Timely Article.We found Barbara Bowers' article to be very timely ("Give and Take," Best's Review, July 2000).We launched www.ClaimResolver.com on Feb. 1. We are different than our competition in that we offer options beyond a blind-bid program. By providing a flexible tool to users, the opportunities to seek and complete settlements is greatly enhanced. Kent Caldwell Vice President ClaimResolver.com Chicago For the Record * Company names: The companies in the Toronto-based Manulife Financial Manulife Financial (NYSE: MFC, TSX: MFC, SEHK: 945, PSE: MFC), also known as The Manufacturers Life Insurance Company, is a major Canadian insurance company and financial services provider. Group that write individual life insurance in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. are Manufacturers Life Insurance Company U.S.A. and Manufacturers Life Insurance Company of America. The information was incorrect in the article "Modeling Older Life Risks" in the June issue. * Medical malpractice Improper, unskilled, or negligent treatment of a patient by a physician, dentist, nurse, pharmacist, or other health care professional. : A statistical study on the medical-malpractice industry had labels transposed trans·pose v. trans·posed, trans·pos·ing, trans·pos·es v.tr. 1. To reverse or transfer the order or place of; interchange. 2. for four states. The correct 1998 premium distribution and leading writers for Hawaii, Idaho, Illinois and Indiana appears on page 44. * Dispute Resolution: Joseph Manning is a defense attorney with Marshall, Dennehey, Warner, Coleman and Coggin, Livingston, N.J., a defense-only firm. He was misidentified in "Give and Take," an article in the July issue. * Clarification: A chart in the article "The Top 200" in the July 2000 edition of Best's Review, did not explain the decline in net premiums written by Provident Mutual Life. Provident Mutual's 1998 net premium written was artificially inflated due to a reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. recapture on an immediate annuity immediate annuity An annuity that is purchased with a lump sum and that begins making payments one period after the purchase. Immediate annuities are most commonly purchased by people who have accumulated a sum of money and are ready for retirement. block of business. This was the sole reason for the decline in 1999. Net premiums written, excluding the effects of this recapture, were actually up 8.7%. |
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