FEATURED INDUSTRY NEWS Legislation/Regulation P&C Recent Stories REINSURANCE/ILS Uncategorized WRIN.tv Newswire A Trump Administration… Insurance Leaders Comment on Impact to Industry. On the Road at the Joint Industry Forum in New York, WRIN.tv asked several insurance trade association executives to consider the impact of the new Trump Administration on various sectors of the insurance industry. Here, we share the hopes, concerns and expectations of: Michael Morrissey, President & Chief Executive Officer of the International Insurance Society (IIS) David Sampson, President and … Read More
WRIN.tv Newswire U.S. Health & Welfare Funds Industry Expected to Earn Revenue of $189.3 billion in 2016 – IBISWorld The Obama administration introduced the Affordable Care Act (ACA) in an attempt to temper medical cost inflation and decrease the uninsured rate. For this reason, industry research firm IBISWorld has updated a report on Health & Welfare Funds. NEW YORK, Dec. 29, 2016 /PRNewswire/ — The industry provides healthcare coverage and welfare-related benefits to employees, unions and other professional associations. Thus, … Read More
WRIN.tv Newswire Nearly Half of Employers View Employer Mandate as Top Health Care Concern Going into 2017 New Aon data reveals health care issues that are top of mind for employers in the wake of the election LINCOLNSHIRE, Ill., Nov. 18, 2016 /PRNewswire/ — With the results of the 2016 election now in the record books, Congress and the president are set to engage, for the second time in less than a decade, in a debate over … Read More
WRIN.tv Newswire U.S. Risk Management, Insurance Advisory and Consulting Industry is Expected to Earn Revenue of $32.8 Billion in 2016. Industry demand has risen, leading to strong profit growth for operators. For this reason, industry research firm IBISWorld has updated a report on Risk Management, Insurance Advisory & Consulting in its growing industry report collection. NEW YORK, Nov. 7, 2016 /PRNewswire/ — The Risk Management, Insurance Advisory and Consulting industry has continued to strengthen since the recession, as demand for … Read More
Brokers/Consultants Data/Tech/Modeling Health Insurance Homeowner/Renter/Auto Insurers finding “relevance” in Big Data and “Holistic Lifestyle” coverage Bryon Ehrhart , Global Head of Strategic Growth & Development at Aon Benfield, discusses the threats and opportunities in today’s insurance market. Mr. Ehrhart says the threats do not surround the same issues faced 20 years ago after Hurricane Andrew and the Northridge Earthquake. Now that the industry has managed the risk down to lower levels of earnings and capital, … Read More
Companies EMERGING TRENDS FEATURED INDUSTRY NEWS P&C Recent Stories RPS President to continue M&A strategy…says ACA drives up loss costs in workers comp/GL, and more… Risk Placement Services (RPS) President Joel Cavaness discusses the company’s acquisition strategy, the effects of El Niño and the Affordable Care Act on the insurance industry, cyber risk and more, during the recent NAPSLO Convention in San Diego. Mr. Cavaness acknowledge the effects of the changing weather patterns on heat, flooding and the types of storm activity the U.S. is … Read More
Accident/Disability Corporate Risk Management/ERM EMERGING TRENDS FEATURED P&C Recent Stories Advice for risk managers dealing with a global economy, drones, the Affordable Care Act and cyber risk Matt Power, EVP and Head of Strategic Development at Lexington, joins WRIN.tv to discuss the global economy, the ten year anniversary of Katrina, the Affordable Care Act and emerging risks from cyber-attacks, drones and more. When Mr. Power considers the economy, he focuses on how technology and globalization have created tremendous “connectivity.” He points to the impact of Greece and … Read More
Accident/Disability Companies CONSUMER RISK Recent Stories S&P warns Health Insurers to tread carefully as Medicaid rolls expand Joseph Marinucci, Senior Director at S&P Insurance Ratings, joins WRIN.tv to discuss the expansion of Medicaid under the Affordable Care Act (ACA), and the impact on the revenues of health insurers in the segment. According to Mr. Marinucci, a key provision of the ACA was to improve access to coverage by expanding Medicaid eligibility. To do that it, the ACA … Read More
Claims Management COMMERCIAL RISK FEATURED Legislation/Regulation Workers Comp ACA hits Workers Comp insurers with Medicare reimbursement requirements…and fines for non-compliance The Affordable Care Act (ACA) is transforming the healthcare and health insurance industries. Here Jessica Smythe, a Medicare Secondary Payer Act Compliance Consultant with ISO Claims Partners, discusses how the ACA is also affecting workers compensation. Ms. Smythe says the impact of the ACA on Medicare and Medicaid is far-reaching. A large portion of the ACA was designed to curb … Read More
Accident/Disability CONSUMER RISK Markets Recent Stories Underfunded Risk Corridors are causing uncertainty and potential volatility in Health Insurance market. The Affordable Care Act (ACA) mandated that the Department of Health and Human Services (HHS) establish “Risk Corridors” to buffer insurers against high losses, keep premiums affordable and less volatile, and encourage participation in the health insurance exchanges. Deep Banerjee, a Director with S&P Insurance Ratings, joins WRIN.tv to discuss S&P’s recent report suggesting the Risk Corridor Program could actually … Read More
Corporate Risk Management/ERM FEATURED P&C Recent Stories Working in Risk & Insurance Ironshore CEO discusses risk manager concerns, public-private partnerships, ACA and more. Prior to an arm of Fosun Group announcing intentions to acquire the 80% of Ironshore it doesn’t already own, WRIN.tv spoke with Ironshore CEO Kevin Kelley during the RIMS Conference in New Orleans. Here, he discusses the top concerns of risk managers, the impact of the Affordable Care Act (ACA) on the insurance industry, and Ironshore’s growth plans for the … Read More
Accident/Disability CONSUMER RISK Recent Stories Healthcare rates to rise as insurers factor in the end of ACA risk stabilization programs In highlights from a recent edition of A.M. Best’s First Monday series, Senior Financial Analyst Doniella Pliss discusses the risk-sharing provisions of the Patient Protection and Affordable Care Act (ACA). According to Ms. Pliss, there are three risk stabilization programs for the ACA: Risk Corridor, Reinsurance and Risk Adjustment. “The goal of the Risk Corridors program was to protect the insurer from … Read More
Accident/Disability CONSUMER RISK Markets Recent Stories Government programs and medical cost trends support “stable” outlook for Health insurers – A.M. Best In highlights from the First Monday series, A.M. Best Assistant Vice President Joseph Zazzera and Senior Financial Analyst Bridget Maehr discuss how health insurance carriers are navigating health reform provisions that began in 2014, and the sector’s “stable” outlook. More than 11 million people have selected health plans through the Affordable Care Act (ACA) in 2015, 3.1million more than in … Read More
Accident/Disability CONSUMER RISK Recent Stories Affordable Care Act supports “Stable” Outlook for Health Insurers – A.M. Best In a recent edition of First Monday, Sally Rosen, Assistant Vice President Life/Health, discussed the rationale for A.M. Best’s “Stable” outlook for the Health insurance segment. According to Ms. Rosen, “2014 was the first year…where many aspects of the Affordable Care Act came together…Overall. Health insurer earnings remain favorable…most have remained adequately or more than adequately capitalized for the level … Read More