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Life & Health News for August 23, 2010

N.Y. Issues More Subpoenas in RAA Probe
The New York Attorney General�s office has widened its investigation of retained asset accounts to include several more insurers…Read more

Assurant Health Is Cutting Workers, Blames PPACA
Assurant Health announced reductions in its workforce at various locations, including its Milwaukee headquarters, as it gets ready for health care reform under the Patient Protection and Affordable Care Act…Read more

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Most Big Companies to Change Health Plans: Study
A majority of large U.S. employers are planning to change their 2011 health care benefit programs in the wake of both health care reform and expected large health care cost increases, according to a new survey by the National Business Group on Health…Read more

RAAs Not So Bad, Attorney Argues
A New York insurance lawyer contends that insurers are being �demonized� for issuing retained asset accounts…Read more

Firm Reports Troubled Settlement Investments
Track-Life L.L.C. announced it is helping hedge funds and investment groups manage an increasing number of distressed life settlement portfolios that include complex premium-financed policies…Read more

Middle Class Struggling to Save: First Command
The middle-class savings rate has tumbled to an eight-month low, First Command Financial Services Inc. reports…Read more


Study: Small Firms Unsure of Health Plan Grandfather Rules
Micro-businesses and the self-employed are uncertain that their existing health care plan will meet the new rules under health care reform, according to a new survey…Read more

Many Americans Skip Health Care Over Cost: Study
A survey of more than 4,000 American adults by the Deloitte Center for Health Solutions found 20% of Americans chose not to seek medical care for a recent illness or injury, and of these, 40% said cost was the main factor…Read more

Personnel Changes: Allianz, Nationwide, Guardian, Petersen, PHX, Molina
Allianz Life Insurance Company of America has promoted Marty Vanderzanden to director of special investigations…Read more

Earnings: Towers Watson, Kansas City Life
Towers Watson & Company and Kansas City Life Insurance Company have reported higher profits…Read more

Maryland to Educate Consumers on LTC
Maryland is offering seminars on long term care insurance to consumers in the state…Read more

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