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DST Insurance Solutions has introduced a new InPayce Payout solution to service a range of payout models.

The solution was developed to support life, annuity, and mutual fund product providers needing user-friendly systems to track, distribute, and service the various income streams associated with existing and new guaranteed retirement income products.

DST InPayce Payout has the ability to manage repetitive income streams, handle premiums, calculate and pay commissions, reconcile accounts and money movements, comply with OFAC/CIP, support tax reporting needs, and more.

DST Insurance Solutions president Bonnie Wasgatt said that the launch of InPayce Payout represents a perfect opportunity for carriers and financial institutions to examine their approach to product, technology, and operational innovation.

“Insurance servicing platforms will need to support features that manage repetitive income streams such as, multiple payee splits and levelization of payout income streams enabled through web-based transactions,” added Wasgatt.

Along with the hot wheels, cool trim, leather interior and killer sound system, your sports car came with another line item add-on that wasn’t part of the MSRP: sports car automobile insurance. Insuring your shiny fast ride can add thousands of dollars to cost of ownership over the life of the car…unless you’re a savvy shopper. Here’s what you need to know to help you find cheap sports car insurance (or at least reasonably priced). For starters, different insurance companies have different definitions of what is and isn’t a sports car. This is typically based on a VIN (vehicle identification number) system published by the Insurance Services Office or the company’s own ranking system. Either syst

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In the fierce national debate over a new federal law that requires all Americans to have health insurance, it’s widely assumed that private health insurance can do a better job than the public insurance funded by the U.S. government. But a first-of-its-kind analysis of newly available government data found just the opposite when it comes to infants covered by insurance. Among the insured, infants in low-income families are better off under the nation’s government-funded public health insurance than infants covered by private insurance, says economist and study author Manan Roy, Southern Methodist University, Dallas. Read more…

Do you have an unwanted house guest or two in your holiday home? Insects and other “creepy crawlies” such as bed bugs, woodworm and fleas off pets can cause real discomfort and distress to both humans and animals. While house insurance typically does not cover infestations, the good news is that they can often be treated, but you may have to call a professional pest controller.

But what about larger creatures such as squirrels, foxes, rats and mice? While some may be perfectly behaved house guests, some may wreck havoc if they are left to their own devices.

What can you do to prevent damage by animals at your second home? wil

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It is now official. The fees that private health insurance companies pay to insurance brokers cannot be included into their medical care expenses. This is good for consumers, but, it isn’t an ideal situation for brokers. This decision is probably not going to make insurers very happy either.

In 2010, there was a health reform law passed that required all health insurance companies to spend at least 80% of the money that they get from premiums on medical care and quality improvement. They could no longer spend more than 20% of their profits on administrative costs. Insurers of large groups are required to spend 85% of the money they get from premiums on medical care and quality improvement, and cannot exceed spending 15% on administrative costs.

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Hawaii will be receiving, $14,440,144 from the federal government in order to assist with the development and implementation of the Hawaii Health Connector, which is the state’s online insurance exchange.

The exchange is meant to provide consumers with the ability to find healthcare plans that they can afford. The announcement of the upcoming funding was made by Senator Daniel K. Akaka, Senator Daniel K. Inouye, Representative Colleen Hanabusa, and Representative Mazie K. Hirono.

The U.S. Department of Health and Human Services will be providing the funding to the state through a grant. T

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