company insurance state washington

Marketwire - Insurance
Marketwire - Insurance

• Life Insurance Settlement Association Announces 2009 Legislative Forecast: Consumers First
  

  ORLANDO, FL--(Marketwire - November 5, 2008) - The Life Insurance Settlement Association (LISA) recently announced the organization's forecast and priorities for state and federal legislation in 2009. Doug Head, LISA's Executive Director, said he anticipates that public policymakers will continue to put "consumers first" as more Americans are aware -- and more are in need -- of selling their policies rather than surrendering them for a "grossly inadequate" cash surrender value.

  "The life settlement market continues to grow in direct response to consumers' awareness and need to access the true market value of their policies," said Head, adding: "Despite the protectionist efforts of life insurers and their subsidiary organizations to impair consumers' access to information and assistance about life settlements, public policymakers have reaffirmed that the century-old property rights and value of life insurance is best left in the hands of American consumers."

• Oak Valley Bancorp to Pay Cash Dividend
  

  OAKDALE, CA--(Marketwire - November 5, 2008) - Oak Valley Bancorp (OTCBB: OVLY), the bank holding company for Oak Valley Community Bank, declares a cash dividend. The payout reflects the dividend being paid for the third quarter of 2008. This is the 13th consecutive year in which Oak Valley has paid a dividend to investors and the payout continues the quarterly payment schedule which was adopted this year.

  The Board of Directors of Oak Valley Bancorp, at their meeting on November 4, 2008, declared the payment of a cash dividend of two and one-half cents per share to shareholders of record at the close of business on November 19, 2008, with a corresponding payable date of December 3, 2008. This brings the total dividend payout for the year to seven and one-half cents per share.

• Comerica Selects Canopy's On-Demand HealthCare Banking Platform to Power HealthReserve Health Savings Account Offering for Employers and Consumers
  

  Canopy's HealthDirect Offers Turnkey Administration and Account Management Platform to Meet Needs of Accelerating Consumer Driven Healthcare Market

• Symbility Solutions Signs Contract With Franklin Mutual Insurance Company
  TORONTO, ONTARIO--(Marketwire - Nov. 5, 2008) - Symbility Solutions Inc., a wholly-owned subsidiary of Automated Benefits Corp. (TSX VENTURE:AUT), is pleased to announce the formalization of a five year contract with Franklin Mutual Insurance Company, a division of the Franklin Mutual Insurance Group of Branchville, New Jersey. Franklin Mutual Insurance Company (FMI) is the largest mutual insurance company in New Jersey and has been insuring its clients for over 129 years. With a commitment to personal service and advanced technology, FMI sought to improve their operations by shortening the claim cycle and enhancing the customer experience. FMI investigated several solutions and chose Symbility's mobile claims software solution as its new claims estimation and processing tool.
• Brown & Brown, Inc. Announces the Asset Acquisition of Health Insurance Exchange, Inc.
  

  DAYTONA BEACH, FL AND TAMPA, FL--(Marketwire - November 5, 2008) - Michael A. Paschke, Regional Executive Vice President of Brown & Brown, Inc. (NYSE: BRO), and Bruce A. Curry, Principal of Health Insurance Exchange, Inc. of Seattle, Washington, today announced the asset acquisition of Health Insurance Exchange, Inc. by a subsidiary of Brown & Brown, Inc.

  Health Insurance Exchange, Inc., with annualized revenues of approximately $1.2 million, focuses exclusively on employee benefits insurance for individuals and businesses in the state of Washington and throughout the United States. Bruce Curry and his staff will join Brown & Brown's existing Seattle, Washington profit center under the leadership of Jeff Martins. Mr. Curry will assume the title of Senior Vice President and Benefits Manager for the Seattle profit center.

• Hannover Re: Capital market crisis and above-average volume of catastrophe losses dominant factors in the result as at 30 September 2008
  

  HANNOVER, GERMANY--(Marketwire - November 5, 2008) -

  
  Capital market crisis and above-average volume of catastrophe losses dominant factors in the result as at 30 September 2008

  * Operating profit (EBIT) 32.5 million euro

  * Group net income -142.8 million euro

  * Catastrophe losses 444.9 million euro

  * Stable ordinary investment income, but write-downs of 432.6 million euro on securities

  * Capital base remains solid

  * Good business prospects for 2009

• TSX Venture Exchange Closing Summary for November 4, 2008
  VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 4, 2008) - The following report is available on tsx.com at the following web page: http://www.tsx.com/en/news_events/media_kit.html Trading was very heavy on a volume of 176.3 million shares worth 48.0 million dollars. There were 461 advances, 217 declines and 551 issues unchanged. The S&P/TSX Venture Composite Index closed up 39.68 at 975.27 /T/ Most Active Issues by Volume Volume Name Symbol Close Change
• Pathfinder Bancorp, Inc. Announces Third Quarter Earnings
  

  OSWEGO, NY--(Marketwire - November 4, 2008) - Pathfinder Bancorp, Inc., the mid-tier holding company of Pathfinder Bank, (NASDAQ: PBHC) (listing: PathBcp) has announced third quarter operating results. Third quarter results were adversely impacted by investment security portfolio impairment charges. The Company reported a net loss of $838,000, or $0.34 per diluted share, for the three months ended September 30, 2008 as compared to net income of $306,000, or $0.12 per diluted share for the same period in 2007. For the nine months ended September 30, 2008, the Company reported a net loss of $206,000, or $0.08 per share, compared to net income of $637,000, or $0.26 per share, for the same period in 2007.

• Seven Biggest Mistakes Employers Make When Working With Their Workers' Comp Insurer, According to www.reduceyourworkerscomp.com
  

  MANSFIELD, CT--(Marketwire - November 4, 2008) - The insurance company or third-party administrator that administers workers' compensation claims has a huge impact on return to work and the ultimate cost to the employer, according to www.reduceyourworkerscomp.com.

  The site lists the seven biggest mistakes employers make:

  1. Not visiting the claim offices and sitting "chair-side" with an adjuster. You must see the process first-hand to understand how your claims are handled. Then, you can integrate your processes into services your insurer offers.

• Fort Dearborn Life Insurance Company(R) Recognized as Voluntary Employee Benefits Sales Growth Leader
  

  CHICAGO, IL--(Marketwire - November 4, 2008) - Fort Dearborn Life Insurance Company (Fort Dearborn Life) has been recognized by Eastbridge Consulting Group, Inc. as a leader in voluntary sales growth among companies that wrote $30 million or less in new voluntary employee benefits sales in 2007.

  "We are proud to be recognized by the Eastbridge study," said Anthony F. Trani, president and CEO of Fort Dearborn Life. "As we survey current market conditions, we believe there is tremendous opportunity and growth in the voluntary insurance market.

• Canopy Named One of the Silicon Valley's Fastest Growing Companies
  

  Healthcare Banking Leader Ranks Fourth Fastest-Growing Private Technology Company Based on Three-Year Growth

• Brookfield Infrastructure Partners Announces Third Quarter 2008 Results
  

  HAMILTON, BERMUDA--(Marketwire - November 4, 2008) - Brookfield Infrastructure Partners L.P. (the "Partnership") (NYSE: BIP) today announced results for the third quarter ended September 30, 2008 for Brookfield Infrastructure L.P. (together with its subsidiaries, "Brookfield Infrastructure").

  The Partnership's sole material asset is its 60% limited partnership interest in Brookfield Infrastructure, which the Partnership accounts for using the equity method. As a result, the Partnership believes the financial statements of Brookfield Infrastructure are more relevant because they reflect the financ