AM Best has released the 2009 review of the excess & surplus lines (E&S) insurance market, called 2009 Special Report, U.S. Surplus Lines – Market Review. The annual review is conducted by AM Best from a grant provided by the Derek Hughes/NAPSLO Educational Foundation and has been produced annually for a number of years. The review notes:
- Market competition has driven both premiums and profitability down
- Surplus lines premium totaled $34.4 billion in 2008, while the entire property/casualty insurance industry premium totaled $493 billion
- Read the rest of this entry »
An insurance company near Lansing is among those approved for tax breaks by a Michigan economic development board.
Auto-Owners Insurance Group would get credits valued at $23 million over 10 years if it follows through on plans for an expanded headquarters in Eaton County’s Delta Township. Construction could begin after 2012.
Other credits approved Tuesday would go to Strategic Staffing Solutions in Detroit for an information technology project and to Ohio Module Manufacturing for a project that would supply a Chrysler Group plant in Detroit. Read the rest of this entry »
Posted by admin | Posted in Uncategorized | Posted on 28-10-2009
Consumers across the country soon will be able to find impartial information about out-of-network health care costs on a new Web site, New York Attorney General Andrew Cuomo said Tuesday.
The information will be collected by a new not-for-profit company, FAIR Health, in partnership with a research consortium based at Syracuse University, Cuomo said.
The new database “will bring much-needed transparency, accountability and fairness to a broken consumer reimbursement system” and could benefit more than 100 million Americans nationwide, Cuomo said. Read the rest of this entry »
Healthcare Reform. Just say the words lately and everyone seems to have an opinion. Town Hall meetings are getting a lot of hits on YouTube lately but it’s not because of the educational content. One common thread that I see in all this is hoopla is the amount of misinformation. So this week, I want to take a look at what I see as the Top 10 Health Insurance Reform Myths:
- Comparative Analysis will dictate what procedures doctors will be able to use with their patients. Chances are, with health reform changing daily, you’ve forgotten about this provision that was provided for in the Stimulus Package that was passed wa-a-y back in March. What this does is to investigate which treatment procedures have the best chance for success in the general public. It is investigational only and is specifically prohibited by the same law to let government force the procedures to be used. Read the rest of this entry »
Senator Tom Harkin, the chairman of the Senate health committee, predicted on Friday that Congress would pass sweeping health care legislation before Christmas. And he said it would include a new government insurance plan — the so-called public option — which would compete with private insurers.
“The vast majority of the Senate Democratic caucus is for the public option we have in our bill,’’ which was approved by the health committee in July, Mr. Harkin said.
A competing bill approved this week by the Senate Finance Committee does not include a public insurance plan, but would set up private nonprofit insurance cooperatives across the country. Read the rest of this entry »
AM Best has released the 2009 review of the excess & surplus lines (E&S) insurance market, called 2009 Special Report, U.S. Surplus Lines – Market Review. The annual review is conducted by AM Best from a grant provided by the Derek Hughes/NAPSLO Educational Foundation and has been produced annually for a number of years. The review notes:
