Regulation and compliance
Regulation and compliance
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Reluctant insurers must press forward accordingly as they now have nine days to advise the federal government how they plan to manage state-run exchanges.
November 7 -
Young drivers see particularly sharp cuts as prices take the biggest hit in more than 5 years.
November 5 -
The property/casualty industry has historically been regulated at the state level, but insurers have a lot on the line in the Presidential election next week.
November 2 -
Insurers headed into the year set to face some of the industry's biggest challenges, most have overcome the obstacles, but not all.
November 1 -
There are several adjustments insurers can make in the wake of initial feedback from the NAIC regarding its pilot review of U.S. ORSA summary reports.
October 25 -
Insurer seeks improvements in operational intelligence as well as regulatory reporting with latest purchase.
October 24 -
While the majority of insurers plan to be ready by the proposed 2015 deadline, many still have to address their IT practices.
October 22 -
Panel representing hundreds of vendors and businesses engaged in cloud deployments globally discuss standards.
October 18 -
Insurer looks to e-Discovery software suite to advance its legal, IT infrastructure.
October 10 -
Newly formed Global Federation of Insurance Associations will comment on issues affecting the global insurance industry and its regulation.
October 9 -
Digital signatures brought to the cloud in support of E.U. eSignature laws.
October 9 -
Potential voluntary federal guidelines foretell a future that may require keeping a close eye on the balance between collaboration and control.
October 4 -
Based on a review of 35 major health plan websites, most issuers are still struggling to provide the Summary of Benefits and Coverage (SBC), even while the SBC provision of the Patient Protection and Affordable Care Act (PPACA) law took effect last week, according to Tyrula LLC. The law requires insurers to provide a paper SBC document within seven days of application, renewal, or the first day of coverage.
October 3 -
Claims processing remained the top compliance issue for P&C insurers, followed by rating factors and the cancelation of policies. In terms of life and health insurers, problems with claims processing stole the top spot away from compliant policy forms, which was reported last year as the biggest compliance issue. Failure to pay claims properly in accordance with policy provisions was only fifth on that list for life and health insurers.
September 27 -
With 2015 deadlines approaching, the NAIC recently conducted a pilot program with 13 insurers and shared some guidelines and best practices.
September 26 -
Many major insurers use non-driving factors, such as education, occupation and lack of previous insurance in setting prices, and a majority of Americans think thats unfair, according to results of a Consumer Federation of America (CFA) survey.
September 24 -
New report laments the inability of companies to encrypt, control and secure information stored on employee-owned devices.
September 24 -
Martz will be responsible for planning, reporting and internal control functions and general corporate finance activities.
September 7 -
hCentive Inc., a post-Patient Protection and Affordable Care Act health care exchange technology company, has upgraded its platform for integrating private health plans with PPACA-mandated state health insurance exchanges: WebInsure Exchange Manager. The enhancements will assure health insurers of the performance, reliability and market needs of their plans within state exchanges, the company says.
September 7 -
SS&C Technologies Holdings Inc., a software and services provider, has launched CAMRA I-Risk for insurance companies to address emerging solvency standards by combining CAMRAs financial reporting capabilities with a position-based stochastic simulation model.
September 5
