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Kansas-City, Mo.-based UMB financial Corp. announced earnings for the three months ended June 30 of $23 million, or 57 cents per share (57 cents diluted). This is an increase of $4 million, or 20.9 percent, compared with second quarter 2009 earnings of $19 million, or 47 cents per share (47 cents diluted). Earnings for the [...]
HealthWyse partners with ZirMed
HealthWyse, a provider of home health and hospice software and services, has partnered with ZirMed, a provider of revenue cycle management solutions, to bring enhanced administrative and revenue cycle management functions to home health and hospice organizations nationwide. The partnership pairs ZirMed’s claims management and revenue generation tools with HealthWyse’s core set of enterprise capabilities, [...]
Zurich-Based Perils Tops $250 Million in Risk Transactions With Allianz-Munich Re Deal
Total placements of insurance risk transactions based on Perils AG’s industry loss index exceeded $250 million (198 million euros) in the first six months of 2010, the company said. The Zurich-based provider of industrywide European catastrophe insurance data said its latest transaction was related to a private placement between Allianz Risk Transfer and Munich Re, [...]
Hallmark Financial Services Leads Tuesday’s AMBG as Global Insurance Index Rises 1.55%
The AMBG closed Tuesday, July 13, at 789.05 (+1.55%). All 15 A.M. Best stock indexes rose. Leading A.M. Best’s Global Insurance Composite Index (AMBG) were Hallmark financial Services (+9.07%) and Gainsco (+7.91%). Trailing the list of global insurance stocks were BancInsurance Corp. (-14.29%) and National Security Group (-4.91%). The U.S. Insurance Brokers Index led the [...]
BOKF income up strongly for 2Q, six months
July 29th, 2010 
gary BOK financial Corp. reported net income for the second quarter of $63.5 million, or 93 cents per diluted share, up from $60.1 million, or 88 cents per diluted share, in the first quarter and $52.1 million, or 77 cents per diluted share, for the second quarter of 2009. Net income for the six months ended [...]
America’s New Health Care System revealed through bewildering chart
July 29th, 2010 gary America’s New Health Care System Revealed UPDATED Chart Shows ObamaCare’s Bewildering Complexity Washington, DC – Four months after U.S. House Speaker Nancy Pelosi famously declared “We have to pass the bill so you can find out what’s in it,” a congressional panel has released the first chart illustrating the 2,801 page health care law President [...]
THE DAILY WHIPLINE – WEDNESDAY
July 29th, 2010 gary Wednesday, July 28, 2010 House Meets At… 10:00 a.m. For Legislative Business Fifteen “One-Minutes” Per Side Votes Predicted At… First vote: 1:00 – 2:00 p.m. Last vote: 7:00 – 8:00 p.m. Any anticipated Member absences for votes today should be reported immediately to the Office of the Majority Whip at 226-3210. Floor Schedule and Procedure [...]
Small Business Jobs Act Legislative Text and Modifications
July 29th, 2010 gary A summary of the changes made in the substitute amendment and an updated detailed summary of the substitute amendment to the Small Business jobs Act, unveiled by Finance Committee Chairman Max Baucus (D-Mont.) today, A summary of the modifications made in the substitute amendment to the Small Business jobs Act follows below. Legislative text will [...]
INVESTMENT COMPANY ACT RELEASES – Nationwide Life Insurance Company, et al.
July 29th, 2010 gary An order has been issued under Section 6(c) of the Investment Company Act, as amended (Act), to Nationwide life insurance Company (NWL), Nationwide Variable Account-II and Nationwide Investment Services Corporation (together the Applicants) granting exemptions from Sections 2(a)(32), 22(c) and 27(i)(2)(A) of the Act and Rule 22c-1 thereunder, to permit the recapture of certain bonus [...]
Lincoln, Chambliss Urge USDA to Revisit Crop Insurance Changes
July 23rd, 2010 gary Washington – U.S. Senate Agriculture, Nutrition and Forestry Committee Chairman Blanche Lincoln, D-Ark., and Ranking Member Saxby Chambliss, R-Ga., along with 24 U.S. Senators, today urged the U.S. Department of Agriculture’s (USDA) Risk Management Agency (RMA) to refrain from making deep cuts to the federal crop insurance program. In a letter to RMA Administrator William [...]
Brown & Brown Q2 net income marginally up
July 22nd, 2010 gary Brown & Brown, a insurance and reinsurance provider, has reported a net income of $41.18 million, or $0.29 per diluted share, for the second quarter ended June 30, 2010, compared to $40.66 million, or $0.29 per diluted share, for the corresponding quarter of 2009. Total revenues for the second quarter of 2010 were $243.66 million, [...]
BUSINESS NEWS IN ASIA TODAY
July 22nd, 2010 gary AUSTRALIAN FIRM UGL’S JV WITH KAEFER WINS US$438MLN CONTRACT SYDNEY – Australian engineering firm UGL Ltd’s (ASX:UGL) fifty-fifty joint venture with German insulation company KAEFER has won a A$500 million (US$438.3 million) contract with Esso Australia. The seven-year contract is for maintenance and minor project services, including mechanical, electrical and instrumentation, scaffolding, painting, insulation, civil, [...]
Third-party Payment Firms Entering Insurance Sector
July 22nd, 2010 gary Third-party payment firms in China have cast eye on the domestic insurance market. Via inking a credit contract with commercial Banks and a payment contract with property insurers and auto 4S stores, they gain commission revenue. Several property insurers in the market are set to trigger quick indemnity service this month, said sources. The service [...]
57 China Brokers Suffered 27% Decrease in H1 Net
July 22nd, 2010 gary 57 securities brokers in China’s Mainland saw their first-half net profits reduce 27% year on year, according to the latest information disclosure. Available data showed that these 57 Chinese securities companies achieved operating revenues of CNY 45.92 billion in the six months from January to June 2010, down 9% compared to the corresponding period of [...]
Resolve Auto Insurance Issues Before the Summer Road Trip
July 22nd, 2010 gary As millions of American drivers spill out onto the road for summer vacations, it’s important to remember that increased traffic brings with it increased risk. Consumers need to be prepared for dealing with varying state laws and to make sure coverage will be adequate to pay for costs in the event of an accident. OnlineAutoInsurance.com [...]
