Archive | May, 2012

A New Era Of Paperless Medicaid Enrollment Is Launched In New York City

Thousands of New York City residents are receiving faster, more timely access to health care coverage, thanks to a new paperless enrollment system — Facilitated Enrollment Electronic Application (FEEA™) — that has been embraced by Health Plus, a leading New York City provider of public health insurance…

NAIC Adopts Assumptions On RMBS

The National Association of Insurance Commissioners Valuation of Securities Task Force has adopted economic assumptions regulators will use to reevaluate residential mortgage-backed securities.
The assumptions were released in a discussion draft on Nov. 25 and voted on Dec. 2 in a conference call.
The assumptions summarize a presentation made by Pacific …

Property insurance rates stabilize in 3rd quarter

The hardening market property insurance buyers faced in the first half of 2009 eased considerably in the third quarter, according to a report from Chicago-based brokerage Aon Corp.
During the first half of the year, property insurance rates increased on average between 4% and 5%, and more than 20% in some …

Asbestos, environmental losses lowest since 2000

The U.S. property/casualty insurance industry’s 2008 asbestos and environmental losses were the lowest since 2000, according to a report by A.M. Best Co. Inc. slated to be released Monday.
According to the report, net incurred asbestos losses dropped 49.9% to an estimated $1.3 billion in 2008 from a year earlier, while …

NAMIC: New Mexico’s Proposed Audit Rule Too Burdensome

The National Association of Mutual Insurance Companies is voicing strong criticism of a model audit rule for insurance companies proposed by New Mexico Insurance Department officials.
In a written statement and through testimony at a hearing, a NAMIC regional official called the proposal a “radical and imprudent departure” from the National …

J.D. Power and Associates Reports: Despite Higher Customer Satisfaction with the New-Vehicle Sales Process, Automotive Brands, on Average, are Losing 12 Percent of Buyers to Competitors Due to Poor Customer Treatment

The study is a comprehensive analysis of the new-vehicle purchase experience. Overall customer satisfaction is measured for five factors: dealership facility; salesperson; paperwork/finance process; d…

Insurance.com RateWatch: Car Insurance Rates Dropped Significantly in 2009

CLEVELAND, Dec. 8 /PRNewswire/ — Insurance.com, the largest independent online auto insurance agency in the United States, today released its RateWatch report, which found that car insurance rates ac…

Insurance.com RateWatch: Car Insurance Rates Dropped Significantly in 2009 ; Lower rates look to provide relief to drivers in 2010

CLEVELAND, Dec. 8 /PRNewswire/ — Insurance.com, the largest independent online auto insurance agency in the United States, today released its RateWatch report, which found that car insurance rates ac…

Allstate analyzes car crash claims to rank 49 Ontario communities

St. Thomas has the safest drivers, while GTA communities bring up the rear TORONTO, Dec. 8 /CNW/ – St. Thomas has the lowest rate of car crashes in all of Ontario, according to Allstate Insurance Comp…

Health Reform Too Important For Further Delays, Australia

AMA President, Dr Andrew Pesce, said today that the Council of Australian Governments (COAG) had failed to meet widespread expectations that it would reveal some signs of national consensus on meaningful health reform. Dr Pesce said the health system is under extreme pressure and further delays in reform would exacerbate existing problems, especially in public hospitals…