Tag archives for trends in the insurance industry
Insurers pulling out of markets in the wake of natural disasters
The natural disaster rate climbs as industry reevaluates high risk areas. Natural disasters seem to be happening more regularly, a fact that the global insurance industry is becoming uncomfortable with. In terms…
Severe weather leads to over $1.2 billion in insurance losses in March
Insurance industry gets hit with huge losses for 2012. Global reinsurance intermediary, Aon Benfield, which is also responsible for the Aon plc capital advising, has released its most recent Global Catastrophe report…
Climate Prediction Center heralds the return of El Nino this year
Insurance industry on El Nino watch. The Climate Prediction Center (CPC), a government agency that provides weather information to the insurance industry and others, has raised concerns that El Nino may make…
Medical loss ratio provision could have saved Illinois residents millions according to Commonwealth Fund report
Health care reform medical loss ratio study The Commonwealth Fund, an independent foundation based in New York that researchers health care policies, has released a new report concerning the medical loss ratio…
Major Chinese ship insurance company to cease Iranian oil tanker coverage
Commercial insurance market for oil tankers tightens A major insurer of Chinese ships has announced that, starting in July, it will be stopping its indemnity coverage for tankers that are transporting Iranian…
Court rules denial of benefits to same-sex couples to be discrimination
Same sex insurance coverage ruling The chief judge in a San Francisco court has deemed the denial of insurance benefits for a same-sex spouse to be a discriminatory act, and has ordered…
California insurance regulators clash with Aetna over insurance rate hikes
California health insurance industry go head to head with regulators Aetna Life Insurance has raised the health insurance rates for small employers in the state of California this month. The company has…
California pushes for insurance exchange despite fate of Affordable Care Act
California health insurance news update California seems to be moving ahead with its plans to build a health insurance exchange despite the current controversy surrounding the Affordable Care Act. The federal health…
Consumer Watchdog proposes new ballot initiative to curb health insurance rate hikes
California health insurance industry being eyeballed Consumer Watchdog, a non-profit advocacy group focused on the insurance industry, has proposed a new ballot initiative to the California Legislature that would put a stop…
Dallas-Fort Worth tornadoes spur concerns of insurance premiums
Report on Dallas tornado insurance claims Several powerful tornadoes cut a swath of destruction in the Dallas-Fort Worth area of Texas this week. The tornadoes caused a significant amount of damage to…
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