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November 2011
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Doctors back "open market" insurance exchanges

by Reuters - Nov 15,2011

NEW ORLEANS (Reuters) - The American Medical Association added pressure on U.S. states to steer toward the system that opens doors to all insurers who meet minimum standards as they build up their health insurance exchanges. The influential doctors ... [full story]

U.S. states may seek punitive damages in BP spill

by Reuters - Nov 15,2011

(Reuters) A federal judge on Monday said Alabama and Louisiana may seek punitive damages from companies including BP P.L.C. for damages arising from last year's Deepwater Horizon oil spill in the Gulf of Mexico. The decision by U.S. District ... [full story]

Industry Underwriting Woes Worsen

by Insurance Networking News - Nov 14,2011

Analysis of third-quarter financial data of 46 insurers and reinsurers covered by investment bank Keefe, Bruyette & Woods finds worsening underwriting results but also a glimmer of hope for the industry. As expected, industry underwriting results took a hit ... [full story]

Supreme Court: Pre-election health care showdown

by AP Associated Press - Nov 14,2011

WASHINGTON (AP) --The Supreme Court on Monday promised an extraordinarily thorough springtime review of President Barack Obama's historic health care overhaul — more than five hours of argument, unprecedented in modern times — in time for a likely ruling affecting ... [full story]

Health Law Puts Focus on Limits of Federal Power

by The New York Times - Nov 13,2011

WASHINGTON — If the federal government can require people to purchase health insurance, what else can it force them to do? More to the point, what can’t the government compel citizens to do? Those questions have been the toughest ... [full story]

Score One for the Insurance Industry

by Insurance Networking News - Nov 13,2011

Some good news regarding the insurance industry’s reputation: Small-business owners trust independent insurance agents and commercial insurance carriers significantly more than banks, health care companies and stock brokers. As part of a broader effort to stay appraised of the ... [full story]

Many 401(k) participants would be hit hard by proposed tax changes

by BusinessInsurance.com - Nov 10,2011

WASHINGTON—Many 401(k) participants likely would see lower account balances if federal lawmakers implement a pair of proposals aimed at changing the tax treatment of 401(k) retirement plans, according to a study by the Employee Benefit Research Institute. The proposals, ... [full story]

Insurers Acknowledge Customer-facing Shortcomings

by Insurance Networking News - Nov 10,2011

The need for insurers to offer a compelling user experience is borne out in a global survey of 119 insurers conducted by Accenture.     While 91 percent indicated that future growth depends on providing a special customer experience, the ... [full story]

Insurers Down but Not Out

by Insurance Networking News - Nov 10,2011

Insurers are more pessimistic than ever about business conditions, notes a new report issued by audit, tax and advisory firm KPMG LLP. KPMG’s annual survey of insurance executives revealed that insurers remain guarded about their company’s performance and the industry’s ... [full story]

Employees pass up health insurance benefits as costs rise

by South Florida Sun-Sentinel - Nov 09,2011

The rising cost of health insurance is pushing more South Florida employees to consider what had been unthinkable: Passing up medical coverage offered at work. A strata of young, physically fit workers have always skipped employer health benefits they ... [full story]

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