JD Power and Associates has released its 2012 U.S. Member Health Plan Study and it revealed that in the face of the impact of the reforms to healthcare, almost four in every ten members of an employee sponsored health plan have said that they would use a health insurance exchange to shop for their insurance coverage if the opportunity was available. This is now the sixth study of its kind, which measures the satisfaction among the members of 141 different health plans within 17 American regions by looking into seven…
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Health insurance analysis suggests that insurance may be completely unaffordable by 2031
Two leading medical professionals have published a new analysis of the future of health insurance in the latest issue of Annals of Family Medicine. Richard A. Young and Jennifer E. Devoe have taken a look at the Affordable Care Act and how it will affect the health insurance industry from when it is fully enacted in 2014 to the state of the industry in 2037. The study assumes that the federal health care law is successful in its goal of lowering health insurance premiums. Despite this supposed success, the study…
Read MoreTowers Watson survey shows prices for commercial insurance continued their rise during Q4 2011
According to the results of the most recent Towers Watson Commercial Lines Insurance Pricing Survey (CLIPS), the prices for commercial insurance increased by a total of 3 percent throughout the final quarter last year, which completed a year in which every quarter saw rising prices for all lines of standard commercial products. Furthermore, according to the report by the global professional services company, earned price increases are starting to compensate for the portions of the reported claim cost inflation levels. Data from CLIPS showed that, yet again, the commercial property…
Read MoreA.M. Best report on Saudi Arabia insurance market shows a promising future for the country
A.M. Best, a global ratings and financial services firm that serves the insurance industry, has released a new report concerning the insurance market in Saudi Arabia. Over the past decade, the Saudi Arabian market has been inundated with its fair share of complications. Political turmoil and international pressures have stressed the market significantly in this time, but the market has shown profound resiliency to such factors. The report shows that the market’s ability to adapt to dramatic change has paved the way to a promising future. The report notes that…
Read MoreHomeowners insurance rates continue to skyrocket
Homeowners face increasing struggles as their home values continue to fall and maintenance costs continue to climb, with a new setback consisting of significantly higher insurance payments. Insurance rates for homes have been increasing steadily over the last few years, and the Insurance Information Institute has indicated that this year is expected to continue in that trend, with a rise of about 5 percent to reach an average of $1,004. This will have been the largest annual increase since the start of the recession, and will mark the first time…
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