BB&T CORP., Winston-Salem, N.C., said it would buy Southeastern Fidelity Corp., Tallahassee, Fla., an insurance premium finance company, in a stock swap.
The results reflect the addition of the Barry Scott Companies, acquired in August, as well as substantial growth in DCAP's premium financing operations, said Barry Goldstein, the company's chief executive.
Data presented in the companion paper suggest that young adults have to rely heavily on their parents for health insurance premium financing.
Despite this unresolved debate, there is unanimous agreement that health care expenditures will rise further in the future, which in turn will have implications for health insurance and premium financing.
Within this study we have developed a framework for how such reforms of health premium financing could be implemented in a consistent manner, and we have investigated possible effects on the balance of lifetime risk adjustment payments.
I bring this up in the context of life insurance because aversion to paying gift taxes leads clients and their advisers into using often misunderstood financing methods such as split-dollar and premium financing.
A spokesman for the Association of British Insurers (ABI) said: "Insurers want to ensure that any premium finance options are clearly and fully set out as part of the sales process, so that customers know exactly how much they have to pay for their insurance.
It defines "rates" as "the charges assessed for health insurance or anything that affects the charges associated with health insurance, including, but not limited to, benefits, premiums, base rates, underwriting relativities, discounts, co-payments, coinsurance, deductibles, premium financing, installment fees, and any other out-of-pocket costs of the policyholder".
The increase of premium was financed exclusively from the central and state governments.
With its credit rating sharply downgraded, Greece must pay a stiff premium to finance that deficit.
