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Subject: INSURANCE NEWSCAST "Headlines Only Edition" for: Friday, 10/27/06
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INSURANCE NEWSCAST can be read online at www.insurancebroadcasting.com INSURANCE NEWSCAST "Headlines Only Edition" for: Friday, 10/27/06 Here is a quick look at the stories that will be in Friday's INSURANCE NEWSCAST.
1) Insurance Marketing Podcast Focuses on Marketing to Employers Through Brokers with Ric Ritter of MetLife - OLDWICK, N.J., Oct. 25, 2006?The latest edition of ?The Insurance Marketing and Advertising Podcast? features a conversation with MetLife Vice President of Institutional Business Ric Ritter, on how MetLife is leveraging the broker channel to build its employer-based business.
2) Conning Research Projects Accelerating Life Industry Premium Growth, Record Operating Gains, and Continued Surplus Growth Through 2008 - HARTFORD, Conn., Oct. 26 /PRNewswire/ -- The life insurance industry accelerated its rapid profit growth in 2005 with statutory net operating gains of $32.8 billion in 2005, according to the latest analysis for the life-health insurance industry from Conning Research and Consulting, Inc.
3) CIGNA HealthCare Expands Voluntary Product Portfolio - Fundamental Care to Bridge the Gap Between Limited-Benefit and Traditional Major Medical Plans -- PHOENIX, Oct. 25, 2006 /PRNewswire-FirstCall/ -- CIGNA HealthCare today announced the availability of Fundamental Care, a plan that will give employers the ability to provide substantial benefits to employees who are ineligible for or do not have access to traditional major medical coverage. Companies can offer Fundamental Care to all employees as the core medical plan; to a selected class of employee within the entire population; or to employees during their service waiting period until they are eligible for the company-sponsored major medical plan.
4) The New Voluntary Distributors Report is Now Available! - AVON, CONNECTICUT--(BUSINESS WIRE)--Many years ago, most of the voluntary sales were made by either producers who were agents for a worksite company or brokers who specialized in worksite. But that?s not the case today.
5) PODHURST ORSECK FILES LAWSUIT AGAINST AIRBUS LEASING AND SIBERIA AIRLINES ON BEHALF OF AIRLINE CRASH VICTIMS - Attorney Says Exposure to Insurers Could Top $300 Million -- NEW YORK ? October 26, 2006 ? Steven C. Marks, one of the nation?s leading aviation litigation attorneys with the Podhurst Orseck law firm, has filed a lawsuit against Airbus Leasing II, Inc., with operations in Virginia, and Siberia Airlines, now doing business as
6) Greenspan says dollar now sharing stage with euro - Thu Oct 26, 2006 10:49am ET - WASHINGTON (Reuters) - Former Federal Reserve Chairman Alan Greenspan said on Thursday that both private investors and central banks were shifting away from the U.S. dollar and toward the euro.
7) Greenspan says economy escaping housing woes - Thu Oct 26, 2006 9:51am ET By Alister Bull -- WASHINGTON (Reuters) - Former Federal Reserve Chairman Alan Greenspan said on Thursday the U.S. economy was pulling away from the shoals of a sharp housing-sector downturn and that the outlook for growth was "reasonably good."
8) Unanimous Vote Awards Mr. O'Connell Approximately $50 Million in Salary and Benefits and Directs MassMutual to Pay All Mr. O'Connell's Legal Fees - BOSTON, Oct. 20 /PRNewswire/ -- A three-member panel of arbitrators has ruled that MassMutual Insurance Company unjustly terminated former chairman, president, and CEO Robert J. O'Connell for cause and awarded him all the benefits he was entitled to in his employment agreement. The panel rejected each of the company's charges against Mr. O'Connell.
9) Pandemic Flu, Access to Health Care, Emergency Preparedness, Disparities Among Top Public Health Concerns - 13,000 Experts to Address Leading Issues and Health as a Human Right at APHA Annual Meeting, Nov. 4 to 8, in Boston - 10/26/2006 11:45:00 AM - Contact: Sabrina Jones, sabrina.jones@apha.org or 202-777-2509, or Olivia Chang, olivia.chang@apha.org or 202-777-2511, both of the American Public Health Association
10) I-Marketing Management Launches Search Engine Optimization Service for Independent Agents - SPRINGFIELD, VA (Oct. 26, 2006)?I-Marketing Management has launched a search engine optimization service that will help improve the placement of agency and broker Web sites on popular online search engines such as Google and Yahoo, said Laurie Donohue, executive director of I-Marketing Management, a van Aartrijk Group partner.
11) COMMERCIAL INSURANCE RATES CONTINUE TO FALL WHILE INSURER PROFITS SKYROCKET TO RECORD LEVELS - NEW YORK ? The latest industry data provide continuing evidence that the skyrocketing insurance rates of 2000 to 2003 have led to record industry profits but commercial insurance rates have stabilized or dropped in almost every sector, including medical malpractice. According to J. Robert Hunter, Director of Insurance for the Consumer Federation of America, co-founder of Americans for Insurance Reform and former Texas Insurance Commissioner and Federal Insurance Administrator, ?this drop in prices has been underway for three years as the country experiences a sustained soft market.?
12) LIFE INSURANCE NEEDS CONTINUE EVEN AFTER THE KIDS ARE GROWN, SAYS THE INSURANCE INFORMATION INSTITUTE - Term Life Rates for Those in Their 40?s and 50?s Lowest in a Decade -- NEW YORK, October 25, 2006 ? Couples who believe they no longer need life insurance after their youngest child reaches his or her 18th birthday could leave their family vulnerable to serious financial problems, especially if the sole income-earning parent dies.
13) Access Insurance Launches Skywire Software's InsBridge - Non-standard Auto Insurer Chooses Best-of-Breed Rating System to Support Complex Rates -- FRISCO, TEX - October 25, 2006 - Skywire Software announced Access Insurance Company ("Access"), a division of Access Insurance Holdings, implemented the InsBridge rating, rules and underwriting system. The insurer is using InsBridge to create, deploy, and manage its complex rates for its Personal Auto line of business.
14) KEYNOTE ADDRESS HIGHLIGHTS IAIS ACHIEVEMENTS AND CHALLENGES - NAIC President Delivers Featured Speech at 13th Annual IAIS Conference -- KANSAS CITY, Mo. (Oct. 25, 2006) ? National Association of Insurance Commissioners (NAIC) President and Maine Insurance Superintendent Alessandro Iuppa delivered a keynote address at the 13th Annual International Association of Insurance Supervisors (IAIS) Conference in Beijing.
15) Insurer FM Global to Offer 'Time Element Select(TM),' Enabling Clients to Choose After a Loss the Best Type of Coverage - JOHNSTON, R.I., Oct. 25 /PRNewswire/ -- Commercial and industrial property insurer FM Global soon will offer its policyholders a new coverage option that enables them to choose the type of business interruption coverage best suited to their needs -- after a loss occurs and up to the time of a claims settlement rather than at policy inception. The policy enhancement, called "Time Element Select(TM)," will give clients the choice of a gross earnings or gross profit loss adjustment, whichever outcome proves most beneficial to the client. The option will be available to new and existing clients with policies written on or after Jan. 1, 2007.
16) Seeing is Believing: Swiss Re Shares Practical Expertise with Risk Managers Tests at Underwriters Laboratories Simulate Warehouse Fire, Hurricane - NORTHBROOK, IL, October 25, 2006 ? Five alarm fires and gale force winds? -- Just another day at the Underwriters Laboratories (UL) testing facilities.
17) M Financial Group Welcomes BryanMark Financial Group, Inc. to Network of Member Firms - PORTLAND, OR, OCTOBER 25, 2006 - M Financial Group today announced that BryanMark Financial Group, Inc. ("BryanMark") has become a Provisional Member Firm. BryanMark, based in St. Louis, Missouri, is a specialized financial planning firm offering private wealth transfer, executive compensation, and business succession planning services to the corporate and affluent markets.
18) Sun Life Financial and M Financial Extend Partnership to Include Group Products - WELLESLEY, Mass., [October 25, 2006] ? The U.S. division of Sun Life Financial (NYSE: SLF, TSX: SLF) and M Financial Group (?M Financial?) today announced they are extending their relationship to include Sun Life Financial?s complete group product portfolio. Last February, the two organizations announced an agreement to offer Sun Life Financial?s life insurance and annuity products and services to M Financial?s Member Firms.
19) AMS Services Now the Preferred Solutions Provider for Smart Choice - AMS SETWrite Chosen as Top Multiple-Carrier Rating System -- BOTHELL, Wash.--(BUSINESS WIRE)--AMS Services, a leading provider of software solutions for the insurance industry, today announced that Smart Choice® chose AMS SETWrite? as its real-time, multiple-carrier rating solution for its network of more than 2,200 independent agents across 25 states.
20) INSURANCE NEWSCAST ?Pictures Of The Day?
21) IFAs Still Dominate the Life & Pensions Distribution Market in the UK but Bancassurers Have Gained Market Share - DUBLIN, Ireland--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/reports/c44094) has announced the addition of UK Bancassurance 2006 to their offering.
22) CIGNA Behavioral Health to Offer Free Support Consultations for Veterans and Their Families - November 6-10 Veterans Awareness Week - EDEN PRAIRIE, Minn., Oct. 26, 2006 /PRNewswire/ -- In the next six months, thousands of American men and women will return home from the war zones of Iraq and Afghanistan as their tours of duty end. To assist in their transition, CIGNA Behavioral Health (CBH) announced today that its trained behavioral health and employee assistance professionals will offer their assistance without charge via a toll-free "Returning Veterans Support Line" to all veterans during Veteran's Awareness Week, which is Nov. 6-10.
23) Trick-or-Treaters are at Higher Risk on Halloween, Says AAA Michigan - DEARBORN, Mich., Oct. 26 /PRNewswire/ -- Halloween is an exciting time of year for many young people, but it also holds its share of hidden dangers. AAA Michigan reminds parents and caregivers to take extra precautions if their children will be trick-or-treating on neighborhood streets.
24) Northwestern Mutual Unveils New Website for the Media; www.northwesternmutualnews.com - MILWAUKEE, Oct. 25 /PRNewswire/ -- Northwestern Mutual has successfully launched its new media and news resources section of its website, ( http://www.northwesternmutualnews.com ). Journalists seeking background information or sources for stories can access the information easily in the new section, titled the Northwestern Mutual Newsroom, which was designed to meet their needs quickly and efficiently.
25) Insurer FM Global to Offer 'Time Element Select(TM),' Enabling Clients to Choose After a Loss the Best Type of Coverage - JOHNSTON, R.I., Oct. 25 /PRNewswire/ -- Commercial and industrial property insurer FM Global soon will offer its policyholders a new coverage option that enables them to choose the type of business interruption coverage best suited to their needs -- after a loss occurs and up to the time of a claims settlement rather than at policy inception. The policy enhancement, called "Time Element Select(TM)," will give clients the choice of a gross earnings or gross profit loss adjustment, whichever outcome proves most beneficial to the client. The option will be available to new and existing clients with policies written on or after Jan. 1, 2007.
INSURANCE NEWSCAST
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