Monthly Archives: <span>May 2014</span>

Willis Names White to Managed Care Practice

Willis North America has appointed Kenneth White as National Managed Care Practice leader for its Willis National Health Care Practice. The practice targets group health insurers, pharmaceutical benefit managers, local government sponsored plans, Independent Provider Associations (IPAs) and Accountable Care …

Should Kentucky Regulate Growing Zip Line Industry?

The growing zip line industry isn’t regulated by any government authority in Kentucky. The Lexington Herald Leader reported that no federal or state agency is charged with keeping track of the safety of the attractions that allow people to “zip” …

UPC Insurance Calls Off Deal to Acquire Sunshine State Insurance

United Insurance Holdings Corp. (UPC Insurance Co.) has terminated its bid to acquire financially-troubled Sunshine State Insurance Co. (SSIC), a Florida property/casualty insurance company. UPC’s intent to rescue Sunshine State was previously announced by the company on May 15, 2014. …

‘Look, Ma, No Steering Wheel’ in Google’s Autonomous Car

Google Inc. is building cars that don’t have steering wheels, accelerator pedals or brake pedals, in an ambitious expansion of the Internet company’s efforts to develop self-driving cars. The small electric cars, which seat two passengers, are currently prototypes that …

FTC Calls for Consumer Disclosure by Data Brokers

Companies known as data brokers collect and sell information about “nearly all” U.S. consumers, drawing potentially harmful conclusions about them largely without their knowledge, U.S. regulators said on Tuesday. The Federal Trade Commission called on Congress to pass legislation that …

Ratings Recap: Frankenmuth, Sooner, Tokio Marine America, Kingstone, Canopius U.S., HDI-Gerling America

A.M. Best has revised the outlook to stable from negative and affirmed the issuer credit ratings (ICR) of “a+” of Frankenmuth Mutual Insurance Company and its affiliates, Ansur America Insurance Company, Patriot Insurance Company, based in Yarmouth Maine, ASure Worldwide …

Gallagher Buys Florida’s MGA Insurance Group

Arthur J. Gallagher & Co. said it has acquired MGA Insurance Group of Lakewood Ranch, Florida. Terms of the transaction were not disclosed. Established in 1989, MGA Insurance Group (MGA) is a national program administrator that provides insurance programs for …

Ascoma International Group Joins Worldwide Broker Network

Worldwide Broker Network has announced that Ascoma Group has joined the fully integrated WBN network of independent insurance brokers and employee benefits consultants, “which now counts 96 member firms in 101 countries on 6 continents, as well as 8 Associate …

German Insurers Say Schaeuble Amendment Will Scare off Investors

German Finance Minister Wolfgang Schaeuble has deflected complaints from insurers worried that his revamp of how they meet obligations to policy holders will scare off investors, a ministry document released today shows. Schaeuble’s ministry is preparing a bill to secure …

New Provider Portal Saves Time & Money for American Claims Management Customers

San Diego, CA, 05/28/14 – American Claims Management Inc. (ACM), a national third-party administrator, unveiled its new bill review Provider Portal in April. The Provider Portal was developed by ACM’s bill review partner, Marquee Managed Care Solutions, as a way …