| Blue Chip News: Fundamental Review for Aetna Inc.
Mount Etna is Europe's most active volcano; Aetna is one of the most active health insurance companies in the US. The company operates in three segments. Its Health Care division offers HMOs, PPOs, point-of-service (POS) plans, health savings accounts, and traditional indemnity coverage, along with dental, vision, behavioral health, and Medicare plans. Aetna covers more than 15 million individuals under its health plans, some 13 million dental plan members, and 10 million pharmacy members. Its Group Insurance segment sells life, disability, and long-term care insurance, covering about 15 million people. The Large Case Pensions segment offers pensions, annuities, and other retirement savings products. Shares were down 2% expanding efforts to help consumers purchase health care. BellwetherReport.com is a leading online research firm for international investors looking to get an edge over their portfolio.
Long-term care insurance can be worth the premiums
NEW YORK - When her first husband entered a nursing home 19 years ago, the costs nearly crippled Claire Harmon. Her former spouse, Myron Angel, lingered for three years before dying at age 71. Claire, now 75 and remarried, wanted much better protection from the devastating costs that can come during the last years of life. Now remarried, she and her second husband, Albert, 81, bought long-term care insurance. The policies, which they've had seven years, aren't cheap - nearly $6,000 a year - but Harmon has no regrets. In January, Albert entered Mary Manning Walsh Home, a nursing facility on the upper East Side near the Harmon's apartment. A retired real estate manager, he suffers from chronic dementia and other ailments.
Barack Obama Calls For Investigation Into Long Term Health Care ...
Ontario, CA (AHN) - Analysts of the nation's healthcare system say long-term care is the crisis of the 21st century and 3 out of 5 people will need it, while 2 out of 5 will require nursing home facilities. According to Frank N. Darras, widely regarded as one the nation's leading disability and long term care insurance lawyers, the number of Long Term Care policyholders has increased 21 percent annually and now there are approximately six million LTC policies in the United States. "Barack Obama has it right, and it is encouraging to see a presidential candidate focusing on truly helping hard working senior Americans. His call for an investigation into the fraud that is running rampant in the long-term care business is a step in the right direction," says Darras.
Genworth Financial Opens Regional Office in Johnson City
Steve Wilson, General Agent, with the Mid-South Long Term Care Insurance Group has opened a regional office at 801 Sunset Drive in Johnson City. The Mid-South office provides support for Georgia, Tennessee and Northern Alabama. Genworth Life Insurance Company is a Genworth Financial company. Its Long Term Care Insurance Division helped pioneer the development of long term care insurance in 1974, and has been an industry leader ever since. Genworths comprehensive long term care insurance plans help people protect their retirement savings and preserve their financial independence. Our agency specializes in helping to protect families and businesses against the risk of long term care expenses. For information about long term care insurance, including individual or group sales presentations and/or career opportunities in long term care insurance sales, contact the local office at 423-282-1019.
Nation's Leading Lawyer Says 'Obama Has it Right' When it Comes to ...
ONTARIO, Calif., April 9 /PRNewswire-USNewswire/ -- Long-term care is the crisis of the 21st century and 3 out of 5 people will need it, while 2 out of 5 will require nursing home facilities. According to Frank N. Darras, the nation's leading disability and long term care insurance lawyer, who reviews over 1000 cases each month, the number of Long Term Care policyholders has increased 21% annually and now there are approximately six million LTC policies in the United States. See http://www.sbd-law.com/. "Barack Obama has it right, and it is encouraging to see a presidential candidate focusing on truly helping hard working senior Americans. His call for an investigation into the fraud that is running rampant in the long-term care business is a step in the right direction," says Darras.
Prudential Financial Announces Strategic Partnership with the ...
NEWARK, N.J.--(BUSINESS WIRE)--March 22, 2007--Prudential Financial, Inc. (NYSE:PRU) announced today the signing of a sales partnership agreement with the National LTC Network, Inc., one of the leading long-term care insurance marketing organizations in the country. Throughout its 13-year history, the Network has committed itself to improving knowledge and awareness of long-term care issues and to promoting innovation in product design and distribution. "The Network has been one of the driving forces behind sales, product innovation and education in our industry," said Eric Holtzman, vice president, marketing and sales of The Prudential Insurance Company of America's Long-Term Care Insurance business. "We are extremely pleased to be selected by the Network to be one of their endorsed LTCi carriers." As a top-10 seller of long-term care insurance and one of only a handful of companies offering both individual and true-group products, Prudential is well positioned to provide Network Associates and their clients a full array of LTC insurance solutions for individuals, groups and associations.
Next Step - SQUEEZED: Rising costs can hurt people on a fixed income
Q. My parents are in their late 60s, in good health and retired. My father worked for state government; my mother worked as a church secretary part-time. I have two siblings who live in other states and who visit every six months or so. My folks never confided in any of us about their finances until just recently, when they asked me to come over to visit. I was shocked to learn they were having problems making ends meet. Because of rising living costs, health insurance, gasoline, etc, when large payments became due - such as car and homeowner's insurance, property taxes, life insurance premiums, etc. - they have been taking cash advances on their credit cards to pay these amounts. And, because they were making minimum payments each month, their credit-card debt now exceeds $40,000.
Long-term care insurance helps some avert financial woes
Dale Bruhn of Madison thought he was covered 20 years ago when he bought long-term care insurance - that he and his wife would be able to afford the help they needed as they got older. Bruhn purchased three years of benefits - the average amount of time that people spent in a nursing home. But Norma Bruhn bucked the average. After being diagnosed with Alzheimer's disease, she lived seven years at home and eight more in a nursing home before she died in 2002. When their long-term care coverage ran out, her husband was forced to turn to public assistance. .
Insuring smooth transition
Fifteen years ago, Brotherhood Mutual Insurance Co.'s products had become as stale as week-old Communion bread. The Fort Wayne-based insurance company had gotten "very behind and antiquated" in the coverage it was offering, President James Blum said. Blum, who was named president in 1995, modernized the insurer of churches and related ministries. In recent years, the company has added policies that include coverage for terrorism, sexual misconduct, broadcast communications and overseas missions trips. The executive also moved Brotherhood Mutual away from homeowners' insurance, an area that accounted for only 5 percent of the company's income before it was discontinued in 2005. "We can't be all things to all people and do it well," he said. Blum, who will retire at the end of the month, sat down recently with The Journal Gazette to talk about how Brotherhood Mutual has evolved during his 40 years with the company.
Letter from America: A minimally invasive plan to expand health ...
NEW YORK: You don't have to read very far into the papers, or go to the doctor much, to find that the American health care system is on the precipice of disaster, with costs rising, ever more uninsured people, and high numbers of deaths due to errors or complications - 98,000 of them a year, according to a widely cited estimate by the Institute of Medicine of the National Academy of Sciences. We spend twice as much ($6,000 a year a year for every man, woman and child) and have worse results than some European countries. Costs are going up three times as fast as inflation, which means that fewer companies can afford to buy health insurance for their employees, which means in turn that more and more people are uninsured. Contrary to the view of many outside this country - that millions of Americans get no care at all - the uninsured do get treated, paying some of the bills out of pocket, or not paying at all.
A Day in the Life: financial professionals' insurance solutions
As vice-president for Marsh Ireland's FinPro practice, Breege Lynn's day reflects the growing concerns among clients recognising the shift in governance standards and the higher standards expected of those running successful businesses. Her day also involves conststant comparison of terms between underwriters in the Dublin, London, Paris and other markers analysing the differences in the underwriters offerings taking everything from pricing to coverage grants and value added services into account and their commitment to capacity for the risk. .
Rooster's Harley Davidson/Buell
In her new position with Rooster's Harley Davidson/Buell, Heidi Reinking will be responsible for the marketing efforts for the company, as well as managing the motorclothes department.Reinking, who has held various positions in the marketing and advertising industries, comes to Rooster's from 102.3 BOB FM.Reinking, a native of Pierson, Iowa, has an associate's degree in marketing management from Western Iowa Tech Community College, and a bachelor's degree in business administration from Bellvue University.
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Delhi fire damages housing
The start of spring break for several State University College of Technology at Delhi students was marked by a blaze Sunday that left them homeless and destroyed many of their belongings.
There was no one home at 40-42 Main St. at about 1 p.m., when a passer-by spotted flames shooting from a second-story window, Delhi Fire Chief Dan Brandenburg said Sunday night. .
Cracker Barrel sues insurers to cover $2 million harassment settlement
A year after paying $2 million in sexual and racial harassment claims, Cracker Barrel Old Country Store is now suing two of its insurance carries, alleging they both failed to reimburse the Lebanon-based store for the cost of defending itself against the federal lawsuit that led to the $2 million settlement.
The new lawsuit, filed last week in the U.S. District Court in Nashville, claims that the Cincinnati Insurance Company and the Houston Casualty Company breached their contracts with Cracker Barrel by “refusal to honor their insurance policy obligations."
Cracker Barrel became the target of an Equal Employment Opportunity Commission (EEOC) lawsuit in August of 2004 after an EEOC investigation uncovered multiple instances of sexual harassment against female employees in three Illinois restaurants, as well as discrimination harassment of black employees.
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