As the life expectancy continues to increase, the need for long-term custodial care has become the biggest financial risk today's retirees face. There are ways to protect your lifestyle and the inheritance you leave your children if you act before it's too late.In the 1930's, just over 50% of men in our country lived to the age of 65. Today, those who reach the age of 65 can expect to live another 20 to 30 years. The shear numbers of seniors is rapidly increasing, as well. Currently, there are around 26 million Americans over the age of 65.
U.S. population.That means today's retiree has to be prepared to not only cover normal living expenses for decades after retirement, but increased health care costs as well. The cost of long-term custodial ...
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Marking its fourth anniversary InsurBanc, the trusted and respected full-service financial services provider to the Independent Agency community, continues to expand its capabilities and enhance its services to meet the needs of agents and brokers.InsurBanc is the federal savings bank developed jointly by the Independent Insurance Agents & Brokers of America (IIABA) and the W.R. Berkley Corporation to serve independent agents and brokers as well as their clients. InsurBanc opened April 30, 2001.
InsurBanc has more than $47 million in deposits and $85 million in assets, including the investment of nearly $47 million in agency-related loans. The bank currently has customers in 40 states and expects to reach 50 by year's end, according to Richard W.
InsurBanc Chairman of the Board."It's been a very strong and productive year for ...
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Adeptia Inc., an innovative provider of business process management (BPM) technologies, announced today the release of book of business, agency-carrier interface and claims management solutions for the insurance industry. Adeptia solutions cater to diverse business needs of carriers, brokers, reinsurers as well as their customers. Adeptia solutions offer a complete and cost-effective approach by combining essential elements of workflow, information management, collaboration tools and insurance industry standards.
Adeptia automates all crucial transactionsfrom form submission to policy and endorsement issuance, and from first notice of loss to claims payment. Thus, Adeptia insurance helps enhance agent/broker relationships, improves underwriting quality, and reduces claims processing time as well as cost per claim."Business process management or BPM is the ideal solution to optimize business processes, reduce costs and enhance profitability. By creating an ...
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IFS Jobs, (www.IFSjobs.com) a leading niche employment site serving the insurance and financial services industry, announced today that it has earned a #1 ranking on Yahoo!, the the most recognized and valuable Internet brand globally.
We followed that simple advice and with a lot of hard work and patience we have successfully earned the #1 ranking on Yahoo! for the search term (insurance and financial services jobs). Most people understand that it takes time (usually a lot of time) to rise up the rankings in search engines, so it is quite an accomplishment for this relatively new company to be recognized as a leader so quickly, especially since there are so many organization vying for exposure in this very competitive business segment.
Yahoo.com, type in the words insurance and ...
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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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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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THE MILLION DOLLAR QUESTION A MILLION DOLLAR CASH ADVANTAGE is exactly what a captive might mean to a surgeon at the beginning of a career. For a doctor well into a life's work, the savings that might be achieved by use of a captive could well determine the quality and point of retirement. How much? Without the loss of one penny set aside in loss reserves for the risk of professional liability, captive owners save at least one third or more of their cost for liability insurance. JUST WHAT IS A CAPTIVE?
Captive is a privately held insurance company formed for the sole purpose of providing insurance to that company's owners. A captive is a corporation qualified by governmental authority to operate as an insurance company for limited ...
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Columbus, OH (ContentDesk) September 15, 2005 -- First Community Insurance Company has earned a Financial Stability Rating (FSR) of A, Exceptional from Demotech, Inc. This level of FSR is applicable to insurers possessing exceptional ability to maintain liquidity of invested assets, quality reinsurance, acceptable financial leverage and realistic pricing while simultaneously establishing loss and loss adjustment expense reserves at reasonable levels.
SRs summarize Demotech's opinion as to the financial stability of an insurer regardless of general economic conditions or the phase of the 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 market, including ...
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Columbus, OH (ContentDesk) September 15, 2005 -- Bankers Insurance Company has earned a Financial Stability Rating (FSR) of A, Exceptional from Demotech, Inc. This level of FSR is applicable to insurers who possess exceptional ability to maintain a positive surplus as regards policyholders, maintain liquidity of invested assets, quality reinsurance and acceptable financial leverage.
SRs summarize Demotech's opinion as to the financial stability of an insurer regardless of general economic conditions or the phase of the 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 market, including Fannie Mae, Freddie Mac and HUD.
Florida. Bankers ...
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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.
Beacon 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.
Beacon required a solution that met these criteria, plus stringent security and reporting requirements. "OneBeacon evaluated numerous commercial replication products," ...
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