We're
standing by now to assist you with the phoenix home life mutual insurance
quotes you need to fulfill your phoenix home life mutual insurance
needs. Feel free to use our service to compare phoenix home life mutual insurance
pricing from multiple cariers.
Search results provided by EuroSeek.com:
Results from search: http://www.phl.com/
Phoenix Wealth Management
Results from search: http://www.ins.state.ny.us/audvid04.htm
Home
About Us
How to
Contact Us
Search
News
Latest
Updates
Publications
Downloads
Disciplinary
Actions
Employment
Opportunities
FOIL
Links
Phoenix Home Life
Demutualization Hearing
March 19, 2001
Superintendent of Insurance Neil D. Levin chaired a hearing on March 19,
2001 regarding Phoenix Home Life Mutual Insurance Company's plan to convert from a
mutual life insurer to a stock life insurer.
The hearing was held at 10 AM in NYC and
Rensselaer. The public record will remain open until April 2, 2001 and written statements
should be addressed to Ms. Ellen Wenz, New York State Insurance Department, Office of
Public Affairs, 25 Beaver Street, 3rd Floor, New York, NY 10004-2319. Copies of the
reorganization plan are available on Phoenix's web site, www.phoenixwm.com .
The New York State Insurance
Department is providing access to the audio video recordings of this hearing. Below
are the speakers who participated:
Note: In order to view this
audio video presentation, you must have a soundcard, speakers, a 28.8K or better modem
connection (56K recommended) and no firewall (or one that is configured to allow for Real
Files). The Real Time Player software is available through the link below.
Robert
W. Fiondella : CEO, Phoenix Home Life
Mutual Insurance Co.
Dona
D. Young : President & COO, Phoenix
Home Life Mutual Insurance Co.
Robert
G. Lautensack, Jr. : Sr. VP, Phoenix
Home Life Mutual Insurance Co.
Duncan
M. Briggs : Consulting Actuary,
Tillinghast-Towers Perrin
Douglas
L. Brown : Investment Advisor, Morgan
Stanley Dean Witter
Thomas
Silvestri : Policyholder
George Bulow : Policyholder
Robert Zeckhauser : Potential Investor
If you do not have Real
Player ® installed, you will need to download and
install the free Real Player ® in order to
play these lectures on your computer. Click on the icon on the left.
DISCLAIMER
Results from search: http://www.ins.state.ny.us/news1.htm
News
Home
About Us
How to
Contact Us
Search
News
Latest
Updates
Publications
Downloads
Disciplinary
Actions
Employment
Opportunities
FOIL
Links
News
From here, you are able to view
current and prior years' press releases.
Recent Department
Speeches are also now available on our site.
If you are a reporter and would
like more information, please call the Press Office at (212) 480-5262. Please, media
inquiries only. Or, you may email us at:
public-affairs@ins.state.ny.us
If you are a member of the
public wishing information, please visit either the Homepage of this Web site, or call the
Department's toll-free Consumer Hotline at (800) 342-3736.
2002 News Releases
Browse our latest News Releases
Archived News
Releases
2001 News Releases
2000 News Releases
1999 News Releases
1998 News Releases
1997 News Releases
New
York State Ethics Commission Awards Insurance Department with first Theodore Roosevelt
Ethics Award
Phoenix
Demutualization
Plan of Reorganization of Phoenix Home Life
Mutual Insurance Company from a Mutual Life Insurance Company into a Stock Life Insurance
Company
Opinion and Decision on Phoenix Home Life Mutual
Insurance Company's Demutualization (PDF Format)
Includes June 5, 2001 Letter to Ms. Dona
D. Young concerning the Opinion and Decision
Phoenix Home Life
Mutual Insurance Company's Demutualization Hearing that the Department held on March
19, 2001
Privacy Hearing
Privacy Hearing Addressing Proposed Regulation 169 that the Department
held on September 6, 2000
MetLife
Demutualization
MetLife Demutualization Hearing that the Department held on January
24, 2000
MetLife Demutualization Opinion &
Decision (PDF Format)
Transcript of
the Demutualization Hearing
DISCLAIMER
Results from search: http://www.armstronglaing.com/content/aboutus/phoenix.asp
News - Phoenix Home Life Mutual Insurance Company - Armstrong Laing
Home
Predictive Planning
Activity Analysis/Metify
Services
Events & Seminars
About Us
Other Languages
Site Map
Phoenix Selects Metify ABM to Help Understand Costs and Maximize Profitability
ATLANTA (December 20, 1999) - Phoenix Home Life Mutual Insurance Company, one of the nation's largest mutual life insurers, has just completed a comprehensive evaluation of activity-based management software, selecting Metify ABM from Armstrong Laing Group for a company-wide cost management initiative.
As a mutual life insurance company, Phoenix is owned by its policyholders, and operates
primarily for their benefit. In the interests of potentially increasing the
financial efficacy of the company for the benefit of its policyholders, Phoenix
will use Metify ABM to help manage the costs of products and services, and to
maximize profitability related to specific products, customers and channels.
The cost management initiative will provide insight into activities performed
on a regular basis, identify value-added and non value-added activities, and
ultimately help the company transform that understanding into a process
reengineering exercise.
The project is set to begin in the IT
organization, with a pilot to determine internal pricing for shared LAN
services. Upon completion of the IT pilot, the company plans to use Metify to
help them develop an accurate understanding of the costs of insurance products
in the Life business. That information will be used to determine the
profitability of various combinations of products, customers, and channels.
"Being able to perform this kind of multi-dimensional analysis will be
useful in our business planning initiative," said Phoenix second vice president
Andre Jett. "This capability featured into our selection of Metify ABM." Jett
also cited the software's ability to support multiple concurrent users and its
Web-deployment capabilities as deciding factors, facilitating the planned
company-wide implementation.
In addition to costing and profitability,
the company will take advantage of Metify process management features to refine
and optimize their business processes. These features will enable Phoenix to
rapidly model process scenarios to determine the effect of various
alternatives, such as combining or eliminating tasks, moving work from one
location or grade level to another, or replacing sequential processes with
parallel processes. Metify will analyze the changes and show the effect on
total process time and costs, providing the company with an automatic
comparison of alternatives.
"Phoenix is ahead of the game in
undertaking this initiative. Clearly, they recognize the policyholder value
inherent in developing a detailed understanding of their costs and
profitability, and using this insight to fuel process improvement " said Tony
Braniff, Armstrong Laing chief operating officer. "We are pleased to be able to
partner with Phoenix in this endeavor."
Phoenix provides insurance and investment management. Listed in the Fortune 500, it is the nation's ninth largest mutual life insurer and a leading money manager through its subsidiary, Phoenix Investment Partners, Ltd. Through its Phoenix Fiscal Fitness®
Programs, the company offers a broad array of services to help clients achieve
a lifetime of financial security. Phoenix's corporate offices are in Hartford,
Conn. Founded in 1851, Phoenix is growing in a wide variety of insurance and
investment businesses in the United States and internationally. More than 336
million people are covered by the company's insurance products.
Contact | History | Customers | Press Room | Locations | Partners | Link To Us
Please click here to request more information.
© 2002 Armstrong Laing Group
G400110
Results from search: http://www.socialaw.com/appslip/98p1618.html
PHOENIX HOME LIFE MUTUAL INSURANCE CO. vs. ESTHER R. BROWN,
executrix,(1) & others.(2)
Back
Docket No.:
98-P-1618.
Parties:
PHOENIX HOME LIFE MUTUAL INSURANCE CO. vs. ESTHER R. BROWN,
executrix,(1) & others.(2)
County:
Suffolk.
Dates:
April 13, 2000. - July 12, 2000.
Present:
Kass, Porada, & Lenk, JJ
Insurance, Life insurance, Life insurance: change
of beneficiary, Settlement of claim, Unfair act or practice. Consumer
Protection Act, Insurance, Unfair act or practice.
Civil action commenced in the Superior Court Department on February 16,
1995.
Motions for summary judgment were heard by R. Malcolm Graham, J., and Herman
J. Smith, Jr., J., and the case was tried before Thayer Fremont-Smith, J.
Jeffrey L. Allen for the defendants.
William Shields for the plaintiff.
PORADA, J. The plaintiff brought a complaint for interpleader and
declaratory relief in the Superior Court against the defendants to determine
the proper beneficiary of a life insurance policy on the life of Kenneth R.
Brown. The defendants filed a counterclaim containing three counts. The first
and second counts sought a declaration directing the plaintiff to pay the
proceeds to Esther R. Brown (Esther) as trustee of the Kenneth R. Brown
Irrevocable Trust (trust) and the third count sought damages for a violation of
G. L. c. 93A, based on alleged unfair settlement practices of the plaintiff. A
Superior Court judge allowed the defendants' motion for summary judgment on the
first count of their counterclaim, directing the plaintiff to pay the proceeds
to Esther as trustee. Thereafter, the defendants filed a motion for summary
judgment on the third count of their counterclaim. This motion was allowed by a
second Superior Court judge who found that the plaintiff's insistence on a
release from the defendants as a condition of payment of the life insurance
proceeds to the trust constituted an unfair settlement practice in violation of
G. L. c. 176D, § 3, and G. L. c. 93A. The defendants then filed a motion
for entry of final judgment. The motion was denied on the ground that a hearing
on the assessment of damages was required on the third count of the
counterclaim, the violation of G. L. c. 93A.
A third Superior Court judge conducted a trial on the issues of a wilful and
knowing violation of G. L. c. 93A and damages. Upon the conclusion of the
trial, and contrary to the motion judge's ruling, the trial judge determined
that the plaintiff's insistence on a release as a condition of payment of the
life insurance proceeds was not itself a violation of G. L. c. 93A. Instead,
the judge ruled that the plaintiff's failure to pay the proceeds to the trust
after the first Superior Court judge had directed the plaintiff to do so
constituted an unfair settlement practice under G. L. c. 176D, § 3(9), and
a wilful and knowing violation of G. L. c. 93A. The judge then ordered judgment
to enter for the defendants in the amount of the policy plus double the amount
of statutory interest of twelve percent on that amount, calculated from August
14, 1995, the date on which summary judgment was allowed on the first count of
the counterclaim.
Both parties have appealed. The plaintiff insurance company's primary
contention is that its request for a release as a condition of payment of the
proceeds to the trust and its failure to pay the proceeds to the trust after
being directed to do so by a Superior Court judge were lawful, and did not
constitute a violation of G. L. c. 93A. The defendants, as counterclaimants,
make two principal arguments: (1) that the judge erred in his calculation of
punitive damages and award of attorneys' fees; and (2) that the judge erred in
ruling that the plaintiff did not commit a violation of G. L. c. 93A in
demanding a release from the defendants as a condition of payment of the policy
proceeds to the trust.
We summarize the facts. On or about August 15, 1980, the plaintiff issued a
life insurance policy to Edel-Brown Tool & Die Co., Inc. (Edel-Brown), on
the life of Kenneth R. Brown (Kenneth). On June 2, 1983, Edel-Brown transferred
ownership of the policy to the KHE Corporation (KHE), of which Kenneth was a
principal stockholder and corporate officer. On April 15, 1993, Kenneth
executed a form entitled "Change of Owner/Account & Beneficiary to a
Trust" naming Esther, as trustee, as the beneficiary of this policy. The
beneficiary's taxpayer identification number identified on the form was the
number belonging to the trust.
However, the policy required any change of ownership or designation of
beneficiary to be made by the owner of the policy, which on April 15, 1993, was
KHE, not Kenneth. On April 23, 1993, KHE, through its president, executed an
assignment of the policy to Kenneth. The assignment of ownership to Kenneth was
mailed to the plaintiff by KHE's insurance agent on May 8, 1993. On May 17,
1993, the plaintiff acknowledged receipt of the same and sent a memo to the
insurance agent advising the agent that, if Kenneth wished to designate a
beneficiary other than his estate, he should execute the form which was
enclosed. On August 5, 1993, Kenneth died. The plaintiff never received a
change of beneficiary form from Kenneth after Kenneth had become the owner of
the policy on April 23, 1993.
On August 16, 1993, Esther, as trustee of the trust, filed a claim for
payment of the life insurance proceeds to the trust. On September 1, 1993, the
plaintiff advised the defendants' insurance agent that the plaintiff would have
to pay the proceeds to Kenneth's estate because, according to the plaintiff's
records, the designation of the trust as the beneficiary of the policy had not
been made by an owner of the policy, and that if the estate wished the trust to
receive the proceeds, then the plaintiff would require a release and
indemnification agreement to be signed by the parties involved.
On October 14, 1993, the defendants' lawyer advised the plaintiff that, due
to some probate concerns, it would not be acceptable that the proceeds be paid
to the estate, and that Esther, as the executrix of the estate, would sign the
necessary paperwork to obtain payment. On November 18, 1993, the plaintiff sent
a release and indemnity agreement to be signed by the defendants in exchange
for payment of the proceeds to the trust. The plaintiff did not hear from the
defendants again until July, 1994. In September, 1994, the defendants' attorney
advised the plaintiff's agent that the State Street Bank and Trust Company, a
co-trustee of the trust, would not sign the release because the bank, along
with Esther, was the trustee not only of this trust but also of another trust
known as the Kenneth R. Brown 1989 Trust in which there was a difference in the
degree of interest of the beneficiaries, and the execution of the release might
well be construed as an admission that the trust was not entitled to the
proceeds. The plaintiff and defendants continued to negotiate to resolve the
dispute. The plaintiff suggested that the executrix seek approval from the
Probate Court to pay the proceeds to the trust and offered to pay the expenses
of this procedure. This suggestion was rejected by the defendants because the
executrix was of the opinion that the public nature of a probate proceeding
might have an adverse effect on her negotiations with third parties for the
acquisition of her late husband's interest in KHE. Unable to negotiate a
settlement, the plaintiff then filed this interpleader action in the Superior
Court.
While the defendants' motion for summary judgment under the first count of
their counterclaim was pending in the Superior Court, the plaintiff and the
defendants executed an escrow agreement under which the plaintiff agreed to pay
the face amount of the policy and accrued interest to an escrow agent,(3) who
was to hold the same in an interest bearing account until such time as the
court determined who was entitled to the proceeds or until the plaintiff and
defendants agreed on who should be paid the proceeds. On or about August 25,
1995, the plaintiff forwarded a check in the sum of $274,331.99 to the escrow
agent. This sum included accrued interest under the terms of the policy from
the date of Kenneth's death to August 25, 1995. At the date of the scheduled
hearing on the assessment of damages, this sum apparently had not been paid by
the escrow agent to the trust.
The dispositive issue in this case is whether the plaintiff's conduct in the
handling of the trust's claim for payment of the life insurance proceeds
constituted an unfair settlement practice under G. L. c. 176D, § 3(9),
and, thus, a violation of G. L. c. 93A. The defendants argue that the
insistence on a release as a condition of payment of the proceeds to the trust
constituted an unfair settlement practice under G. L. c. 176D, §
3(9)(f),(4) because it was clear that the policy holder, Kenneth, had
substantially complied with the policy requirements in naming the trust as his
beneficiary, and payment of the policy proceeds to the trust would not have
exposed the plaintiff to any liability. The defendants argue also that the
trial judge's failure to abide by the motion judge's ruling to this effect was
not only an abuse of discretion but also an error of law.
Although there is no duty to reconsider an issue or a question of fact or
law, once decided, the power to do so remains in the court until final
judgment. See Peterson v. Hopson, 306 Mass. 597, 601 (1940); Linkage Corp. v.
Trustees of Boston Univ., 425 Mass. 1, 14, cert. denied, 522 U.S. 1015 (1997).
Here, the judge's decision was based on a two-day trial involving the subject
matter of the prior motion for summary judgment. In light thereof, there is no
basis for ruling that the judge abused his discretion in reaching a decision
different from that of the motion judge.
The judge was correct in concluding that the plaintiff had engaged in
neither an unfair nor a deceptive act or practice in insisting on a release
from the defendants before payment to the trust. Kenneth, after he had become
the owner of the policy, had not informed the plaintiff of his desire to name
the trust as his beneficiary. Implicit in the trial judge's findings is the
judge's determination that the plaintiff had a reasonable and good faith belief
that it could not lawfully make payment to the trust under the terms of its
policy and the judge's recognition that the plaintiff had taken active steps to
resolve the dispute. In these circumstances, even if we were to assume, without
so deciding, that the plaintiff wrongly determined that it could not legally
pay the trust under the terms of its policy without exposing itself to
liability to claims by third parties, the plaintiff's conduct would not have
amounted to an unfair settlement practice or a violation of G. L. c. 93A. See
Premier Ins. Co. of Mass. v. Furtado, 428 Mass. 507, 510 (1998) ("If an
insurance company has a reasonable and good faith belief that it is not obliged
to make a payment to a claimant who is asserting a violation of G. L. c. 93A
and G. L. c. 176D, § 3(9), asserts the point, and offers to take active
steps to resolve the dispute, the company's action, even if ultimately held to
be based on a misinterpretation of the law, would not be an unfair settlement
practice"); Guity v. Commerce Ins. Co., 36 Mass. App. Ct. 339, 344 (1994)
(absence of good faith on part of insurer and presence of extortionate tactics
generally characterize action based on unfair settlement practice).
We also decide that the trial judge erred in concluding that the plaintiff
had violated G. L. c. 93A in failing to make payment to the trust once the
first Superior Court judge entered summary judgment for the defendants under
the first count.(5) The judge ignored uncontroverted evidence before him that,
after the commencement of this action and before summary judgment entered, the
plaintiff had entered into an escrow agreement with the defendants, in which
the plaintiff had agreed to deposit the policy proceeds with an escrow agent,
the defendants' attorney, and did so within fourteen days after the entry of
summary judgment under the first count. The escrow agreement provided that the
escrow agent was to hold the proceeds until "the Court makes a
determination as to who is entitled to be paid the Benefit under the Policy, or
[the plaintiff and defendants] agree who is to be paid the Benefit."
Accordingly, the escrow agent was free to distribute the proceeds to the
defendants if he chose to do so without the consent of the plaintiff. There was
no evidence that the escrow agent had done so or had requested the plaintiff's
consent to do so once summary judgment entered under the first count. In these
circumstances, particularly where the entry of summary judgment under the first
count was not a final judgment, the judge's conclusion that the plaintiff had
committed an unfair settlement practice and a violation of G. L. c. 93A in
failing to pay the proceeds once summary judgment entered was clearly
erroneous. See Premier Ins. Co. of Mass. v. Furtado, 428 Mass. at 510
(insurance company did not commit an unfair settlement practice when it
commenced an action to obtain a determination of the disputed issue and placed
the disputed proceeds in an interest bearing bank account while the action was
pending).
In light of our conclusion that the defendants cannot recover for a
violation of G. L. c. 93A, we need not discuss the award of damages or
attorneys' fees made by the judge.
In sum, the judgment is vacated. A judgment shall be entered declaring that
the trust is the beneficiary of the policy issued by the plaintiff(6) and that
all funds in the escrow account into which the amount of the policy and accrued
interest were placed by the plaintiff shall be paid to the trust. All other
claims are dismissed.
So ordered.
Footnotes
(1) Of the estate of Kenneth R. Brown.
(2) Esther R. Brown and State Street Bank and Trust Company as co-trustees
of the Kenneth R. Brown Irrevocable Trust.
(3) The escrow agent was also the defendant's trial and appellate counsel.
(4) Section 3(9)(f) lists "[f]ailing to effectuate prompt, fair and
equitable settlements of claims in which liability has become reasonably
clear" as an unfair settlement practice.
(5) The plaintiff also asserts that, in reaching this conclusion, the trial
judge erred in advancing a theory of recovery that neither plaintiff nor
defendants advanced in their pleadings or litigated by consent at trial. See
Harrington-McGill v. Old Mother Hubbard Dog Food Co., 22 Mass. App. Ct. 966,
968 (1986) ("Unless a theory of recovery is disclosed in the pleadings or
is tried by the express or implied consent of the parties, a court may not base
its decision thereon"). We need not address this issue in light of our
conclusion that the judge's determination that the plaintiff had committed an
unfair settlement practice was clearly erroneous.
(6) The parties did not challenge that portion of the judgment declaring the
trust as the beneficiary of the policy.
* SLL Home
*
Copyright © 1999, Proprietors of the Social Law
Library. All Rights Reserved.
Results from search: http://www.nyse.com/events/NT0003FA5E.html
Phoenix Home Life Mutual Insurance lists IPO
Phoenix Home Life Mutual Insurance lists IPO
06/20/2001
Phoenix Home Life Mutual Insurance Co. (NYSE-Listed PNX) celebrates its initial public offering on the NYSE. In honor of the IPO, Robert W. Fiondella, Chairman & CEO, rings the Opening Bell SM . After the close of the IPO, the publicly traded holding company will be named The Phoenix Companies, Inc.
Phoenix is a premier provider of wealth management products and services, distributed through a diverse group of experienced advisors and institutions to serve the accumulation, preservation and transfer needs of the high-net-worth and affluent market. Phoenix, with corporate offices in Hartford, Conn., and its statutory home office in East Greenbush, N.Y., was founded in 1851.
Link to related URL : http://www.phoenixwm.com
Results from search: http://www.bliss-resources.com/homeowners_insurance_quotes.htm
Free & Instant Home Insurance Quotes
Homeowners Insurance Quotes
Comparing
home insurance quotes has never been so quick and easy. By using
the below companies (Nationwide Insurance & Net Quote) you can
now compare thousands of different
home insurance quotes for free in a instant!
Once you complete a secure
quick online application your home insurance information and
requirements will be submitted securely to thousands of auto
insurance companies across the U.S. instantly! Net Quote and
Nationwide then automatically gather the best insurance quotes and
e-mail the insurance quotes to you or display the quotes in your browser.
To receive your free auto insurance quotes simply click on the desired banner
in the right column.
Auto
Insurance Quotes .
Health
Insurance Quotes
. Life
Insurance Quote
Bliss
Resources
Consumer
Shopping & News
Credit
Card Deals
. Secured
Credit Cards
. Visa
Credit Cards
. Unsecured
Credit Cards
. Student
Credit Cards
. U.K.
Credit Cards
. Free
Credit Reports
. Debt
Reduction
. Capital
One
Insurance
. Auto
Insurance Quotes
. Health
Insurance Quotes
. Home
Insurance Quotes
. Life
Insurance Quote
Online
Loans
. Auto Loans
. Home Loans
. Personal
Loans
. Payday Loans
Money
Transfers
Telecommunications
. Calling
Cards
. Long
Distance Services
. Add URL
Insurance
Sites
. Auto
Insurance quotes
. Life
Insurance Quote
. Health
Insurance Quotes
. Car
Insurance Quotes
. Home
Insurance Quotes
. Disability
Insurance
. Health
Insurance
. Renters
Insurance
. Medical
insurance
. Home
Insurance
. Life
Insurance
. Long
Term Care
. Auto
Insurance quotes
Net Quotes Home Insurance
Since 1989, Net Quotes free
service has been working closely with Brokers, Captive Agents, and Direct
Writers to help identify those consumers they can offer the best rates.
Net Quote matches you to
companies with the best rates based on your home insurance needs.
Receive homeowners insurance
quotes only from the most competitive companies.
You can expect to receive
between 3 to 6 home owners insurance quotes, usually within 3 hours.
The selected home insurance
companies process your request and either FAX, Phone, or Email your quote
Nationwide
Homeowners Insurance Quotes
Nationwide
Insurance provides a FREE
consumer referral service. Nationwide Insurance has been helping people find the most competitive insurance rates
available Since 1993.
Complete one quick easy online quote form and your information will
go through a network of thousands of participating homeowners insurance agents
and companies across the United States.
Nationwide Insurance instantly matches your profile
to the best five homeowners insurance companies for you.
Receive most of your quotes within minutes!
Results from search: http://www.cbs.state.or.us/external/ins/docs/sb21/foreign/phoenix_hlife/phoenix_hlife.htm
Oregon Insurance Division - Reports Received from Phoenix Home Life Mutual Insurance Company
Welcome
| Site
Search | What's New
Insurance Division
About the Division
Advisory Committees
Agent Information
Public Meetings
Company Information
Consumer Complaints
Consumer Information
Division Directory
Employment
Opportunities
Enforcement Actions
F.A.Q.
Fees
Forms
In the News
Laws, Rules & Bulletins
Legislation
Links to Other Sites
Publications
Rates and Forms
Senior Health Insurance
Benefits
Assistance
Subject Index
Reports Received
from Phoenix Home Life Mutual Insurance Company
In 1997, the Legislature adopted the Oregon "Patient
Protection Act" (SB 21), which established broad new consumer
protections in the areas of disclosures to consumers, grievance
procedures, emergency room claims, and prior authorizations.
The bill, which took effect on January 1, 1998, also requires
annual insurer reporting.
Note: Insurance companies can submit the annual report
in any format. A company may or may not have summary reports
in each category. Notations have been made where a company has
not submitted required reports.
Reports require Adobe
Acrobat© Reader , available free.
Grievance Report : Summary and
types of consumer complaints.
Utilization Review : Summary
of procedures used to monitor levels of care.
Managed Health Care Insurance Companies
Quality Assessment: Summary of quality improvement goals
and measurements designed to provide better care and service
to you.
Accreditation Reports: Reports from NCQA and other experts
monitoring quality of services.
HCFA (Medicare): The Federal audits on insurance companies
Medicare business.
Health Promotion & Disease Prevention: Overview of Insurance
company's policy and procedures designed to prevent diseases
and improve the overall health of members.
HEDIS: NCQA data measuring quality of services.
Scope of Network: A description of how the insurance company
monitors their contracted network of providers to ensure that
you have reasonable access to services.
Review another company
Return to Top
DCBS Home Page | DCBS Site Search
| Oregon.gov | Disclaimer
of Liability
We'd like to hear from you.
Send comments, questions or suggestions to Oregon
Insurance Division or call (503) 947-7980
This document was last revised on December 26, 2000 .
Results from search: http://www.moderncontinental.com/benefits.htm
Modern Continental Companies: Employment Opportunities
MCC Company offers a comprehensive program of employee benefits designed to protect you and your dependents against financial and medical uncertainties that may result from illness or injuries. Eligible employees may participate in the insurance programs after a 60 day waiting period. The following benefits are totally company paid:
Medical Insurance
Dental Insurance
Life Insurance
Vacation
Accidental Death & Dismemberment
Short Term Disability
Long Term Disability
Holidays
Medical Insurance
Through Blue Cross and Blue Shield. The Company provides HMO Blue of New England individual and family coverage at no cost to the employee.
Dental Insurance
Thru Blue Cross and Blue Shield. The Company provides coverage for both individual and family coverage at no cost to the employee.
Life Insurance
Thru Phoenix Home Life Mutual Insurance Co. The Company provides $100,000 in Life Insurance.
Vacation
Salaried Full-Time employees will accrue vacation time based upon years of service. Time is accrued on a calendar year basis.
Year of Service
Accrual/Formula
Annual Accrual
Less than 1 year
,833 Days/Month
Depends on month of hire
1 thru 5
.833 Days/Month
10 Days
After completion of 5th calendar year
1.25 Days/Month
15 Days
Accidental Death & Dismemberment
The Company provides $100,000 in Accidental Death and Dismemberment Insurance.
Short Term Disability Insurance
The STD program which is administered thru the Phoenix Home Life Mutual Insurance Co., provides income equal to 50 percent of base salary after a 15 day waiting period for up to 13 weeks.
Long Term Disability Insurance
The LTD program which is administered thru the Phoenix Home Life Mutual Insurance Co., provides employees a source of income in the event of disability, injury or illness of over 90 consecutive calendar days duration. The plan provides for income equal to 66-2/3% of base salary to a maximum of $9,000.00 per month.
Thrift (401k) Plan
Full time employees with 90 days of service may save a percentage of base pay (between 1 percent and 15 percent) up to the annual IRS limit. All contributions are made on a ("Before Tax") basis and interest and earnings accrue on a tax deferred basis. The funds are managed by the New England Mutual Life Insurance Co.
Project Incentive Plan
Full time employees are eligible to participate in the Company's project incentive program. Based on exceeding planned project profit targets, a percent of these profits are distributed to employees on a discretionary basis. The timing of distributions is dependent solely on the successful "close out" of projects as defined by the Company.
Profit Sharing Plan
Based on Annual Profit, an amount may be allocated to plan participants. Full time employees who have completed a minimum of 18 months of service on July 1st are eligible and employees are 100 percent vested after 5 years of service.
Tuition Reimbursement Plan
Full time employees with 1 year of service are eligible to participate in the Tuition Reimbursement Plan. The Company reimburses 80 percent of the tuition costs for approved courses or programs taught at accredited Colleges or Universities.
Holidays
The company observes the following schedule of Holidays (below listed for 2001). Saturday Holidays are not observed:
Presidents' Day
Patriots Day
Memorial Day
Independence Day
Labor Day
Columbus Day
Thanksgiving Day
Christmas
New Year's Day
Construction | Residential Development Commercial Development | Marine Services
Property Management | Architectural Services Companies | About Us | Contact Press Releases | Site Map
© 2000 Modern Continental Companies, Inc. All rights reserved.
Results from search: http://www.llgm.com/hot.asp?matter=17
LeBoeuf, Lamb, Greene & MacRae, L.L.P.
HOT NEW MATTERS:
. Albany . Almaty . Beijing . Bishkek . Boston . Brussels . Denver . Harrisburg . Hartford . Houston . Jacksonville . Johannesburg . London . Los Angeles
. Moscow . New York . Newark . Paris . Pittsburgh . Riyadh . Salt Lake City . San Francisco . Tashkent . Washington, D.C.
. Bankruptcy & Restructuring . Corporate . Energy . Environmental, Health & Safety
. Executive Compensation, Employee Benefits and ERISA . iBusiness/Emerging Companies . Insurance . Intellectual Property
. International . Investment Management . Litigation . Real Estate . Reinsurance
. Tax . Telecommunications . Trusts and Estates
printable version LEBOEUF COUNSELS UNDERWRITERS IN $854 MILLION IPO
(June 25, 2001, Hartford, Connecticut) -- The Phoenix Companies, Inc. announced today that its initial public
offering of 48.8 million shares of common stock has closed and the demutualization of Phoenix Home
Life Mutual Insurance Company has become effective. The IPO was priced at $17.50 per share on June
19. The closing price on Monday, June 25, was $17.85 per share. Phoenix's stock is listed on the
New York Stock Exchange under the trading symbol PNX.
In addition to the shares sold in the public offering, an estimated 56.2 million shares of Phoenix
common stock will be distributed to approximately 500,000 eligible policyholders of Phoenix Home
Life Mutual Insurance Company, as outlined under the company's demutualization plan.
Phoenix Home Life Mutual Insurance Company has been renamed Phoenix Life Insurance Company and it
is a wholly owned subsidiary of a new publicly traded holding company, The Phoenix Companies, Inc.
At the same time, Phoenix Investment Partners also became a wholly owned subsidiary of The Phoenix
Companies, Inc.
The co-lead managers for the offering were Morgan Stanley Dean Witter and Merrill Lynch &
Co. A.G. Edwards and Sons, Inc., Bear Stearns & Co., Inc., Deutsche Banc Alex. Brown and
UBS Warburg were co-managers.
Phoenix announced in April 2000 it would pursue a plan of demutualization. Phoenix's Board of
Directors approved the plan in December 2000. The plan was approved by policyholders in April of
2001 and by the New York State Superintendent of Insurance earlier this month.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be a sale of these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration of qualification under the securities
laws of any such state or jurisdiction.
Phoenix is a premier provider of wealth management products and services, distributed through a
diverse group of experienced advisors and institutions to serve the accumulation, preservation and
transfer needs of the high-net-worth and affluent market. Phoenix, with corporate offices in
Hartford, Conn., and its statutory home office in East Greenbush, N.Y., was founded in 1851.
LeBoeuf represented the underwriters in this offering.
* * *
LeBoeuf, Lamb, Greene & MacRae, L.L.P. has more than 750 lawyers practicing in
14 U.S. offices and in 10 countries overseas. Well known as one of the preeminent
legal services providers to the insurance/financial services and energy & utilities
industries, the Firm has built upon these strengths to gain prominence in corporate,
international, taxation, environmental, bankruptcy, iBusiness/intellectual property
and litigation practice. Founded in 1929, the Firm is headquartered in New York City.
If you would like your website removed from
our search result
posting, please click here.
Links