- Insurers fall flat with IT spending: The repercussions for risk managers
IMAGE ILLUSTRATION 1 The prolonged soft market of the 1990s convinced some insurers that the underwriting cycle had been flattened by the new economy. In response, the property/casualty industry increased premiums to deal with the losses that resulted from weak underwriting, tight competition and the impact of terrorism. That revenue ......
- Premiums start to steady
In the last few years, business owners have grown inured to rapid increases in their insurance bills. In one area, at least, inflation may be coming under control. Premium hikes are getting smaller for property and casualty insurance, which businesses buy to insure office buildings and trucks, among other property....
- Highmark results: four times expectations
Due to unexpected underwriting gains and strong investment, performance, Highmark Inc.'s net income for the first six months of 2000 was almost four times higher than expected. Highmark, the giant health insurer headquartered in Pittsburgh and East Pennsboro Township, posted a January to June net income of $119.3 million on ......
- The health plan of tomorrow: the increased role of
consumers, along with increased healthcare costs, will compel health
plans to use technology so everyone in the equation comes out a
winner.
Ready or not, the age of consumerism has descended upon healthcare. With health insurance premiums rising an average of 11 percent annually, most employers are shifting more costs to employees. Some are dropping benefits altogether. As they pick up more of the tab each year, consumers will expect more say ......
- CareWorks introduces Internet Injury Reporting Center
CareWorks, in a continuous effort to simplify and improve the reporting of new workers' compensation claims for its Ohio employer customers, announced the introduction of its Internet Injury Reporting Center. "We realize the dramatic impact timely injury reporting has on our customers' workers' compensation premium and the medical care their ......
- HEALTH FORMS ONLINE.
E-commerce may give a lift to health care's notorious administrative overload. Molar HMOs' websites give information on referral processes and benefits, but, "Everybody's been crying for years for electronic claims," noted Jim Hertel, publisher of the Colorado Managed Care Newsletter. "The problem is, so many physician's offices belong to so ......
- Q&A: business insurance.
The Sept. 11,2001, terrorist attacks caused business insurance premiums to soar. Q: So why are my rates going up? A: Basic supply and demand. The September 11 disaster was the world's largest property and business interruption claim ever. It also was the largest single liability claim ever. The insurance companies ......