Morning Briefing: Thousands lose health insurance as firm is ordered to liquidate

Thousands lose health insurance as firm is ordered to liquidate… Manulife wins major award in Asia-Pacific… Centene joint-venture to extend healthcare services in Mississippi…

Insurance News

By

Thousands lose health insurance as firm is ordered to liquidate
An insurance company in Hawaii has been ordered into liquidation for failing to meet minimum levels of solvency. Family Health Hawaii’s assets can now be seized by the insurance commissioner Gordon Ito who is also authorized to assume the powers of the company’s directors and officers.

KHON2.com reports that the result of the liquidation, ordered by Judge Karen Nakasone Thursday, is that thousands of Hawaiians will lose their health insurance. FHH has no individual clients but operates more than 400 employer group plans.

“We had hoped to be able to get the capital necessary to continue or go into rehabilitation, but it did not come to fruition,” Family Health Hawaii president and CEO JP Schmidt told KHON2.

Other insurers - HMSA, Kaiser, UHA and HMAA – have offered assistance to those policyholders affected.
 
Manulife wins major award in Asia-Pacific
Canada-based insurer Manulife has picked up a top award in Asia-Pacific. It topped the finance category at the inaugural Asia-Pacific Excellence Awards for its marketing campaign for manulifeMOVE, a unique insurance concept first launched in Hong Kong rewarding customers with discounted premiums and a range of consumer benefits for living more healthily and being more active.

"MOVE drives life and health insurance in a new direction by taking a holistic approach to health and wellness. The program has been an instant hit with the public: it does more than just reward healthy individuals - we are incentivizing lifestyle changes for our customers," explained Manulife International CEO Guy Mills.  

Entries were judged by a panel of 30 communications specialists from a wide range of backgrounds representing both in-house and agency professional communicators.
 
Centene joint-venture to extend healthcare services in Mississippi
Centurion of Mississippi is set to operate healthcare services for more than 17,000 inmates of the state’s correctional facilities. The firm, which is a joint venture of Centene Corp. and MHM Services, requires approval from the Mississippi's Personal Service Contract Review Board.  

Centurion began providing healthcare services to the MDOC in July 2015 under a one-year emergency contract. Under the new contract award, Centurion will begin providing services in July 2016 for a three-year period.

Centurion also provides correctional facility services in Massachusetts, Minnesota, Tennessee, Vermont, and Florida, which will begin operations in the second quarter of 2016.

Keep up with the latest news and events

Join our mailing list, it’s free!