The News Review:
- Democratic Senator Unveils Mandatory Health Insurance Plan
- Electric Insurance Files Rate Decrease for Massachusetts Personal …
- Avalon Healthcare names insurance vet to board
- THE FED Go forth and lend, Fed tells banks
- Syntel Tops List of Health Insurance BPO Providers
- W.Va. man beats health insurer in court over $40
- Insurance Department Website Criticized
Democratic Senator Unveils Mandatory Health Insurance Plan
The Weekly Standard
Baucus, Democrat of Montana, would eventually require everyone to have health insurance coverage, with federal subsidies for those who could not otherwise afford it. Other Democrats with deep experience in health care are also drafting proposals to expand coverage and slow the growth of health costs. These lawmakers include Senator Edward M. Kennedy of Massachusetts and Representatives John D.
Related from Marketingmonster: AARP Responds to Senator Grassley, Conducts Comprehensive Review …
Electric Insurance Files Rate Decrease for Massachusetts Personal …
MarketWatch
, Nov 12, 2008 (BUSINESS WIRE) –
Electric Insurance Company, a national provider of auto, homeowners,
condominium, and renters insurance, today announced that the
Commonwealth of Massachusetts’ Department of
Insurance has approved the Company’s rate
filing to decrease its personal auto insurance rates by an average of
3%. This is the second decrease in less than a year. “We are a Massachusetts company and have been
providing auto insurance in the state for over 40 years,”
said Marc A. Meiches, president and chief executive officer of Electric
Insurance Company. “We believe responsible
drivers deserve lower rates, and our filing allows us to offer even
better rates to many more Massachusetts customers. ”
The Company’s lower rates for qualified
individuals are effective December 18, 2008. This is in addition to rate
decreases approved for use on April 1, 2008.
Avalon Healthcare names insurance vet to board
Bizjournals.com, NC
added to its board of directors with the appointment of Kevin Hill, a health insurance industry veteran. Hill is a partner at.
THE FED Go forth and lend, Fed tells banks
MarketWatch
The joint interagency statement released Wednesday was aimed not just at the banks that have received federal investments and loans, but all banking institutions. “Regardless of their participation in particular programs, all banking organizations are expected to adhere to the principles in this statement. ”
The Fed has provided about $1 trillion in short- and medium-term loans to banks, investment banks, brokers, insurance companies and borrowers in the commercial-paper market. The Treasury is beginning to lend out up to $700 billion to financial firms as part of the financial rescue package approved by Congress last month. The Treasury has come under fire from Democratic congressional leaders for not requiring specific lending goals from the banks getting government help. The statement released Wednesday lacks any specific enforcement mechanism, but banks that disregard the regulators’ suggestions could face increased scrutiny and difficulty in gaining regulatory approvals from the Fed and the other regulators.
Syntel Tops List of Health Insurance BPO Providers
MarketWatch
, Nov 12, 2008 (BUSINESS WIRE) –
Syntel, Inc. , a global IT and Knowledge Process Outsourcing (KPO)
company, was named the top-rated BPO provider to the health insurance
industry by The Black Book of Outsourcing. The results were generated by tabulating surveys from over 2,800
insurance executives, who were asked to evaluate providers on 18 Key
Performance Indicators (KPIs). Syntel was also rated among the top 20 BPO providers for the entire
insurance industry. The Company was ranked as providing “overwhelming
satisfaction” on several KPIs, including
support and customer care; trust; client relationship; delivery
excellence; and compensation and employee performance. According to Syntel’s President and Chief
Operating Officer, Keshav Murugesh, the findings reflect Syntel’s
strong focus on customer service and employee satisfaction. “At Syntel, we value our customer
relationships above all,” said Murugesh.
W.Va. man beats health insurer in court over $40
The Associated Press
(AP) — A $40 medical bill might seem small but a West Virginia man says his five-year battle over paying it was a matter of principle. Sam Juniper says his health benefits weren’t supposed to change after he retired in 2000 from M&G Polymers. But he received a $40 bill in 2002 after the company’s new provider, Aetna Insurance, refused to cover the cost of some blood work. He challenged that in Mason County court in 2003 and won every decision all the way to the 4th U. Circuit Court of Appeals in Richmond, Va. The appeals court ruled in his favor on Oct.
Insurance Department Website Criticized
Hartford Courant, United States
–> Text size:. The website lacks price comparisons, financial health ratings of insurers or a link to them, and specific enough information on how to settle claims, the report at.