| Unitrin Announces Definitive Agreement to Acquire Merastar ...
CHICAGO--(BUSINESS WIRE)--March 26, 2007--Unitrin, Inc. (NYSE:UTR) announced today that its subsidiary, Trinity Universal Insurance Company ("Trinity"), has entered into a definitive agreement to acquire Merastar Insurance Company ("Merastar Insurance") and certain of its affiliates, superseding the previously announced agreement in principle. Trinity will acquire Merastar Insurance in a cash transaction valued at approximately $45 million, subject to certain purchase price adjustments. The transaction is subject to approvals by insurance regulators and other third parties and other customary closing conditions, and is expected to close in the second quarter. Merastar Insurance is based in Chattanooga, Tennessee and specializes in the sale of personal automobile and homeowners' insurance through employer-sponsored voluntary benefit programs.
MedSurge Advances to Exhibit at Harris County Medical Society ...
MedSurge Advances will be exhibiting at the Harris County Medical Society Spring Business Expo 2007 in Houston, Tex. on Saturday, April 14. MedSurge Advances will provide interested physicians with information on medical spas, body-management centers, and integrating aesthetic procedures into their existing practices. Dallas (PRWeb) April 1, 2007 -- MedSurge Advances will exhibit at the Harris County Medical Society Spring Business Expo 2007 in Houston, Tex. on Saturday, April 14 to provide interested physicians with information on medical spas, body-management centers, and integrating aesthetic procedures into their existing practices. The company's booth number for the event, to be held at Reliant Center, is 44.
Many doctors today feel squeezed by financial pressures such as declining insurance reimbursements and rising malpractice insurance costs.
Is Citizens ready to handle more growth?
Everyone dreads that letter from Citizens Property Insurance. And, believe me, I have read all your e-mails and also know the pain firsthand. Insurance rate relief has been minimal so far -- and much more is needed from our Legislature this session. But let's try to put the rate issue aside for a moment. Let's look closely at the company at the center of the insurance crisis -- and the subject of much debate in Tallahassee. After all, more than likely, it is your insurance company. Formed to be the insurer of last resort, Citizens is now the insurer of only resort for many home, condo and small-business owners. The state-run insurer has added 50 percent more policies in just the past two years, making it the biggest home insurer in the state. And it is poised to grow much bigger, also expanding its commercial business.
Molina Healthcare Implements Cincom Eloquence in 19 Days
NewswireToday - /newswire/ - Cincinnati, OH, United States, 04/09/2007 - Cincom Document Solutions (CDS), a division of global software company Cincom Systems, today announced that Molina Healthcare, Inc., a multi-state managed care organization with over one million members, has successfully implemented Cincom Eloquence. .
Putting Your Life Insurance
In recent years, a new option has emerged for older adults who own life-insurance policies they no longer want or perhaps can't afford to maintain. The traditional process for cash-value policies involved surrendering the policy to the insurance company and receiving the accumulated savings component. Today, investors will buy that policy for considerably more, although less than the benefit payable upon death. They on occasion also will buy "term" policies that pay a death benefit but don't have a savings component. When such deals -- known as life settlements -- work as advertised, they can free up substantial amounts of ... .
New Premera Capability Helps Predict Health Outcomes for Members ...
Business Editors/Health Writers MOUNTLAKE TERRACE, Wash.--(BUSINESS WIRE)--March 30, 2007--In its ongoing campaign to assist members with critical health needs, Premera Blue Cross announced today that is has successfully launched Care Bridge(SM) -- a new approach that brings help more quickly to members who need it most. Care Bridge gives Premera the ability to employ a unique combination of advanced predictive modeling tools and case management software to identify and assist members facing complex medical situations such as cancer, high-risk pregnancy and serious injury. With the new systems, launched early this year with The TriZetto Group and Ingenix, Premera case managers can quickly analyze members' short-term health status and long-term health trends to find opportunities to improve health outcomes.
Blagojevich questions Jackson's opposition to tax plan
ROCKFORD (AP) - Businessman Duntai Mathews knows it's important to have healthy employees at his small woodworking company, it's finding the money to pay for their medical insurance that's the problem.So Mathews and his family go without insurance and he doesn't offer it to his 11 employees either."I need it," said Mathews, who is backing Gov. Rod Blagojevich's $7.6 billion business tax plan to make access to health care affordable in Illinois and generate money for schools and property tax relief.Mathews said private insurance companies want to charge him $6,200 a month to cover his employees and Blagojevich's plan to offer low-cost health insurance for workers would do it for $2,800 a month.But Blagojevich's tax plan has outraged many other business owners, who predict it would force them to raise prices and cut jobs.
What's happening TUESDAY in Southwest Michigan
The Kalamazoo Jaycees is sponsoring ``Munch & Mingle'' at 6:30 p.m. at Main St. Grill, 3013 Oakland Drive. The event is a way to meet new people and learn about the activities and projects of the organization. The Kalamazoo Jaycees offers men and women ages 21 to 40 the opportunity to participate in professional and social activities. The event is free. 381-5086, 343-2355, or visit www.kalamazoojaycees.org. Volunteer orientation Meals on Wheels is holding new a volunteer orientation at 9 a.m. in the Meals on Wheels Conference Room at Senior Services Inc., 918 Jasper St. 382-0515, ext. 300. Poetry Kalamazoo Poetry Slam's 10th annual Slam Tournament, round two, is set for 8:30 p.m. at Fire, 1249 Portage St. The cost is $5.
Officials aim to cut rate of obesity
Mississippi taxpayers could foot the bill for stomach stapling and other weight-loss surgeries as early as 2008 if the operations are deemed affordable. The proposal is an effort to shrink the nation's most obese state and trim long-term health care costs for the state. .
Insurers Envision Hurricane Catastrophe for Florida
As far as the insurance industry is concerned, Florida -- and particularly its Gold Coast -- is another hurricane disaster waiting to happen, with more than $2 trillion worth of real estate at risk. The reason: seemingly unabated coastal construction, an economist said Friday at the closing session of the National Hurricane Conference. In south Miami Beach alone, 15 new condominiums are to be completed by next year, adding 2,111 units with an average price of $3.7 million each, said Robert P. Hartwig, president and chief economist of the Insurance Information Institute. That amounts to at least an additional $6 billion worth of exposure that insurance companies would have to cover should a hurricane hit, he said. Meanwhile, other metropolitan areas of the state, such as Tampa, also continue to grow rapidly, he said.
United Way's role evolves
Time was when the United Way didn't give money to people like Christopher McSherry, at least not directly. When he came home injured in December following a National Guard tour in Iraq, McSherry found himself in a desperate financial crisis. He needed several thousand dollars to pay his mortgage, and he simply didn't have the cash. .
Groundbreaking Marks Start Of Nationwide's New Campus
DES MOINES, Iowa -- A groundbreaking Thursday marked the start of a project that promises to bring more than 1,500 new jobs to Des Moines. An area in 1200 block of Locust Street will be the site of Nationwide's new campus. The buildings will house Nationwide property and casualty insurance operations. It will also include Allied Insurance, Nationwide Agribusiness and Nationwide Insurance. .
Students Philanthropy Group Hosts Ball
After listening to a presentation by the United Way in their class, a small group of BYU students came up with a ten thousand dollar idea. Giving Back: Students in Philanthropy is the organization that stemmed from that idea. Their plan was to use this organization to raise money for charity and inform people about service opportunities in their community. The students presented their ideas to the United Way and gained the organization's support for the large-scale student initiative. "A couple of us that listened to the presentation started talking about what we could do and it just kind of grew," said David Trichler, founder of Giving Back: Students in Philanthropy. Friday, the first of their ideas came to fruition as they teamed up with the United Way of Utah County to host a charity ball and auction at the Provo City Library.
TRANZACT Taps Steven Dexter as Vice President of New Business ...
FORT LEE, N.J., April 9 /PRNewswire/ -- TRANZACT, a portfolio company of Halyard Capital and the market leader in fully integrated, end-to-end, on- and off-line customer acquisition solutions for large brands, announced that it has hired Steven Dexter as Vice President of New Business Development. "Steve is an effective and energetic business development leader with a track record of success in the financial services, insurance, and telecommunications markets," said David Graf, TRANZACT's President and CEO. "He has hit the ground running to help us grow both our on- and off-line lead generation and customer acquisition efforts." Prior to joining TRANZACT, Dexter was most recently Vice President, Sales and Business Development for ChoicePoint Precision Marketing where he was responsible for a 20-person business development team with a substantial revenue budget.
|
