Navigation Links
Pennsylvania Insurance Department Approves Launch of Senior Health Care Oversight Trust
Date:11/12/2008

Effective Today, Independent Trust Now Operating Former Conseco Senior Health Insurance Company Long-Term Care Insurance Business for the Sole Benefit of Policyholders

HARRISBURG, Pa., Nov. 12 /PRNewswire/ -- The Pennsylvania Insurance Department (the "Department") announced today that it has approved the separation, effective today, of Senior Health Insurance Company of Pennsylvania (formerly Conseco Senior Health Insurance Company) ("SHIP") from Conseco, Inc. As a result of the transaction, the long-term care business of SHIP will be managed by SHIP, subject to the oversight of the Senior Health Care Oversight Trust (the "Trust") and, for certain matters, the Department.

The Oversight Trust is to be governed by an independent Board of Trustees composed of former insurance regulators and financial experts. The Trust will also have as a member the former Surgeon General of the United States, Dr. C. Everett Koop, who is an authority on health care issues affecting seniors. The Trust will manage SHIP as a non-profit organization the sole purpose of which is to satisfy the obligations of the insurance coverages underwritten by SHIP. The Trust and SHIP will be subject to oversight from the Department. In addition to Dr. Koop, the Board of Trustees consists of:

-- Julianne M. Bowler, lead trustee and former Commissioner, Massachusetts

Department of Insurance

-- Gregory V. Serio, former Superintendent of Insurance, State of New York

-- Cecil D. Bykerk, former Chief Actuary, Mutual of Omaha and President,

Society of Actuaries

-- John W. Wells, President and Chief Executive Officer of SHIP

Management transferred from Conseco to SHIP includes John Wells, who will serve as the President and Chief Executive Officer of SHIP, and his senior management team for operations and finance.

On August 11, 2008, Conseco, Inc. announced its intention for an independent trust to be formed to own and
'/>"/>

SOURCE Senior Health Insurance Company of Pennsylvania
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2

Related medicine news :

1. Governor Rendell Offers adultBasic Coverage to 35,000 Uninsured Pennsylvanians
2. Health and Business Groups Launch Ad Campaign About Need for Comprehensive Smoke-Free Law in Pennsylvania
3. NNN Healthcare/Office REIT Acquires 2750 Monroe Boulevard in Valley Forge, Pennsylvania
4. Pennsylvania Department of Aging Receives Grant to Improve Alzheimers Support
5. Pennsylvania Needs More Lung Cancer Research
6. Saint Vincent Health System of Erie, Pennsylvania Named One of AARP 2007 Best Employers for Workers Over 50
7. Pennsylvania Game Commission Announces EHD Confirmed in Allegheny and Westmoreland Counties
8. Maryland, Minnesota Go Smoke-free Oct. 1 - Pennsylvania Overdue in Following Suit
9. Pennsylvania Trauma Systems Foundation Accreditation Status for Trauma Centers
10. Health Secretary Urges Pennsylvanians to Get a Flu Shot
11. Governor Rendell Calls for Prompt Action on Prescription for Pennsylvania, Cover All Pennsylvanians Health Care Reforms
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/22/2015)... AngelWeddingDress, the premier women’s dress supplier, ... dresses. View website of AngelWeddingDress.com to find ... wedding dresses online for a bridal party. AngelWeddingDress offers ... for them. Its maternity wedding dresses are specially designed ...
(Date:1/22/2015)... January 22, 2015 Juvent Sports ( ... the 2015 PGA Merchandise Show to bestow a Juvent ... female amateur golfer, Arlene McKitrick. The award commemorated and ... golf tournament win. She won her first amateur tournament ...
(Date:1/22/2015)... York, New York (PRWEB) January 22, 2015 ... filed after Fresenius Medical Care recalled its GranuFlo and ... federal multidistrict litigation underway in U.S. District Court, District ... Order dated January 20th, the Court has remanded a ...
(Date:1/22/2015)... over 20 years, Dr. David Cruz of Cruz Chiropractic Care ... just about every type of injury that can result from car ... twenty-plus years, the team at Doctors on Liens has ... doctor. With the combined breadth of experience between the ...
(Date:1/22/2015)... (PRWEB) January 22, 2015 Joan Lunden, ... keynote speaker at the upcoming 32nd Annual Miami ... Physicians’ Education Resource®, LLC (PER®) , shares that ... have gone undetected if she had not followed up ...
Breaking Medicine News(10 mins):Health News:AngelWeddingDress Has Recently Released Its Collection Of 2015 Maternity Wedding Dresses 2Health News:All-Time Leading Female Amateur Golfer Arlene McKitrick Receives Juvent Sports Achievement Award at 2015 PGA Show 2Health News:All-Time Leading Female Amateur Golfer Arlene McKitrick Receives Juvent Sports Achievement Award at 2015 PGA Show 3Health News:Court Overseeing Federal GranuFlo Lawsuits Remands Louisiana Claim Back to State Court, Bernstein Liebhard LLP Reports 2Health News:Court Overseeing Federal GranuFlo Lawsuits Remands Louisiana Claim Back to State Court, Bernstein Liebhard LLP Reports 3Health News:Court Overseeing Federal GranuFlo Lawsuits Remands Louisiana Claim Back to State Court, Bernstein Liebhard LLP Reports 4Health News:Industry Leading Chiropractor in Oceanside Joins the Doctors on Liens Network 2Health News:Joan Lunden Reveals Diagnostic Approach That Led To Early Detection;To Keynote 32nd Annual Miami Breast Cancer Conference® 2Health News:Joan Lunden Reveals Diagnostic Approach That Led To Early Detection;To Keynote 32nd Annual Miami Breast Cancer Conference® 3Health News:Joan Lunden Reveals Diagnostic Approach That Led To Early Detection;To Keynote 32nd Annual Miami Breast Cancer Conference® 4Health News:Joan Lunden Reveals Diagnostic Approach That Led To Early Detection;To Keynote 32nd Annual Miami Breast Cancer Conference® 5Health News:Joan Lunden Reveals Diagnostic Approach That Led To Early Detection;To Keynote 32nd Annual Miami Breast Cancer Conference® 6
... Researchers at Fox Chase Cancer Center have demonstrated that a ... most aggressive forms of breast cancer to grow. Their findings, ... cancer, are presented in a recent issue of Cancer ... we have been able to present evidence that directly demonstrates ...
... other diseases, experts say , FRIDAY, Oct. 2 (HealthDay News) ... spreading to the nation,s diagnostic laboratories, which could see a ... to several laboratory professionals affiliated with the American Society for ... clog a lab system already struggling with a shortage of ...
... 2 Human Resource Executive ®, the leading HR ... human resources and services for CIGNA Corp., its 2009 HR ... to its HR Honor Roll V. Michael Ferdinandi, senior vice ... senior vice president of human resources for Aetna; Christina K. ...
... SUMMIT, Mo., Oct. 2 R&D/Leverage,s enhanced medical and ... roof - continue to expand in anticipation of further ... President - Engineering. , According to Wescoat, the company,s ... staff, new lean initiatives and quality-control protocols and world-class ...
... , ... Joins Anita T. Conner and Mount Airy Church of God in Christ for A Day ... ... largest Medical Assistance managed care organization in Pennsylvania, in conjunction with Praise is The Cure ...
... , ... the world deal with chronic sinusitis and recurring sinus infections. When antibiotics fail they are ... , ... 2, 2009 -- SinusWars LLC has been treating sinus related conditions for years and has ...
Cached Medicine News:Health News:NEDD9 protein supports growth of aggressive breast cancer 2Health News:Swine Flu Tests Could Swamp Diagnostic Labs 2Health News:Swine Flu Tests Could Swamp Diagnostic Labs 3Health News:CIGNA Corp.'s John M. Murabito Named 2009 HR Executive of the Year 2Health News:CIGNA Corp.'s John M. Murabito Named 2009 HR Executive of the Year 3Health News:CIGNA Corp.'s John M. Murabito Named 2009 HR Executive of the Year 4Health News:R&D/Leverage Heightens Investment in Medical and Silicone Mold Manufacturing 2Health News:R&D/Leverage Heightens Investment in Medical and Silicone Mold Manufacturing 3Health News:More than 500 Breast Cancer Survivors and Community Supporters to Attend Annual 'Praise is The Cure' Event 2Health News:SinusWars LLC Launches a Successful and All Natural Alternative to Antibiotics in the Fight to Treat Chronic Sinusitis 2
(Date:1/23/2015)... , Jan. 23, 2015   Leatt Corporation  (OTCQB: ... protective equipment for all forms of sports, including extreme ... neck brace, announced today that the UISP Lega Motociclismo ... requires all riders to wear a neck brace during ...
(Date:1/23/2015)... BOSTON , January 23, 2015 ... company, is delighted to announce that the Malcolm Campbell ... Miles Congreve (Vice President of Chemistry), Fiona Marshall ... (Chief Executive Officer and co-founder) for the seminal contributions ...
(Date:1/22/2015)... UPI ), a medical device company that develops, ... dysfunctions, today reported financial results for the fiscal 2015 ... for the Company,s Urgent ®  PC Neuromodulation System grew ... as compared to $3.9 million in the third quarter ...
Breaking Medicine Technology:Leatt Announces Neck Braces Now Required For Motocross/Minicross Racing In Italy 2Leatt Announces Neck Braces Now Required For Motocross/Minicross Racing In Italy 3Heptares Scientists to Receive the Malcolm Campbell Memorial Prize for 2015 in Recognition of Their Outstanding Contribution to GPCR Drug Discovery 2Heptares Scientists to Receive the Malcolm Campbell Memorial Prize for 2015 in Recognition of Their Outstanding Contribution to GPCR Drug Discovery 3Heptares Scientists to Receive the Malcolm Campbell Memorial Prize for 2015 in Recognition of Their Outstanding Contribution to GPCR Drug Discovery 4Uroplasty Reports Record Revenue in Fiscal Third Quarter 2Uroplasty Reports Record Revenue in Fiscal Third Quarter 3Uroplasty Reports Record Revenue in Fiscal Third Quarter 4Uroplasty Reports Record Revenue in Fiscal Third Quarter 5Uroplasty Reports Record Revenue in Fiscal Third Quarter 6Uroplasty Reports Record Revenue in Fiscal Third Quarter 7Uroplasty Reports Record Revenue in Fiscal Third Quarter 8Uroplasty Reports Record Revenue in Fiscal Third Quarter 9Uroplasty Reports Record Revenue in Fiscal Third Quarter 10Uroplasty Reports Record Revenue in Fiscal Third Quarter 11Uroplasty Reports Record Revenue in Fiscal Third Quarter 12Uroplasty Reports Record Revenue in Fiscal Third Quarter 13Uroplasty Reports Record Revenue in Fiscal Third Quarter 14Uroplasty Reports Record Revenue in Fiscal Third Quarter 15Uroplasty Reports Record Revenue in Fiscal Third Quarter 16Uroplasty Reports Record Revenue in Fiscal Third Quarter 17Uroplasty Reports Record Revenue in Fiscal Third Quarter 18
... Laboratories is a national reference laboratory and ... and development. ARUP offers an extensive test ... tests in clinical and anatomic pathology. Owned ... clients include more than half of the ...
... Laboratories is a national reference laboratory and ... and development. ARUP offers an extensive test ... tests in clinical and anatomic pathology. Owned ... clients include more than half of the ...
... reference laboratory and a worldwide leader in ... an extensive test menu of highly complex ... anatomic pathology. Owned by the University of ... half of the nation's university teaching hospitals ...
... reference laboratory and a worldwide leader in ... an extensive test menu of highly complex ... anatomic pathology. Owned by the University of ... half of the nation's university teaching hospitals ...
Medicine Products: