Draco-Risk opens office in PR/USVI to assist insurers with claims
February 9, 2018
Draco-Risk has set up shop in Puerto Rico and the U.S. Virgin Islands to assist customers in the process of receiving just and correct payments from the insurance companies in their claims, after hurricanes Irma and María.
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Insurance sector names top executives
December 11, 2017
Puerto Rico’s insurance sector has been busy naming new executives to its local operations.
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Insurers to pay out billions in damage by hurricanes Harvey, Irma and María
December 1, 2017
The 2017 Atlantic hurricane season was the first time three Category 4 hurricanes —Harvey, Irma and María — made landfall in the United States and its territories in one year, according to the Insurance Information Institute (I.I.I.).
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HIMA-San Pablo re-enters MMM network, expanding health services
December 1, 2017
The HIMA-San Pablo hospital system has re-entered the MMM Healthcare provider network, to offer healthcare services at its facilities in Caguas, Humacao, Fajardo and Cupey, executives representing both companies announced.
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Triple-S reports $21.9M in net income for 3Q17
November 10, 2017
Triple-S Management Corp. announced third quarter 2017 results Thursday, confirming net income of $21.9 million, or $0.91 per diluted share, versus a net loss of $1.9 million, or $0.08 per diluted share, in the prior-year period.
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Triple-S focuses on restoring health services post storm
October 27, 2017
The wake of destruction left by Hurricane María demanded a refocusing on the part of Triple-S to address the pressing needs of its most vulnerable patients, providers, insured groups and communities, company officials said.
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PR may avoid ‘Medicaid cliff’ with $1B in new federal aid
October 10, 2017
Puerto Rico stands to receive a $1 billion assignment from U.S. Congress under the State Children’s Health Insurance Program, which would cover the local government’s public healthcare coverage plan for the medically indigent through Sept. 30, 2018, said Health Insurance Services Administration Executive Director Ángela Ávila.
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P.R. Int’l Insurance Center shielded from restructuring
May 12, 2017
The Puerto Rico International Insurers Association (PRIIA) issued a statement Thursday saying it operates under laws and regulations that insulate its member companies and their clients from any changes to Puerto Rico that Title III bankruptcy may bring about.
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A.M. Best: ‘P.R. debt exposure for insurers is minimal’
May 12, 2017
Despite the ongoing economic issues in Puerto Rico, the domestic property/casualty (P/C) insurers have managed to generate operating profits over the past 10 years, driven primarily by solid and consistent underwriting performance, A.M. Best said in a statement issued Thursday.
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Insurance sector creates $185M, 30K jobs for economy
March 3, 2017
Puerto Rico’s insurance industry represents $185 million in economic contributions to the government’s coffers and generates 30,000 direct, indirect and induced jobs, a study released Thursday shows.
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Triple-S Salud 1st health plan in P.R. with URAC approval
March 2, 2017
Triple-S Salud announced Wednesday it has obtained URAC accreditation, a designation that demonstrates the highest level of commitment to quality healthcare.
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CMS pitch may usher 1.6% Medicare fund growth for PR
February 27, 2017
The Advance Notice and Draft Call Letter recently issued by the Centers for Medicare and Medicaid Services includes proposals that if finally implemented would result in a minor net increase of 1.6 percent to calendar year 2018 Medicare Advantage benchmark rates for Puerto Rico.
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Christiansen Insurance Group joins Assurex Global
October 31, 2016
Christiansen Insurance Group (CIG), a local insurance brokerage firm established in Puerto Rico, has joined Assurex Global as an exclusive partner, company officials announced.
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TV anchor, Triple-S Vida join to raise cancer awareness
October 25, 2016
TV anchor Keylla Hernández and Triple-S Vida recently joined forces to raise awareness about the importance of being prepared to face cancer through an educational campaign that includes eight journalism students.
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A.M. Best affirms B++ rating for Multinational Life
September 20, 2016
Multinational Life Insurance Company announced Monday that A.M. Best, the international rating firm for the insurance industry, has affirmed the insurer’s B++ rating and revised the company’s “Long Term Issuer” credit rating from stable to positive.
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