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21st Century Chooses IPS for Improving Printed Customer Communications
BOULDER, Colo.--(BUSINESS WIRE)--21st Century Insurance Group has implemented an end-to-end document workflow management solution from InfoPrint Solutions Company. (IPS), the new joint venture between IBM and Ricoh. Based on the IPS InfoPrint Workflow (IPW) offering, the solution has significantly improved printed customer communications integrity by tracking each individual mailpiece through the complete print/mail process and providing the automated reprint of any documents lost or damaged during inserting. Additionally, by helping to replace cut-sheet printers with high-speed continuous forms printers and outdated inserters with new file-based inserters, it has reduced print run times by 75% while automating the tracking and reporting of each step of the entire operation.
21st Century Holding Company Appoints Peter J. Prygelski as CFO ...
LAUDERDALE LAKES, Fla.--(BUSINESS WIRE)--June 19, 2007--21st Century Holding Company (Nasdaq:TCHC), an insurance holding company, announced today that Peter J. Prygelski has been appointed by its Board of Directors to serve as the Company's Chief Financial Officer ("CFO") and that Anthony C. Krayer, III has been appointed to its Board of Directors. Mr. Prygelski has most recently served on the Company's Board of Directors, as well as Chairman of its Audit Committee. He will assume his new duties as CFO effective June 25, 2007 and has tendered his resignation from the Company's Board of Directors, Audit Committee, Investment Committee and Independent Directors Committee to be effective as of June 25, 2007. J. Gordon Jennings III, the Company's former CFO, will serve as the Company's Chief Accounting Officer and will report to Mr.
Home run power: Venture Investors providing major league returns
The Madison-based venture capital firm and the Milwaukee Brewers first baseman both are hitting home runs at a startling pace and seemingly have potential for years of continued success. In venture investing, a "home run" is an investment that returns far more than was put in. Like baseball power hitters, early stage investors hope to hit enough home runs to more than make up for the inevitable strikeouts. Venture Investors has enjoyed two prodigious home runs in just the last two months: the initial public offering of stock by Madison-based TomoTherapy and the acquisition of Madison-based NimbleGen Systems by Swiss Pharmaceutical giant Roche, heading off NimbleGen's pending IPO. Venture Investors made about $140 million just on TomoTherapy's IPO, with about $65 million going to its Early Stage Fund III, which started with $37 million in commitments.
UM hospitals lead state in rankings
The University of Michigan Hospitals and Health Centers led Michigan hospitals in rankings released annually by U.S. News & World Report, placing 14th overall and fourth among facilities associated with public universities. It was the only Michigan hospital to rate in the top 18 hospitals nationwide. U-M ranked sixth for ear, nose and throat specialists; 12th for geriatrics; 13th for rehabilitation medicine; 14th for endocrinology, rheumatology and autoimmune diseases; 15th for urology and digestive disorders, and 16th for eye diseases. Its cancer program ranked 21st, cardiology, 22nd. The ratings are at www.usnews.com. RECALL: Toxin may be in DentFresh toothpaste .
Allied Bank Signs Deal To Hike Stake In New York Life
Beer and tobacco tycoon Lucio Tan, through his banking unit Allied Banking Corp., has signed a definitive agreement to acquire controlling interest in insurance company New York Life Insurance Philippines Inc. Allied Bank in a statement said it signed share purchase agreement with New York Life International LLC, which would effectively increase the bank's share in the insurance company to 75 percent from 25 percent. Allied Bank's major shareholders, led by Lucio Tan, will account for the remaining 25 percent of the insurance firm. After approval of the sale by the Philippine Insurance Commission, New York Life International will cease to own equity interest in the insurance company. The bank did not disclose the value of the transaction. Allied Bank president Reynaldo Maclang said the acquisition was a positive development of Allied Bank and the policyholders of the insurance company.
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