Content tagged with Compliance posted in November 2012
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N.Y. Governor Orders Insurers to Speed Up Sandy Claims
New York Governor Andrew Cuomo on
Thursday imposed emergency regulations on insurers to speed the
processing of claims from hundreds of thousands of state
residents whose properties were damaged or destroyed when
Superstorm Sandy struck a month ago.
U.S. Allows WellPoint-Amerigroup Deal to Proceed
WellPoint Inc can
move forward with its $4.5 billion purchase of health insurance
rival Amerigroup Corp after Amerigroup alleviated
antitrust concerns by selling operations in Virginia, the U.S.
Justice Department said on Wednesday.
Colombia to Offer Climate Change Insurance to Coffee Farmers
Colombia is launching insurance
to protect coffee plantations hit by climate change, which has
damaged output in the world's top producer of high quality
Arabica beans in recent years, officials said on Wednesday.
UK Also Grapples with Wisdom of Government Flood Insurance
In the wake of devastating flooding in England and Wales, the UK government is considering what it should do to insure losses.
White House Expected to Seek Billions in Sandy Aid
The White House is expected
in the coming days to send Congress a multi-billion dollar
request to fund recovery from Superstorm Sandy, which caused an
estimated $71 billion in damages in New York and New Jersey.
Cost Shifting: A Fresh Look at Soft Fraud
While safety has increased and frequency of injury has decreased, severity of injuries has increased, suggesting that medical providers are shifting costs from government and private health payers to casualty insurers.
AIG to Bid on Chinese State-Owned Insurer
Chinese state-owned insurer
PICC Group has secured pledges from American International Group
(AIG) and other investors to buy about half of its up to
$3.6 billion IPO, set to be the biggest in Hong Kong in two
years.
U.S. Releases New Health Insurance Reform Rules
The U.S. administration on
Tuesday proposed new health insurance rules aimed at ending
discrimination against the sick and guaranteeing minimum
benefits for millions of Americans who are expected to obtain
coverage under President Barack Obama's healthcare reform law.
AIG Bailout Lawsuit Vs. N.Y. Fed Dismissed
The Federal Reserve Bank of New
York won the dismissal of former American International Group
Inc Chief Executive Maurice "Hank" Greenberg's $25
billion lawsuit accusing it of acting unlawfully in bailing out
the insurer during the 2008 financial crisis.
Protective Life Names New Chief Risk Officer
Michael Temple joins the company from Unum.
Assessing the NFIP in Sandy’s Wake: Q&A with Rep. Earl Blumenauer
If Hurricane Katrina starkly exposed the fiscal inadequacy of the National Flood Insurance Program, Hurricane Sandy has only re-emphasized the need to maintain the momentum of reform in progress. Oregon Congressman Earl Blumenauer, a champion for reform of the NFIP, shared thoughts with I&T.
Bring It On: With Eye on the Future, AIG Returns Core Insurance Operations to AIG Brand
With eye on the future, AIG returns core insurance operations to AIG brand; "AIG as a global insurance brand is back," declares president and CEO Robert Benmosche, in explaining new branding and "brand promise" strategy.
Impact of 2012 Election on Insurance: More of the Same?
Regardless of the implications for the insurance industry of the reelection of Barack Obama as U.S. president, insurers are still facing an increasingly complex and tech-driven competitive environment.
Obama, Romney Solutions to Stimulating the Economy
The health of the U.S. economy has been central to the campaign for the White House, with both President Barack Obama and Republican challenger Mitt Romney seeking to
convince voters they have a plan to usher in faster growth and job creation.
Allstate Won't Apply Hurricane Deductibles for Sandy Victims
Allstate and Allstate New Jersey say tropical cyclone and hurricane deductibles on property policies will not be applied for Northeast and several Mid-Atlantic states affected by last week's superstorm.
Sandy's Aftermath: Dispatches from Hoboken, New Jersey
Sandy's Aftermath: ispatches from Hoboken, New Jersey; reflections on community, loss, and the possible role of the insurance and banking industries.
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