Insurance in the United States

Artists in Nine California Counties Create Original Works to Promote Health for Blue Shield of California Members During COVID-19 Pandemic

Tuesday, August 11, 2020 - 4:00pm

"With this art collaboration, we're stepping outside our 'clinical' engagement with members," said Angie Kalousek, director, Mind-Body Medicine at Blue Shield.

Key Points: 
  • "With this art collaboration, we're stepping outside our 'clinical' engagement with members," said Angie Kalousek, director, Mind-Body Medicine at Blue Shield.
  • Blue Shield of California strives to create a healthcare system worthy of its family and friends that is sustainably affordable.
  • Blue Shield of California is a tax paying, nonprofit, independent member of the Blue Cross Blue Shield Association with over four million members, 6,800 employees and more than $20 billion in annual revenue.
  • The company has contributed more than $500 million to Blue Shield of California Foundation since 2002 to have an impact on California communities.

Virginia's Flood Insurance Marketplace Expands with New Private Coverage Offerings from Wright National Flood Insurance Services

Monday, August 10, 2020 - 5:00pm

Hiscox FloodPlus meets specific needs in flood coverage by featuring, among other things, higher limits, broader coverage for personal property, and a simpler definition of what constitutes a flood than policies provided by other national flood insurance programs.

Key Points: 
  • Hiscox FloodPlus meets specific needs in flood coverage by featuring, among other things, higher limits, broader coverage for personal property, and a simpler definition of what constitutes a flood than policies provided by other national flood insurance programs.
  • To learn more about private flood insurance, find a Wright agent, or become a Wright partner agency, please visit http://www.wrightflood.com .
  • About Wright National Flood Insurance Services, LLC
    Wright National Flood Insurance Services, LLC (WNFIS) provides private flood insurance products in 12 states with plans to continue expansion, building out the flood insurance marketplace.
  • Contact Wright National Flood Insurance Services, LLC, at 1-866-373-5663 for more information.

Harper Capital Closes Five HUD-insured Loans in July Totaling $60+ Million

Monday, August 10, 2020 - 4:19pm

Harper Capital, a leading lender specializing in HUD-insured loans, today announced the successful closings of five HUD-insured refinances in July totaling $64 million.

Key Points: 
  • Harper Capital, a leading lender specializing in HUD-insured loans, today announced the successful closings of five HUD-insured refinances in July totaling $64 million.
  • Jason Langer, Harper Capital vice president, identified this opportunity for the borrower.
  • The transaction enabled the borrower to lock in a historically low interest rate, fixed for the 40-year, fully-amortizing loan term.
  • Harper Capital helped the project receive green certification, which reduced the Mortgage Insurance Premium (MIP) rate to HUDs 25 basis-point minimum.

UMOS Receives Nearly $100,000 from Anthem Blue Cross and Blue Shield Foundation to Support COVID-19 Response

Thursday, August 6, 2020 - 12:30pm

The Anthem Blue Cross and Blue Shield Foundation announced today a donation of nearly $100,000 to the nonprofit UMOS to support ongoing efforts related to COVID-19.

Key Points: 
  • The Anthem Blue Cross and Blue Shield Foundation announced today a donation of nearly $100,000 to the nonprofit UMOS to support ongoing efforts related to COVID-19.
  • Through charitable grant making, the Anthem Blue Cross and Blue Shield Foundation LLC, an independent licensee of the Blue Cross and Blue Shield Association, promotes Anthems inherent commitment to improving lives and communities.
  • The Blue Cross and Blue Shield names and symbols are registered marks of the Blue Cross and Blue Shield Association.
  • To learn more about the Anthem Blue Cross and Blue Shield Foundation, please visit http://www.anthem.foundation and its blog at https://medium.com/anthemfoundation .

Fortify Children’s Health and Anthem HealthKeepers Plus Announce New Partnership to Put Patients at the Center of the Health Care System

Wednesday, August 5, 2020 - 3:00pm

Fortify Childrens Health, LLC and Anthem HealthKeepers Plus, Anthem Blue Cross and Blue Shield in Virginias Medicaid plan, have announced a new partnership to bring value-based health care to more than 25,000 of Anthems pediatric Medicaid members across the Commonwealth of Virginia.

Key Points: 
  • Fortify Childrens Health, LLC and Anthem HealthKeepers Plus, Anthem Blue Cross and Blue Shield in Virginias Medicaid plan, have announced a new partnership to bring value-based health care to more than 25,000 of Anthems pediatric Medicaid members across the Commonwealth of Virginia.
  • The value-based agreement reflects a national health care shift toward a more coordinated model that emphasizes quality and better patient care experiences.
  • Fortify Childrens Health is Virginias first clinically integrated network (CIN) dedicated to children and the clinicians who care for them.
  • Anthem Blue Cross and Blue Shield and its affiliate HealthKeepers, Inc. are independent licensees of the Blue Cross Blue Shield Association.

Signal Advisors Launches First-Ever Platform To Pay Annuity Commissions In One Day

Tuesday, August 4, 2020 - 1:30pm

Signal Advisors sampled annuity applications from four major carriers that were issued between September 2019 through July 2020.

Key Points: 
  • Signal Advisors sampled annuity applications from four major carriers that were issued between September 2019 through July 2020.
  • Signal Advisors found that, before the domestic outbreak of COVID-19, the average time from application submission to paid commission for advisors was 33 days.
  • Signal Advisors pays annuity commissions within one day of application submission, at no cost.
  • Advisors who would like to try the Signal platform at no risk are invited to take the Signal Challenge.

Best’s Special Report: For U.S. Insurers, Decade of Low Interest Rates Marked by Different Impact Severity, Strategies

Tuesday, August 4, 2020 - 1:30pm

An AM Best analysis of U.S. life/annuity companies investment strategies amid the past decade of low interest rates found that the number of companies considered non-interest-sensitive more than doubled those deemed interest-sensitive.

Key Points: 
  • An AM Best analysis of U.S. life/annuity companies investment strategies amid the past decade of low interest rates found that the number of companies considered non-interest-sensitive more than doubled those deemed interest-sensitive.
  • The low interest rates continue to hamper the life/annuity (L/A) industry, and with the COVID-19 pandemic impact, the trend is likely to exacerbate.
  • In a new Bests Special Report, Interest Rates: Different Impact Severity, Different Strategies, AM Best notes that insurers have been strategically de-risking their product portfolios for some time to counter the impacts on spread compression and earnings volatility.
  • Strategies have included exiting, re-pricing or de-emphasizing certain business lines, particularly those that are interest-sensitive.

Morgan Stanley Launches Property & Casualty Insurance for High Net Worth Clients

Monday, August 3, 2020 - 7:00pm

Morgan Stanley today announced that it has teamed up with industry-leading insurance brokers HUB International, Marsh Private Client Services, and Willis Towers Watson to offer Property & Casualty (P&C) insurance.

Key Points: 
  • Morgan Stanley today announced that it has teamed up with industry-leading insurance brokers HUB International, Marsh Private Client Services, and Willis Towers Watson to offer Property & Casualty (P&C) insurance.
  • P&C insurance will be available for Morgan Stanleys high net worth clients and their families to mitigate potential risks associated with property loss and general liability, and is an expansion of its current suite of insurance offerings.
  • Our clients place a high priority on asset protection and by working with these industry-leading insurance brokers, Morgan Stanley can address their need for a comprehensive insurance strategy as part of their overall relationship, said Joseph Toledano, Head of Insured Solutions, Morgan Stanley Wealth Management Investment Solutions.
  • In addition, through this arrangement, Morgan Stanley clients will now have access to the following personal and commercial insurance lines such as:
    Morgan Stanleys P&C insurance platform offering complements the suite of traditional insurance solutions that includes life insurance, long-term care insurance and disability insurance currently available through the Firms Wealth Management Investment Solutions Insured Solutions business.

Anthem Blue Cross and Blue Shield and Yale New Haven Health System Reach a New Multi-Year Agreement

Friday, July 31, 2020 - 9:35pm

Anthem Blue Cross and Blue Shield and Yale New Haven Health System announced today that they have reached a new multi-year agreement that will maintain Yale New Haven Health Systems physicians and hospitals in Anthems network.

Key Points: 
  • Anthem Blue Cross and Blue Shield and Yale New Haven Health System announced today that they have reached a new multi-year agreement that will maintain Yale New Haven Health Systems physicians and hospitals in Anthems network.
  • We value our partnership with Yale as we work together to tackle the COVID-19 pandemic and improve lives and communities here in Connecticut, said Jill Hummel, President of Anthem Blue Cross and Blue Shield in Connecticut.
  • Anthem Blue Cross and Blue Shield is the trade name of Anthem Health Plans, Inc.
  • Anthem is a registered trademark of Anthem Insurance Companies, Inc. Additional information about Anthem Blue Cross and Blue Shield in Connecticut is available at www.anthem.com .

Timothy R. Slater Joins the National Insurance Crime Bureau as Chief Operating Officer

Thursday, July 30, 2020 - 3:50pm

DES PLAINES, Ill., July 30, 2020 /PRNewswire/ -- Timothy R. Slater joins the National Insurance Crime Bureau (NICB) as the association's new Chief Operating Officer.

Key Points: 
  • DES PLAINES, Ill., July 30, 2020 /PRNewswire/ -- Timothy R. Slater joins the National Insurance Crime Bureau (NICB) as the association's new Chief Operating Officer.
  • Slater began his career in the Detroit and Miami Divisions.
  • The NICB is supported by more than 1,400 property and casualty insurance companies and self-insured organizations.
  • NICB member companies wrote more than $526 billion in insurance premiums in 2019, or more than 82% of the nation's property-casualty insurance.