San Francisco, CA (ContentDesk) April 20, 2006 -- Gulfstream Financial Corporation has announced an agreement with Aspen Management Corporation, the parent company of Aspen Reinsurance Group, Inc. for the distribution of Gulfstream's professional financial liability management services.
We determined that Gulfstreams solution is more sophisticated and more responsible than other approaches to reducing, and even eliminating, consumer debt, said Steve Keltie, Vice-President of Aspen Reinsurance Group. We work with unions and associations who are looking for added value for their members and their dependents. Especially now, with consumer debt reaching alarming levels, we are convinced that Gulfstream is addressing an unmet need for professional liability management, Mr.
He added: The comprehensive features of the Gulfstream design are superior to other approaches weve examined and therefore incorporating this competitive advantage into the ...
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Following on from the tube train and bus bomb attacks in London there was a move from several UK insurance companies to reassure victims that claims would be processed "quickly and sympathetically". This need for reassurance came in light of concerns that many victims of the blasts would not be covered by their existing health and life insurance cover. This would mean that families of the bombing victims could not only lose a relative, but also suffer financial hardship as life insurance companies refuse to pay out on policies.
Life, Axa-PPP and Norwich Union all announced that policy holders would be covered for events on the 7th July. Standard Life said that the company was not looking to "cause more distress" to victims and their families.Reuters have been told that other ...
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Minneapolis, MN February 16, 2005 - John B. Collins Associates, Inc., one of the world's leading reinsurance intermediaries, today announced that John Daum has joined the firm as a Vice President in their New York office. In his new role, Mr. Daum will be responsible for establishing new reinsurance brokerage client relationships as well as serving the needs of existing clients. He brings 25 years of insurance and reinsurance experience to the company. Mr. Daum began his career in London and later joined General Reinsurance Corporation, until 1989 when Mr. Daum joined E.W.
John is an outstanding addition to our New York staff," said Simon Hudson, Senior Vice President and manager of the New York office. "He brings extensive knowledge and industry experience to the service of our property ...
Retrieval. Alschuler joins a growing list of premier firms choosing RealPractice to enhance their ability to access and use existing attorney work product. "Our lawyers wanted better access to our accumulated store of work product," said Ali Shahidi, Director of Information Technology for Alschuler Grossman. "We looked at several leading Knowledge Management solutions. When our attorneys saw RealPractice, there was no question that it was the right choice for us. The company focuses on Work Product Retrieval and has built technology specifically for that purpose, and the results show.
We're pleased that our specialization in this area has been recognized."The RealPractice Work Product Retrieval system is built around a legal-specific categorization and analysis engine that understands legal documents from a lawyers' perspective. It integrates ...
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ContentDesk) April 10, 2006 -- The Homeowner's Consumer Center and its partner the National Mortgage Complaint Center have just released the results of their survey of common mortgage fee overcharges/mortgage lender abuse for 2006. The survey includes mortgage transactions in every state and region of the United States. This survey was compliled as a resource for consumers wondering what mortgage fees are appropriate, and what fees are not.
The top ten areas of overcharging or mortgage borrower abuse are as follows:1. Yield Spread Premiums. By far the most abusive or the most poorly understood mortgage fee in the United States is the "yield spread premium", also called a "YSP". A "yield spread premium" should not be confused with "points" or other fees a mortgage lender might charge a consumer. This ...
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Columbus, OH (ContentDesk) September 14, 2005 -- Virginia Surety Company, Inc. has earned a Financial Stability Rating (FSR) of A' (A prime), Unsurpassed, from Demotech, Inc. This level of FSR is appropriate for insurers who possess unsurpassed ability to maintain liquidity of invested assets, an acceptable level of financial leverage, reasonable loss and loss adjustment expense reserves and realistic pricing.
SRs summarize Demotech's opinion as to the financial stability of an insurer regardless of general economic conditions or the phase of underwriting cycle. FSRs are based upon statutory insurance accounting principles prescribed or permitted by the National Association of Insurance Commissioners (NAIC). For more than a decade, FSRs of A or better have been accepted by the major participants in the secondary mortgage marketplace, including the Fannie ...
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ContentDesk) September 21, 2005 -- This program is designed to alert landlords, property management professionals and real estate agents to recent changes in California landlord and tenant law. The impact of these changes on the eviction process and on the landlord's ability to collect past due rent will be discussed in detail. The program will take a practical approach, beginning with a step-by-step review of the eviction process. There will be a discussion of how the contents of a lease can affect that process. The program will also review the "nuts and bolts" of how to collect rent in court.
Guidance will be offered as to how implementation of proper procedures can significantly reduce the risk of liability in these areas.The program is designed to give landlords, tenants and other real ...
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RepliWeb, Inc., a leader in Enterprise Content Deployment Software Solutions, today announced that OneBeacon Insurance Group of Boston, Mass., has selected RepliWeb's R-1 Distribution Manager to deploy Web content and code updates utilized by its internal Employee Portal and secure Agents Portal.OneBeacon offers specialty and segmented personal and commercial insurance products sold primarily through select independent insurance agents. The Company's Agents Portal provides agencies with access to a broad variety of resources including Web-based policy administration systems for small business and personal insurance; online claims and billing inquiry; agency reports; and online learning. The nature of these businesses mandates real-time updates with guaranteed delivery and rollback capabilities. OneBeacon required a solution that met these criteria, plus stringent security and reporting requirements. "OneBeacon evaluated numerous commercial replication products," ...
Minneapolis, MN (ContentDesk) March 25, 2004 -- John B. Collins Associates, Inc., one of the world's leading reinsurance intermediaries, today announced that Dan Burke, Executive Vice President and Chief Financial Officer and one of the founders of the company, is retiring effective March 29, 2004. The company also announced the appointment of Vibhu Sharma to the position of Executive Vice President and Chief Financial Officer.Mr. Sharma spent 17 years with the international accounting firm of KPMG LLP, most recently as a partner in the Minneapolis Audit and Advisory Services Practice and a member of the National Insurance Practice Leadership team. During his tenure with KPMG, Mr. Sharma assisted clients representing virtually all segments of the insurance market in various capacities, including financial audits, annual and quarterly SEC reporting, public offerings ...
