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Insurance & Technology November 15, 2006 Anthony O'Donnell |
One Step Closer Another step toward the adoption of an optional federal charter was taken at the end of September when Congressman Ed Royce introduced the National Insurance Act of 2006. |
Insurance & Technology June 15, 2009 Anthony O'Donnell |
Five Insurance Trade Groups Sign Statement Supporting Optional Federal Charter The statement will be presented at the June 16 hearing on Risk and Insurance House Financial Services Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. |
Insurance & Technology November 14, 2007 Kim Dorgan |
Life Insurance Industry Would Benefit From Optional Federal Charter The future of insurance regulation remains one of the most critical issues facing the life insurance industry. |
Insurance & Technology December 23, 2005 Anthony O'Donnell |
Reform in Sight According to a recent study, regulatory compliance under the present state-by-state system will cost the life insurance industry $11 billion over the next decade. Still, given the recognition by all parties that change is needed, some kind of regulatory reform is inevitable. |
Insurance & Technology June 1, 2006 Maria Woehr |
The Big (Not So) Easy The Louisiana Senate Insurance Committee has approved legislation that the Property Casualty Insurers Association of America fears could raise rates for consumers and drive insurers that still are dealing with the effects of Hurricane Katrina from the Louisiana market. |
Insurance & Technology May 3, 2006 Maria Woehr |
Opting In or Out? As the optional federal charter for insurers hits the Senate floor, industry leaders weigh cost savings and enhanced competition against possible risks to insurance carriers -- and policyholders. |
Insurance & Technology March 16, 2004 Anthony O'Donnell |
Minimizing Reinsurance Risks A new Celent study finds tech investment, along with attention to people and processes, can help P&C insurers maximize their reinsurance recoverables. |
Insurance & Technology September 14, 2006 Maria Woehr |
One Charter to Rule Them All? Insurers, analysts and vendors are weighing the benefits and risks of the National Insurance Act of 2006 - a plan to adopt an optional federally chartered regulatory system - as well as the impact the federal regulation could have on IT systems. |
Investment Advisor February 2009 Marlene Y. Satter |
Presidential Directions The National Association of Insurance Commissioners has a new president, Roger Sevigny, the New Hampshire insurance commissioner. |
Insurance & Technology November 14, 2007 Frank Nutter |
Reinsurers Need To Address Catastrophe Risk and Regulatory Issues in 2008 Although reinsurers have been very responsive to the demand for risk transfer from the primary insurance companies in the past, it is a continually growing market demand |
Insurance & Technology January 17, 2006 Maria Woehr |
Constant Change The coming year's regulatory and political agenda could result in requirements for reform and increasing technology investments, which could alter the business environment for property and casualty, life, and health insurers alike. |
Registered Rep. March 6, 2009 Halah Touryalai |
Federal Regulator For Insurance Firms? Barney Frank says Yes. House Financial Services Committee Chairman Barney Frank gave insurance lobbying groups something to argue about, saying he wants lawmakers to create an optional federal charter for insurance companies. |
Insurance & Technology January 5, 2007 Peggy Bresnick Kendler |
An Eye on the Future Insurance industry association executives speculate on the most important issues and challenges facing the insurance industry in 2007. |
Investment Advisor August 2008 Marlene Y. Satter |
Careful What You Wish For Treasury proposes big change, but will insurance companies be happy? |
Investment Advisor May 2007 Marlene Y. Satter |
Swept Away? Congressional action could mean major changes ahead for the insurance industry. |
Managed Care June 2001 Michael Levin-Epstein |
Health Plans, Insurers Unsure About Likely Effect of Gramm-Leach-Bliley Insurers and financial institutions are flooding customers' mailboxes about their rights to protect medical and financial information under what's better known as the Gramm-Leach-Bliley Act. But just how GLB will affect health plans isn't totally clear... |
Insurance & Technology February 19, 2004 Julie Gallagher |
Tech Could Assist State-Based Reform Acknowledging that legacy technologies are not the only antiquated systems in insurance, carriers, trade associations and commissioners are aggressively approaching the regulatory reform of the insurance industry |
Managed Care September 2002 John Carroll |
Profusion of Health Care Laws Creates Compliance Problems for Health Plans The standoff has led to an epic legal struggle between business interests hungering for a uniform federal standard and local interests that are fiercely protective of states' longstanding right to dictate insurance law. From the perspective of managed care, things are rapidly worsening. |
Insurance & Technology July 25, 2005 Katherine Burger |
A Matter of Time Federal regulation of the U.S. insurance industry is coming - maybe not this year, or even for a few years, but it is inevitable. |
BusinessWeek April 25, 2005 Mike McNamee |
Watchdogs With Eyes Wide Shut As investigators pore over the books of AIG, it's becoming clear that for years regulators failed to detect lapses in the insurance industry. |
Insurance & Technology March 27, 2009 Anthony O'Donnell |
Insurance Industry Groups React to Treasury Secretary's Statements to House Committee Speaking before the House Financial Services Committee, Geithner was forthright about the need for systemic risk regulation but his comments on optional federal charter were subject to interpretation. |
BusinessWeek August 25, 2003 Nanette Byrnes |
Pensions That Discriminate against Older Workers With modern retirement plans increasingly under attack by older employees, it's becoming clear that a company's best interests are not always going to intersect with those of all its workers. That's why Congress needs to step up with clear legislation that would reform federal pension laws. |
The Motley Fool October 13, 2009 Brian Orelli |
Health-Care Reform: You Can't Have It Both Ways Requiring insurers to cover pre-existing conditions needs to go hand-in-hand with requiring healthy people to purchase insurance. |
Insurance & Technology April 3, 2009 Anthony O'Donnell |
Industry Reacts to Federal Insurance Regulation Bill Insurance industry associations argue the benefits or drawbacks of federal regulation, optional federal charter and the priority of addressing systemic risk over shortcomings of the existing state-based regulatory regime. |
The Motley Fool November 9, 2009 Brian Orelli |
Health-Care Reform: A Tale of Two Chambers Halfway done, but the battle is just heating up. |
Insurance & Technology April 3, 2008 Katherine Burger |
No Surprises in Insurance Industry's Mixed Reception for Treasury Department's Endorsement of Optional Federal Charter Concerns about competitive advantage inspired the life insurance industry's welcome of the Treasury's call for an optional federal charter as part of broad regulatory reform proposals for financial services. |
National Defense February 2008 Joseph J. Summerill |
Congress to Enact New Accountability in Contracting Congressional interest in oversight of government contracting began early last year with separate bills during the first three months of the 110th Congress in both the House and Senate that provided for contractor oversight and limited the number of sole source contracts. |
Insurance & Technology November 28, 2005 Maria Woehr |
Going SERFFing The System for Electronic Rate and Form Filing may provide a possible solution to reforming the current insurance regulatory system. |
Insurance & Technology March 6, 2009 Anthony O'Donnell |
Rep. Melissa Bean Says Federal Insurance Bill Imminent The Illinois Representative's statements call into question whether a proposed federal charter for insurers large enough to pose systemic risk to the financial services industry would be optional or mandatory. |
Investment Advisor April 2010 Marlene Y. Satter |
Insurance Update: Implementing Healthcare NAIC is closely watching the reform debate to see how it will affect insurers and insured. |
Insurance & Technology August 19, 2004 |
Scoring Discrepency Property Casualty Insurers Association of America (PCI) opposes National Association of Insurance Commissioners' (NAIC) recommendations on use of credit scores. |
Investment Advisor August 2005 Melanie Waddell |
Retirement Plan Advisor: The Capitol Solution Washington lawmakers are rolling out bills meant to untangle retirement's financial knot. |
Insurance & Technology July 19, 2004 Julie Gallagher |
Modernization Boosts Speed to Market The more states that opt into the NAIC's Interstate Insurance Product Regulations Compact, the better off carriers will be. |
Insurance & Technology June 16, 2004 Julie Gallagher |
Lawmakers Push Insurance Tech In recognition of the changing technological environment and opportunities for e-commerce in insurance, The Illinois Department of Insurance is encouraging the industry to modernize insurance regulations. |
Insurance & Technology June 30, 2010 Anthony O'Donnell |
Insurance Trade Associations Mostly Relieved by Financial Reform Bill Deal Duplicative federal regulation of the insurance industry is essentially absent from the Dodd-Frank bill that emerged from a Marathon session in Congress June 25. |
Insurance & Technology February 9, 2004 Julie Gallagher |
Associations' Priorities Run the Gamut Insurance industry associations will seek to influence public policy and enforce technological efficiency in 2004. |
Insurance & Technology June 1, 2006 Maria Woehr |
Mass. Revision Technology will play a key role in supporting the Massachusetts healthcare reform legislation - which possibly could serve as a blueprint for a national model - that would establish affordable health insurance for all residents. |
Insurance & Technology April 21, 2010 Anthony O'Donnell |
NAIC Meeting's Emphasis on Solvency Will Drive Insurance IT Spend The NAIC's Solvency Modernization Initiative will drive regulation that supports global regulatory transparency and necessitate risk management and reporting technology modernization, according to Deloitte. |
National Defense October 2012 Karen L. Manos |
Contractors Charging the Federal Government For Pension Contributions Is Not Corporate Welfare In full election-year mode, news media have been awash in articles, blogs and reports urging Congress to stop the "corporate welfare" of reimbursing federal contractors' pension costs. |
Insurance & Technology July 23, 2009 Anthony O'Donnell |
Conning: Life Insurers Prepared for Optional Federal Charter Will Enjoy Competitive Advantage Insurers prepared for what Conning calls a likely single-licensure will gain a significant advantage in the event of federal regulation of some portion of the life insurance industry, according to the research firm. |
Insurance & Technology February 19, 2009 Anthony O'Donnell |
Federal Insurance Regulatory Proposal Draws Fire, Support Opponents of the National Insurance Consumer Protection and Regulatory Modernization Act (NICPRMA) call the bill an attempt to shoehorn optional federal charter into government regulatory activity meant to address systemic risk within financial services. |
Investment Advisor June 2006 Elizabeth Festa |
B/d Briefing: Regulating Annuity Sales The NASD is taking steps to assess oversight of the sales of all types of annuities by the patchwork quilt of regulatory agencies overseeing the products and move toward a level playing field of regulation without formulating any new rulemaking of its own. |
Insurance & Technology November 10, 2008 Anthony O'Donnell |
IT Will Power Insurance Industry Response to Crisis Technology spending will be a critical factor for insurers wishing to both take advantage of opportunities provided by the current crisis and address heightened compliance and risk management concerns. |
HBS Working Knowledge September 19, 2011 Maggie Starvish |
Doomsday Coming for Catastrophic Risk Insurers? Insurance "reinsurers" underwrite much of the catastrophic risk insurance. Problem is, says Harvard Business School Professor Kenneth A. Froot, reinsurers themselves are in danger of failing from a major catastrophic event. |
Managed Care December 2000 Maureen Glabman |
Downstream Without a Paddle State legislatures that tackle medical group insolvencies have come up with strategies that sometimes shift accountability to HMOs... |
Insurance & Technology November 22, 2007 David West |
The Three R's Will Drive Carriers' Fates in 2008 The manner in which carriers respond to risk, revenue and regulation in 2008 will determine their fates in 2009 and beyond. |
Managed Care December 2000 Mark D. Abruzzo |
Some States Seek To Close Prompt-Payment Loopholes Many states have laws governing the timeliness of claims payments to physicians, hospitals, and other providers, but few such statutes have any real effect because of lack of enforcement or clarity. Some states are toughening their so-called prompt-payment laws, at the expense of insurers... |
CFO December 1, 2006 Alix Nyberg Stuart |
Should You Buy D&O ASAP? Directors' and officers insurance rates have dropped, but recent settlements may swing the pendulum in the other direction. |
Managed Care September 2004 |
Headlines On Deadline ... The IRS has given health insurers extra time... HMOs now have more than... Employer-sponsored coverage seems to be eroding... |
Insurance & Technology October 31, 2006 Maria Woehr |
Paying for the Future The Pension Protection Act of 2006 also may influence insurers to make more investments in sales illustration tools, predictive modeling, business tracking applications, Web services and service-oriented architecture to facilitate communication with customers. |