MMC announces senior management changes
Marsh & McLennan Companies, Inc. (MMC) has announced a number of changes to its senior management team.
The newly created position of group president and chief operating officer has been taken on by Daniel S.
Quarter-Million Dead and Not Counting
After this past weekend of horrific storms and tornadoes, it was clearly appropriate for our elected officials to declare a federal disaster in some areas. With the designation comes some federal money and help for the storm-ravaged areas and residents. Few would quarrel with our government stepping up and stepping in when so many lives and so many livelihoods have been damaged and lost. It is the right thing to do, and some suffering will be mitigated.
Over the past four years since the making of SiCKO, Michael Moore’s 2007 documentary, an estimated 45,000 people each and every year have died simply because they lacked access to healthcare. T
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Caravan Insurance Online Quote
In todays fast-paced world, time really is money. People have less and less time to spare and are looking for quick-fix options in everything they do, not least when theyre searching for caravan insurance. Luckily, the internet has made it quicker and easier than ever before, allowing everyone to get a caravan insurance online quote without having to waste a minute of their time.
Most caravan insurers have an online presence, and many of them will have the option of giving their customers an online quote. But, it isnt always as simple as it first appears. A lot of online insurers have a call back option as a way of offering a quote, and that isnt always going to be the quickest way.
Friends Life appoints investments director
Friends Life has appointed Colin Tipping to the newly-created position of director, unit linked investments.
Mr Tipping joins from BlackRock where he was most recently head of institutional wholesale.
In his new role, he will oversee an existing fund strategy and selection team, reporting into Colin Williams, director of corporate.
Commenting on his appointment, Mr Tipping says: “With the industry on the brink of profound change, it is tremendously exciting to be joining a new company embracing the future.”
He adds: “As workplace savings continue to evolve, I look forward to helping Friends Life develop its investment offering, while making sure in these uncertain times it continues to protect the financial futures of its existing five million customers.”
Friends Life was launched at the end of March, having been formed by consolidator, Resolution, out of the merger of the UK operations of Friends Provident and life assurance businesses acquired from Bupa and AXA UK.
The business currently has over £100 billion of funds under management.
Group takes aim at bill seeking agent commission exemption
A consumer advocacy group attacked a bill before Congress seeking to exempt insurance agent and broker commissions from the medical loss ratios, calling it “special interest legislation.”
Consumer Watchdog said “insurance salespeople,” referring to members of the Independent Insurance Agents & Brokers of America (Big I) holding their annual legislative in Washington, D.C., this week, are lobbying Capitol Hill for a bill “that would gut federal health reform cost-saving rules and increase consumer health insurance premiums to protect brokers’ sales commissions.”
Members of the Big I and other insurance trade groups have been lobbying members of Congress, as well as state insurance regulators and state legislators, to exempt insurance agent and broker commissions from the medical loss ratios, which regulate how much health insurers can spend on non-medical costs, including agent compensation.
A bill before Congress, sponsored by Reps. Mike Rogers (
Obama’s ‘Shared Sacrifice’ Hits the Poor and Middle-Class Hardest
President Obama’s speech unveiling his deficit reduction plan contained few big surprises—by its very premise, it was destined to preserve the faulty assumptions behind the whole deficit discussion—but some of his words were welcome. The president called Social Security and Medicare fundamental American commitments and, in a rebuke to Congressman Paul Ryan, left these entitlement programs largely untouched. He also refused to renew Bush’s tax cuts for the wealthy. It’s a pledge Obama has made—and broken—in the past, but let’s take at face value his sincerity on the matter. (All the better
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