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Archive for December, 2007


Insurance Tough Choice For Small Businesses
Springdale Morning News, AR - Dec 28, 2007
The Franklins are just one of millions of small businesses nationwide struggling with health insurance costs and options. * Last year, 38 percent nationally .

Nationwide and the Nationwide Framework are federally registered service marks of Nationwide Mutual Insurance Company. . Nationwide, based in Columbus, Ohio, is one of the largest diversified insurance and financial services organizations in . Nationwide ranks 99th on the Fortune 500 list. The company provides a full range of insurance and financial services, . Contacts: Joe Case, Nationwide Insurance (614) 249-6353 casej6@nationwide.com Chris Ward, ID Theft Assist (866)-694-3911 . project manager for Nationwide’s Property and Casualty Personal Lines Product Office. "Nationwide ID Theft policyholders . insurance/restoration service will be available to anyone who wishes to purchase it, not just Nationwide homeowner . ID Theft Assist provides a full-service, broad identity recovery system as part of Nationwide’s effort to combat the . A 2005 Nationwide Insurance survey shows once people have their identity stolen, they can have a tough time getting it .Nationwide Insurance, ID Theft Assist Expands Availability of ID Theft .

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    HARRISBURG, Pa., Jan. 11 /PRNewswire/ -- The Pennsylvania Defense
Institute (PDI), an association that advocates for civil legal defense
issues and legal reform, today announced the launch of its newly enhanced
website: http://www.padefense.org.
    “The new PDI website is an invaluable tool for those interested in
legal defense issues,” said PDI President James Haggerty of Swartz Campbell
LLC. “Our goal is to keep our members informed on significant court
decisions and proposed legislation that can impact their clients and their
businesses.”
    The innovative new website features legislation of interest to PDI
members and a list of insurance-related court cases. The website also
features a calendar of upcoming events, contact information for elected
officers, Continuing Legal Education (CLE) program information, and a
downloadable application for membership to PDI. Photos from recent PDI
events will also be posted on the website.
    The website is efficient and accessible and will be a great resource
for keeping attorneys and insurance executives current on new cases and
legislation.
    Established in 1969, PDI boasts an impressive membership of nearly
1,000 Pennsylvania defense attorneys, insurance company executives,
self-insured and independent adjusters.
    For more information, please visit http://www.padefense.org. The
Pennsylvania Defense Institute can be reached by calling Executive Director
David Cole at 1-800-734-0737 or at P.O. Box 967, Camp Hill, PA 17001-0697.

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  Merck SEC filing says it has not established any reserves for potential
        liability relating to the Vioxx lawsuits or investigations.
    WHITEHOUSE, N.J., Sept. 18 /PRNewswire/ -- According to Merck's August
7, 2006, SEC filing, "At this time, the Company believes that its insurance
coverage with respect to the Vioxx Lawsuits will not be adequate to cover
its defense costs and any losses."
    In addition, Merck says it has not established any reserves for
potential liability relating to the Vioxx lawsuits or investigations,
including for those cases in which a verdict has been entered against the
company, and are now in post-verdict proceedings or on appeal.
    According to the filing, Merck has product liability insurance for
claims brought in the Vioxx Product Liability Lawsuits with upper limits of
about $630 million after deductibles and co-insurance. This insurance
provides coverage for legal defense costs and potential damage amounts that
have been or will be incurred in connection with the Vioxx Product
Liability Lawsuits.
    The company says it has Directors and Officers insurance coverage
applicable to the Vioxx Securities Lawsuits and Vioxx Derivative Lawsuits
with stated upper limits of about $190 million and fiduciary and other
insurance for the Vioxx ERISA Lawsuits with stated upper limits of
approximately $275 million.
    For further detailed information, visit:
http://www.lawyersandsettlements.com/articles/Merck_Insurance.html?ref=pr
    About LawyersandSettlements.com:
    LawyersandSettlements.com offers a comprehensive website with
up-to-date legal news, class action lawsuits, personal injury cases,
settlements, verdicts, product recalls, and free newsletter. Users can also
submit their complaint to lawyers for free case evaluations.

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. Insurance Agents and Financial Planners. California Broker is the most highly respected insurance magazine in California . agents. These two subjects speak volumes about how the insurance industry and its relatives have changed over the past . Twenty-five years ago this month, California Broker Magazine ran two feature stories: one on the use of phone solicitors . Who actually talks to those phone recordings, by the way?) Insurance agents, which are in short supply, generally . Wealthy Americans Boost the.    Life Settlement Market. • Life Insurance Liquidity Model • Employers to Focus.    on . Variable Annuity • Premium Finance Network • Office Equipment Leasing Program • New Life Insurance Product. • Consumer . Life Settlements for Term Insurance by David Cherkas. Serving Affluent Clients: Connecting the Dots Among. Estate . Medicare Part D Problems Reported.    Around the Country • Healthcare Quality Movement Stalls LIFE INSURANCE, LIFE .California Broker Magazine

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ORLANDO, FL —
The Life Insurance Settlement Association
(LISA) today announced the release of a white paper entitled “Cashing in on
Unneeded Life Insurance Policies: How Seniors Are Benefiting from Life
Settlements.” The 16-page document provides an overview of the industry,
an explanation of the life settlement product along with case scenarios
illustrating the advantages of a life settlement for qualifying seniors.
The white paper was produced in response to requests for information from
consumers, regulators, news media and others who are seeking reliable
information on the rapidly-growing $10 billion life settlement industry.

“As we approach life insurance awareness month in September, it is
important that senior consumers also have an awareness of the life
settlement option because it provides a sensible exit strategy from
unwanted life insurance policies,” said Doug Head, executive director of
LISA. “A life settlement maximizes the value of one’s life insurance asset
because it enables those who qualify to receive a cash payment from an
institutional money source for an amount greater than the cash surrender.
It is the hidden value in life insurance policies that we want the public
to discover,” Head added.

The white paper points out that prior to the emergence of the secondary
market for life insurance, senior consumers with unwanted policies on the
verge of lapse or surrender had no other options. With the emergence of the
secondary market for life insurance where institutional investors purchase
policies, seniors are now receiving an average of three to four times the
cash surrender value. Industry statistics indicate that within the past
five years, senior consumers have received more than $2 billion in excess
of their policies’ cash surrender values. Other industry statistics
indicate that approximately 40 to 50 percent of seniors are using the
proceeds from the cash settlement to purchase better-performing policies
with lower premium payments.

For immediate access to the white paper, go to:
http://www.lisassociation.org/files/LISA_whitepaper.pdf

About LISA

The Life Insurance Settlement Association, known as “the voice of the
industry,” is located in Orlando, Florida. A Florida-based non-profit
association founded in 1995, LISA serves as a national resource center,
providing information about life settlements. LISA, which currently has
over 100 member companies, is the industry’s largest and oldest trade and
professional organization in the life settlement industry. For more
information, visit www.lisassociation.org.


Media Contacts:
Doug Head
LISA
407-894-3797

SOURCE:  Life Insurance Settlement Association

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