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Daily NewsFlash : January 14, 2013

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Monday, January 14, 2013

President Obama Signs Medicare Secondary Payer Reforms Into Law

Medicare reformPresident Barack Obama handed the U.S. insurance industry a victory by signing legislation designed to make the Medicare Secondary Payer system more efficient. Industry trade groups came out in support of the Medicare IVIG Access and Strengthening Medicare and Repaying Taxpayers...

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NY Appeals Court Rules in Aon's Favor in Alleged Broker Poaching Case

AonA New York appellate court has ruled in favor of Aon Risk Services in an ongoing dispute over a former Aon broker who left to join Alliant Insurance Services.

The New York appellate court affirmed an injunction against former Aon broker Peter Arkley prohibiting him from violating the non-compete provisions in his agr...

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MetLife Completes Sale of Online Banking Operation to GE


MetLifeMetLife Inc. on Monday said it completed the sale of its online-banking operation to General Electric Co. more than a year after first disclosing the deal, and began taking steps to surrender its status as a...

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Federal Judge Approves Medical Portion of $7.8 Billion BP Settlement

BP SettlementA federal judge in New Orleans has granted final approval to the medical-benefits portion of BP PLC's (BP, BP.LN) $7.8 billion settlement to resolve claims related to the Gulf of Mexico oil spill in 2010.


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Individual Health Premiums to Shoot Up Under Affordable Care Act

Obama care and rising healthcare costsHealth insurance premiums have been rising-and consumers will experience another series of price shocks later this year when some see their premiums skyrocket thanks to t...

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Trinity Underwriting Managers Names Stephen Standing Senior Vice President

TUMITrinity Underwriting Managers, Inc. (TUMI), one of the nation's premier special program management firms specializing in the transportation industry, welcomes Stephen Standing to the firm as senior vice president.

Standing has sp...

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Willis Appoints David Martin as Chairman and CEO of UK Retail Business

WillisWillis Group Holdings, the global insurance broker, announced today the appointment of David Martin as Chairman and CEO of its UK retail business, effective January 21, subject to FSA approval. The appointment of Martin to the senior post completes the restructure of Willis International’s leadership under Internat...

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