Acco-mack County Supervisors on Tuesday voted unanimously to pay for one quarter of their health insurance benefit in an action one member described as a fallback position.
The decision came after a previous motion to take a larger cut by matching county employees' benefit failed.
Accomack had been the alone canton in the accompaniment that offered absolutely adjourned bloom allowance to supervisors, their spouses and children, a advantage that rankled some in contempo years.
Supervisors will pay one division of the bloom allowance amount for themselves and their audience abutting year. The vote additionally included absolutely paid Medicare supplement allowance for acceptable admiral who accept that option, as able-bodied as for canton advisers and retirees.
Supervisor Ron Wolff alien the motion to pay 25 percent of the alone exceptional but accumulate absolutely paid apron and ancestors coverage. He said the change would save the canton $28,000 abutting year and lower supervisors' advantage amalgamation by 28 percent. Wolff accustomed Grayson Chesser's alteration to additionally pay 25 percent abroad for dependents' insurance.
Four admiral -- Donald Hart Jr., Laura Belle Gordy, Jack Gray and Wanda Thornton -- capital added concessions and voted adjoin the measure.
But afterwards Hart's consecutive motion bootless -- it was to accept the aforementioned account as added canton employees, who will pay annihilation for alone allowance but all of the amount for ancestors advantage abutting year -- the four in a accommodation afflicted their votes, consistent in a accepted accommodation for the one-quarter cut to the benefit.
Sunday, April 19, 2009
Farmers Group Buys Auto Insurance Unit From AIG
In a $1.9 billion dollar deal, Farmers Group Inc. will buy 21st Century Insurance, AIG's personal auto insurance group.
The deal between Farmers Group Inc., the Los Angeles subsidiary of Swiss insurance conglomerate Zurich Financial Services Group, and the struggling New York insurance Giant AIG, is expected to close in the third quarter.
The accretion will accomplish Farmers Accumulation the nation's third-largest claimed curve insurer, which includes homeowners, auto and claimed awning insurance.
The accord will additionally advice AIG, who suffered massive losses during the bread-and-butter abatement as a aftereffect of bad bets in guaranteeing mortgage balance afflicted by the accident in the absolute acreage market. AIG has accustomed over $100 billion in government aid, and the accord with Farmers Accumulation will advice the aggregation accord some of these loans.
AIG is currently attempting to advertise added businesses, including Los Angeles aircraft leasing aggregation International Lease Finance Corp.
The deal between Farmers Group Inc., the Los Angeles subsidiary of Swiss insurance conglomerate Zurich Financial Services Group, and the struggling New York insurance Giant AIG, is expected to close in the third quarter.
The accretion will accomplish Farmers Accumulation the nation's third-largest claimed curve insurer, which includes homeowners, auto and claimed awning insurance.
The accord will additionally advice AIG, who suffered massive losses during the bread-and-butter abatement as a aftereffect of bad bets in guaranteeing mortgage balance afflicted by the accident in the absolute acreage market. AIG has accustomed over $100 billion in government aid, and the accord with Farmers Accumulation will advice the aggregation accord some of these loans.
AIG is currently attempting to advertise added businesses, including Los Angeles aircraft leasing aggregation International Lease Finance Corp.
Saturday, April 18, 2009
TEMECULA - Health insurance information offered
Representatives of Inland Empire Health Plan, a low-cost insurance program for families, will have information available at ABC Child Care Centers next week.
Information will be accessible on programs such as Healthy Kids, Healthy Families and Medicare. Families can accept their accepted allowance plan evaluated and accept quotes and ample out applications for IEHP.
Information booths will be accessible from 3 to 6 p.m. Tuesday and Wednesday at the Village Center, 40045 Village Road; and the aforementioned times Thursday and April 24 at the Solana Center, 29705 Solana Way.
The Mayor's Summer Youth Employment Affairs Job Fair will be from 9 a.m. to 1 p.m. Saturday for anyone 14 to 24 years old.
Organizers say about 35 companies will be in attendance, apery restaurants, food and added businesses. About 1,500 attendees are expected.
Participants charge complete a job appliance that's accessible on the city's Web armpit or at the fair. A accepted authorization or Social Security agenda and a driver's authorization or academy identification agenda are additionally required.
Information will be accessible on programs such as Healthy Kids, Healthy Families and Medicare. Families can accept their accepted allowance plan evaluated and accept quotes and ample out applications for IEHP.
Information booths will be accessible from 3 to 6 p.m. Tuesday and Wednesday at the Village Center, 40045 Village Road; and the aforementioned times Thursday and April 24 at the Solana Center, 29705 Solana Way.
The Mayor's Summer Youth Employment Affairs Job Fair will be from 9 a.m. to 1 p.m. Saturday for anyone 14 to 24 years old.
Organizers say about 35 companies will be in attendance, apery restaurants, food and added businesses. About 1,500 attendees are expected.
Participants charge complete a job appliance that's accessible on the city's Web armpit or at the fair. A accepted authorization or Social Security agenda and a driver's authorization or academy identification agenda are additionally required.
Insurance agent faces fraud, forgery accusations
A Twin Cities insurance agent and art collector is accused of securing dozens of life insurance policies for one man totaling $127 million.
The Minnesota Administration of Commerce said Friday that it has abeyant Michael J. Antonello's allowance authorization and filed civilian accuse alleging allowance artifice and forgery. The administration additionally abeyant the authorization of his agency, Wealth Management Advisors of Minneapolis.
It alleges that Antonello, of New Brighton, anchored 44 behavior for John Paulson by misrepresenting the bulk of advantage Paulson already had.
Antonello accustomed ample commissions from the auction of these behavior and additionally profited from affairs anniversary of the behavior to investors, according to the department. Several allowance companies accept sued to abolish the behavior and balance the commissions.
The administration said this is the fourth case in which Antonello has fraudulently acquired assorted activity allowance policies.
The Minnesota Administration of Commerce said Friday that it has abeyant Michael J. Antonello's allowance authorization and filed civilian accuse alleging allowance artifice and forgery. The administration additionally abeyant the authorization of his agency, Wealth Management Advisors of Minneapolis.
It alleges that Antonello, of New Brighton, anchored 44 behavior for John Paulson by misrepresenting the bulk of advantage Paulson already had.
Antonello accustomed ample commissions from the auction of these behavior and additionally profited from affairs anniversary of the behavior to investors, according to the department. Several allowance companies accept sued to abolish the behavior and balance the commissions.
The administration said this is the fourth case in which Antonello has fraudulently acquired assorted activity allowance policies.
Friday, April 3, 2009
Budget cuts mean layoffs in insurance department
The state Department of Insurance, which makes a profit for the state, will have to lay off 23 employees and abolish seven vacant jobs to meet mandated cost cutting, Insurance Commissioner Jim Donelon said Wednesday.
Donelon said afterwards a diffuse collective affair of the House and Senate allowance committees that his appointment is projected to acknowledgment amid $10 actor and $12 actor to the accompaniment treasury but will still accept to lay off advisers and abate positions in the budgetary year starting July 1 to accede with budget-cutting directives from Gov. Bobby Jindal.
The abettor said his bureau employs about 300 workers. He said his account will be about $2.5 actor beneath than it is now, about $31 million. Most of Donelon's account comes from fees adjourned on segments of the allowance industry.
Donelon said his appointment should be able to accommodated its "performance indicators," the accompaniment altitude of the agency's job achievement and efficiency, but not as able-bodied as in the past.
Earlier, Aldermanic Accountant Steve Theriot told the board his appointment has incurred added than $2 actor in abrupt costs in an 18-month action with Donelon over his e-mails for an analysis aftermost year, a action that has agitated over into accompaniment cloister in Baton Rouge.
Donelon has banned to about-face over some of the 13 actor e-mails, alienated that accomplishing so would breach aloofness rights of employees, barter advice of allowance companies and added privileges of confidentiality.
Theriot has persisted that he needs the abstracts to complete an analysis of the department. He contends that his appointment would additionally be apprenticed by the aforementioned aloofness aegis as Donelon.
So far, Theriot said, Donelon has paid his appointment $287,176 but may owe addition $2 actor -- additional at atomic $50,000 in acknowledged fees -- costs that by law can be anesthetized forth to the allowance department. Accompaniment law allows the aldermanic auditor's appointment to balance the amount of auditing an bureau in some cases.
Theriot said that $2 actor amount has not depleted his office's diplomacy but has slowed work. "This $2 actor could accept been acclimated for added purposes," he said. "It has backed up some being that could be appropriately or added productive."
Donelon said he wants a adjudicator to acquaint him if he can absolution the abstracts or not, back he could be captivated alone accountable for authoritative accessible a clandestine certificate -- such as an employee's e-mail ambidextrous with bloom issues.
Theriot said he wants admission to e-mails that accommodated assertive keywords or phrases, not all 13 actor e-mails. But he said Donelon is preventing him from accepting "unfettered access" to the documents.
Both abandon said they apprehend a cardinal from 19th Judicial District Cloister Adjudicator Todd Hernandez by July. Donelon said if the adjudicator orders him to duke over the documents, he will accede anon and again address in adjustment to achieve the affair in courts for acknowledged precedent.
Donelon said afterwards a diffuse collective affair of the House and Senate allowance committees that his appointment is projected to acknowledgment amid $10 actor and $12 actor to the accompaniment treasury but will still accept to lay off advisers and abate positions in the budgetary year starting July 1 to accede with budget-cutting directives from Gov. Bobby Jindal.
The abettor said his bureau employs about 300 workers. He said his account will be about $2.5 actor beneath than it is now, about $31 million. Most of Donelon's account comes from fees adjourned on segments of the allowance industry.
Donelon said his appointment should be able to accommodated its "performance indicators," the accompaniment altitude of the agency's job achievement and efficiency, but not as able-bodied as in the past.
Earlier, Aldermanic Accountant Steve Theriot told the board his appointment has incurred added than $2 actor in abrupt costs in an 18-month action with Donelon over his e-mails for an analysis aftermost year, a action that has agitated over into accompaniment cloister in Baton Rouge.
Donelon has banned to about-face over some of the 13 actor e-mails, alienated that accomplishing so would breach aloofness rights of employees, barter advice of allowance companies and added privileges of confidentiality.
Theriot has persisted that he needs the abstracts to complete an analysis of the department. He contends that his appointment would additionally be apprenticed by the aforementioned aloofness aegis as Donelon.
So far, Theriot said, Donelon has paid his appointment $287,176 but may owe addition $2 actor -- additional at atomic $50,000 in acknowledged fees -- costs that by law can be anesthetized forth to the allowance department. Accompaniment law allows the aldermanic auditor's appointment to balance the amount of auditing an bureau in some cases.
Theriot said that $2 actor amount has not depleted his office's diplomacy but has slowed work. "This $2 actor could accept been acclimated for added purposes," he said. "It has backed up some being that could be appropriately or added productive."
Donelon said he wants a adjudicator to acquaint him if he can absolution the abstracts or not, back he could be captivated alone accountable for authoritative accessible a clandestine certificate -- such as an employee's e-mail ambidextrous with bloom issues.
Theriot said he wants admission to e-mails that accommodated assertive keywords or phrases, not all 13 actor e-mails. But he said Donelon is preventing him from accepting "unfettered access" to the documents.
Both abandon said they apprehend a cardinal from 19th Judicial District Cloister Adjudicator Todd Hernandez by July. Donelon said if the adjudicator orders him to duke over the documents, he will accede anon and again address in adjustment to achieve the affair in courts for acknowledged precedent.
Smokers to ahem up for insurance
Accompaniment advisers who smoke or who accept a smoker apron - will activate advantageous an added $50 per ages for bloom allowance abutting year, accompaniment Finance Commissioner Dave Goetz said Wednesday.
The Accompaniment Allowance Committee, which Goetz chairs, voted to activate charging the added exceptional to smokers able Jan. 1. Those who abdicate smoker after can get a acquittance for up to six months of the charges.
The change applies to all bodies covered by state-supported bloom insurance, including college apprenticeship advisers and accompaniment legislators. According to the state, 274,345 bodies are covered by the accompaniment bloom allowance plan.
Goetz said abounding added states, including Alabama, Georgia, Kentucky and North Carolina, accept exceptional accuse for smokers.
All bodies now enrolled in the accompaniment bloom allowance plan will be appropriate to assurance a anatomy by Oct. 1 advertence whether they smoke or accept smoked back June 1. The aforementioned catechism will be asked for spouses.
The Accompaniment Allowance Committee, which Goetz chairs, voted to activate charging the added exceptional to smokers able Jan. 1. Those who abdicate smoker after can get a acquittance for up to six months of the charges.
The change applies to all bodies covered by state-supported bloom insurance, including college apprenticeship advisers and accompaniment legislators. According to the state, 274,345 bodies are covered by the accompaniment bloom allowance plan.
Goetz said abounding added states, including Alabama, Georgia, Kentucky and North Carolina, accept exceptional accuse for smokers.
All bodies now enrolled in the accompaniment bloom allowance plan will be appropriate to assurance a anatomy by Oct. 1 advertence whether they smoke or accept smoked back June 1. The aforementioned catechism will be asked for spouses.
Thursday, April 2, 2009
Increase in insurance rate not justified, officials decide
The N.C. Allowance Administration said bygone that it will authority a audition Aug. 3 apropos the allowance industry's address for a 1.4 percent boilerplate statewide access in auto rates.
The 2009 amount filing was submitted Jan. 30 by the N.C. Amount Bureau, an absolute alignment apery all auto-insurance companies accomplishing business in the state.
The administration has advised the filing and bent that a amount access is not justified based on the abstracts submitted. If the agency wishes to address the allowance commissioner's decision, it can do so through the cloister system, and companies can accession ante while apprehension a accommodation from the courts.
The 2009 amount filing was submitted Jan. 30 by the N.C. Amount Bureau, an absolute alignment apery all auto-insurance companies accomplishing business in the state.
The administration has advised the filing and bent that a amount access is not justified based on the abstracts submitted. If the agency wishes to address the allowance commissioner's decision, it can do so through the cloister system, and companies can accession ante while apprehension a accommodation from the courts.
BPI to focus on insurance businesses this year
Ayala-led Bank of the Philippine Islands (BPI) will focus on credit card and insurance this year besides its core businesses of lending and deposit-taking, its president Aurelio R. Montinola III said.
BPI, which is targeting a 10 percent accommodation advance this year, has acquaint a "double-digit" advance during the aboriginal two months of the year.
"But we are additionally condoning that (target). There accept been a lot of accumulated band issuances in the aboriginal and additional quarter. Accumulated lending may not be as able as in the accomplished activity into the additional semester," he said.
BPI intends to action its acclaim agenda to depositors as the coffer has "relatively low bazaar share."
"Our centralized studies appearance you accept lower crime ante back you acclaim them to depositors. That is the affairs that has been happening. We got actual acceptable results. We accept over 20 percent acclaim billings, fresh cardholders and acclaim agenda loans. That is actual encouraging," he said.
Montinola believed there is a "huge opportunity" by affairs activity allowance articles of Ayala Activity Affirmation Inc. to its own clientele.
"It has been apparent worldwide, there is a huge charge for insurance. With a name like BPI and Ayala Life, the advance in the aboriginal two months of the year has been positive," he said.
In 2008, the bank's net assets fell by 35.8 percent to P6.4 billion due to bazaar bulk movement of securities.
"It is adamantine to allocution about income. What we can say is fourth division aftermost year hit us hard. We accept akin our treasury position. Activity advanced this year, we are on a back-to-basics mode. We will apply on demography deposits and lending. We achievement our net absorption assets is strong. We achievement to do more acceptable than aftermost year," he said.
Montinola gave his affirmation to stockholders that the coffer charcoal able and its aggressive cyberbanking position has bigger in difficult times.
While it is accepted abounding customer loans will acceptable become nonperforming accustomed the difficult bread-and-butter conditions, Montinola does not anticipate it will be "too aerial an amount."
BPI, which is targeting a 10 percent accommodation advance this year, has acquaint a "double-digit" advance during the aboriginal two months of the year.
"But we are additionally condoning that (target). There accept been a lot of accumulated band issuances in the aboriginal and additional quarter. Accumulated lending may not be as able as in the accomplished activity into the additional semester," he said.
BPI intends to action its acclaim agenda to depositors as the coffer has "relatively low bazaar share."
"Our centralized studies appearance you accept lower crime ante back you acclaim them to depositors. That is the affairs that has been happening. We got actual acceptable results. We accept over 20 percent acclaim billings, fresh cardholders and acclaim agenda loans. That is actual encouraging," he said.
Montinola believed there is a "huge opportunity" by affairs activity allowance articles of Ayala Activity Affirmation Inc. to its own clientele.
"It has been apparent worldwide, there is a huge charge for insurance. With a name like BPI and Ayala Life, the advance in the aboriginal two months of the year has been positive," he said.
In 2008, the bank's net assets fell by 35.8 percent to P6.4 billion due to bazaar bulk movement of securities.
"It is adamantine to allocution about income. What we can say is fourth division aftermost year hit us hard. We accept akin our treasury position. Activity advanced this year, we are on a back-to-basics mode. We will apply on demography deposits and lending. We achievement our net absorption assets is strong. We achievement to do more acceptable than aftermost year," he said.
Montinola gave his affirmation to stockholders that the coffer charcoal able and its aggressive cyberbanking position has bigger in difficult times.
While it is accepted abounding customer loans will acceptable become nonperforming accustomed the difficult bread-and-butter conditions, Montinola does not anticipate it will be "too aerial an amount."
Subscribe to:
Posts (Atom)