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BC Life & Health Insurance Company Adds Additional Face Amount ...
BC Life & Health Insurance Company, through affiliate company Blue Cross of California, today announced an increase in individual term life insurance benefit amounts options to $15,000, $30,000, $50,000, $75,000 or $100,000 for most ages. A BC Life & Health Insurance Company individual term life insurance policy can help protect loved ones and cover such costs as mortgage repayments, salary replacement and child care costs. BC Life & Health Insurance Company individual term life insurance policies are available to applicants at the same time they apply for Blue Cross of California individual medical coverage or if already a Blue Cross of California individual medical member. When BC Life & Health Insurance Company's individual term life insurance policies are purchased with individual medical coverage members benefit from: - One bill for all of life and health insurance needs - No additional forms to fill out - No medical exams - Coverage for children for as little as $1.50 per month - Coverage for adults for as little as $2.80 per month "It is important to ask yourself, 'Have I prepared for my family's financial future? How much coverage do I need to maintain my family's current standard of living?' The new face amounts BC Life & Health Insurance Company is offering will help families better prepare for their financial future," said Nicholas L.
Insurance company instructed to pay injured player
Tuesday 3rd July 2007: The Irish Rugby Union Players Association (IRUPA) has welcomed the recent decision of the Financial Services Ombudsman to instruct an Insurance Company to pay out on a claim by an injured rugby player. It was a hugely important decision that affects all players contracted to the IRFU and therefore is of huge interest to IRUPA.
The facts of the case are the player suffered a career ending injury and tried to rehabilitate himself to the best of his abilities with the best medical advice including playing amateur rugby but could not reach the standard needed to play professional rugby. The IRFU kept the player on in the hope that he might make a full recovery but eventually after 18 months when it was clear that he would not make a recovery, the contract was not renewed and he subsequently made the insurance claim to which he was entitled to under his contract of employment.
California Insurance Department Alleges Insurer Improperly ...
The California Department of Insurance in a report released last week alleged 67 violations of fair-claims handling laws by health insurer BC Life & Health after the company rescinded some members' health insurance coverage, the Los Angeles Times reports. BC Life & Health, owned by WellPoint, canceled 1,880 individual health insurance policies in 2004 and 2005. Insurance regulators reviewed 83 sample cases and issued citations in 49 of the cases for a number of violations, including:
Thirty-two citations for failing to promptly, fairly and equitably pay claims where liability was reasonably clear;
Twenty-seven citations for failing to adopt reasonable standards for the prompt investigation and processing of claims; and
Four citations for misrepresenting policy provisions to consumers.
Independence Holding Company Announces Semi-Annual Cash Dividend
STAMFORD, Conn.--(BUSINESS WIRE)--Independence Holding Company (NYSE: IHC) today reported declaration of a semi-annual cash dividend of $0.025 per share of common stock, payable to stockholders of record on July 6, 2007, with a payment date of July 20, 2007. About Independence Holding Company IHC is a holding company principally engaged in the life and health insurance business and the acquisition of blocks of policies through its insurance company subsidiaries (Standard Security Life Insurance Company of New York and Madison National Life Insurance Company, Inc.), its affiliate (American Independence Corp. (NASDAQ: AMIC)), and its managing general underwriters, third-party administrators, and marketing affiliates. Standard Security Life markets medical stop-loss, small group major medical, short-term medical, major medical for individuals and families, limited medical, group long and short-term disability and life, dental, vision and managed health care products.
Farmers closes on $713M purchase of Bristol West
Farmers Insurance Group, the nation's third-largest personal lines and homeowners insurance company, has completed its $713.5 million buy-out of Bristol West Holdings Inc. Both Los Angeles-based Farmers and Bristol West Insurance Group, which is based in Davie, Fla., specialize in selling non-standard auto insurance, one of the fastest-growing lines in the United States. .
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