Microinsurance: Monitoring a Maturing Market
Microinsurance may cover as many as 1 billion people by 2020, according to the Microinsurance Network, but questions remain as to the potential profitability of the business in a given geography.
Aetna Profit Falls After Settlement
Aetna Inc said on Thursday that
fourth-quarter earnings fell sharply, as costs rose in parts of
its employer-based insurance business and it took charges for
settling litigation over payment practices for out-of-network
In CAT-Prone Haiti, Microinsurance Gains Steam
Sandy struck Haiti late last year, the home Guerda Pierre shares
with her three children and mother in Cabaret, north of
Port-au-Prince, was flooded - and so was the merchandise she
sold to make a living.
U.S. Government Warns of Hacking Threat to PCs
The U.S. Department of Homeland
Security urged computer users on Tuesday to disable a common
networking technology feature, after researchers warned that
hackers could exploit flaws to gain access to tens of millions
of vulnerable devices.
5 Insurance Ads That Score This NFL Season
Insurance is a heavily advertised product, and professional football is notorious for its commercial breaks. Those two factors combine for some inescapable insurance commercials.
WellPoint Posts Higher Profit
WellPoint Inc reported a
higher-than-expected fourth-quarter profit on Wednesday as it
kept medical costs down, but the second-largest U.S. health
insurer said it was taking a "prudent" view of 2013 in the face
of industry reform.
Customer Retention, Firmer Pricing Lift Travelers
U.S. insurer Travelers Cos Inc's
quarterly profit handily beat Wall Street expectations as it
charged more for insurance coverage while holding on to its
customers, sending its shares up as much as 5 percent to an
NAIC Names New CEO
Former Senator Ben Nelson brings legislative, regulatory and executive experience to CEO role.
Aetna to Sell Missouri Medicaid as Part of Coventry Deal
Aetna Inc said on Tuesday it
agreed to sell its Missouri Medicaid business to WellCare Health
Plans Inc as part of its purchase of Coventry Health
Care Inc because their combined Missouri businesses had
exceeded Medicaid membership limits.
Grading Insurers' Sandy Claims Response
The picture of how well or how poorly insurers responded to Hurricane Sandy is complex. While some carriers did outstanding work, others were slow to respond, disappointing the public, agents and brokers. Some carriers' legalistic wrangling about claims has magnified that disappointment.
P&C CEOs Speak Out on Regulation & Technology
At the recent Property/Casualty Joint Industry Forum in New York, six insurance company CEOs took the opportunity to evaluate Sandy response, debate the merits of regulation, and ruminate on the role of technology in the business. Here are some of the most interesting soundbites.
UnitedHealth Q4 Revenue Up, Costs Controlled
UnitedHealth Group Inc, the
largest U.S. health insurer, said on Thursday it kept
fourth-quarter costs under control and increased revenue by more
than 11 percent, helping earnings per share to rise.
Goldman Sachs to Sell Stake in Reinsurance Group
Goldman Sachs Group is
seeking a buyer for a majority stake of its $1.4 billion
reinsurance group, according to a copy of its January
presentation to potential buyers that was viewed by Reuters.
Gartner: Corporate IT Budgets to Fall Half a Percent
Corporate budgets for technology
spending are set to fall 0.5 percent in 2013 from last year's
levels as companies look to cut costs amid concerns about the
economy, according to a survey by Gartner Research.
Joplin Losses Still Not Settled 18 Months Later
With insurance companies still tabulating losses from the May 2011 Joplin, Mo., tornado, it's folly to expect any clarity on the full scope of even larger events like Hurricane Sandy for years.
AIG Board Meets on Possible Lawsuit vs. U.S. as Public Rages
The board of American International Group
Inc met on Wednesday to consider a lawsuit against the
U.S. government over the terms of the company's bailout, a
discussion directors defended as their responsibility but one
that critics condemned as the height of ingratitude.
The Reshaping of Auto Insurance
Strong forces that stand to reshape the sector include shifts to new types of coverage, alternative distribution channels, and redefined customer segments.