Illinois firm buys HR Group in Brentwood (at bizjournals.com) and CorVel Announces MSA Agent Services (PR Newswire)

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City of Industry, CA --(www.USEquityNews.com)-- 11/28/2008 - Insurance Brokers industry alert provided by U.S. Equity News. The Itasca, Ill.-based insurance and risk management services company is a publicly-held company with operations in United States and 14 countries. Established in 1996, The HR Group provides employee benefits products, human resource management consulting and outsourced benefits administration services to clients across the country. HR Group CE0 and President Karen Saul and her associates will continue to operate in their current site, under the direction of Gallagher. © 2008 American City Business Journals, Inc. and its licensors. All rights reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of bizjournals. The Itasca, Ill.-based insurance and risk management services company is a publicly-held company with operations in United States and 14 countries. [Read the full article]


IRVINE, Calif., /PRNewswire-FirstCall/ -- CorVel Corporation (Nasdaq: CRVL) announced today plans to provide "agent" services under the new Medicare legislation requiring expanded reporting for insurers, third party administrators and employers. The Company currently provides Medicare Set-Aside (MSA) services for workers' compensation and general liability customers throughout the country, and is expanding that service offering to include communications soon to be mandated under the legislation covering Centers for Medicare/Medicaid Services (CMS) requirements. Recent legislation has expanded the definition of the administrative
requirements designed to protect the Medicare system from medical expenses
considered the primary obligation of private sector plans, including insured and self-insured workers' compensation, liability and no fault plans. [Read the full article]

DISASTER THREATENS THE DECADELONG ATTEMPT by Jessica Bibliowicz to succeed in a business apart from her dad Sandy Weill, the grand conglomerator of Travelers and Citigroup. Shares of National Financial Partners, the insurance business that Bibliowicz runs, briefly sank under $1.00 last week -- far below their $23 level last March when we wrote skeptically about them ("An Insurance Roll-Up in Danger of Unraveling," March 17).

Angry insurance agents, who sold their practices to NFP when its shares (ticker: NFP) went for as much as 50 bucks, say they fear the company could run out of cash in 2009. That's because life-insurance sales were down 39% in the last quarter at NFP's established agencies and the company acknowledged that 20% of brokers aren't generating enough revenue to pay themselves after making the required payments to the parent. Unhappy agents worry that those unpaid brokers may hide insurance checks from NFP. [Read the full article]

MOUNTAIN VIEW, CA--(MARKET WIRE)-- -- eHealthInsurance, the leading online source of health insurance for individuals, families and small businesses, today, released five tips for consumers looking to manage their health insurance budgets during open-enrollment, the traditional time of year when
individuals with employer-sponsored coverage have the option to make additions, changes or deletions to their health care benefits. For most U.S. companies, open-enrollment often runs from the first of October through the end of December.In today's economic climate, employees may be looking to trim costs any way possible. To help make the right decision, eHealthInsurance recommends the
following "Top 5 Tips for Open-Enrollment."eHealthInsurance has also made these tips available in a video located at: http://www.youtube.com/watch?v=-bmtjFk2GRM
1. Review Every Plan: Start reviewing every plan available from your
employer now. [Read the full article]

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