Casualty Actuaries Should Consider Foreign Customs, Economics, Politics
June 23rd, 2011
A bulletin from the Insurance Information Institute notes that a recent Casualty Actuarial Society seminar advises actuaries that when it comes to pricing global reinsurance business, it’s important to remember that “all risks are local.”
Athula Alwis, associate vice president and actuary with Freedom Specialty Insurance Company in New York City, pointed out that “actuaries need to understand the nuances of foreign customs, economics and politics when pricing risk abroad. These items differ greatly from what is found in the United States, and are examples of the differences that actuaries need to consider and work within.” Alwis and Andrew Marcell, CEO of global specialties at Guy Carpenter, spoke on “Pricing Global Risks” at the CAS Seminar on Reinsurance. The moderator was
Tags: Actuaries, Actuaries Should
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46 Posts of Things You Should Know Before You Break Your Lease
June 23rd, 2011
Sometimes it is unavoidable to break your lease. You may have been transferred with your job or you may have to move for personal reasons. Other times you may be looking to break your lease because of issues with the home or the landlord. Before you break your lease there are a few things you should be aware of. It is not always an easy process to get out of lease. Read through these articles to find out what you should know before breaking any lease.
Tags: Break Lease, Lease
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Medicare and Medicaid Fraud Conducted by Criminals Posing as Pharmacies
June 21st, 2011
Criminal enterprises are stealing millions from the health care system as they pose as pharmacies. federal officials say these so-called phantom pharmacies are billing Medicare, Medicaid and private insurance companies for fake prescriptions.
Pharmacy Scams Getting Out of Control
According to the Department of Health and Human Services (HHS), the scams are growing by the day.
Tags: Pharmacies
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Affordable Care Act Protects Consumers, Maintains Insurance Options, Helps Transition To New Marketplace In 2014
June 21st, 2011
Today, the Centers for Medicare and Medicaid Services (CMS) issued guidance to allow limited benefit, or “mini-med” plans, to apply for or renew a temporary waiver from annual limit restrictions through 2013. In 2014, annual limits for new health plans will be banned as high-quality, affordable, and comprehensive health insurance plans are made available through Health Insurance Exchanges. Until then, annual limits are phased out in order to preserve access to needed benefits and the affordability of coverage. CMS has granted temporary waivers from the annual limits provision of the law for plans that demonstrate that compliance with the phase-out of limits would result in a significant decrease in access to benefits or a significant increase in premiums. Read full post…
Tags: New, New Marketplace
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Insurance marketing: Referrals from colleagues
June 21st, 2011
Depending on what kind of agency you run—whether it’s for the general public or more aimed toward business customers—insurance leads from known professionals could be far more important than those from everyday people.
But even if you run an agency that isn’t focused on businesses, it could still be very helpful for you to gain a good word from others within your industry and even outside of it.
Here’s why:
Customers listen to businesspeople they trust. Say, for instance, someone has a mechanic he or she really trusts and whom the customer takes his or her car to on a regular basis. That cust
Tags: Insurance, Insurance Marketing
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Insurance marketing: Social networking and blogging
June 13th, 2011
One of the biggest buzz topics in insurance marketing right now is social networking, the practice of users sharing links, talking to one another and catching up via web-based tools available through personal computers, mobile phones and now tablet PCs like the iPad.
People can’t stop talking about it and its effect on how business is done. Some are saying it’s the new fact of insurance marketing and is here to stay; others dismiss it as a fad.
As much as it may seem to be the realm of teenagers, and despite how quickly social networking has exploded, the honest truth is that it is most certainly not going away. Tags: Insurance Marketing, Networking, Social Networking June 13th, 2011
Sens. Tom Harkin (D-Iowa) and Jack Reed (D-R.I.) want to make Medicare off-limits in negotiations over raising the federal governments debt limit. They argue that Medicare is too “complicated” (read: politically dangerous leading up to an election) to address when the heat is on concerning the debt. The upset victory of Kathy Hochul in upstate New York sends a clear message to politicians about the risks of leveling with the public about Medicares fiscal problems. Harkin and Reeds statements confirm Bill Clintons fears that Democrats will take this as an excuse to sit idly by while Medicare continues to drive up the federal debt. B Tags: Limit, No Limit June 13th, 2011 More women than men are unnecessarily referred for nuclear stress tests New research from cardiologists at Rhode Island and The Miriam hospitals suggests a possible gender disparity in how patients are referred for nuclear stress tests, an imaging technique that measures blood flow to the heart muscle both at rest and during periods of stress, such as exercise. Tags: Nuclear Stress, Nuclear Stress Test, Stress Test, Test
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