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NAIC CEO Nelson Explains Affordable Care Vote, Warns Feds ‘Stay In Your Lane’
Spending roughly a dozen years in the U.S. Senate taught the new CEO of the National Association of Insurance Commissioners (NAIC) how to play defense, he revealed during an industry meeting last ...
Buffett: Berkshire to Become ‘Significant Factor’ in Commercial Insurance
Investor Warren Buffett said Berkshire Hathaway plans on growing its commercial lines insurance business quickly now that it has added four executives from American International Group (AIG). "I ...
Text-Mining Analysis Links Drug-Impaired Driving To Higher Injury Rates
"On medication" may not be one of the check boxes on carrier claims forms, but by hunting for such a description in adjuster notes, auto insurers can improve their results, a consultant reports. ...
Excess Testing, Not Medical Malpractice Payouts, Driving Up Health Costs: Study
Efforts to lower health care costs in the United States have focused at times on demands to reform the medical malpractice system, with some researchers asserting that large, headline-grabbing and ...
When & Where Apologies Make Sense In Insurance Claims Situations
Despite the prevalence of apologies—think Lance Armstrong, Tiger Woods, Mel Gibson and Bill Clinton—the idea of offering an apology as a result of a claim is rarely considered in the insurance ...
Enterprise Risk Reporting: The New ‘Form F’ Requirement Is Coming
In response to the 2008 financial crisis and, in particular, the AIG bailout, the National Association of Insurance Commissioners (NAIC) adopted a significant revision to the model Insurance Holding ...
PHLY’s New CEO Looks Ahead To Innovation & Profit
Philadelphia Insurance celebrated its 50 anniversary last year—before Robert O'Leary took the helm as chief executive officer. A video on the company's website commemorating the event ends with ...
CEOs & Social Media: A Matter Of Trust
Insurance is a unique industry. It is one where most customers will never get to use the product they buy, few if any can accurately assess how good it is before they buy it and every individual will ...