[August 22, 2014] |
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A.M.BestTV: Patient Protection and Affordable Care Act Hits Insurers; NAIC Recap and Chubb Focuses on Executive Presence
OLDWICK, N.J. --(Business Wire)--
In this episode, A.M.BestTV examines how the Patient
Protection and Affordable Care Act (PPACA) has impacted health insurers;
the NAIC's move on life captive reinsurance and how focusing on
executive presence helps insurers.
Concerning PPACA's effect on health insurers first quarter 2014
earnings, Sally Rosen, assistant vice president at A.M. Best Company
said, "Health insurers first quarter 2014 earnings were impacted by the
increase in expenses due to the PPACA, as this was the first quarter
that the $8 billion fees were assessed to them." Rosen's comments were
based on a recent Best's Briefing. Read more about it at http://www3.ambest.com/bestweek/purchase.asp?record_code=227625.
President and CEO for the Center for Talent Innovation, Sylvia Hewlett,
and author of "Executive Presence," stated at a recent diversity meeting
organized by Trevlor Gandy, chief diversity officer at Chubb
Corporation that "in insurance, it is particularly important that
one grows a talent, which reflects the new diversified marketplace,
since this is the only way to reach people that really need the services
of this industry."
Thomas Harman, associate editor at A.M. Best Company, also was featured
in this episode.
Click on to view the video program: http://www.ambest.com/v.asp?v=news82214.
Recent episodes of A.M.BestTV include:
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Insurance Research Council Report: More Auto Claimants Turn to
Lawyers: Despite no-fault insurance, along with insurers, having a
focus on settling claims amicably, a study from the InsuranceResearch
Council shows that the percentage of claimants seeking attorney
representation continues to rise: http://www.ambest.com/v.asp?v=lawyer814.
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State Compensation Funds Worry About Impact of Opioids: The hot
button issue of opioids and their negative impact on workers'
compensation costs was considered at the American Association of State
Compensation Insurance Funds Conference, which took place in
Washington, D.C: http://www.ambest.com/v.asp?v=aascif814.
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Health, Medical Changes Are Driving Captive Activity: Les
Boughner, Deputy CEO, Willis Global Captive Practice, and John
Lochner, Director, Towers Watson discuss how The Patient Protection
and Affordable Care Act and larger health care organizations are
creating new, larger roles for captive insurance organizations: http://www.ambest.com/v.asp?v=vica3814.
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Captive Industry Deals With "Explosion of Domiciles":
Regulators and industry experts say that significant growth in the
captive industry, along with the growing number of U.S. states
competing for captive business, means more options exist; however,
they worry it could lead to inconsistent regulatory oversight: http://www.ambest.com/v.asp?v=vcia2814.
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Captive Leaders Fret About "Regulation by Accident":
Captive insurance executives say that the Non-Admitted and Reinsurance
Reform Act is causing confusion in the captive industry. In addition,
small captives are also facing scrutiny from tax authorities and
regulators: http://www.ambest.com/v.asp?v=vcia1814.
A.M.BestTV covers exclusive A.M. Best information and
reports, targeted topics and key developments in the (re)insurance
industry every Monday, Wednesday and Friday. Sign up for alerts of
episodes at www.ambest.com/multimedia/ambtvsignup.html.
View A.M.BestTV episodes at www.ambest.tv.
A.M. Best Company is the world's oldest and most authoritative
insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2014 by A.M. Best Company, Inc. ALL RIGHTS
RESERVED.
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