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NEWS
June 22, 1987 | By JIM NICHOLSON, Daily News Staff Writer
Services were to be held this morning for Marie Franchetti, vice president of an insurance brokerage firm and a nationally recognized specialist in aviation insurance, who died Friday. She was 44 and lived in South Philadelphia. Franchetti had worked for Rollins Burdick Hunter, an insurance brokerage service with offices in the Ledger Building, since 1984. Previously, she had worked for Corroon and Black, an insurance agency. "Marie was an aviation insurance specialist," said Gil White, a vice president of Rollins Burdick Hunter and a close friend.
BUSINESS
December 20, 2015
Where: Bala Cynwyd. Parent: Tokio Marine Group, Japan. Business: Sells insurance in many niches - bowling alleys, cyber security, yoga studios, pest control, zoos, professional liability. What's new: Now covers craft breweries. 2015 revenue: $2.9 billion. Employees: 2,000; 600 here.
SPORTS
March 29, 1997 | by Sam Donnellon, Daily News Sports Writer
Back in town from two-day owners summit in West Palm Beach, Phillies president and general partner Bill Giles sounded less optimistic about signing Curt Schilling in time for the pitcher's Monday midnight deadline. The problem? "I'm not sure we can get the right insurance," he said, watching the Phillies win their 17th spring training game last night against Toronto at Jack Russell Stadium. Giles would like 100 percent insurance on Schilling's right arm. American Specialty, the insurance company he is dealing with, might be unwilling to do that.
NEWS
September 11, 2009 | By Stacey Burling INQUIRER STAFF WRITER
For all President Obama's tough talk about insurance companies Wednesday night, health-economics experts said his overhaul plan held little obvious pain for insurers. Requiring everyone to buy coverage - with government subsidies when necessary - would bring in millions of new customers, lower selling costs, and reduce the hidden tax that all privately insured people pay for those without insurance, experts said. Insurance companies would have to give up some of their most egregious practices - refusing to sell insurance to the people most likely to need it, for example, or dropping customers who get sick - but they would all be in the same boat.
NEWS
July 28, 1988 | By Alan Sipress, Inquirer Staff Writer
The New Jersey Attorney General's Office has launched a review of Camden County's practices for awarding its insurance business, according to Deputy Attorney General Daniel P. Reynolds. In a letter to Freeholder Michael J. DiPiero, Reynolds said that his office was examining whether the county complied with the state public contracts law when it awarded its no-bid insurance business, worth more than $3.7 million since the start of 1987. DiPiero, a Republican, asked the state Department of Community Affairs last month to examine the county's procedure for giving that insurance business to Democratic Party leaders, including the party treasurer, John Gallagher, and the treasurer of the current freeholder campaign, Peter DiGiambattista.
BUSINESS
December 31, 1998 | By Josh Goldstein, INQUIRER STAFF WRITER The Associated Press contributed to this story
In the weeks before the Allegheny health system filed for bankruptcy in July, it quadrupled the value - from $50 million to $200 million - of liability insurance policies covering its board of directors and officers. Allegheny's creditors staked claim to that money yesterday - just in case coverage lapses at year's end today. They informed the health system's directors and officers of their intention to pursue the insurance money. The committee representing Allegheny's 65,000 unsecured creditors wrote to board members and executives viewed as most responsible for Allegheny's financial collapse.
NEWS
June 28, 1994
Goll-lee! Isn't that health-care debate somethin'? First, the president's plan includes at its very center a requirement that employers pay the cost of health insurance. In a way, this is a conservative position, since most Americans get their health care through their employers. It even makes accounting sense, because there is nowhere that the cost of health insurance isn't a factor in what's eventually in your paycheck. However, much to everyone's surprise, the Republicans went bats over it. Republicans these days go bats over virtually anything that might destroy Bill Clinton's chance to accomplish anything.
NEWS
February 18, 1993 | By Claire Furia, INQUIRER CORRESPONDENT
The township will begin picking up the tab for its commissioners' health, medical and accident insurance. The Board of Commissioners approved an ordinance Monday night authorizing the commissioners to receive the insurance. Recently adopted state legislation enables township commissioners to receive health coverage similar to that given to township employees, said Robert Breslin, acting solicitor. The commissioners also approved two other ordinances: One restricts parking on Second Street at Erickson Avenue and the second makes Fourth Street one-way in a westerly direction between Printz and Wanamaker Avenues between 6 and 9 a.m. Monday through Friday.
BUSINESS
December 1, 1986 | By Barbara Demick, Inquirer Staff Writer
If you can insure yourself, your spouse, your home and your automobile, why not another prized possession: your VCR? Such is the sales pitch many consumers hear when they go out to buy a new appliance. In the Philadelphia area, stores are offering policies resembling insurance for a ever-expanding assortment of products: stereos, videocassette recorders, lawn mowers, washers, computers, bicycles, refrigerators and even tires. Basically, if it can break, someone will try to sell you a policy to get it fixed.
NEWS
August 11, 2014 | By Rachel Zamzow, Inquirer Staff Writer
Tony Burke was an energetic 2-year-old who loved drawing purple pictures of Barney and jumping on trampolines. But then his parents began to notice how he would grunt instead of talk, and couldn't look anyone in the eye. Before his third birthday, in 2005, he was diagnosed with autism. "It felt like my heart had been ripped out," said his mother, Suzanne Burke of Philadelphia. Seeking the best care, his parents found applied behavior analysis (ABA), a one-on-one therapy considered the most effective treatment to date for autism.
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NEWS
July 13, 2016 | By Julia Terruso, Staff Writer
The city has taken out a $1.2 million insurance policy against lawsuits it might face because of police action during the Democratic National Convention. The city's Office of Risk Management hired Arizona-based Berkley Assurance for primary coverage and Landmark American Insurance of Atlanta for excess coverage up to $5 million, city spokesman Mike Dunn said. The plan is being paid for with the Department of Justice's $43 million security grant to the city. It provides liability coverage for the city and police officers "in conjunction with errors and omissions while performing their professional duties," Dunn said.
BUSINESS
July 8, 2016 | By Harold Brubaker, STAFF WRITER
The special investigations unit of Horizon Blue Cross Blue Shield of New Jersey generated $43.2 million in savings last year by rooting out fraud, the Newark, N.J., health insurer said Wednesday. Horizon said one of the latest trends in fraud is the "phantom doctor's office," which are shell offices that submit bogus claims using stolen insurance identification numbers and then vanish. Another increasingly common scheme, Horizon said, is "the impossible day," on which a doctor claims to have seen dozens or even hundreds of patients.
BUSINESS
June 26, 2016 | By Erin E. Arvedlund, Staff Writer
Raymond and Sandy Loewe just got back from a trip to Australia, having achieved one of their life goals: visiting all seven continents. They aren't even close to retiring, though they are in their mid-70s. "We both go to work every day, she at a nonprofit and me at my financial-planning firm. We have no plans to retire, but we take 14 to 15 weeks off a year," Raymond Loewe said. One thing they worried about was their care later in life: The couple have no children. "As I started thinking about aging," he said, "I asked myself, 'Who's going to take care of us if we can't take care of ourselves?
NEWS
June 15, 2016 | By Sam Wood, Staff Writer
Two Pennsylvania nonprofits will share nearly $1.5 million in federal money to increase low-income children's access to health care in the state - an award that is especially timely. For reasons officials don't fully understand, the number of eligible children who are covered by Medicaid and the Children's Health Insurance Program (CHIP) has fallen slightly in Pennsylvania even as participation has grown nationally. "We don't have a specific idea why there was a decline," said Alain Oliver, executive director of the Maternal and Health Care Consortium in Chester County, which will get $1 million.
BUSINESS
May 27, 2016 | By Harold Brubaker, STAFF WRITER
The Pennsylvania Insurance Department on Wednesday released preliminary rate requests for 20 small-group health plans and 18 individual plans that will be offered under the Affordable Care Act for next year. The requests for increases now under reveiw by the insurance department averaged 7.9 percent for small group plans and 23.6 percent for individual plans, but the final rates that will be posted in October could be lower. In addition, 75 percent of the Pennsylvanians who purchased insurance for this year on the exchange received a federal subsidy that reduces their cost.
NEWS
May 11, 2016
By Veronique de Rugy It's no surprise that trust in the government is at an all-time low. Government failures and promises broken by administration officials in the last eight years alone have been plentiful. Take the botched recovery after the Great Recession. The Obama administration promised that if the government spent $800 billion in stimulus, unemployment wouldn't rise above 8.8 percent. The plan was adopted, the spending was on its way, and the unemployment rate shot up above 10 percent and hovered at this painful level for months.
TRAVEL
May 9, 2016
Q: I know you have written about insurance for travel in the past but I wanted to bring a matter to your attention. The United Airlines website offers Allianz travel insurance, but when it came to covering my expenses, I felt it was a "bait and switch" insurance policy that outlines what is covered but in reality does not cover anything beyond travel delay. Here's what happened: A friend and I purchased tickets to fly from Newark to Panama in January. In addition to paying $1,353 for the flight, we purchased the Allianz travel insurance shown on the United Airlines site for an additional $80. The travel insurance indicated it would cover trip cancellation, travel delay, and trip interruption.
NEWS
May 1, 2016 | By Justine McDaniel, Staff Writer
A judge on Friday disputed state prosecutors' call for him to remove himself from the multimillion-dollar insurance fraud case against Bucks County's politically connected Risoldi family, putting off a decision about their request and delaying the trial for what could be months. After a 31/2-hour hearing in Doylestown that saw sharp exchanges between attorneys during testimony by the lead prosecutor, who said Chester County Judge Thomas G. Gavin has a bias toward the Risoldi family, Gavin said he would decide in the coming weeks, but did not specify a date.
BUSINESS
April 21, 2016 | By Jacob Adelman, Staff Writer
Swiss insurer Zurich Insurance Group has acquired the 2.0 University Place office building near 41st and Market Streets for $420 a square foot - among the city's highest purchase prices ever for a commercial property. Zurich paid $41.3 million Tuesday for the five-story building in a deal that also commits the company to completing up to $1.8 million in interior construction work, developer Scott Mazo said. Mazo invested $31 million in the 98,000-square-foot eco-friendly office project at the largely untested western edge of Philadelphia's University City neighborhood.
NEWS
April 14, 2016
ISSUE | HEALTH CARE Doctors' role is key Dr. Peter Ubel's commentary about the complexity of health-insurance plans made the important point that caregivers are unprepared to help patients make cost-conscious decisions about their care ("Choices, plans overwhelming for patients," Friday). Yet many employers that adopt consumer-driven coverage pay little attention to the evidence that employees with high-deductible plans tend to cut back on beneficial as well as wasteful care. That jeopardizes patients' health and could undermine employers' savings when poorly managed health results in high-cost care or disability leaves.
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