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Health Net Federal Services, LLC, the government operations division of Health Net, Inc. released the following statement today in response to the Department of Defense’s release of the TRICARE contract awards: “Health Net Federal Services is disappointed not to be selected by TRICARE Management Activity (TMA) for the Managed Care Support Contractor in the TRICARE [...]
Archive for March, 2010
Health Net Federal Services Statement on TRICARE Award Announcement
Posted by gary on March 29th, 2010
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Thomas C. Ramey and Wilhelm Zeller appointed independent directors Axis Capital Board
Posted by gary on March 29th, 2010
AXIS Capital Holdings Limited announced that the Company’s Board of Directors has appointed Thomas C. Ramey and Wilhelm Zeller to its Board as independent directors. Both will serve as Class II Directors. Michael Butt, Chairman of AXIS Capital, said: “We are delighted to welcome Thomas C. Ramey and Wilhelm Zeller to AXIS Capital’s Board of [...]
Small Insurers Are Relieving the Pressure
Posted by gary on March 25th, 2010
“All the new business is being written by Florida domestics right now,” says the CEO of one of them, David Howard of Edison Insurance. Domestic insurers — about 20 have been formed in the last decade — now have a third of the market in Florida. Here’s a look at four. The ratings agency [...]
High Court: Parents Can’t Sign Away Kids’ Rights
Posted by gary on March 25th, 2010
Christopher Jones was determined to conquer the double-jump obstacle at the Thunder Cross Motorsports Park in Okeechobee. The ATV driver crashed during an attempt insurance news six years ago and ended up in the emergency room. He tried again a month later and was ejected from the vehicle. The ATV fell on the 14-year-old, and [...]
Britons overestimate the cost of protection insurance
Posted by gary on March 24th, 2010
Legal & General (L&G) is concerned that Britons don’t take out protection insurance because they believe they can’t afford it. In the recent survey of 1,964 adults, L&G found that 65% of respondents over-estimated the cost of taking out £150,000 worth of life cover. The group’s commercial director for housing, Karen Blatchford, points out that [...]
Consumers buy PPI to gain credit card approval
Posted by gary on March 24th, 2010
Which?, is once again on the offensive over Payment Protection insurance (PPI), which is sold alongside secured and unsecured loans to cover repayments if the borrower is off work because of illness or unemployment. The consumer group claims that hundreds of thousands of Britons have bought PPI because they were under the impression that their [...]
More Bidders Could Emerge for Hospital Operator’s $74M Debt
Posted by gary on March 18th, 2010
A court-appointed receiver who is selling loans made to Santa Ana-based hospital operator Integrated Healthcare Holdings Inc. said he has entered agreements with about 11 potential additional bidders. Thomas Seaman of the Thomas Seaman Co. in Irvine also said he’s been in contact with “numerous interested parties” about the loans. Names of potential bidders weren’t [...]
Health Care System Develops Online Tool
Posted by gary on March 18th, 2010
Two years in the making and $2 million later, Sharp HealthCare has unveiled an online tool that allows patients to track their health and e-mail their doctor with any questions. Called mySharp, the online portal also gives patients a way to pay bills, schedule appointments, refill prescriptions and check the results of any laboratory tests. [...]
Private Equity Spending Again, Targeting Smaller Cos.
Posted by gary on March 18th, 2010
Local private equity investment fell off a cliff last year. But managers are expecting improvement in the second half of this year after some encouraging signs in late 2009. “In some segments of the private equity market, last year ended with more deals than the combined total of the previous three quarters,” said Chris Britt, [...]
Encino Insurance Broker Pushes South
Posted by gary on March 4th, 2010
GNW-Evergreen Insurance Services, an Encino-based broker, said Aug. 25 that it signed a deal to acquire the assets of Plenary Insurance Services for undisclosed terms. As part of the deal, GNW-Evergreen took on Plenary’s San Diego office with three employees as well as an Orange County office with eight employees. Plenary is a subsidiary of [...]
Pacific Western Discovers One Bank’s Failure Can Be Another’s Gain
Posted by gary on March 4th, 2010
Another California bank was seized by federal regulators Aug. 28, bringing the number of failures in the state to nine this year, including Temecula Valley Bank in July. The tally for the nation as of last month was 84. Pacific Western Bank, the second largest bank based locally, took most of the assets and deposits [...]
Barney & Barney in the Mood to Celebrate 100 Years in Business
Posted by gary on March 4th, 2010
Lots has happened at Barney & Barney since the insurance brokerage opened its doors a century ago, such as not having to depend on selling animal skins to make ends meet. “Back in the early days when insurance didn’t pay the bills, Barney & Barney sold animal hides and tallow,” said Paul Hering, chief executive. [...]
