Content tagged with Compliance posted in March 2013
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Some Healthcare Costs to Rise Under Affordable Care Act, Official Says
President Barack Obama's
top healthcare adviser acknowledged on Tuesday that costs could
rise in the individual health insurance market, particularly for
men and younger people, because of the landmark 2010 healthcare
restructuring due to take effect next year.
UK's Prudential Fined for Hiding AIA Takeover Plans
Prudential, Britain's
largest insurer, has been fined 30 million pounds ($45.5
million) for failing to tell the UK financial regulator about
its attempted takeover of Asian rival AIA three years
ago.
Assurant Settles With N.Y. Over "Force-Placed" Insurance
Assurant Inc settled a New York
probe of its "force-placed" insurance by agreeing to pay the
state a $14 million penalty, refund some homeowner premiums and
reform certain business practices.
Insurer Chief Risk Officers' Profiles Rise with Prominence of Tech: E&Y
Increased risk exposure to risk due to social media and channel proliferation, as well as a focus on data and analytics projects in the "big data" era, is raising the profile of the chief risk officer within the insurance enterprise, according to Ernst & Young.
Should Insurers Automate E-mail Deletion?
Regulation demands that insurers stick to their content storage policies in case of lawsuit. How regimented is your company?
What Should Be on the P&C Agenda for 2013
Whether through formal committees or ad hoc work groups, P&C insurers should have these four topics featured prominently on agenda for 2013.
Most Large Employers to Keep Health Insurance Benefit: Survey
Most large employers don't expect to
send their full-time employees to government health exchanges
for insurance during the next five years, but some retirees and
part-time workers will end up there, a new survey has found.
U.S. Health Insurers Launch TV War over Medicare Advantage Cuts
The U.S. health insurance
industry is escalating its lobbying battle against a proposed
Medicare Advantage pay cut to insurers by launching a television
and online advertising campaign to garner public support among
the program's 14 million beneficiaries.
Some U.S. Legislators Call for Cuts to Crop Insurance
A coalition of fiscal
conservatives on Tuesday called for a steep cut in federal
subsidies for crop insurance, setting up a clash with U.S. farm
groups that see the program as their top priority in a new farm
bill.
Conning/Milliman Partnership Boosts Economic Capital Modeling
Linking Milliman’s MG-ALFA system with Conning’s GEMS Economic Scenario Generator will respond to regulators’ and raters increasing demand for stochastic modeling capabilities and foster a holistic approach to risk management.
Q&A: Progressive's Usage-Based Insurance Licensing Program Explained
SMA's Mark Breading answers Insurance & Technology's burning questions about exactly how Progressive's licensing offer for usage-based insurance affects other interested carriers.
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