The implications of health care reform may significantly alter the operational pose of many health insurers. Like what you see? Click here to sign up for Insurance Networking News weekly newsletter to get the latest on breaking industry news, carrier technology implementations and developing business and technology trends. Speaking at the Reuters Healthcare Summit in New York, Aetna President Mark Bertolini told attendees that his company would to offer a wider range of health care services as the new law constrains traditional, insurance-related profit centers. Full Article…
When renting or buying a condo it is important to find out what your fee covers. Some people may get a shock as not everything will be covered by the fee that is passed over weekly or monthly. Most buildings will not expect you to take out extra insurance for things that are out of control such as building maintenance to the building.
Fire insurance for your condo can be taken out separately as the fire could be a result of your mistake. If you already have an existing property you should check that this is included. In that case that you did not have your own insurance, the condo association would not cover the damage as it would be your personal property. Full Article…
There many things that you have to consider when you’re trying to find the right liability insurance for a small business so that you know you’re covered if anything happens. Nobody can predict if anything is going to happen from now until the end of time if so is always best to have insurance in your corner to make sure that you is covered when you are working in a small business. There many things they need think about when you’re trying to find the right liability insurance for your business so that you do not end up spending more money than you need to and to make sure you’re getting the right coverage for your business general liability insurance. Here a Full Article…
With property/casualty rates in the U.S. still faltering, questions about cyclicality of the market are to be expected. Like what you see? Click here to sign up for Insurance Networking News weekly newsletter to get the latest on breaking industry news, carrier technology implementations and developing business and technology trends. Indeed, a new report from Dallas-based MarketScout notes that despite some moderation in the past year, the soft market has persisted for five years. “Since February 2005, rates have been cut in all areas regardless of how the data is measured,” says Richard Kerr, founder and CEO of MarketScout. “It Full Article…
NEWSWEEK named its 2010 Green Rankings. Insurers are among the 500 largest publicly traded U.S. companies the media outlet included. It measured revenue, market capitalization and number of employees. Then each company was given a score based on more than 700 metrics, including greenhouse-gas emissions, water use and solid-waste disposal. Like what you see? Click here to sign up for Insurance Networking News weekly newsletter to get the latest on breaking industry news, carrier technology implementations and developing business and technology trends. Many insurers made the top half of the list: 27. Travelers49. MetLife64. Full Article…
Intel is leading an alliance of global corporations with billions of dollars in combined annual IT investments on cloud standards and development, the technology maker announced. Like what you see? Click here to sign up for Insurance Networking News weekly newsletter to get the latest on breaking industry news, carrier technology implementations and developing business and technology trends. The coalition of end users, dubbed the Open Data Center Alliance, will present its future hardware and software requirements to Intel in an effort toward more open and interoperable cloud and data center solutions, according to an Intel news release. As advisor and lone technology provider of the group, Intel stated that it would work with its hardware and software partners to bring together open industry standards. Full Article…
The National Association of Insurance Commissioners’ (NAIC) Life Insurance and Annuities Committee at its fall meeting formed a new working group to evaluate next steps on a model bulletin designed to help regulators deal with the practice of stranger-originated annuity transactions (STOA). The action follows a public hearing held by the NAIC in May to begin to gather information on what the organization describes as a relatively new phenomenon, identified in similar fashion to stranger-originated life insurance transactions, or STOLI. Like what you see? Full Article…
If you are looking for life insurance that is not expensive, one of the options you should consider is term life insurance. There are actually two major forms of life insurance that you could buy, but investment type insurance tends to run into significantly more money than term life. The reason for that is quite simple in that investment type life insurance is just what it says, an investment in your future. It is like two products in one. Should you pass away before the policy matures, the beneficiary will be paid the face value of the policy. Full Article…