A special lecture was held on Saturday at the Great Hall of the People, in central Beijing, to help members of the Standing Committee of the National People’s Congress better understand the legal system for insurance sector.
Wu Bangguo, chairman of the NPC Standing Committee and member of the Standing Committee of the Communist Party of [...]
Regulators are finally enforcing a controversial two-year-old directive that imposes stricter capital rules on the insurance industry, after the Department of Finance nixed proposals for revisions.
The department order, issued by then commissioner Evangeline C. Escobillo, requires domestic insurance firms to start beefing up their net worth to P100 million from the existing P50 million minimum. [...]
It seems clear that change is coming to the U.S. healthcare system. President-elect Barack Obama wants it. Congress wants it. Even the insurance industry says the time is ripe to do things differently.
But not too differently. The idea of doing away with the employer-based insurance system which has become increasingly unsustainable for businesses and has [...]
In a report to a General Assembly special committee Tuesday, the N.C. Rate Bureau said it will ask for the increase when it files its rate plan with the N.C. Department of Insurance. The filing is expected next week, department spokeswoman Kristin Milam said Wednesday.
Rate Bureau officials indicated that the proposed hikes are needed to [...]
Leaders of the so-called “Beach Plan” program unveiled the changes Tuesday to a legislative committee examining whether the insurance industry is prepared to pay for the next huge storm, which could cause billions of dollars in damages.
The changes, approved by the plan’s board and signed off on by the Insurance Department in the last two [...]
It was a hot election topic that continues to sizzle long after the votes have been counted: Lawrence County government employees’ insurance.
Opting not to wait until the new year to make changes, the current commission moved forward with a one-year plan to avoid an 18 percent increase by switching from Medical Mutual to United Health [...]
After years of booming profits and a general aversion to risky investments within the property casualty arms of their companies, insurers are well capitalized to handle the latest fire claims and are not as vulnerable as other financial institution.
But some watchdogs are more skeptical and believe the cost to consumers will come eventually though perhaps [...]
The United States is expected to embrace federal regulation of the insurance industry as early as 2009, according to financial and insurance executives, pushed to the forefront by the global economic crisis.
Federal regulation in the United States something that most other nations already have is expected, at least initially, to function in tandem with the [...]
… in recent days, the Comité Européen des Assurances (CEA) has issued a statement proclaiming the relative health of the European insurance industry. CEA Director General, Michaela Koller, said in the statement that “Europe’s insurers have diversified income streams with … term and “unlikely to be overly affected by short-term liquidity concerns.” Ms Koller acknowledged [...]
Strategies to communicate better, faster and cheaper on the job abound, but how well they work depends on whether they mesh with an individual’s job responsibilities and personal style of work. A diverse group of insurance industry users of e-mail and other electronic communication systems—conf
Tags: insurance, insurance industry
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