Overby-Seawell Company Changes Name to OSC
OSC’s specialty is protection and risk analysis of the collateral securing commercial, vehicle and residential real estate lending. Its collateral tracking technology is an industry leader and provides the platform for its risk management services to financial institutions. OSC also provides tax and escrow services.
The new name comes at a time when OSC is rapidly expanding beyond its traditional market in the Southeast United States. “We felt we needed a new branding strategy as the company now serves some of the largest financial institutions throughout the United States,” explained CEO Larry Overby. “We have expanded our customer base providing lender-placed collateral protection services to large and small banks, credit unions, finance companies and mortgage servicing companies,” Overby said.
In 2010 OSC was acquired by the Breckenridge Insurance Group a specialty underwriter, wholesale insurance broker and insurance services company with offices throughout the United States.
OSC’s roots date back more than 20 years in the lender-placed financial community. Collateral protection insurance is triggered by a lapse in insurance coverage by the borrower on the collateral, such as a car or single family home, securing a loan by a financial institution. Today, OSC provides its insurance and risk services to more than 1,200 lenders.
For information about OSC, go to its website, www.oscis.com . For additional information contact CEO Larry Overby or COO Ted Lamb at (800) 432-1258.
Breckenridge Colorado Car Insurance - News
Mentors must be 18 or older and have a car and car insurance. They are asked to spend a few hours a week with a child and make a commitment for a year. • Donations of stocking stuffers for the children, such as key chains, small toys, pens, pencils,
In 2010 OSC was acquired by the Breckenridge Insurance Group a specialty underwriter, wholesale insurance broker and insurance services company with offices throughout the United States. OSC's roots date back more than 20 years in the lender-placed
Uninsured rate jumps as Colorado employers cut health benefits ...
By Katie Kerwin McCrimmon
A sharp drop in employers who offer health insurance and Colorado’s ailing economy have led to a dramatic surge in the number of Coloradans who are either uninsured or underinsured.
The Colorado Health Access Survey , a new report from The Colorado Trust and the Colorado Health Institute , has found that more than 1.5 million Coloradans – or nearly one in three residents – either have no health insurance or are underinsured, meaning they spend more than 10 percent of their income on out-of-pocket medical expenses.
The number of Coloradans getting their insurance through employers dropped to 57.8 percent this year from 63.7 percent two years ago. During that same period, the number of Coloradans without health insurance has jumped from 678,000 to 829,000.
“That’s a huge number of people. Just think of 150,000 people. That’s the population of Grand Junction,” said Dr. Ned Calonge, president and CEO of The Colorado Trust. “The impact on individuals is almost unimaginable.”
The increase from 14 percent to 16 percent of Colorado’s total population means that one of every six Coloradans has no health insurance. (Click here to see analysis of the data by Solutions ‘ partner, I-News Network .) Instead, many sick people are seeking care in expensive hospital ERs or are flooding safety net clinics, many of which now have months-long waiting lists. (Read Solutions ‘ earlier coverage: Poor patients stuck on waiting lists .)
Driving the dramatic changes are job losses and rising costs for health insurance. More and more employers are dropping health insurance coverage while individuals say they can’t afford it. Among survey respondents, the No. 1 reason by far for not having health insurance was cost, with 85 percent of those surveyed saying they couldn’t afford health insurance. Forty percent of respondents said their employer didn’t offer insurance and 39 percent said they didn’t have coverage because they lost or changed jobs. The survey also found a spike in the number of Coloradans who are “chronically uninsured,” meaning they’ve been without health insurance for at least a year. That percentage jumped to 60 percent from 56 percent two years ago. Among the uninsured, 52 percent were out of work, compared with 47 percent who were jobless in 2009.