Friday, April 13, 2012

Actuary Analyzes Insurance Twitter Messages, Wins Prize | World ...


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*?Newspaper Reporter? and ?Broadcaster? Among Nation's Worst Jobs, Says CareerCast.com's 2012 Jobs Rated Report* *?Software Engineer,? ?Actuary? and ?HR Manager? Are Top 3 Jobs in the Nation* CARLSBAD, CA (April 10, 2012) ? Professions that provide us

For Position 41559, this Southwest USA client now seeks a Life & Health Actuary. Pricing, valuation and financial modeling assignments. Firm writes Long Term Care, Medicare Supplement, Life and Annuities. Apply at

Northeast USA insurance company seeks a Life Actuary for Position 41542. Requires 16+ years of life actuarial experience, including product development. Reports.

PEMBROKE, Bermuda ? April 2, 2012 ? Endurance Specialty Holdings Ltd. [NYSE:ENH] announced today that Michael Angelina will be retiring from his position as Chief Risk Officer and Chief Actuary effective April 13, 2012 in order to assume the position

Growing Chicago client of Ezra Penland Actuarial Recruitment has an immediate need for a Health Actuary for Position 41534. This Associate of the Society of Actuaries will work on risk management, pricing and analytical

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Tyson on Zimmerman: 'It's a disgrace that man hasn't been shot yet'

Tyson (Isaac Brekken/AP)

Mike Tyson thinks that George Zimmerman deserves violent retribution for the shooting of Trayvon Martin.

In an interview with Yahoo News about his upcoming one-man show in Las Vegas, the former heavyweight champion sounded off on the polarizing case:

"My personal feeling is that, as a young kid that was beat on by a bully, that was pretty much singled out?the guy [Zimmerman] stalked him, didn't follow instructions from a superior officer, when they said, 'Stop following the kid.' That tells you everything right there. But my all-around perspective, I wasn't there, I don't know what happened. But it's just so widespread and overt what happened. Even though this is the best country in the world, certain laws in this country are a disgrace to a nation of savages. It's a majority versus a minority. That's the way God planned it. He didn't want to do something about it, He wanted us to do something about it. And if we don't, it's gonna stay this way. We have to continue tweeting, we have to continue marching, we have to continue fighting for Trayvon Martin. If that's not the case, he was killed in vain, and we're just waiting for it to happen to our children. He'll have gotten away with impunity. It's a disgrace that man hasn't been dragged out of his house and tied to a car and taken away. That's the only kind of retribution that people like that understand. It's a disgrace that man hasn't been shot yet. Forget about him being arrested--the fact that he hasn't been shot yet is a disgrace. That's how I feel personally about it."

In 1992, Tyson was convicted of raping Desiree Washington, a beauty pageant contestant, and served three years in prison.

Read the full interview here.

[ SLIDESHOW: Mike Tyson: A (crazy) life in pictures ]

Thursday, April 12, 2012

Britain to boost Syria opposition support if no ceasefire

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Intel says 75 ultrabook models in the works

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You've got an iPad, yet you're still carrying around notebooks and pens? Let's put an end to that! Msnbc.com's Rosa Golijan explores some iP... Read more

48 min.

When you think of laptops that are extremely thin and light, the MacBook Air is generally the first one that comes to mind. Apple's svelte aluminum notebook has been the most successful at bridging the gap between form and function, but it's not the only one trying. Intel is spending literally hundreds of millions of dollars to develop and promote super-thin notebooks, which it calls "ultrabooks."

The problem is they haven't quite caught on yet, at least not as much as the MacBook Air has. Lackluster early models and high prices have prevented "ultrabook" from becoming a household name. But Intel is just getting started. They say that there are 75 new models in the works, and that prices are dropping as well.

While the expensive components and materials needed to make ultrabooks and other thin, light laptops initially put the devices in the over-$1,000 range, Intel has always maintained that the price should be far lower, and expects some to be available for $700 or less by 2012's back-to-school season.

The 75 new models were not described one by one, but presumably Windows 8 and other factors are to be thanked for this great variety. Devices with touchscreens, depth-sensing webcams, convertible form factors, and other non-traditional designs (like the Lenovo Ideapad Yoga, pictured) are sure to be included alongside the usual suspects.

Most of the major laptop makers are planning ultrabook releases, as the attractive and portable form factor has been shown (mostly by Apple) to be a popular market.

Devin Coldewey is a contributing writer for msnbc.com. His personal website is coldewey.cc.

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Wednesday, April 11, 2012

IG: Customs shelling out millions in workers' comp | Insurance For ...

The Customs and Border Protection agency racked up more than $62 million in workers? compensation payments in 2010, due partly to inadequate oversight, according to the Homeland Security Department?s inspector general.

CBP?s poor management of compensation case files, incomplete reviews of bills and Labor Department reports, and missing documentation from claimants call into question the accuracy of millions of dollars in workers? comp claims during the past five years, the IG concluded in a new report.

?We attribute these deficiencies to CBP?s organizational structure, which may not be suited to effectively manage the number of [Federal Employees? Compensation Act] cases, and to the lack of policies and procedures that would ensure effective case management,? the IG report said.

FECA provides compensation for wage loss and medical care for those injured or killed on the job, helps employees return to work, and pays benefits to survivors. It covers 2.7 million federal employees and postal workers, and paid out $1.9 billion in wage-loss compensation, impairment and death benefits, and $898 million in medical and rehabilitation services and supplies during the 2010 chargeback year, which ended on June 30, 2010. The funds come from the Employees? Compensation Fund, and most agencies repay the money through chargeback bills from Labor.

The IG cited specific cases in which CBP failed to properly oversee its workers? comp program, at taxpayers? expense. For example, in the agency?s 2009 chargeback bill, there were 110 instances in which the claimants? Social Security numbers did not match CBP?s records. In addition, one claimant received workers? compensation totaling $45,581 over two years ? after the employee returned to work.

CBP lacked a uniform system for managing cases, using paper and electronic files in documentation, and housing the information in various locations. In its response to the IG report, the agency said it is moving completely to a Web-based system by 2014, and has filed claims electronically in its eComp system since 2009. CBP officials agreed with all the IG?s recommendations for improving oversight of the workers? comp program.

The agency also has beefed up its review system, James Tomsheck, CBP?s assistant commissioner in the Office of Internal Affairs, said in response to the report. CBP has recouped $3.4 million from other DHS agencies for erroneous 2009 workers? comp charges and has corrected mistakes related to Social Security numbers, he added. The agency also is developing a plan, to be completed this month, to review all disability cases where medical evidence indicates that employees could return to work. In 15 of 140 case files the IG reviewed, medical reports showed that the employees? doctors had cleared them to return to work, yet CBP paid those employees $951,195 in workers? comp.

The IG recommended CBP conduct a workload analysis to ensure it has sufficient staff to effectively manage FECA cases. A 2007 change in policy resulted in 14 injury compensation specialists responsible for managing 11,299 compensation cases on the 2010 chargeback bill ? an average of 802 cases per specialist. CBP plans to complete an assessment this summer of its workload and staff to improve claims processing.

Many agencies have struggled with effectively managing the federal workers? compensation program. Earlier this year, the Government Accountability Office released a report concluding that the program remains vulnerable to fraud, mostly due to limited access to data.

Under FECA, employees disabled on the job can receive 66 2/3 percent ? or 75 percent for those with dependents ? of their basic salary tax-free, plus medical-related expenses. The 66 2/3 percent rate is comparable to most state systems, but many federal recipients, including those past retirement age, receive the 75 percent compensation rate. Claimants cannot receive FECA benefits and certain other federal disability or retirement benefits at the same time; they must have benefits reduced to eliminate any duplicate payments. There is no age limit for receiving FECA benefits.

Many have criticized FECA, saying it is too generous and should be reformed so that employees receive lower benefits and return to work faster. The 1916 law has not been amended since 1974.

The House in November 2011 passed legislation that aims to provide greater support for some feds injured on the job and to make the workers? compensation program more accountable. On the Senate side, the Homeland Security and Governmental Affairs Committee approved a postal reform bill ? also in November ? that includes provisions related to FECA. One measure, taken from legislation that Sen. Susan Collins, R-Maine, introduced in February, would convert employees on workers? compensation to the appropriate retirement system when they reach retirement age. It also would set the maximum compensation rate at 66 2/3 percent in most instances.

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Facebook's ?Defensive? Instagram Deal Could ... - Yahoo! Finance

[unable to retrieve full-text content]From the blog Facebook's ?Defensive? Instagram Deal Could Spur Flurry of Tech M&A: Josh Brown: Daily Ticker.

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Pressure mounts on Bahrain as hunger striker reaches 62nd day

Bahrain has been trumpeting its return to normalcy ahead of the Formula One Grand Prix that begins April 20. But now there is increasing pressure to cancel the car race.

In most countries, the supercharged Formula One (F1) car-racing circuit is marked by decadent celebrations, high-profile guests, and hundreds of millions of dollars of international investment.

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Bahrain missed out last year, when its plans to host the event were canceled after dozens of Arab Spring protesters were killed in clashes with security forces.
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The tiny Gulf kingdom was determined not to miss out a second time, and declared ahead of this year?s April 20-22 event that all is back to normal. The country?s slogan, ?UniF1ed? ? united behind the F1 race, was draped on banners lining skyscrapers, highways, and shopping malls.

But activists are trying to leverage the event to garner international support for their campaign for greater rights, particularly for the country's downtrodden Shiite majority. Amid persistent abuses and the increasingly desperate hunger strike of prominent human rights activist Abdulhadi Al-Khawaja, speculation is growing? that the race may be cancelled again.

For weeks leading up to the race, youths have gathered in the late afternoon in Shiite villages such as Abu Saiba to protest the event. Young men block the roads with debris, march through the streets until the security forces moved in by foot, and then retreat as tear gas rains down. Abaya-clad women scribble anti-F1 messages on the scarves they used to block tear gas from entering their mouths.

?We don?t want the F1 to be in Bahrain until the government respects human rights,? says Said Yousif, a leader at the Bahrain Center for Human Rights (BCHR) who sees the event as a way to give undeserved legitimacy to the government. Youths use even more blunt language.

This is the true race in Bahrain: A contest between two very different ideas about where the country stands 14 months after protests first broke out. To activists and much of the Shiite population, political change has been denied and delayed, but is still worth fighting for.

But to the government and an increasingly political group of Sunnis who have traditionally been loyal to the regime, Formula One is a sign that the troubles of 2011 are over. "Formula One [is one effort] bringing Bahrain back to life,? says Sawsan Al-Shaer, a columnist who says the protests have degenerated to a few radicals. ?Before 2011, this was Bahrain. Now, we are [once again] back in Bahrain.?

The stakes aren't just about perception. The grinding conflict stands to set this developed country back for years. Investment has essentially halted amid the political uncertainty, say businessmen, who note that no data exist on just how bad things are. The political rhetoric and the clashes on the streets are also hardening, with hundreds injured, dozens dead, and untold numbers who have been arrested or traumatized. That instability is far from welcome in a country situated at the heart of global geopolitical tension: just off the coast of Saudi Arabia, across the Persian Gulf from Iran, and home to the US Navy's Fifth Fleet.

Government supporters and several Sunni opposition groups date the end of the country's unrest to Nov. 23, when well-respected Egyptian Human Rights lawyer M. Cherif Bassiouni presented the findings of a government-commissioned Independent Commission of Inquiry (BICI) regarding the abuses that took place that year. The report was widely lauded for its extensive documentation of systematic abuses, including extrajudicial killings, torture, and arbitrary arrest.

On March 25, a government-appointed follow-up committee reported on its first steps toward implementing the recommendations ? which many Sunnis saw as a sufficient concession to the protesters.

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