| Could solar cars be the answer to random pricing?
As I sat down to write this column I received a phone call. My State Farm insurance agent called to let me know that my auto insurance rates had gone down. After picking myself up off the floor I politely thanked her and started to think about pricing of items in general.
I'm typing this on a computer that cost me less than the word processor, a glorified typewriter for all intents and purposes; I bought when I started college back in the late '80s. Even the flat-screen monitor I stare at for hours on end went for $700 when first released two short years ago, yet I picked this one up a month ago for under $200.
I'm looking at a telephone that I just used to call Sweden for business. Sweden is included in my all-in-one long distance plan that sets me back roughly the cost of a couple of movie tickets and a large tub of popcorn.
Sun Life Financial Expands Stop-Loss Cost-Containment Program
WELLESLEY, Mass.--(BUSINESS WIRE)--The U.S. division of Sun Life Financial (NYSE: SLF, TSX: SLF) announced today that its Group Division is expanding its industry-leading Stop-Loss cost-containment program with new features. The company is also renaming the program to SunResourcesSM to reflect this expansion. "Through SunResources, we help employers lower their total cost of health care," said Christopher Brown, Vice President, Stop-Loss Products. "With the new services we are adding today — along with more in the near future — we can save our customers even more." Sun Life Financial is one of the nation's largest providers of stop-loss insurance, which protects employers who self-fund their employee health care plans against unexpectedly high claim costs. SunResources works by linking employers to money-saving vendors and services that can lower the cost of employee health care.
AM Best Comments on Penn Treaty's Under Review Status
OLDWICK, N.J.--(BUSINESS WIRE)--April 5, 2007--A.M. Best Co. has commented that the financial strength rating of B (Fair) and the issuer credit ratings (ICR) of "bb" of Penn Treaty American Corporation's (Penn Treaty) (NYSE: PTA) subsidiaries remain unchanged and under review with negative implications. Penn Treaty's subsidiaries include Penn Treaty Network America Insurance Company, American Network Insurance Company and American Independent Network Insurance Company of New York (New York, NY). All companies are domiciled in Allentown, PA unless otherwise specified. On March 26, 2007, Penn Treaty filed its 2005 10-K. Penn Treaty's delay in filing its 2006 audited GAAP financials is of concern to A.M. Best. A.M. Best believes Penn Treaty's "old" long-term care block, whose performance is not reflected in its statutory operating results, will again show weak results when its 2006 GAAP financials are made public.
Florida Health Insurance Web Advises Insurance Consultant for ...
Prices of health insurance are at record high levels while actual benefits are getting smaller. Florida Health Insurance web advices use of professional insurance consultants to avoid over-inflated rates on individual health insurance policies. (PRWEB) March 13, 2007 -- Internet insurance portal, Florida Health Insurance Web, reports nearly three million Floridians without individual health insurance coverage. That's 18% of the state's population. Health related bankruptcy is on the rise - the leading cause of bankruptcy today. Every Floridian without health insurance coverage is just one illness away from financial ruin. Florida Health Insurance Web, www.FloridaHealthInsuranceWeb.com, advises consulting an online source such as its service, before choosing any health insurance policy.
Discover(R) Card Reintroduces Cashback Bonus(R) Credit Products ...
RIVERWOODS, Ill.-(Business Wire)-April 2, 2007 - Discover Financial Services LLC, a business unit of Morgan Stanley (NYSE: MS), today reintroduced Discover(R) More(SM) Card and Discover(R) Open Road(SM) Card, which provide opportunities for cardmembers to accelerate their cash rewards earnings based on how they decide to use credit. .
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