Insurance in the United States

J.D. Power Names Blue Cross Blue Shield of Massachusetts No. 1 Health Plan in State For Fifth Consecutive Year

Retrieved on: 
Thursday, May 27, 2021
Health maintenance organizations, Blue Cross Blue Shield Association, Insurance in the United States, Insurance companies, Health care

BOSTON, May 27, 2021 /PRNewswire/ --For the fifth year in a row, Blue Cross Blue Shield ofMassachusetts has been named the top health plan inMassachusettsfor member satisfaction by J.D.

Key Points: 
  • BOSTON, May 27, 2021 /PRNewswire/ --For the fifth year in a row, Blue Cross Blue Shield ofMassachusetts has been named the top health plan inMassachusettsfor member satisfaction by J.D.
  • Power 2021 U.S. Commercial Member Health Plan StudySM measures member satisfaction in 22 regions throughouttheUnited States.
  • Power results for the region are based on responses from 997 commercial health plan members from five health plans acrossMassachusetts.
  • Blue Cross Blue Shield ofMassachusetts( http://www.bluecrossma.org ) is a community-focused, tax-paying, not-for-profit health plan headquartered inBoston.

Chicago City Council Votes To Approve Tighter Towing Regulations

Retrieved on: 
Thursday, May 27, 2021
Trucks, Transport, Crime, Human activities, Insurance fraud, Insurance in the United States, Law enforcement in the United States, National Insurance Crime Bureau, Towing, Insurance, Ordinance, Chicago

DES PLAINES, Ill., May 26, 2021 /PRNewswire/ -- The National Insurance Crime Bureau is pleased to announce the passage of changes to the city ordinance requiring additional licensing to improve towing safety by the Chicago City Council in a vote held earlier today.

Key Points: 
  • DES PLAINES, Ill., May 26, 2021 /PRNewswire/ -- The National Insurance Crime Bureau is pleased to announce the passage of changes to the city ordinance requiring additional licensing to improve towing safety by the Chicago City Council in a vote held earlier today.
  • "We are grateful the Chicago City Council voted and passed these changes to the ordinance ultimately safeguarding Chicagoans from years of unsafe and unscrupulous towing service practices," said Tim Lynch, senior director of government affairs with the National Insurance Crime Bureau.
  • According to data received by members of the National Insurance Crime Bureau, Chicago ranks as the second most affected major city in the nation for towing abuse.
  • The city of Philadelphia implemented towing regulations which ultimately safeguarded tow customers and reduced the potential for insurance fraud.

Blue Cross Blue Shield of Massachusetts Expedites Access to Care for Members in Louisiana, Mississippi, Texas and Kansas Affected by Severe Weather

Retrieved on: 
Tuesday, May 25, 2021
Health maintenance organizations, Insurance in the United States, Health insurance in the United States, Blue Cross Blue Shield Association, Healthcare in the United States, Health care, Blue Cross Blue Shield of Massachusetts, Canadian Association of Blue Cross Plans

Blue Cross Blue Shield of Massachusetts (Blue Cross), Inc. is expediting access to care for members who may be affected.

Key Points: 
  • Blue Cross Blue Shield of Massachusetts (Blue Cross), Inc. is expediting access to care for members who may be affected.
  • Blue Cross has more than 4,500 members living in areas where states of emergency have been declared in Louisiana, Mississippi, Texas and Kansas.
  • The health plan is working to ensure those members can access health services and medications quickly and in locations convenient to them.
  • Blue Cross Blue Shield of Massachusetts ( bluecrossma.org ) is a community-focused, tax-paying, not-for-profit health plan headquartered in Boston.

DALBAR Study Shows Annuities Improve Investor Behavior

Retrieved on: 
Tuesday, May 25, 2021
Finance, Money, Annuities, Economy, Actuarial science, Insurance in the United States, United States contract law, Behavioral finance, Life annuity, Investor, Behavioral economics

MARLBOROUGH, Mass., May 25, 2021 /PRNewswire/ -- DALBAR, Inc., the nation's leading researcher on investor behavior, recently found that variable annuity subaccount investors exhibit less destructive behavioral tendencies and have consistently earned more money than the average investor.

Key Points: 
  • MARLBOROUGH, Mass., May 25, 2021 /PRNewswire/ -- DALBAR, Inc., the nation's leading researcher on investor behavior, recently found that variable annuity subaccount investors exhibit less destructive behavioral tendencies and have consistently earned more money than the average investor.
  • DALBARused average investor data it has been computing for the industry since 1994 as the basis of its comparison.
  • DALBAR will be hosting a complimentary webinar on Wednesday, June 2, 2021 , to summarize the study, provide details on the results and field questions.
  • The Report, entitled, "Quantitative Analysis of Investor Behavior Variable Annuities" (QAIB-VA) is available from DALBAR by visiting the QAIB Store at www.QAIB.com , calling 617-723-6400 or emailing [email protected] .

Greystone Provides $35 Million in HUD-Insured Financing for Skilled Nursing Facility Portfolio in Wisconsin

Retrieved on: 
Tuesday, May 25, 2021
Finance, Mortgage industry of the United States, Money, FHA insured loan, Federal assistance in the United States, Insurance in the United States, Loans, United States Department of Housing and Urban Development, Financial services, Greystone

The loans were originated by Fred Levine, a Managing Director of Greystone.

Key Points: 
  • The loans were originated by Fred Levine, a Managing Director of Greystone.
  • Each of the non-recourse, permanent FHA loans carries a low, fixed interest rate and 30-year term and amortization.
  • We work diligently to bring our clients successfully to the HUD 232 program the gold standard in skilled nursing home financing, said Mr. Levine.
  • Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates.

Secure Act Boosts Interest in Guaranteed Lifetime Income Among Plan Sponsors

Retrieved on: 
Tuesday, May 25, 2021
Annuities, Actuarial science, Finance, Money, Retirement, Economy, Insurance in the United States, United States contract law, Pension, Life annuity

"However, there is a surging interest in guaranteed lifetime income in retirement one that continues to trend upwards as both plan sponsors and participants view retirement savings as more than just an accumulation vehicle for getting to retirement and an opportunity for plan sponsors to familiarize themselves with available in-plan guaranteed lifetime income options and SECURE Act provisions ahead of further retirement legislation likely to come later this year."

Key Points: 
  • "However, there is a surging interest in guaranteed lifetime income in retirement one that continues to trend upwards as both plan sponsors and participants view retirement savings as more than just an accumulation vehicle for getting to retirement and an opportunity for plan sponsors to familiarize themselves with available in-plan guaranteed lifetime income options and SECURE Act provisions ahead of further retirement legislation likely to come later this year."
  • Plan sponsors who currently offer access to secure, guaranteed lifetime income consider them highly valuable for employees (86 percent), and 71 percent think the average employee would be interested in a lifetime income annuity.
  • As interest in guaranteed lifetime income grows, plan sponsors should revisit SECURE Act provisions and plan designs.
  • Lifetime Income Disclosures: A large majority (87 percent) of plan sponsors believe an annual lifetime income disclosure is a good idea, and 77 percent believe that it will increase employee interest in acquiring in-plan guaranteed lifetime income.

FireLight® and RightBRIDGE® Annuity Wizard Integrate Providing Seamless Annuity Research to Application Sales Experiences

Retrieved on: 
Tuesday, May 25, 2021
Professional services, Data management, Technology, Insurance, Software, Finance, Banking, Annuities, Actuarial science, Finance, Money, Insurance in the United States, United States contract law, Insurance, Life annuity, CapitalRock, Farmers Financial Solutions, Insurance Technologies, CAPITALROCK, FARMERS FINANCIAL SOLUTIONS, INSURANCE TECHNOLOGIES

This integration offers an enhanced suitable sales experience from research to application for advisors and their clients.

Key Points: 
  • This integration offers an enhanced suitable sales experience from research to application for advisors and their clients.
  • RightBRIDGE Annuity Wizard helps advisors determine which products are best suited to their clients needs, objectives, and preferences.
  • Within the RightBRIDGE Annuity Wizard, once an advisor has selected their product, they can flow directly into FireLight, where an application is created with client and product data prefilled into the application.
  • FireLight e-Application, a sales component of the FireLight Sales Platform, is a multi-carrier, uniquely flexible electronic application, order entry sales solution that manages the application data collection and submission process, generating in-good-order business processing.

AAFMAA Mortgage Services Launches ‘Construction Advantage One Loan℠’ to Support Military Homebuyers

Retrieved on: 
Tuesday, May 25, 2021
Professional services, Defense, Residential Building & Real Estate, Finance, Construction & Property, Banking, Other Defense, Loans, Mortgage loan, Mortgage industry of the United States, Insurance in the United States, AAFMAA Mortgage Services LLC (AMS), NAIBRS, BuildZoom, AAFMAA MORTGAGE SERVICES LLC (AMS), NAIBRS, BUILDZOOM

Construction Advantage One Loan locks in the mortgage rate during the loan qualification stage and prior to beginning construction for the home.

Key Points: 
  • Construction Advantage One Loan locks in the mortgage rate during the loan qualification stage and prior to beginning construction for the home.
  • He added, Our new Construction Advantage One Loan enables military homebuyers to take advantage of today's low rates now while building their dream homes.
  • We are excited to be working with our partners to drive community support for the military homebuyer segment."
  • AAFMAA Mortgages Services LLC (AMS) is a wholly-owned subsidiary of AAFMAA , the longest-standing not-for-profit, member-owned association of military families.

With the Goal of Growing its VA Business & Providing Clients with New Income and Investment Protection Options Delaware Life Launches Innovative Variable Annuity with Riders

Retrieved on: 
Tuesday, May 25, 2021
Annuities, Actuarial science, Finance, Money, Retirement, Economy, Insurance in the United States, United States contract law, Life annuity, Option

Among the choices offered is the industry's first Guaranteed Market Protection Benefit (GMPB) rider in a variable annuity.

Key Points: 
  • Among the choices offered is the industry's first Guaranteed Market Protection Benefit (GMPB) rider in a variable annuity.
  • "We have developed Accelerator Prime to provide financial professionals with a versatile and flexible solution to meet their clients' income and protection needs."
  • The Income Control GLWB rider offers higher income guarantees through a 7% bonus rate, attractive annual income factors, and unrestricted access to 25 investment fund options.
  • The applicable prospectuses for this Delaware Life Accelerator PrimeSMVariable Annuityand its underlying investment fund options contain thisand other important information.

Coventry Tops League Tables for Life Settlements in 2020

Retrieved on: 
Thursday, May 20, 2021
Publishing, Consulting, Communications, Professional services, Insurance, Finance, Money, Economy, Insurance in the United States, Investment, Life settlement, Insurance, Life insurance, Coventry, ING Group, Private equity secondary market, Publishing, Consulting, Communications, Professional services, Insurance, Finance, Money, Economy, Insurance in the United States, Investment, Life settlement, Insurance, Life insurance, Coventry, ING Group, Private equity secondary market

b'Financial publication The Deal announced today that Coventry once again ranked first for life settlements by number and value in 2020.

Key Points: 
  • b'Financial publication The Deal announced today that Coventry once again ranked first for life settlements by number and value in 2020.
  • The league tables published by The Deal are a comprehensive review of secondary market life settlement transactions.
  • In 1998, Coventry created the secondary market for life insurance, coining the term \xe2\x80\x9clife settlement\xe2\x80\x9d to describe the transaction that enables policyowners to sell their unneeded life insurance policies.
  • Since then, Coventry has completed more than $40 billion in longevity-linked transactions.\nToday, Coventry continues to drive the industry forward by educating policyowners about the value of their life insurance policies.