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News & Commentary
Content tagged with Compliance posted in March 2013
Some Healthcare Costs to Rise Under Affordable Care Act, Official Says
News  |  3/27/2013  | 
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
News  |  3/27/2013  | 
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
News  |  3/22/2013  | 
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
News  |  3/19/2013  | 
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?
Commentary  |  3/13/2013  | 
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
Commentary  |  3/11/2013  | 
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
News  |  3/7/2013  | 
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
News  |  3/7/2013  | 
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
News  |  3/6/2013  | 
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
News  |  3/5/2013  | 
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
News  |  3/5/2013  | 
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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