An Albany, N.Y.-based organization dedicated to advancing the careers of women announced its 2011 industry partners, whose sponsorship shows their dedication to supporting women in insurance and financial services careers, according to the group.
Women in Insurance & Financial Services (WIFS) introduced its Diamond sponsors, who give $50,000 a year: Metropolitan Life Insurance Co. and MassMutual Financial Group.
Platinum sponsors, who give $30,000 a year, include Penn Mutual Life Insurance Co.
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Aon Corp.acquired an Ohio-based benchmarking and best practices researcher provider to insurance companies.
Financial terms for the Chicago-based company’s acquisition of Westfield Financial Corp.and its subsidiary, the Ward Financial Group, from Ohio Farmers Insurance Co. were not disclosed.
Ward provides benchmarking and best practices research studies for insurance companies in North America. Ward will be integrated with Aon’s McLagan Partners, an Aon Hewitt company and a performance/reward consulting and benchmarking firm for the financial services industry.
Ward has executed more than 1,500 benchmarking initiatives for about 350 insurance companies throughout North America, including more than half of all major U.S.
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Mention the phrase “social media” and most people automatically think of Facebook and Twitter. But if you have any dealings in the corporate world–whether you’re a CEO, salesperson, human resource manager, administrative assistant, or anything in between–you’ll want to take a closer look at LinkedIn. You will find it a useful tool to make your business relationships more meaningful and more profitable.
Before you dismiss the idea of using LinkedIn because you only know it as that “bland” social media site where people go when they’re looking for a job, realize that currently there are 90 million LinkedIn users worldwide. One new user joins every second of every day. Full Article…
The National Association of Insurance Commissioners (NAIC) is considering alternatives for acquiring exemption of insurance agent and broker compensation from the medical loss ratio (MLR) implementation in addition to the bipartisan bill.
The NAIC Executive Committee reviewed July 12 a report on a bill before Congress (H.R. 1206), introduced by Reps. Mike Rogers (R- Mich.) and John Barrow (D-Ga.), which would remove agent and broker compensation from the MLR calculation. The report, created by the Health Insurance and Managed Care (B) Committee, was recommended to the NAIC Executive Committee by the Professional Health Insurance Advisors (EX) Task Force June 30.
Health insurance agents and brokers have seen some of their commissions drop by as much as 50% since Jan.
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Cigna is leaving Philadelphia, moving its headquarters to Bloomfield, Conn., where it was enticed with $50 million in state economic benefits.
The company’s ties to Philadelphia, where its headquarters has been located since 1982, date to the 1790s. Making Bloomfield its headquarters “is not expected to materially impact employment or Cigna operations in Philadelphia,” the international health insurer said in a statement.
Speculation about Cigna’s possible move to Connecticut was first reported in the Hartford Courant July 12.
Cigna agreed to add at least 200 jobs in the next two years in Connecticut to earn the $50 million in tax credits from a new Connecticut Department of Economic and Community Development program.
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A Philadelphia-area property-casualty company that writes policies for niche markets nationally has formed a strategic alliance with two Washington, D.C.-based insurance companies.
The deal between Bala Cynwyd, Pa.-based Philadelphia Insurance Cos. and Ullico Casualty Co. and Ullico Casualty Group will enable Philadelphia Insurance to provide surety bonds to contractors, subcontractors and others in the contract and construction markets.
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