Insurance News

Posts Tagged ‘industry

The economic malaise and mounting catastrophe losses will continue to depress the insurance industry, a new report from Standard & Poor’s Ratings Services says.

The report, “Fewer Downgrades Expected For North American Insurance Holding Companies, But Negative Outlook Remains,” notes that the company‚Äôs outlook on the sector has been negative since the onset of the financial crisis. As the economic downturn lingers and investment income falters, Read the rest of this entry »

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Bed-bug infestations in the United States have multiplied at an alarming rate in recent years.

A recent survey of almost 1,000 pest exterminators found that 95% of the firms had dealt with a bed-bug infestation in the past year. That was up from 25% of firms in surveys conducted before 2000. The National Pest Management Association, which did the surveys with the University of Kentucky, described the trend as a pandemic.

Bed bugs are Read the rest of this entry »

WASHINGTON?Two property/casualty insurance industry groups and a self-insurance group asked the U.S. government Friday to delay implementation of mandatory Medicare secondary payer reporting requirements.

The requirements that are to go into effect April 1 are designed to ensure that Medicare remains the secondary payer when a Medicare beneficiary has medical expenses that fall under the primary responsibility of liability insurance?including Read the rest of this entry »

We made it! This exceedingly volatile, outrageously expensive and mercilessly cruel first decade of the new millennium careened to a chaotic close and somehow, incredibly, the property and casualty insurance industry crossed the finish line more or less intact.

The odds were certainly against us. The decade witnessed two recessions, a pair of wars, terrorist attacks, record catastrophe losses, global warming, record oil prices, the biggest Read the rest of this entry »

WASHINGTON ?Property and casualty insurance trade groups are uniting to oppose a proposed Senate health care reform amendment to merge medical components of workers? compensation and auto insurance with health insurance.

The provision, known in industry parlance as ?24-hour health coverage,? was proposed yesterday by Sen. Jay Rockefeller, D-W.Va.

In a letter to the Senate Finance Committee, which was not expected to Read the rest of this entry »

WASHINGTON ?Property and casualty insurance trade groups are uniting to oppose a proposed Senate health care reform amendment to merge medical components of workers? compensation and auto insurance with health insurance.

The provision, known in industry parlance as ?24-hour health coverage,? was proposed yesterday by Sen. Jay Rockefeller, D-W.Va.

In a letter to the Senate Finance Committee, which was not expected to Read the rest of this entry »

LTC Connection Inc., a company providing web based insurance and marketing tools to the industry since 1999, has just released a new product allowing LTC insurance professionals to offer their own classroom and online training programs. This new program, Partnership Training in a Box, provides professionals and organizations with a turn-key system including everything they need to conduct the training.
LTC Connection?s Continuing Education Read the rest of this entry »