Wyoming’s Joint Corporations, Elections and Political Subdivisions Interim Committee has endorsed a draft fraud bill that would protect insurers from civil liability for furnishing information relating to insurance fraud and unfair trade practices to law enforcement agencies. According to the …
New U.S. health insurance spending rules aimed at ensuring more customer dollars go toward medical care were finalized on Monday, ending a source of uncertainty for investors in the sector. Although the limits are mandated in the new healthcare law, …
Even though Ireland’s financial crisis continues to make headlines, it’s not by any means a national meltdown, and it doesn’t appear to pose a threat to any of the re/insurance companies and brokers, who have substantial operations in the country. …
Property/casualty insurers will have some extra time to comply with new Medicare and Medicaid liability claims reporting requirements. The Department of Health and Human Services Centers for Medicare and Medicaid Services (CMS) announced that it will delay the implementation of …
Ambac Financial Group Inc., which was the second-largest U.S. bond insurer before suffering huge losses on risky mortgages, filed for Chapter 11 bankruptcy on Nov. 8. The filing cements Ambac’s decline from a company that once guaranteed payments on more …
Repeal reform? No thanks, say health insurers, drugmakers and others looking for a clearer picture of the U.S. healthcare market after the bruising passage of the controversial overhaul law. Company executives at the Reuters Health Summit this week said the …
Aon Benfield announced that it is “advising re/insurers that rating agencies are likely to increase their scrutiny of catastrophe risk in Asia and that many companies will have to make substantial investments to address this.” The bulletin noted that the …
California Insurance Commissioner Steve Poizner has announced he is filing a lawsuit challenging a California Office of Administrative Law (OAL) determination, issued last month that his efforts to stop insurers from investing in Iran constituted an “underground regulation.” The commissioner’s …
Aon came up with the conclusion that although recent events have “increased demand and enquiries for business interruption insurance,” there is a “decreasing appetite of insurers to pay claims for this type of insurance.” The conclusion came from delegates at …
Proposed 30 percent increases in what medical providers in New York are paid for treating workers’ compensation injuries could have unintended consequences for the state’s motorists, an industry group has warned In a letter to the New York State Workers …
