| 单词 | reinsurance |
| 例句 | Over time, reinsurance companies got wise to frequent and costly claims for train crashes and ferry sinkings that were all but impossible to investigate. Escape from Camp 14: One Man's Remarkable Odyssey from North Korea to Freedom in the West 2013-03-26T00:00:00Z “The major point of the reinsurance operation is that they are banking on disaster,” he said. Escape from Camp 14: One Man's Remarkable Odyssey from North Korea to Freedom in the West 2013-03-26T00:00:00Z Each year, Kim said, North Korea would do its best to shuffle its offerings among the major reinsurance players. Escape from Camp 14: One Man's Remarkable Odyssey from North Korea to Freedom in the West 2013-03-26T00:00:00Z But publicity generated by the case alerted the world’s reinsurance industry to avoid North Korea, and fraud wound down. Escape from Camp 14: One Man's Remarkable Odyssey from North Korea to Freedom in the West 2013-03-26T00:00:00Z The bride’s father is the managing director and portfolio manager for bonds in the investments division of Arch Capital Group, an insurance and reinsurance company in Pembroke. Bea Whitton, Peter Tufo 2018-08-05T04:00:00Z “The reinsurance program could be a model for others across the U.S.,” he said. “It’s not like other states”: High-cost Alaska sits in the eye of health reform storm 2017-04-09T04:00:00Z The study was prepared for underwriters and clients in North America, the world’s largest insurance and reinsurance market. From global warming to fluoride: Why do people deny science? 2013-05-25T20:30:00Z State officials voted to levy a 2.7 percent tax on all insurers to create a $55 million reinsurance fund that covers bills for high-cost patients, stabilizing the individual market for the rest of the customers. “It’s not like other states”: High-cost Alaska sits in the eye of health reform storm 2017-04-09T04:00:00Z The groom’s father is a marine reinsurance broker at Guy Carpenter & Company, a reinsurance division, in New York, of the Marsh & McLennan Companies. Jaime Steinhardt, Cole Magrath 2018-11-04T04:00:00Z Early on in their relationship, it used to bother her that they worked in different fields: She’s now in public health video production, and he works in the reinsurance industry. Couples Have a Working-From-Home Revelation: That’s What You Do All Day? 2020-03-25T04:00:00Z “I think I am more aware of the types of projects he has, but I don’t think I can say I can explain reinsurance in depth to someone else,” she wrote. Couples Have a Working-From-Home Revelation: That’s What You Do All Day? 2020-03-25T04:00:00Z The reinsurance fund — approved by a Republican-dominated Legislature and signed by an independent governor — was a one-year deal designed to prevent the state’s insurance market from imploding. “It’s not like other states”: High-cost Alaska sits in the eye of health reform storm 2017-04-09T04:00:00Z The groom's mother is a divisional vice president in the reinsurance department for the Great American Insurance Company in Cincinnati. Shirley Berry, Zach Masminster 2020-02-23T05:00:00Z Treasury bill holdings above 5%, while fewer car accidents and a quiet Atlantic hurricane season respectively bolstered the Geico car insurer and reinsurance businesses. Buffett's Berkshire posts bigger loss as stocks fall; operating profit sets record 2023-11-04T04:00:00Z Typically, it is big reinsurance companies or major hedge funds such as U.S. billionaire investor Kenneth Griffin's Citadel on the other side of the trade. Analysis: Use of weather derivatives surges as extreme climate events rock the globe 2023-10-11T04:00:00Z Insurance companies also buy insurance themselves, a process known as reinsurance. Things to know about California’s new proposed rules for insurance companies 2023-09-22T04:00:00Z He also said that insurers will be allowed to include reinsurance costs for California coverage into rate filings, though the announcement did not go into specifics. California home insurers plan return to fire zones under new deal 2023-09-21T04:00:00Z The cost of reinsurance — the insurance for the insurance industry — has also soared. How wildfire risk scoring puts WA homeowners in insurance jeopardy 2023-09-19T04:00:00Z This summer, reinsurance companies such as Swiss Re and Munich Re raised their property catastrophe reinsurance premiums in the U.S. by an average of 20% to 50%. Homeowners face rising insurance rates as climate change makes wildfires, storms more common 2023-09-19T04:00:00Z Such firms "see themselves as a risk warehouse like an insurance or reinsurance company", Martin Malinow, founder and CEO of Parameter Climate, said. Analysis: Use of weather derivatives surges as extreme climate events rock the globe 2023-10-11T04:00:00Z Companies are not allowed to consider their reinsurance costs when setting rates for California homeowners. Things to know about California’s new proposed rules for insurance companies 2023-09-22T04:00:00Z The budget directs the State Corporation Commission to continue a widely supported reinsurance program that reduced premiums this year. Youngkin signs bipartisan budget that boosts tax relief and school funding in Virginia 2023-09-14T04:00:00Z One rule prevents insurance companies from including reinsurance fees in the rate request process, stopping them from passing those costs along to policyholders. With no insurance deal in Sacramento, when will California's homeowners get relief? 2023-09-14T04:00:00Z Reinsurance brokerage firm Guy Carpenter & Co. said it was the highest increase for reinsurance rates since the year after Hurricane Katrina devastated New Orleans and the Gulf Coast. Homeowners face rising insurance rates as climate change makes wildfires, storms more common 2023-09-19T04:00:00Z Property catastrophe reinsurance rates were likely to rise in the "low double digit" percentage range next year, while casualty - or liability - reinsurance would stay flat, due to increased competition in the market, Mazzuoli said. Reinsurance rates to rise in 2024, soften in 2025-Fitch analyst 2023-09-07T04:00:00Z They also complain that they are having to pay more for reinsurance, which they cannot recoup from ratepayers. Things to know about California’s new proposed rules for insurance companies 2023-09-22T04:00:00Z The bill directs the State Corporation Commission to continue a widely supported reinsurance program that reduced premiums this year. Virginia lawmakers pass long-overdue budget bill with tax rebates, extra aid for schools 2023-09-06T04:00:00Z The proposal would have involved concessions to insurers on the sticking-point issues of reinsurance costs and catastrophic modeling, while also generally requiring insurance companies to stay in the market, with some caveats, Dodd said. With no insurance deal in Sacramento, when will California's homeowners get relief? 2023-09-14T04:00:00Z Mowery added that many reinsurance firms now have resources dedicated to studying the impact of climate change on how to price catastrophes. Homeowners face rising insurance rates as climate change makes wildfires, storms more common 2023-09-19T04:00:00Z The reinsurance industry holds its annual conference in Monte Carlo next week, when insurers and reinsurers start to hammer out deals for next year. Reinsurance rates to rise in 2024, soften in 2025-Fitch analyst 2023-09-07T04:00:00Z He has also pledged to consider rules that would let them consider some of their reinsurance costs. Things to know about California’s new proposed rules for insurance companies 2023-09-22T04:00:00Z U.S. property catastrophe reinsurance rates rose by as much as 50% at July renewals, broker Gallagher Re said in a recent report, with states such as California and Florida increasingly hit by wildfires and hurricanes. S&P Global raises reinsurance sector view to stable from negative on higher prices 2023-09-05T04:00:00Z Insurance companies can be active in both primary insurance and reinsurance and have differing commitments on ESG for different parts of their business. Insight: Coal miners forced to save for a rainy day by insurance snub 2023-08-31T04:00:00Z Higher reinsurance rates can affect the premiums that insurers charge their customers. Hurricane Idalia could cost insurers $9.36 bln - UBS 2023-08-30T04:00:00Z Fitch on Thursday raised its global reinsurance sector outlook to "improving" from "neutral" on rising prices, following an upgrade by S&P Global earlier this week. Reinsurance rates to rise in 2024, soften in 2025-Fitch analyst 2023-09-07T04:00:00Z Those factors have also driven up the costs of the reinsurance policies that insurance companies take out to cover their own losses in case of major catastrophic events. Farmers Insurance lays off 2,400 workers as insurers pull back from California 2023-08-28T04:00:00Z S&P Global pointed in a note to rising rates and tighter terms and conditions when policies in reinsurance - insurance for insurers - were renewed during 2023. S&P Global raises reinsurance sector view to stable from negative on higher prices 2023-09-05T04:00:00Z A little-noticed slice of the financial industry that provides insurance to insurers, called reinsurance, has helped drive the changes. How a Small Group of Firms Changed the Math for Insuring Against Natural Disasters 2023-08-16T04:00:00Z U.S. reinsurance rates for policies which previously faced claims for natural catastrophes rose 30%-50% during July renewals, while rates for similar policies in Florida rose 30%-40%, reinsurance broker Gallagher Re said in July. Hurricane Idalia could cost insurers $9.36 bln - UBS 2023-08-30T04:00:00Z Executives from three insurance companies went on to present their proposed rates for 2024, each making clear that the end of the reinsurance program was a major driver in the proposed hikes for individual plans. Some ‘Obamacare’ plans could see big rate hikes after lawmakers fail to agree on reinsurance program 2023-08-10T04:00:00Z "Other catastrophes around the globe, Germany, Australia, Canada, and California, etc., are impacting the availability of reinsurance," says Jim Donelon, the commissioner of insurance for Louisiana. Where people have to choose between food or home insurance 2023-08-09T04:00:00Z Reinsurance rates are likely to continue to rise in all lines of business next year, according to a Moody's survey of global property and casualty reinsurance buyers released this week, partly due to claims inflation. S&P Global raises reinsurance sector view to stable from negative on higher prices 2023-09-05T04:00:00Z Extreme weather across the U.S. caused the insurer's catastrophe losses net of reinsurance to jump to $400 million, from $291 million a year earlier. Insurer Chubb beats quarterly profit estimates on strong investment returns 2023-07-25T04:00:00Z Other firms in the industry have been looking to capitalise on rising prices for commercial insurance and reinsurance to attract new investors. Todd Boehly-backed insurer Accelerant mulls IPO, stake sale, CEO says 2023-07-24T04:00:00Z Del. Barry Knight, the money committee chairman leading negotiations for House Republicans, said in a text message Wednesday that the reinsurance program was still up for discussion. Some ‘Obamacare’ plans could see big rate hikes after lawmakers fail to agree on reinsurance program 2023-08-10T04:00:00Z AAA insists it’s not leaving Florida, but that last year’s devastating hurricane season had led to an unprecedented rise in reinsurance rates, making it more costly to operate there. Catastrophe losses double at Travelers as insurance industry, states hit by more severe events 2023-07-20T04:00:00Z The reinsurance industry holds its annual conference in Monte Carlo next week, when insurers and reinsurers start to hammer out deals for the next year. S&P Global raises reinsurance sector view to stable from negative on higher prices 2023-09-05T04:00:00Z AAA said in a statement that it wasn’t leaving Florida, but that last year’s devastating hurricane season had led to an “unprecedented” rise in reinsurance rates, making it more costly to operate. After devastating 2022 hurricane season, AAA not renewing some insurance policies in Florida 2023-07-18T04:00:00Z The reinsurance market, though large, tends to be volatile, with prices spiking quickly just when insurers are least prepared to handle the increases. Insurer’s Retreat in Florida Signals Crisis With No Easy Fix 2023-07-14T04:00:00Z At issue is the state’s relatively new reinsurance program, which the General Assembly voted to create in 2021. Some ‘Obamacare’ plans could see big rate hikes after lawmakers fail to agree on reinsurance program 2023-08-10T04:00:00Z Global reinsurance prices were up 27% in January compared to a year earlier, marking the sixth straight year of increases, Morningstar said, citing preliminary data from U.S. risk and reinsurance group Guy Carpenter. Property insurers' ratings under pressure as risk rises, Morningstar says 2023-07-12T04:00:00Z The industry would also like to pass along reinsurance costs and use forward-looking fire risk models to set premium prices. Farmers, California's second-largest insurer, limits new home insurance policies 2023-07-11T04:00:00Z Prices for U.S. property catastrophe reinsurance rose by as much as 50% at a key July 1 renewal date, broker Gallagher Re said in a recent report. Exclusive: AXA weighs offloading $2 bln reinsurance arm to cut disaster risk - sources 2023-07-11T04:00:00Z The cost of reinsurance in Florida jumped 40 to 70 percent this year over last year, according to the Institute for Insurance Information. Insurer’s Retreat in Florida Signals Crisis With No Easy Fix 2023-07-14T04:00:00Z Some of the reinsurance claims are for war risk. Aviation lessors fight to stop insurance dispute hearings in Russia 2023-07-07T04:00:00Z "We expect the tougher reinsurance market conditions to continue in the short to medium term, putting to the test insurers' risk management capabilities," Morningstar said, warning this could adversely affect insurers' credit ratings. Property insurers' ratings under pressure as risk rises, Morningstar says 2023-07-12T04:00:00Z Higher reinsurance rates can affect the premiums which insurers charge to their customers. U.S. property catastrophe reinsurance rates rise up to 50% on July 1-report 2023-07-03T04:00:00Z "Climate change poses the biggest long-term risk to the global economy. No action is not an option." says Swiss Re, one of the world's biggest reinsurance companies. Experts agree: Climate change is a weapon of mass destruction 2023-06-21T04:00:00Z But Mr. Friedlander, the group’s spokesman, said reinsurance rates were higher in Florida than in other storm-prone states because of insurer losses tied to lawsuits. Insurer’s Retreat in Florida Signals Crisis With No Easy Fix 2023-07-14T04:00:00Z In the reinsurance cases, Russian airlines leased the planes through the international lessors and insured them through Russian insurers. Aviation lessors fight to stop insurance dispute hearings in Russia 2023-07-07T04:00:00Z The brokerage said insurers who maintain optimum reinsurance levels without increasing premiums would see their underwriting profits deteriorate, while those that cut back on reinsurance cover could see more volatile earnings as risks materialise. Property insurers' ratings under pressure as risk rises, Morningstar says 2023-07-12T04:00:00Z Companies aren’t allowed to pass along the costs of their own reinsurance premiums — the policies they rely on to cover their own losses in the case of catastrophe. State Farm's California freeze: Looming insurance apocalypse or political ploy? 2023-06-15T04:00:00Z After Russia’s full-scale invasion of Ukraine last year, General Gerhartz said, allies on NATO’s eastern flank, closest to Russia, “are asking for reinsurance” that the alliance will defend them in case of aggression by Moscow. NATO Kicks Off Its Biggest Air Force Drills Since End of Cold War 2023-06-12T04:00:00Z State Farm announced last week it would stop accepting applications for all business and personal lines of property and casualty insurance, citing inflation, a challenging reinsurance market and “rapidly growing catastrophe exposure.” California insurance market rattled by withdrawal of major companies 2023-06-05T04:00:00Z State Farm said it decided to stop writing new policies “due to historic increases in construction costs outpacing inflation, rapidly growing catastrophe exposure, and a challenging reinsurance market.” Risky business: Insurers quit homeowner policies or jack up rates to escape natural disaster payouts 2023-06-05T04:00:00Z The board’s actuarial and underwriting committee, recognizing the increased exposure, had recommended in January buying enough reinsurance so the association could pay $5.2 billion in claims. This Hurricane Season May See a Key FEMA Disaster Fund Run Out of Money 2023-06-02T04:00:00Z The reinsurance market is global and unregulated, and firms have been hiking rates, especially for fire coverage, in recent years. State Farm's California freeze: Looming insurance apocalypse or political ploy? 2023-06-15T04:00:00Z “State Farm General Insurance Company made this decision due to historic increases in construction costs outpacing inflation, rapidly growing catastrophe exposure and a challenging reinsurance market.” State Farm is no longer accepting property insurance applications in California 2023-05-27T04:00:00Z “State Farm General Insurance Company made this decision due to historic increases in construction costs outpacing inflation, rapidly growing catastrophe exposure, and a challenging reinsurance market,” the company wrote in a statement. State Farm will no longer insure homes, businesses in California due to fire risks and costs 2023-05-27T04:00:00Z “The cost to insure new home customers in California is far higher than the price they would pay for policies due to wildfires, higher costs for repairing homes, and higher reinsurance premiums.” Risky business: Insurers quit homeowner policies or jack up rates to escape natural disaster payouts 2023-06-05T04:00:00Z But with reinsurance costs soaring around the world, the board opted for enough reinsurance to pay $4.5 billion in claims. This Hurricane Season May See a Key FEMA Disaster Fund Run Out of Money 2023-06-02T04:00:00Z Being allowed to charge higher premiums, whether through reinsurance pass-throughs or fire modeling, would bring in more capital to balance out its growing book of business. State Farm's California freeze: Looming insurance apocalypse or political ploy? 2023-06-15T04:00:00Z “The factors driving State Farm’s decision are beyond our control, including climate change, reinsurance costs affecting the entire insurance industry and global inflation.” State Farm is no longer accepting property insurance applications in California 2023-05-27T04:00:00Z The reinsurance market refers to the practice of multiple insurance companies sharing risks for clients that are too big to handle for one company alone. State Farm will no longer insure homes, businesses in California due to fire risks and costs 2023-05-27T04:00:00Z As reinsurance rates go up, insurance firms tend to pass hikes onto their customers. South African catastrophes, power woes signal end of cheap insurance 2023-03-30T04:00:00Z It is unclear how much reinsurance Citizens has purchased to pay claims in the event of a catastrophe. This Hurricane Season May See a Key FEMA Disaster Fund Run Out of Money 2023-06-02T04:00:00Z But the company could also straighten out its books by going to the reinsurance market, or applying for rate increases and transparently pleading its case to the Department of Insurance. State Farm's California freeze: Looming insurance apocalypse or political ploy? 2023-06-15T04:00:00Z Growing risks from climate change and rising reinsurance costs have caused insurers to raise premiums and pull out of markets, “leaving homeowners with fewer choices, less protection, and more financial distress,” Keys said. Climate Change Is Destabilizing Insurance Industry 2023-03-23T04:00:00Z The organisation's survey was based on 22 responses from a group of senior economists drawn from international agencies including the International Monetary Fund, investment banks, multinationals and reinsurance groups. Davos 2023: Global recession seen likely in 2023 -WEF survey 2023-01-16T05:00:00Z But reinsurance rates in South Africa are outstripping the global trend - in some cases tripling - as insurers grapple with an unprecedented claims load, six industry executives told Reuters. South African catastrophes, power woes signal end of cheap insurance 2023-03-30T04:00:00Z The Florida Hurricane Catastrophe Fund is a state-run reinsurance program that pays insurers’ excessive property claims. This Hurricane Season May See a Key FEMA Disaster Fund Run Out of Money 2023-06-02T04:00:00Z It listed “historic increases in construction costs,” “rapidly growing catastrophe exposure, and a challenging reinsurance market” as the culprits, adding that it needed to take this action to “improve the company’s financial strength.” State Farm's California freeze: Looming insurance apocalypse or political ploy? 2023-06-15T04:00:00Z It is still unclear whether the insurers can secure sufficient reinsurance, especially at a time when many Western counterparts are away on holidays. Explainer: How will Japan resolve shipping insurance for Russian LNG imports? 2022-12-29T05:00:00Z UK P&I Club said on Dec. 23 that the issue had arisen because of a lack of availability of reinsurance for reinsurers, also known as retrocession. Ship insurers to cancel war cover for Russia, Ukraine from Jan 1 2022-12-28T05:00:00Z "From a reinsurance perspective, we've had the three biggest catastrophe events that this market has ever had in terms of insured losses," said Andy Tennick, managing director of Africa Reinsurance Corporation's South African subsidiary. South African catastrophes, power woes signal end of cheap insurance 2023-03-30T04:00:00Z The insurers' decision was prompted by global reinsurance companies saying they would no longer take on vessels' risks related to the war, which Moscow began in February. Japan insurers in talks with reinsurers to resume coverage in Russian waters 2022-12-26T05:00:00Z Rising construction costs are one thing, but growing catastrophic exposure and the reinsurance market both point to a financial doomsday scenario. State Farm's California freeze: Looming insurance apocalypse or political ploy? 2023-06-15T04:00:00Z The insurers' decision was prompted by reinsurance companies refusing to take on risks related to the war that Moscow launched 10 months ago, the newspaper said. Japan firms to stop insuring ships in all Russian waters -Nikkei 2022-12-24T05:00:00Z "The Club's reinsurers are no longer able to secure reinsurance for war risk exposure to Russian, Ukrainian or Belarus territorial risks," it said. Ship insurers to cancel war cover for Russia, Ukraine from Jan 1 2022-12-28T05:00:00Z "The reinsurance market has carried the bulk of the insured losses," said Priyen Mehta, market head for Swiss Re's property and casualty reinsurance business in Southern Africa. South African catastrophes, power woes signal end of cheap insurance 2023-03-30T04:00:00Z In the weeks since Hurricane Ian, the biggest concern for the surviving private insurers has been the cost of reinsurance, which is insurance purchased by insurance companies. Why Republicans are coughing up billions of dollars to save Florida’s insurance market 2022-12-19T05:00:00Z The bill would provide $1 billion in taxpayer funds for a program to provide carriers with hurricane reinsurance, which is coverage bought to help ensure they can pay out claims. Florida Senate passes property insurance overhaul 2022-12-13T05:00:00Z The three Japanese insurers will likely start negotiating with reinsurance companies after the Christmas holidays on possibly restarting coverage, the Nikkei said. Japan firms to stop insuring ships in all Russian waters -Nikkei 2022-12-24T05:00:00Z It would also provide $1 billion in taxpayer funds for a program to provide carriers with hurricane reinsurance — coverage bought to help ensure they can pay out claims. Florida lawmakers hope to aid ailing home insurance market 2022-12-12T05:00:00Z "Large industry losses in recent years ... have accelerated the need for insurance and reinsurance terms and conditions to return to global levels," Mehta said. South African catastrophes, power woes signal end of cheap insurance 2023-03-30T04:00:00Z Unlike the Florida-specific companies that currently sell home insurance to state residents, reinsurance companies are global corporations, many headquartered in Bermuda. Why Republicans are coughing up billions of dollars to save Florida’s insurance market 2022-12-19T05:00:00Z The bill would create a $1 billion reinsurance fund, reduce litigation costs and compel some customers to leave a state-created insurer. Florida Senate passes property insurance overhaul 2022-12-13T05:00:00Z Lawmakers in May passed legislation creating a $2 billion reinsurance program, offering grants to homeowners who retrofit properties to be less vulnerable to hurricane damage and limiting various attorney fees in some insurance-related lawsuits. Florida lawmakers set to meet on ailing insurance market 2022-12-06T05:00:00Z The consortium including Pimco, a big bond manager, and Apollo, a large alternative asset manager, beat out a group comprised of Centerbridge Partners and Martello Re Ltd., a life and reinsurance company, the Journal reported. Credit Suisse nears sale of securitized-products group to Apollo, Pimco -WSJ 2022-10-26T04:00:00Z “Right now, we’re very much focused on dealing with the urgent needs. That’s putting up reinsurance mechanisms, financial support mechanisms, debt relief mechanisms to protect the financial stability of the whole world,” she said. IMF meetings marked by push to end Ukraine war, Spain's finance minister says 2022-10-13T04:00:00Z These companies backstop the insurance markets in the world's riskiest places, but the devastation from Ian is making many of the largest reinsurance providers cagey about operating in Florida. Why Republicans are coughing up billions of dollars to save Florida’s insurance market 2022-12-19T05:00:00Z Citizens, the government-mandated insurance plan, was only able to buy half as much reinsurance as it wanted at a price it was willing to pay, according to Michael Peltier, a spokesman. Why Ian May Push Florida Real Estate Out of Reach For All But the Super Rich 2022-10-13T04:00:00Z Shares of the property and casualty insurer were up nearly 2% in extended trading after it said the loss was well below its $3 billion overall reinsurance cover. Insurer Universal estimates nearly $1 billion loss from Hurricane Ian 2022-10-11T04:00:00Z Munich Re provides so-called reinsurance contracts that help other insurers spread risks. Munich Re to stop its backing for new oil, gas fields 2022-10-06T04:00:00Z And the financial services that underpin that trade — including insurance, reinsurance and letters of credit — are overwhelmingly based in the European Union and Britain. E.U. negotiators strike deal on capping Russian oil prices. 2022-10-05T04:00:00Z "They might have to drop some customers, they might have to raise rates, they might have to borrow more money at a pretty atrocious cost to buy reinsurance," Manyem told Grist. Why Republicans are coughing up billions of dollars to save Florida’s insurance market 2022-12-19T05:00:00Z The heavy reliance on reinsurance could make Florida’s insurance market even more susceptible to shock than in the aftermath of Hurricane Andrew, said John Rollins, who worked as the chief risk officer for Citizens. Why Ian May Push Florida Real Estate Out of Reach For All But the Super Rich 2022-10-13T04:00:00Z Among the provisions was the creation of a $2 billion reinsurance program that insurers could buy into to help insulate themselves from risk, so long as they reduced rates for policyholders. Ian threatens Florida’s already unstable insurance market 2022-09-28T04:00:00Z The plans include a S$100 million fund over five years to support sustainability within the finance sector such as green fintech, new sustainable financing solutions and reinsurance. Singapore outlines financial services overhaul with eye on green finance boom 2022-09-15T04:00:00Z In a statement on Sunday, the German group said reinsurance capacity, or the industry's financial ability to take on risks, was on the decline while demand for contracts was growing, causing rates to trend higher. Munich Re says reinsurance rates likely to rise 2022-09-11T04:00:00Z But the elephant in the room is the looming rise in reinsurance prices, which will make it even harder for Florida insurers to turn a profit next year. Why Republicans are coughing up billions of dollars to save Florida’s insurance market 2022-12-19T05:00:00Z Another option is for the state to expand the Florida Hurricane Catastrophe Fund, a state reinsurance program that was also created after Hurricane Andrew. Why Ian May Push Florida Real Estate Out of Reach For All But the Super Rich 2022-10-13T04:00:00Z Chairman Bruce Carnegie-Brown and Chief Executive John Neal will also no longer attend the global reinsurance industry's annual conference in Monte Carlo, the spokesperson said by email. Lloyd's of London building to close for Queen's funeral 2022-09-09T04:00:00Z One obvious solution is to create a national reinsurance program through which the government assumes the cost of high-priced treatments, in effect spreading the expense among all Americans. Column: This life-saving drug will cost a record $2.8 million. Who will pay the price? 2022-09-09T04:00:00Z However, the group swung to a net loss of 348 million euros on a one-time charge related to U.S. reinsurance rate increases, against an average forecast of a 129 million euro loss. Dutch insurer Aegon raises forecasts for capital, cashflow 2022-08-11T04:00:00Z The state already maintains a $17 billion reinsurance fund that helps insurers cover the largest hurricane claims, but Ian will just about wipe that fund clean. Why Republicans are coughing up billions of dollars to save Florida’s insurance market 2022-12-19T05:00:00Z The fund, which supplements the reinsurance that insurers buy on the private market, can pay out a maximum of $17 billion in any given year. Why Ian May Push Florida Real Estate Out of Reach For All But the Super Rich 2022-10-13T04:00:00Z Travelers reported catastrophe loss net of reinsurance of $746 million in the quarter, compared with $475 million a year earlier, impacted mainly by severe wind and hail storms in several regions of the United States. U.S. insurer Travelers posts plunge in profit as catastrophe claims mount 2022-07-21T04:00:00Z For the most part, the federal government has left it to states to craft their own reinsurance systems, but only seven states have done so. Column: This life-saving drug will cost a record $2.8 million. Who will pay the price? 2022-09-09T04:00:00Z A chance meeting with an insurance executive led to his hiring in 1985 as the general manager of the reinsurance business of Berkshire Hathaway, the holding company run by the billionaire Warren Buffett. Steven Gluckstern, Who Pushed for Mortgage Relief, Dies at 71 2022-06-21T04:00:00Z Earlier this year the state created an additional $2 billion reinsurance fund, and lawmakers added another $1 billion fund last week, pumping more money into the languishing market to protect the remaining private carriers. Why Republicans are coughing up billions of dollars to save Florida’s insurance market 2022-12-19T05:00:00Z For now, the power rests with reinsurance executives in places like London, Munich and Zurich, whose decisions over the next few months will determine what happens along Florida’s coast. Why Ian May Push Florida Real Estate Out of Reach For All But the Super Rich 2022-10-13T04:00:00Z Before Western sanctions were imposed on Russia over its invasion of Ukraine, which Moscow calls a "special military operation", insuring such cargoes relied on reinsurance from an international pool of companies offering broad coverage. EXCLUSIVE Russia's state-owned RNRC to reinsure Russian oil shipments, sources say 2022-06-10T04:00:00Z It is in talks with regulators there to change the rules to allow foreign reinsurance firms to write more business. Analysis: Warming Africa threatens insurers' quest for profit 2022-06-09T04:00:00Z Mr. Gluckstern told The Wall Street Journal in 2005 that he “could barely spell the word ‘reinsurance’” when he took the job. Steven Gluckstern, Who Pushed for Mortgage Relief, Dies at 71 2022-06-21T04:00:00Z Lines, a Japanese transport company; and Swiss Re, a reinsurance company based in Switzerland — each committed to removing 50,000 tons of carbon from the atmosphere by 2030. Corporations Pledge to Buy ‘Green’ at Davos Gathering 2022-05-25T04:00:00Z Investors were disappointed by the reinsurance company’s financial and operations update. Nordstrom, Caleres rise; Mr. Cooper, Raymond James fall 2022-05-25T04:00:00Z The reinsurance pooling programme of the International Group of P&I insurers, which cover P&I insurance for about 90% of ocean going ships, is capped at a maximum of $3.1 billion for each incident. EXCLUSIVE Russia's state-owned RNRC to reinsure Russian oil shipments, sources say 2022-06-10T04:00:00Z But Swiss Re, its main reinsurance backer, racked up years of losses on the programme when droughts were more severe than it anticipated. Analysis: Warming Africa threatens insurers' quest for profit 2022-06-09T04:00:00Z Without reinsurance, an insurer writing a policy for an oil tanker would likely need a government guarantee to cover potential liabilities that could run into billions of dollars. Russian oil's Achilles' heel: insurance 2022-05-25T04:00:00Z The split could also potentially attract interest from investors who do not want exposure to Brookfield's other units, such as the reinsurance business launched last year, Flatt wrote at the time. Canada's Brookfield to list 25% of asset management unit 2022-05-12T04:00:00Z The Republican set the session for May 23 to May 27 and has tasked the GOP-controlled statehouse with considering legislation on property insurance, reinsurance and building code changes. DeSantis sets dates for session on property insurance 2022-04-26T04:00:00Z Swiss Re said on Thursday that insurance and reinsurance losses from the invasion were likely to come in around the same as a medium-sized natural catastrophe loss such as from a hurricane. EXCLUSIVE AIG looks at cutting insurance for Russia, Ukraine -sources 2022-04-08T04:00:00Z On the issue of facultative reinsurance, whereby it insures bundles of risk in a job lot, Swiss Re said it expected to finalise a policy for the oil and gas sector in 2023. Swiss Re cuts fossil fuel cover for oil, gas to help climate 2022-03-17T04:00:00Z The source added that if the UK and other Western reinsurance companies stopped offering cover, then insurers in Japan would also likely do the same. Russian oil's Achilles' heel: insurance 2022-05-25T04:00:00Z Russian airlines have also been cut off from the insurance and reinsurance markets in the European Union and Britain. Explainer: How sanctions against Russia are battering the global aviation industry 2022-03-08T05:00:00Z The move will limit the benefits Russian businesses can receive from their access to the global insurance and reinsurance market through Lloyd's, the world's biggest insurance market. Russians look to move money to beat UK sanctions 2022-03-03T05:00:00Z Russian companies in the aviation or space industry will be blocked from accessing British-based insurance or reinsurance services directly or indirectly, the ministry said. UK shuts out Russian companies from insurance market 2022-03-03T05:00:00Z “In some regions, we already see changing weather patterns, most likely driven by climate change, already having an impact,” said Ernst Rauch, chief climate and geoscientist at the reinsurance company Munich Re. Extreme Weather and Rising Insurance Rates Squeeze Retirees 2022-02-04T05:00:00Z A report this morning by Munich Re, the German-based global reinsurance company, says Ida caused $65 billion in damage but that the rebuilt levee system “withstood the storm surges, thereby preventing much higher losses.” Rebuilt New Orleans Levees Saved Lives and Property 2022-01-10T05:00:00Z In areas hit by natural catastrophes, reinsurance rates in Germany rose by between 15% and more than 50%, with the same rate rises in Europe as a whole. Some European reinsurance rates rise by over 50% at Jan 2022 renewals 2022-01-04T05:00:00Z For only the third time since 1970, insured losses from extreme weather events worldwide exceeded $100 billion, according to a report yesterday by Swiss Re, the global reinsurance company. Global Weather Disasters Cost $101 Billion in 2021 2021-12-15T05:00:00Z "The UK Government will bring in legislation to prohibit UK-based insurance and reinsurance providers from undertaking financial transactions connected with a Russian entity or for use in Russia," the Treasury department said. UK shuts out Russian companies from insurance market 2022-03-03T05:00:00Z The reinsurance platform, which Apollo is set to acquire in January in an $11 billion deal, will account for around 40% of Apollo's $481 billion of assets under management once combined. EXCLUSIVE Canada's CPP Investments seeks to sell insurance groups in strategy U-turn -sources 2021-12-08T05:00:00Z Access Home Insurance received claims totaling around $180 million following Ida and had just $115 million in reinsurance and cash available. 2 Louisiana insurance companies fail after Hurricane Ida 2021-12-05T05:00:00Z Global property catastrophe reinsurance rates rose by 10.8% on average this year, reinsurance broker Guy Carpenter said in a separate report this week. Some European reinsurance rates rise by over 50% at Jan 2022 renewals 2022-01-04T05:00:00Z Tom Quy, cyber practice leader at reinsurance broker Acrisure Re, said attacks were moving away from healthcare facilities and municipalities - which have weak IT controls but also little money - to manufacturing or logistics companies. Insurers run from ransomware cover as losses mount 2021-11-19T05:00:00Z In the same vein, reinsurance broker Willis Re is using data from AI firm Cloud to Street to help clients price flood reinsurance. Risky business: Climate change turns up the heat on insurers, policyholders 2021-11-11T05:00:00Z Ascot Group provides global insurance and reinsurance products through its Lloyd's operations, as well as its platform in Bermuda. EXCLUSIVE Canada's CPP Investments seeks to sell insurance groups in strategy U-turn -sources 2021-12-08T05:00:00Z EU states are also considering broadening economic sanctions on Belarus imposed in July by targeting the local reinsurance sector and its main company state-owned BelarusRe, diplomats said. EXCLUSIVE EU close to deal on new round of Belarus sanctions, diplomats say 2021-11-09T05:00:00Z The company took a C$152 million charge in its property and casualty reinsurance business due to estimated losses from Hurricane Ida on the U.S. Manulife, Sun Life profits rise, as asset management growth offsets COVID, hurricane impact 2021-11-03T04:00:00Z "I was a contract writer for a reinsurance broker," Bold says, explaining how the job reinforced the new graduate's anticapitalist convictions. From North Dakota to Occupy Wall Street: An unlikely untold story of prairie radicalism 2021-10-30T04:00:00Z Exor had said at the time PartnerRe had one of the highest capital and liquidity ratios in the global reinsurance industry and was not expected to be significantly affected by the pandemic. Exor, Covea clinch $9 billion PartnerRe deal on pre-pandemic terms 2021-10-28T04:00:00Z Another recommendation called for the Federal Insurance Office to act quickly to analyze the impact of climate change on insurance and reinsurance coverage, particularly in hard-hit regions. Factbox: Key recommendations from U.S. Treasury's financial climate risk report 2021-10-22T04:00:00Z Investors were encouraged by the reinsurance company’s update on third-quarter catastrophe losses. UnitedHealth, Bank of America rise; Occidental, Boeing fall 2021-10-14T04:00:00Z Colorado covers the highest-cost consumer plans under the so-called reinsurance program that began in 2019, allowing insurers to moderate their rates. Feds OK Colorado plan to cover gender-affirming care 2021-10-12T04:00:00Z The insurance and retirement business announced a reinsurance deal that will generate about $1.2 billion of capital. Protagonist, Schlumberger fall; Invesco, Thermo Fisher rise 2021-09-17T04:00:00Z “That’s concerning to them, and that’s caused more pressure on the reinsurance companies that insure their risk, and more pressure on the homeowner.” With Extreme Weather, Home Insurance Will Cost More. If You Can Get It. 2021-09-10T04:00:00Z "There is a clear recognition that claims' frequency and severity is rising as demonstrated by recent natural catastrophes or cyber incidents," said Moses Ojeisekhoba, Swiss Re's reinsurance CEO. Global non-life premiums to rise 10% above pre-pandemic levels this year - Swiss Re 2021-09-09T04:00:00Z Moody's said demand for insurance and reinsurance is also rising as the global economy recovers. Global reinsurance rates to keep rising next year - Moody's 2021-09-07T04:00:00Z "We will increase the rate driven by the increase in reinsurance," he said, declining to say by how much. South Africa's state insurer to raise cover for unrest following riots 2021-08-24T04:00:00Z Insurance broker Arthur J. Gallagher said Friday it had agreed to buy the treaty reinsurance brokerage business of Willis Towers Watson for an initial consideration of $3.25 billion. Airbnb to allow hosts, guests to sue company over sexual assault claims 2021-08-13T04:00:00Z Foreign Minister Marc Garneau said in a statement that Ottawa would target transferable securities and money market instruments, debt financing, insurance and reinsurance, petroleum products and potassium chloride products. Canada imposes new sanctions on Belarus, targets financial sector 2021-08-09T04:00:00Z At the Zurich reinsurance company Swiss Re, for example, flights represented about two-thirds of its operational carbon footprint. ‘This Could Have Been a Zoom Meeting’: Companies Rethink Travel 2021-07-31T04:00:00Z The ratings agencies usually update their outlooks ahead of an annual reinsurance event in Monte Carlo each September. Global reinsurance rates to keep rising next year - Moody's 2021-09-07T04:00:00Z It said the companies dominated markets for risk and reinsurance brokering, health and pension benefits brokering, actuarial services for employer benefit programs and private exchanges that offer retiree benefits. Two insurance giants call off their planned merger after a Justice Dept. lawsuit. 2021-07-26T04:00:00Z “If there are catastrophic losses, the backstop there is not some sophisticated reinsurance market — it’s the citizens of Florida,” Dr. Keenan of Tulane said. Collapse Raises New Fears About Florida’s Shaky Insurance Market 2021-07-17T04:00:00Z But insurers are also being squeezed by the rising cost of what is called reinsurance — insurance that insurance companies themselves buy, to protect themselves against higher-than-expected losses in any given year. Collapse raises new fears in Florida’s shaky insurance market 2021-07-17T04:00:00Z Those that don’t adapt will risk greater loss of life and damage to property, said Ernst Rauch, chief climate and geoscientist at the reinsurance giant Munich Re. Experts: Europe floods shows need to curb emissions, adapt 2021-07-16T04:00:00Z Green Technology was also supposed to be backed by a wealthy individual who was providing reinsurance to GUA, but Barfield said he wasn’t that person and that no one else was associated with the company. Witness: Commissioner used arson money to buy campaign signs 2021-07-16T04:00:00Z “The commitments will strengthen Gallagher in its capabilities in reinsurance and commercial risk brokerage and improve its footprint in the European Economic Area,” the EU competition enforcer said in a statement. Aon wins EU nod for $30 billion Willis Towers deal 2021-07-09T04:00:00Z Their collective response was a new industry wrinkle called "captive reinsurance." Troubled waters: USA Swimming's struggle to cover up its sexual abuse crisis 2021-06-26T04:00:00Z “If there are catastrophic losses, the backstop there is not some sophisticated reinsurance market — it’s the citizens of Florida,” Keenan said. Collapse raises new fears in Florida’s shaky insurance market 2021-07-17T04:00:00Z More underwriters are now partnering with outside cybersecurity firms to vet companies’ protocols and security readiness, said Erica Davis, global co-head of cyber at global risk and reinsurance company Guy Carpenter. Ransomware claims are roiling an entire segment of the insurance industry 2021-06-17T04:00:00Z "The government should also look at extending the trade credit reinsurance scheme beyond the end of June to minimise possible disruptions in insurance coverage." Delaying lockdown easing will have 'critical impact' on business 2021-06-14T04:00:00Z According to insurance broker Risk Placement Services, reinsurance rates increased last year. Climate Emergency Stymies Forecasts of Local Disaster Risks 2021-04-16T04:00:00Z What emerged from the creativity of that generation's lawyers and MBAs was a new wrinkle called captive reinsurance. Top U.S. sports anti-drug official was involved in covering up swimming sex scandals 2021-04-15T04:00:00Z Vickers also said reinsurance losses were “not going to be a small amount of money”. Suez blockage may lead to large reinsurance claims, broker Willis Re says 2021-04-01T04:00:00Z Analysts said reinsurance companies will bear much of the losses for delays and extra fuel costs. Fallout lingers after tanker pried loose in Suez Canal 2021-03-29T04:00:00Z This event will reduce global reinsurers' earnings but should not materially affect their credit profiles, while prices for marine reinsurance will rise further, the credit rating agency said. Global reinsurers stare at massive losses from Suez Canal blockage, Fitch says 2021-03-29T04:00:00Z How do disasters and extreme weather events associated with climate change factor into the reinsurance landscape? Climate Emergency Stymies Forecasts of Local Disaster Risks 2021-04-16T04:00:00Z It was particularly concerned about the effects of the merger on reinsurance broking services, which it deemed vital for the Australian economy. Australian regulator raises antitrust doubts over Aon's $30-billion Willis Towers bid 2021-02-18T05:00:00Z The blockage was the latest in a growing number of man-made disasters leading to reinsurance losses, on top of a list of natural catastrophes in the past year, he said. Suez blockage may lead to large reinsurance claims, broker Willis Re says 2021-04-01T04:00:00Z Property and casualty reinsurance premiums are up by 25-30% for the riskiest areas of business, the report showed. Aviation reinsurance rates rise by up to 250% - report 2021-01-04T05:00:00Z The EU investigation will also examine the provision of reinsurance brokerage services and the provision of retirement and health & welfare services. Aon's $30 billion Willis Towers deal in EU antitrust crosshairs 2020-12-21T05:00:00Z Georgia will also spend state money on a reinsurance program that would allow companies to lower monthly premiums for all customers. Feds approve Georgia health insurance changes sought by Kemp 2020-10-15T04:00:00Z The state was facing rate increases of up to 50% in 2018, when state lawmakers and the governor approved legislation to create a state reinsurance program. Maryland individual health insurance rates drop again 2020-09-15T04:00:00Z Global marine reinsurance rates were generally seeing “high single digit” percentage point increases, Willis Re said in its April reinsurance renewals report on Thursday. Suez blockage may lead to large reinsurance claims, broker Willis Re says 2021-04-01T04:00:00Z The Lloyd's of London insurance market, whose results are an aggregate of its more than 90 syndicate members, said it would pay out £2.4bn in pandemic-related claims in the first half, after reinsurance recoveries. Lloyd's says coronavirus claims set to hit £5bn 2020-09-10T04:00:00Z But losses from terrorism or pandemics are too big for existing reinsurance companies to take on, which is why Congress is considering a federal version. Businesses Thought They Were Covered for the Pandemic. Insurers Say No. 2020-08-05T04:00:00Z Last month, a bipartisan group of U.S. senators introduced legislation that would expand existing sanctions related to the natural gas pipeline to include penalties on parties providing underwriting services, insurance or reinsurance and pipe-laying activities. U.S. keen to ensure Russian pipeline does not threaten Europe, Pompeo says 2020-07-30T04:00:00Z The sneakiest provision of the bill may be its treatment of reinsurance expenses. Column: As focus turned to coronavirus crisis, insurers pushed for a sneaky rate hike on homeowners 2020-06-19T04:00:00Z Insurers typically pass at least part of the reinsurance rates they pay onto policyholders. Hurricanes may cause more pain for pandemic-hit insurers 2020-06-01T04:00:00Z Implementing a new government reinsurance program would push down subsidy costs and premium costs for individuals. Insurers weigh future filled with pricey drugs, coronavirus 2020-03-15T04:00:00Z It would create a so-called reinsurance program, which would provide government funds to help insurers offset the cost of patients with expensive medical conditions. Pelosi, Seeking to Insulate House Majority, Presses Plan to Lower Health Costs 2020-03-09T04:00:00Z The Senate balked at Northam’s ambitious plan to set up a reinsurance program in the individual health insurance market. Flush with cash, Virginia lawmakers push bigger raises for teachers 2020-02-16T05:00:00Z The exclusion was endorsed in a 1994 case by the state Supreme Court, which found that allowing reinsurance to be incorporated in consumer rates would open “a possible loophole.” Column: As focus turned to coronavirus crisis, insurers pushed for a sneaky rate hike on homeowners 2020-06-19T04:00:00Z In the short-term, QBE would manage higher claims by considering event frequency and severity in its capital planning and will deploy a comprehensive catastrophe reinsurance program, it said. Climate change could make premiums unaffordable: QBE Insurance 2020-02-17T05:00:00Z It was not until a fire warden pleaded with Zaffino – who was then an executive at reinsurance brokerage Guy Carpenter – that he finally left, a person familiar with the situation said. Can a 'numbers guy' with insurance DNA finally fix AIG? 2020-02-12T05:00:00Z The GAO said the administration broke the Affordable Care Act due to its handling of “transitional reinsurance.” Watchdog cited in impeachment push repeatedly flagged violations under past presidents 2020-01-22T05:00:00Z Other notable cancellations included Reassure — the UK arm of reinsurance group Swiss Re — and Italian luxury yacht maker Ferretti. Aramco, Alibaba rescue sluggish 2019 global ECM market 2019-12-20T05:00:00Z Rosenfield says that because reinsurance is unregulated, allowing it to become part of a rate filing raises the potential of double- or even triple-digit rate increases for consumers. Column: As focus turned to coronavirus crisis, insurers pushed for a sneaky rate hike on homeowners 2020-06-19T04:00:00Z The Zurich-based reinsurance company said Thursday that its annual review found natural disasters such as tropical cyclones and floods accounted for $133 billion in economic losses. Swiss Re says disasters cost world $140 billion in 2019 2019-12-19T05:00:00Z Zaffino has been the point man to execute those goals, partly by mitigating losses in commercial property and casualty businesses and relying more on reinsurance while also modernizing technology and processes. Can a 'numbers guy' with insurance DNA finally fix AIG? 2020-02-12T05:00:00Z One fix is for insurers to buy what’s called reinsurance — a sort of insurance for insurers — providing payments if claims rise beyond a certain level. California bans insurers from dropping policies made riskier by climate change 2019-12-05T05:00:00Z They give broad advice to insurers, rather than specific policy or pricing recommendations, but can potentially refuse to provide reinsurance or can raise premiums if their guidance is ignored. Could life insurance go up in smoke for some vapers? 2019-12-02T05:00:00Z The company said its policies are backed by Munich Re, a major reinsurance company. Vouch, insurance for startups, raises $45 million 2019-11-20T05:00:00Z They’re expected to discuss three major policy concepts, including a possible state-funded reinsurance program, prescription drug importation and the benchmarking of health care costs to a statewide target, similar to a Massachusetts initiative. Lawmakers to hold forum on reducing high health care costs 2019-11-09T05:00:00Z The so-called reinsurance program would allow the companies to lower monthly premiums for all customers. Georgia governor releases plans for health care overhaul 2019-10-31T04:00:00Z Called reinsurance, the money went to help the insurers pay for extremely costly cases. Excerpts from recent Minnesota editorials 2019-10-02T04:00:00Z The shift in the reinsurance and insurance sector represents a further blow to the vaping industry, which markets its products as healthier alternatives to smoking. Could life insurance go up in smoke for some vapers? 2019-12-02T05:00:00Z Lloyd’s said on Monday that reinsurance group Munich Re, which already has a presence at Lloyd’s, was setting up the first remote “syndicate-in-a-box” which will focus on newer areas such as renewable energy. Lloyd's of London to go electronic next year 2019-09-30T04:00:00Z The board hasn’t met in Michigan, home state of its insurance pool administrator, and Florida, site of a reinsurance conference, every year. Recent editorials published in Iowa newspapers 2019-09-30T04:00:00Z Twelve of those approved plans asked to use federal funding to help finance state-based reinsurance programs. Georgia governor releases plans for health care overhaul 2019-10-31T04:00:00Z They attributed the decline to a $380 million health care reinsurance plan crafted by state leaders in 2018 to shore up the volatile market. Man fatally shot in Southwest Washington on Wednesday night 2019-09-19T04:00:00Z Some companies, especially smaller ones, buy reinsurance plans as an additional buffer against high-cost claims. Employers fear squeeze from new genetic cures that cost millions | Produced by Advertising Publications 2019-09-19T04:00:00Z In 2005, for instance, Swiss Re, the world’s largest reinsurance company, sponsored a study at the Center for Health and the Global Environment, at Harvard Medical School. Money Is the Oxygen on Which the Fire of Global Warming Burns 2019-09-17T04:00:00Z Separately, Jeworrek said he expected reinsurance rates to rise further across the industry, stabilizing after years of declines. Dorian industry insured losses seen in several billions of dollars:... 2019-09-08T04:00:00Z Average rates for the individual market will decrease under a so-called “reinsurance” plan developed by Health Source RI and approved by the General Assembly and the governor. 2020 health policy premium rates set by health commissioner 2019-09-05T04:00:00Z S&P said rates would likely rise by around 5%, Moody’s expected rises of 0-5%, while Fitch predicted 1-2%, in briefings ahead of the reinsurance industry’s annual conference in Monte Carlo which begins on Saturday. Catastrophes set to drive 2020 reinsurance rates higher 2019-09-03T04:00:00Z The three Montana companies that offer health insurance policies on the individual marketplace are proposing reduced rates in 2020, in part because of the reinsurance program. US health officials approve Montana reinsurance pool 2019-08-16T04:00:00Z Increasingly, however, the reinsurance industry is applying the model to risks once deemed uninsurable, aided by advances in data science. Targeted insurance offers French farmers some drought relief 2019-08-01T04:00:00Z The 2019 Legislature created a reinsurance pool to help pay claims ranging from $40,000 to about $1 million using federal money and a premium tax on all major medial policies sold in the state. Insurers propose reduced premiums for individual policies 2019-06-27T04:00:00Z Maintaining the provider tax, and extending another program called “reinsurance,” merely kept the status quo in Minnesota. Excerpts from recent Minnesota editorials 2019-06-10T04:00:00Z North Dakota is the latest state to seek such a waiver, but it’s to create a reinsurance program, not to buck ACA requirements. Analysis | The Health 202: States aren't taking up the Trump administration's offer of Obamacare 'relief' 2019-05-06T04:00:00Z Bullock signed the bill Tuesday creating a reinsurance program to help reimburse insurers for high-cost claims so those costs aren’t included in determining individual marketplace premiums for the following year. Governor signs bill meant to lower some insurance premiums 2019-05-01T04:00:00Z That would fund a two-year reinsurance program beginning next year. Senators present reworked Colorado health reinsurance bill 2019-04-25T04:00:00Z “Right now I would characterize it as a situation where if you want to be a fast follower, then you’re still a fast follower,” said James Whitelaw, spokesman for the reinsurance giant Transatlantic Reinsurance Co. Tech Offers a Virtual Window into Future Climate Change Risk 2019-04-23T04:00:00Z U.S. approval is required for any state reinsurance plan since it would require hundreds of millions of dollars from the federal government. The Latest: Senator: Work needed on reinsurance legislation 2019-04-18T04:00:00Z A state health insurance provider fee of 1 percent will be assessed through 2023 to help fund the state’s reinsurance program, which provides a safety net for insurers by helping to pay large claims. A look at measures passed by the Maryland General Assembly 2019-04-06T04:00:00Z Democrats said such “reinsurance” programs would lower premiums, as shown by the experience of Minnesota, Alaska, Maryland and several other states. Trump Sided With Mulvaney in Push to Nullify Health Law 2019-03-27T04:00:00Z One, by Representative Angie Craig, Democrat of Minnesota, seeks to lower premiums by setting up reinsurance programs, using a combination of federal and state funds to help pay the largest claims. House Democrats to Unveil Plan to Expand Health Coverage 2019-03-25T04:00:00Z Other bills have bipartisan support; a measure drafted by Senator Susan Collins, Republican of Maine, would create state-based reinsurance programs to help pay large health insurance claims, thus lowering premiums on the act’s exchanges. Medicare for All Is Divisive (in the Democratic Party) 2019-03-18T04:00:00Z Colorado lawmakers are set to advance legislation to create a state reinsurance plan that would help private health insurers lower individual premiums. The Latest: Senator: Work needed on reinsurance legislation 2019-04-18T04:00:00Z Maryland lawmakers last year designed a “reinsurance” program to help restrain the risk in health-care insurance premiums. Opinion | Here’s a way Maryland can stabilize Obamacare, despite federal sabotage 2019-03-01T05:00:00Z And it wants to stabilize premiums by persuading states to set up reinsurance programs, using a combination of federal and state funds to help pay the largest claims. Health Care and Insurance Industries Mobilize to Kill ‘Medicare for All’ 2019-02-23T05:00:00Z The second was the reinsurance program, which went into effect into 2018. Excerpts from recent Minnesota editorials 2019-02-18T05:00:00Z Another proposal calls for a reinsurance program for the highest-cost medical cases to help stabilize premiums. Colorado Editorial Roundup 2019-02-06T05:00:00Z Its priorities include pursuing a state reinsurance program designed to help private insurers keep individual premiums down. Colorado’s Polis creates office to reduce health care costs 2019-01-23T05:00:00Z Maryland’s neighbor to the northeast created a reinsurance program and imposed a mandate that all state residents carry insurance or pay a fine. Opinion | Here’s a way Maryland can stabilize Obamacare, despite federal sabotage 2019-03-01T05:00:00Z China and Germany welcome German insurers to set up wholly-owned insurance holding companies in China, and welcome Chinese insurers and reinsurers to conduct reinsurance business in Germany, the statement said. Germany, China pledge to deepen pragmatic financial cooperation 2019-01-18T05:00:00Z While the rate decreases under reinsurance were welcome, they reflect an average. Excerpts from recent Minnesota editorials 2019-02-18T05:00:00Z Polis says he will create a reinsurance program to support health insurers in Colorado’s marketplace. The Latest: Colorado’s Polis delivers State of State speech 2019-01-10T05:00:00Z The reinsurance giant said on Tuesday that the November fire caused overall losses of $16.5 billion. Insurer: Calif. fire was costliest natural disaster in 2018 2019-01-08T05:00:00Z Beyond reinsurance, a rational state response is to reimpose it within state borders. Opinion | Here’s a way Maryland can stabilize Obamacare, despite federal sabotage 2019-03-01T05:00:00Z A realignment of regional insurance markets and the creation of a state reinsurance program might alleviate sky-high premiums in 14 rural counties that now have only one insurer under the Affordable Care Act. Democrats in charge as Colorado Legislature convenes 2019-01-03T05:00:00Z At a minimum, House Speaker Melissa Hortman must ensure that the reinsurance bill is heard by a House committee with deep health care expertise. Excerpts from recent Minnesota editorials 2019-02-18T05:00:00Z The expected total claims costs related to the hailstorms will exceed the A$250 million pre-tax maximum first event retention limit within its reinsurance program, the insurer added. Australia's Suncorp inundated with claims after Sydney hailstorm 2019-01-02T05:00:00Z Michael and Florence, the California wildfires and a volcanic eruption in Hawaii are all on that list, according to the Zurich-based reinsurance company Swiss Re. Extreme weather in 2018 was a raging, howling signal of climate change 2018-12-31T05:00:00Z The governor should ensure that the state’s reinsurance program continues past its expiration date and push for the down payment plan. Opinion | Here’s a way Maryland can stabilize Obamacare, despite federal sabotage 2019-03-01T05:00:00Z Maine’s reinsurance program first launched in 2011 but a similar federal Affordable Care Act plan replaced it. Maine to receive $65 million for reinsurance program in 2019 2018-12-16T05:00:00Z When reinsurance was passed in 2017, it was supposed to be a temporary fix, a bridge to something better when its two years expired. Excerpts from recent Minnesota editorials 2019-02-18T05:00:00Z Hawaii made technical changes to their small-business coverage model, while seven others requested the same idea — a reinsurance program. Donald Trump outlines ways states can duck Obamacare’s strictures 2018-11-29T05:00:00Z They eliminated the individual mandate, which pushed people to sign up while they were still healthy; they eliminated reinsurance that helped insurance companies manage their own risk; they cut back drastically on outreach. How Democrats can deliver on health care 2018-11-25T05:00:00Z This is epitomized by the reinsurance industry, tasked with trying to manage the enormous and increasingly unpredictable unpaid, externalized costs of climate change. Why Democrats must embrace Ocasio-Cortez’s “Green New Deal” proposal 2018-11-25T05:00:00Z Khoury-Haq, who has been at Lloyd’s for almost five years, worked to digitize the London reinsurance market. Lloyd's of London COO Shirine Khoury-Haq to leave 2018-11-21T05:00:00Z Are there better ways to aid consumers besides a state reinsurance program? Excerpts from recent Minnesota editorials 2019-02-18T05:00:00Z It would also restore Obamacare outreach funds that Mr. Trump canceled and fund a federal reinsurance program. ‘Reinsurance’ Obamacare fix wins bipartisan support in Senate 2018-11-13T05:00:00Z The administration supports reinsurance, saying it helped to stabilize Obamacare premiums that soared in earlier years. Trump admin. loosens up Obamacare waiver rules 2018-10-22T04:00:00Z The company said the reinsurance programs performed well after Hurricane Irma last year, which caused about $50 billion in damages in Florida. Florida insurers to weather effects of Michael, analysts say 2018-10-13T04:00:00Z The company said the reinsurance programs performed well after Hurricane Irma last year, which caused about $50 billion in damages in Florida. Florida insurers to weather effects of Michael, analysts say 2018-10-13T04:00:00Z The company said the reinsurance programs performed well after Hurricane Irma last year, which caused about $50 billion in damages in Florida. Analysts: Florida insurers will survive hit from Michael 2018-10-13T04:00:00Z The company said the reinsurance programs performed well after Hurricane Irma last year, which caused about $50 billion in damages in Florida. Analysts: Florida insurers will survive hit from Michael 2018-10-13T04:00:00Z He also approved reinsurance programs to drive down premiums in seven states. Obamacare enjoys resurgence under Donald Trump 2018-10-11T04:00:00Z The reduction is attributed to a new reinsurance program Walker signed into law this year that takes effect in 2019. Walker: Private market insurance rates to drop 4.2 percent 2018-10-11T04:00:00Z Responding to Mr. Trump’s sabotage of Obamacare, Mr. Hogan worked with Democrats in Annapolis to enact a temporary health-care market reinsurance program to keep premiums down. Opinion | Larry Hogan for Maryland governor 2018-10-10T04:00:00Z They amended their requests to reflect the impact of a state reinsurance program approved in August by the Trump administration. Fact-Checking the President: Has He Saved or Sabotaged Obamacare? 2018-10-06T04:00:00Z Walker also cited White House approval of the state’s reinsurance plan and increase in federal highway money as signs of his good relationship with Trump. Walker would welcome Trump during hardest gubernatorial race 2018-10-05T04:00:00Z It’s the second year of stable or dropping health care premiums after Minnesota lawmakers created a $549 million reinsurance fund to help control costs. Minnesota’s health insurance rates are dropping for 2019 2018-10-02T04:00:00Z Hogan praised Democratic leaders for joining his administration to create the reinsurance fund, which taxes health insurance companies to help pay the most costly claims. New Maryland program staves off huge health insurance increases 2018-09-21T04:00:00Z The lower rates are the result of the state’s reinsurance program. Hogan announces lower health insurance rates 2018-09-21T04:00:00Z The plan bought $1 billion in reinsurance to bolster its finances, and in total, these measures provided nearly $3 billion in financial protection. Potential insurance bill from Hurricane Florence could take toll on wallets far from N.C. coast 2018-09-14T04:00:00Z AIG is also buying reinsurance to mitigate losses on old business. After its near-death, AIG CEO plots revival by returning to basics 2018-09-10T04:00:00Z Walker argues the ad is misleading and health insurance costs will decrease in Wisconsin once a recently approved reinsurance program takes effect. Wisconsin’s tight governor’s race puts Walker on defensive 2018-09-02T04:00:00Z Maryland is one of several that asked the federal government for permission to create a reinsurance fund or a pool of money that will essentially serve as insurance for insurance companies. Maryland receives federal waiver for health-care reinsurance pool 2018-08-22T04:00:00Z The Health 202 wrote last month about how reinsurance programs are the “unicorn of health care.” Analysis | The Health 202: Has Medicaid expansion helped or hurt the program? Depends which of these Republicans you ask 2018-08-22T04:00:00Z But when enrollees’ drug spending surpasses a certain catastrophic threshold — set at $5,000 in out-of-pocket spending in 2018 — 80 percent of drug costs shifts to a government program called reinsurance. The Large Hidden Costs of Medicare’s Prescription Drug Program 2018-08-13T04:00:00Z But reinsurance programs have bipartisan appeal because for Democrats they serve as a way to stabilize Obamacare, and for Republicans they give more power to states and don't increase spending. Analysis | The Health 202: Meet the unicorn of health-care policy 2018-07-31T04:00:00Z It is unclear how much of a role reinsurance will play for insurers or J&J. U.S. insurers grilled on exposure to $4.7 billion J&J talc verdict 2018-07-31T04:00:00Z The federal waiver will allow Wisconsin to offer a $200 million reinsurance program that Walker said will stabilize the market and attract more insurance providers to the private marketplace. Walker: Federal waiver approved for reinsurance program 2018-07-29T04:00:00Z In Minnesota, which created a reinsurance program to help pay for customers’ expensive medical conditions, carriers are actually seeking lower premiums. Obamacare Is Proving Hard to Kill 2018-07-03T04:00:00Z For commercial market insurance products — such as those offered by employers or in the health insurance marketplaces — only about 1 percent of policyholders reach a catastrophic level of expenditures at which reinsurance kicks in. The Large Hidden Costs of Medicare’s Prescription Drug Program 2018-08-13T04:00:00Z Alaska was the first state to apply for permission to create a reinsurance program at the end of the Obama administration. Analysis | The Health 202: Meet the unicorn of health-care policy 2018-07-31T04:00:00Z The Hartford entered a reinsurance pact with Berkshire Hathaway Inc’s National Indemnity Company in 2016 for asbestos and environmental claims. U.S. insurers grilled on exposure to $4.7 billion J&J talc verdict 2018-07-31T04:00:00Z Under the reinsurance program, the government would provide money to health insurance providers to pay about 50 percent of medical claims costing between $50,000 and $200,000 starting next year. Walker: Federal waiver approved for reinsurance program 2018-07-29T04:00:00Z In Washington state, lawmakers were unsuccessful in their attempts to create a reinsurance program, said Mr. Kreidler, the regulator. Obamacare Is Proving Hard to Kill 2018-07-03T04:00:00Z For the purposes of reaching the catastrophic threshold and triggering reinsurance, these industry contributions count as out-of-pocket payments for enrollees, even though they are not. The Large Hidden Costs of Medicare’s Prescription Drug Program 2018-08-13T04:00:00Z "These reinsurance program waivers are like magic money trees." Analysis | The Health 202: Meet the unicorn of health-care policy 2018-07-31T04:00:00Z The Maryland General Assembly just passed legislation calling for a reinsurance program. States act on their own to fill holes Washington is knocking in Affordable Care Act 2018-07-01T04:00:00Z Walker, who faces re-election in November, pushed the reinsurance proposal and the Legislature passed a bill authorizing the program with bipartisan support. Walker: Federal waiver approved for reinsurance program 2018-07-29T04:00:00Z Those two insurance companies, in turn, buy reinsurance from Mariner’s offshore affiliate, called MFI Insurance. ‘A way of monetizing poor people’: How private equity firms make money offering loans to cash-strapped Americans 2018-07-01T04:00:00Z Dame Inga has led the insurance and reinsurance market since 2014. Lloyd's of London chief to step down 2018-06-29T04:00:00Z Minnesota and Oregon were also approved to create reinsurance programs last year; Wisconsin and Maine this week; and New Jersey and Maryland have applications pending. Analysis | The Health 202: Meet the unicorn of health-care policy 2018-07-31T04:00:00Z And several states are asking for federal permission to create “reinsurance” funds, or pools of money that help protect insurers from the risk of covering customers who need high-cost medical services. States act on their own to fill holes Washington is knocking in Affordable Care Act 2018-07-01T04:00:00Z I’ve not heard him at a rally saying, ‘Let’s stabilize with reinsurance.’ Democrats want to shift focus to health care, pre-existing conditions as midterms loom 2018-06-27T04:00:00Z She also assented to a European reinsurance arrangement for unemployment. Merkel and Macron Try to Save European Union, and Themselves 2018-06-19T04:00:00Z She also assented to a European reinsurance arrangement for unemployment, both measures were once unthinkable for Merkel’s fiscally conservative country. Merkel, Macron agree on euro budget, migrants 2018-06-19T04:00:00Z If there's any criticism of the reinsurance plans it's that they're not a long-term solution to the problems ailing the ACA. Analysis | The Health 202: Meet the unicorn of health-care policy 2018-07-31T04:00:00Z The Washington Legislature should enact Insurance Commissioner Mike Kreidler’s proposal to stabilize the individual insurance market through a state reinsurance program. Affordable Care Act is worth saving 2018-06-18T04:00:00Z Nikolay Galushin’s comments underscore the impact of fresh sanctions on the Russian economy as it chokes off access to regular reinsurance - a critical process that backstops insurance by sharing large risks. Russian state reinsurer shoulders more risk after U.S. sanctions 2018-06-15T04:00:00Z “As the federal government’s exposure to extreme weather and associated natural disasters has grown, so has the reinsurance industry’s role in helping cover that risk,” per the report. Analysis | The Energy 202: 'He’s the head of the EPA, not the Sultan of Brunei.' Conservative group runs ad calling for Pruitt to go 2018-06-13T04:00:00Z The spot touts his $200 million reinsurance plan that won bipartisan support in the Legislature. Walker emphasizes health insurance plan in latest ad 2018-06-05T04:00:00Z The broker said demand from investors to put money to work in the reinsurance market remained strong, with dedicated reinsurance capital at record levels. Florida catastrophe reinsurance rates rise only slightly: JLT Re 2018-06-01T04:00:00Z That is especially true in Maryland, where the governor and state legislators are feverishly working to stabilize the market through a “ reinsurance fund,” which would require a waiver from the federal government. Opinion | This is what a death spiral looks like 2018-05-14T04:00:00Z Insurers would be protected from catastrophic costs through permanent reinsurance and risk-adjustment programs, mechanisms that stabilized the system in Obamacare’s early years. Opinion | A near-universal health-care plan that wouldn’t break the bank 2018-05-13T04:00:00Z The highest median pay in the financial industry, according to Proxy Insight’s data, was at a reinsurance firm rather than a big Wall Street bank. Looking for a bigger salary? These are the companies with the highest median pay | Produced by Advertising Publications 2018-05-11T04:00:00Z As envisioned by insurance regulators, the fund would offer “reinsurance,” which is insurance for insurance companies because a catastrophic natural disaster could bankrupt an insurer. Florida editorial roundup 2018-05-09T04:00:00Z He added there is hope that the state’s efforts to stabilize the marketplace through a reinsurance fund would help provide relief to consumers. Maryland’s Obamacare insurers request 30 percent premium hike for 2019 2018-05-07T04:00:00Z Maryland Gov. Larry Hogan, a Republican, said the requested hikes underscore the need to enact the reinsurance program that Annapolis lawmakers approved earlier this year. Md. insurers seek double-digit rate hikes under Obamacare 2018-05-07T04:00:00Z “Talks between Swiss Re and SoftBank over an investment in the reinsurance company are close to collapsing after three months of discussions,” the FT said. Talks between Swiss Re and SoftBank close to collapsing: FT 2018-05-06T04:00:00Z The highest median pay in the financial industry, according to Proxy Insight's data, was at a reinsurance firm rather than a big Wall Street bank. Looking for a bigger salary? These are the companies with the highest median pay 2018-04-26T04:00:00Z Florida has a working model, the Hurricane Catastrophe Fund that provides reinsurance to private insurers, who are required use it. Florida editorial roundup 2018-05-09T04:00:00Z Congress tried to reverse the potential damage with a “stabilization” bill that would have restored “cost-sharing” reimbursements to insurers and posted billions in federal reinsurance money to tamp down premiums. New Jersey poised to add Obamacare mandate 2018-04-22T04:00:00Z “We are working with our federal partners to expedite approval for Maryland’s reinsurance waiver, and we continue to call for action at the federal level to fix our broken health insurance system,” he said. Md. insurers seek double-digit rate hikes under Obamacare 2018-05-07T04:00:00Z Fairfax is a holding company involved in property and casualty insurance and reinsurance and investment management. Fairfax bids $300 million for Toys R Us’s Canada business 2018-04-20T04:00:00Z Under the reinsurance program, the government would provide money to health insurance providers to pay about 50 percent of medical claims costing between $50,000 and $200,000 starting in 2019. Walker sees federal waiver for reinsurance program 2018-04-18T04:00:00Z The vote creates the parameters for a reinsurance program. Maryland health exchange board votes for reinsurance program 2018-04-16T04:00:00Z “Congress funding a reinsurance program would likely have a much greater effect on the premiums than the changes in this particular rule,” said Elizabeth Carpenter, senior vice president at the consulting firm Avalere. Analysis | The Health 202: Trump health officials rewrite big Obamacare rules 2018-04-10T04:00:00Z In an annual study released Tuesday, the Swiss reinsurance company said total losses from natural and man-made disasters hit $337 billion in 2017 — twice as high as the year before and second only to 2011. 2017 saw record insured losses from disasters, study finds 2018-04-10T04:00:00Z Fearful of being overwhelmed by similar and even bigger catastrophes, insurance and reinsurance companies turned to the capital markets, flush with deep-pocketed investors such as hedge funds and money managers. Mexico's disaster bonds were meant to provide quick cash after hurricanes and earthquakes. But it often hasn’t worked out that way 2018-04-08T04:00:00Z Rates are at least 20 percent lower this year in Alaska and Minnesota, and about 7 percent less in Oregon, the only three states with a reinsurance program. Walker sees federal waiver for reinsurance program 2018-04-18T04:00:00Z Hogan signed measures Thursday to create what’s known as a reinsurance program. Maryland governor signs bills to help stabilize health care 2018-04-05T04:00:00Z The other bill moves the state toward reinsurance that would provide protection for insurers against very high claims. Maryland governor signs bills to help stabilize health care 2018-04-05T04:00:00Z A representative with the Maine Bureau of Insurance says the state is working on a reinsurance program for 2019 to help balance insurance premiums. Residents struggle to afford rising health care premiums 2018-04-02T04:00:00Z As part of a risk management strategy that incorporates reinsurance and government disaster funds, the bonds have proved effective, a spokesman for the Finance Ministry said in a statement. Mexico's disaster bonds were meant to provide quick cash after hurricanes and earthquakes. But it often hasn’t worked out that way 2018-04-08T04:00:00Z There was also a reinsurance program under the federal health care law for its first three years. Walker sees federal waiver for reinsurance program 2018-04-18T04:00:00Z The measures generally fall into three categories: applying for a federal-funds waiver; creating a reinsurance pool based on approval of the waiver; and implementing an individual insurance mandate. Maryland lawmakers tackle health care proposals 2018-03-30T04:00:00Z Elsewhere, Wisconsin Gov. Scott Walker signed a bill that authorizes his state to submit its own waiver for a reinsurance program. Obamacare premiums spike feared after Democrats balk at GOP stabilization bill 2018-03-27T04:00:00Z The first, creating a “reinsurance” program for the state, seems likely to pass. Opinion | Maryland’s ingenious plan to fix Obamacare 2018-03-22T04:00:00Z Crucially, Republicans were on the verge of ponying up $30 billion over three years for state “reinsurance” programs, which would assist health insurance companies with high-cost patients and thereby lower overall premiums. Opinion | Obamacare’s fate hinges on a bipartisan vote that may never come 2018-03-20T04:00:00Z The Legislature passed the bill authorizing the reinsurance program with bipartisan support. Walker sees federal waiver for reinsurance program 2018-04-18T04:00:00Z Hogan has expressed support for the reinsurance provisions. Maryland lawmakers tackle health care proposals 2018-03-30T04:00:00Z Besides reinsurance money, the proposal would have restored cost-sharing reimbursements to insurers, expanding the range of cheaper options for healthier people and streamlining the waiver system that lets state experiment under the Affordable Care Act. Obamacare premiums spike feared after Democrats balk at GOP stabilization bill 2018-03-27T04:00:00Z They would also create a $30 billion, three-year reinsurance program that states could use to help insurers afford to cover their most seriously ill, expensive consumers. Border wall, Hudson River project hold up spending bill 2018-03-19T04:00:00Z Though a national reinsurance plan would cost the government some money, it would also reduce the amount the treasury would have to pay to subsidize people’s premium payments, somewhat offsetting the price tag. Opinion | Obamacare’s fate hinges on a bipartisan vote that may never come 2018-03-20T04:00:00Z This is a blowout compared with the roughly $5 billion over two years in reinsurance proposed last year by Maine Republican Senator Susan Collins. Life Support for ObamaCare 2018-03-19T04:00:00Z According to the fiscal policy analysis, reinsurance is insurance for insurers to protect against any potential significant losses. Maryland lawmakers tackle health care proposals 2018-03-30T04:00:00Z “States would have to move fast to have reinsurance programs in place to affect premiums for 2019.” Obamacare premiums spike feared after Democrats balk at GOP stabilization bill 2018-03-27T04:00:00Z The money will be used to keep rates down over the next year and create a pathway to a long-term solution through reinsurance, which protects insurers against very high claims. The Latest: Maryland House approves health care measures 2018-03-19T04:00:00Z The other puts the state on a path for a long-term solution through reinsurance, which protects insurers against very high claims. Bills to rescue Maryland health exchange market advance 2018-03-16T04:00:00Z But the latest proposal is $30 billion of reinsurance over three years. Life Support for ObamaCare 2018-03-19T04:00:00Z While the state does not need the waiver to establish a reinsurance program, it would maximize the ability of the state to capitalize on funding reinsurance to prevent rates from skyrocketing, according to the analysis. Maryland lawmakers tackle health care proposals 2018-03-30T04:00:00Z “I like to focus on what we have control over,” said Ms. Korbulic, who felt federal reinsurance money would have “gone a long way” in stabilizing the markets. Obamacare premiums spike feared after Democrats balk at GOP stabilization bill 2018-03-27T04:00:00Z The other bill, from Sen. Susan M. Collins, Maine Republican, and Bill Nelson, Florida Democrat, would spend billions of dollars in reinsurance money to subsidize extra-pricey customers. Obamacare premiums to increase over Congressional disagreements 2018-03-07T05:00:00Z That’s why Conway is pushing for legislation to authorize a reinsurance program “designed to accomplish the same thing as a single geographic rating area, but will benefit everybody in the state.” Colorado Editorial Roundup 2018-02-28T05:00:00Z Health insurers are telling Republicans that without cost-sharing and reinsurance payments, they’ll announce huge premium increases right before the midterms this fall. Life Support for ObamaCare 2018-03-19T04:00:00Z Walker signed the reinsurance bill less than 24 hours after Schimel joined with 19 other states in filing a federal lawsuit in Texas. Walker moves to stabilize market amid new lawsuit 2018-02-27T05:00:00Z Washington State explored legislation to set up a reinsurance program, but couldn’t settle on how to finance it. Obamacare premiums spike feared after Democrats balk at GOP stabilization bill 2018-03-27T04:00:00Z That percentage, according to Berkshire, is far below the 7 to 15 percent losses suffered by some reinsurance companies. Buffett’s Annual Letter: Berkshire Records $29 Billion Gain From Tax Law 2018-02-24T05:00:00Z Alaska reduced an projected 42-percent rate increase to 7 percent the first year it implemented a reinsurance program and then followed it up with a 42-percent reduction in rates. Colorado Editorial Roundup 2018-02-28T05:00:00Z House Republicans are thus looking for a quick fix to lower premiums and are holding up the Senate for the $30 billion in reinsurance. Life Support for ObamaCare 2018-03-19T04:00:00Z Passage of the reinsurance bill will help put protections in place to ensure coverage for people even if the law is eliminated, she said. Walker moves to stabilize market amid new lawsuit 2018-02-27T05:00:00Z It was the most unpopular aspect of the federal law, so reinsurance waivers are a more likely option for states that still have time to act. Obamacare premiums spike feared after Democrats balk at GOP stabilization bill 2018-03-27T04:00:00Z Most of Berkshire’s 90-odd businesses reported improving profits in the quarter, but the company’s key insurance units, which include Geico and several major reinsurance companies, reported a $491 million loss on policy underwriting. Berkshire Hathaway says tax law gives it $29B boost in 4Q 2018-02-24T05:00:00Z It also called for a reinsurance program to keep premiums in check and a local supplement to federal subsidies that help qualified Obamacare consumers pay their monthly bills. Governors push for bipartisan middle ground on health care 2018-02-23T05:00:00Z One includes a proposal for what’s known as reinsurance, which protects insurers against very high claims. Maryland weighs reviving insurance for health insurers 2018-02-21T05:00:00Z If approved by President Donald Trump’s administration, Wisconsin would join Minnesota, Oregon and Alaska with a reinsurance program. Walker moves to stabilize market amid new lawsuit 2018-02-27T05:00:00Z If the federal government approves it, Wisconsin would join Alaska, Minnesota and Oregon as states with reinsurance programs. Obamacare premiums spike feared after Democrats balk at GOP stabilization bill 2018-03-27T04:00:00Z Under the bill, the state would be authorized to seek a federal waiver to offer a reinsurance program to lower premium costs. Wisconsin lawmakers to take up Walker health insurance plan 2018-02-20T05:00:00Z The reinsurance proposal was scheduled for a vote Tuesday in both the state Senate and Assembly. Walker’s reinsurance bill, $7 million marketing plan up 2018-02-19T05:00:00Z A separate form of risk mitigation, known as reinsurance, is gaining momentum, as Republican leaders settle on their spending plans. Donald Trump’s Obamacare funds anger conservatives 2018-02-18T05:00:00Z There was also a reinsurance program under the federal law for its first three years. Walker moves to stabilize market amid new lawsuit 2018-02-27T05:00:00Z He cited Alaska, which implemented a reinsurance program to subsidize extra-pricey patients, so other consumers don’t have to pay higher premiums. Idaho insurer to offer plans that ignore Obamacare 2018-02-14T05:00:00Z Horizon Government Affairs estimates that rates in Wisconsin would drop 13 percent in 2019 and 12 percent in 2020 under the proposed reinsurance program created. Wisconsin lawmakers to take up Walker health insurance plan 2018-02-20T05:00:00Z The bill would authorize the state to seek a federal waiver to offer a reinsurance program. The Latest: Insurers, medical community support Walker idea 2018-02-12T05:00:00Z The Trump administration recently hailed Alaska for setting up a state-based reinsurance program to reel in rates. Donald Trump’s Obamacare funds anger conservatives 2018-02-18T05:00:00Z The other would authorize the state to seek a federal waiver to offer a reinsurance program designed to reduce claims costs for insurers selling plans on the private market. Public to weigh in on pair of Walker priorities 2018-02-12T05:00:00Z He and the others urged Congress to give states money for “reinsurance” programs that can help buffer the burden of especially high-cost customers — “so we don’t have a train wreck in 2019,” Lee said. ACA’s state-run insurance exchanges fare better than the law’s federal marketplace 2018-02-07T05:00:00Z Elected officials in Minnesota developed their own reinsurance system to help control premiums this year. Enrollment numbers steady for Obamacare in 2018 2018-02-07T05:00:00Z Capital continues to flow into the reinsurance sector despite last year’s disasters. Will Insurers Follow Chubb’s Lead to Recovery? 2018-01-31T05:00:00Z House Republican moderates are warming to the idea of reinsurance. Donald Trump’s Obamacare funds anger conservatives 2018-02-18T05:00:00Z Many larger companies already self insure their health insurance and just use the HMO/PPOs to administer and purchase reinsurance. Amazon, Berkshire Hathaway and JPMorgan Team Up to Try to Disrupt Health Care 2018-01-30T05:00:00Z Walker’s plan calls for prohibiting insurance companies from denying coverage to someone with a pre-existing condition and getting a federal waiver to offer reinsurance, a move designed to hold down premium increases. Walker pitches welfare plan to Wisconsin doctors 2018-01-30T05:00:00Z Ensuring the stability of the market is what drove Cleveland to introduce another bill from the Office of the Insurance Commissioner dealing with reinsurance. Bill by bill, Democrats are trying to create a stable state health-insurance system 2018-01-27T05:00:00Z Chaney said that in years without a storm, that will allow the pool to spend less on reinsurance. Insurance commissioner seeks more power over wind pool 2018-01-24T05:00:00Z In the end, however, global property reinsurance prices rose less than expected, with strong competition limiting increases to single-digit percentages. 2017 second-costliest year on record for natural-disaster insured loss 2018-01-24T05:00:00Z The governor also says he wants to obtain a federal waiver to offer reinsurance, a move designed to lower premiums for people in the private insurance marketplace. Assembly speaker open to Walker health insurance changes 2018-01-23T05:00:00Z Validus will add a number of business lines that AIG currently lacks, including crop insurance, a syndicate with the Lloyd’s insurance market, and the reinsurance operations. Is Growth Worth the Risk at AIG? 2018-01-22T05:00:00Z There is urgency to get the bill passed because a reinsurance plan is eligible for a federal waiver under the ACA for 2019 health plans. Bill by bill, Democrats are trying to create a stable state health-insurance system 2018-01-27T05:00:00Z Walker’s other new federal waiver request to offer reinsurance addresses the roughly 200,000 people in Wisconsin who purchase health insurance on the private marketplace under the “Obamacare” law. Walker, in turnabout, moves to stabilize insurance market 2018-01-21T05:00:00Z In the end, however, global property reinsurance prices rose less than expected, with strong competition limiting increases to single-digit percentages. 2017 second-costliest year on record for natural-disaster insured loss 2018-01-24T05:00:00Z Jain runs the company’s vast reinsurance groups and is known for brilliant risk analysis and capital allocation. Warren Buffett’s Berkshire Hathaway had an amazing 2017. 2018 isn’t looking too bad, either. 2018-01-18T05:00:00Z Now also looks like a curious time to jump into reinsurance, the business of backstopping insurers against large losses. Is Growth Worth the Risk at AIG? 2018-01-22T05:00:00Z Jain, 66, Berkshire’s top reinsurance executive and the other strong contender to succeed Buffett, was appointed vice chairman to oversee insurance operations such as Geico auto insurance and General Re reinsurance. Possible Buffett heir Abel has small Berkshire stake, likely to grow 2018-01-19T05:00:00Z He also wants Wisconsin to join Minnesota, Oregon, Hawaii and Alaska in obtaining a federal waiver to offer reinsurance, a move designed to lower premiums for people in the private insurance marketplace. Walker, in turnabout, moves to stabilize insurance market 2018-01-21T05:00:00Z Berkshire last week appointed Jain, 66, its top reinsurance executive, as vice chairman for insurance operations such as the Geico auto insurer and General Re reinsurer. Possible Buffett successor Jain reports $109 million Berkshire stake 2018-01-18T05:00:00Z The issue at hand concerns reinsurance contracts in GE Capital’s American life- and health-insurance portfolio. After a huge loss on old reinsurance contracts, GE contemplates a break-up 2018-01-18T05:00:00Z The newly disclosed trouble surfaced in one of those, a reinsurance unit, North American Life and Health, mainly because of the higher-than-expected cost of reinsuring long-term care policies sold by other insurers. At G.E., $6.2 Billion Charge for Finance Unit Hurts C.E.O.’s Turnaround Push 2018-01-16T05:00:00Z Jain, 66, Berkshire’s top reinsurance executive and the other strong contender to succeed Buffett, was appointed vice chairman to oversee insurance operations such as Geico auto insurance and General Re reinsurance. Possible Buffett heir Abel has small Berkshire stake, likely to grow 2018-01-19T05:00:00Z For all the gloom, the 2017 losses were also proof of the resilience of the reinsurance industry. Natural disasters made 2017 a year of record insurance losses 2018-01-11T05:00:00Z Abel is the chairman of the company’s Berkshire Hathaway Energy unit, which he joined in 1992, while Jain is executive vice president at National Indemnity Co and oversees Berkshire’s reinsurance operations. Berkshire promotes potential Buffett successors Abel, Jain 2018-01-10T05:00:00Z The reinsurance charges, then, are best viewed as the most serious revelation yet to emerge from Mr Flannery’s housecleaning at GE. After a huge loss on old reinsurance contracts, GE contemplates a break-up 2018-01-18T05:00:00Z Then she assented to a tax vote first, saying she'd been promised that Alexander-Murray and her own reinsurance bill would get a vote before the end of that year. Analysis | The Health 202: Can marijuana survive the disapproving glare of Jeff Sessions? 2018-01-08T05:00:00Z The individual health insurance market received about $880 million in “premium relief” and a “reinsurance program” that was intended to keep insurance companies in the market. Excerpts from recent Minnesota editorials 2018-01-08T05:00:00Z Partly due to this, total capital in reinsurance fell last year for the first time since 2008, according to U.K.-based brokers JLT Re. Disasters Don’t Whip Up Insurance Pricing Power 2018-01-04T05:00:00Z Abel is the chairman of the company’s Berkshire Hathaway Energy unit, which he joined in 1992, while Jain is executive vice president at National Indemnity Co and oversees Berkshire’s reinsurance operations. Berkshire promotes potential Buffett successors Abel, Jain 2018-01-10T05:00:00Z Kreidler is working a parallel track in Washington to establish a reinsurance program, which would cost the state about $200 million a year. There is hope for health-care fixes in 2018 2017-12-27T05:00:00Z Waiver: One of the few worthwhile aspects of the Affordable Care Act ended up benefiting Alaska when Health and Human Services approved an innovation waiver to help cover the costs of the state reinsurance program. Alaska Editorials 2017-12-27T05:00:00Z Collins said House Speaker Paul Ryan told her Wednesday that the House remains committed to high-risk pools and other reinsurance mechanisms similar to the bipartisan legislation she’s introduced. Collins: Health insurance subsidies must wait until new year 2017-12-20T05:00:00Z But that still left the industry with a significant excess of funds over the volume of reinsurance policies written. Disasters Don’t Whip Up Insurance Pricing Power 2018-01-04T05:00:00Z Collins said House Speaker Paul Ryan told her Wednesday that the House remains committed to high-risk pools and other reinsurance mechanisms similar to the bipartisan legislation she’s introduced. Collins: Health insurance subsidies must wait until new year 2017-12-20T05:00:00Z One would renew cost-sharing payments to insurers that were ended by President Donald Trump, and another would set up a form of reinsurance to lower premiums. Congress dives into shutdown drama hours after GOP win on taxes 2017-12-20T05:00:00Z If the reinsurance plan were larger and perpetual, Ms. Collins would have a better argument. Opinion | Susan Collins is wrong about the tax bill and Obamacare 2017-12-11T05:00:00Z She says efforts to pass bills that restore “cost-sharing” payments to insurers and provide reinsurance funding to subsidize pricey customers should arrive before the year ends. Susan Collins’ vote could be key for tax bill 2017-12-10T05:00:00Z However, the era of historically low returns on equity from reinsurance is far from over. Disasters Don’t Whip Up Insurance Pricing Power 2018-01-04T05:00:00Z Blazes in Northern California in October killed at least 43 people and likely caused billions of dollars in damage, according to the reinsurance firm Aon Benfield. Why the Ventura Wildfire Is So Explosive 2017-12-06T05:00:00Z It buys stop-loss insurance or reinsurance to pay claims in case employees submit more claims than expected. As health premiums rise, small businesses seek alternatives 2017-12-06T05:00:00Z Unfortunately, the bill would not devote enough money to this “reinsurance” program, and the funding would dry up after two years. Opinion | Susan Collins is wrong about the tax bill and Obamacare 2017-12-11T05:00:00Z At its peak, the finance unit accounted for more than half of the company’s profits, and its lending ranged from home mortgages in Japan to reinsurance for long-term care for the aged. G.E. Rolls Back the Breadth of Its Ambitions 2017-11-13T05:00:00Z AIG is putting changes into place to reduce the volatility of its performance, which include pursuing double-digit rate increases and bolstering reinsurance, executives told analysts on a call on Friday. AIG's $836 million reserve boost surprises investors; shares sink 2017-11-03T04:00:00Z For example, earlier this year Mr Trump’s health department encouraged states to start reinsurance programmes, and also issued rules making it harder for people to wait until they fell ill before buying coverage. The Alexander-Murray bill does not solve all Obamacare’s problems 2017-10-27T04:00:00Z The reinsurance industry looks like it will get a modest boost following the wave of natural disasters this year, but primary insurers may get squeezed. Storms Force Insurers to Pay Up for Their Own Protection 2017-10-26T04:00:00Z "We will continue to offer our clients full reinsurance capacity." Munich Re profit hit by hurricanes 2017-10-26T04:00:00Z It would also require the development of standard reinsurance waivers, which would allow states to use these waivers to lower premiums for nonsubsidized buyers. Opinion | The Silver Lining in Trump’s Health Care ‘Sabotage’ 2017-10-20T04:00:00Z AIG is putting changes into place to reduce the volatility of its performance, which include pursuing double-digit rate increases and bolstering reinsurance, executives told analysts on a call on Friday. AIG's $836 million reserve boost surprises investors; shares sink 2017-11-03T04:00:00Z Earlier this year, after encouragement by Tom Price, then health secretary, Oklahoma proposed a “reinsurance” programme. The president’s indecision on health care is costly for middle-earners 2017-10-19T04:00:00Z Kim Kwang-jin, a defector who worked in Singapore for a bank affiliated with North Korea, says his firm met its quota by running reinsurance scams on factory fires, transportation accidents and other disasters. North Korea Is No Longer the Hermit Kingdom — but How Long Will China Be Its Lifeline? 2017-10-18T04:00:00Z It would authorize funding to help states create reinsurance programs to backstop insurers that are hit with unusually high claims, a mechanism commonly used in insurance markets to control rates. Senators announce bipartisan deal to stabilize Obamacare markets 2017-10-17T04:00:00Z The Democratic governor officially approved Minnesota’s new reinsurance program Monday. Dayton OKs reinsurance; MinnesotaCare funding still at stake 2017-10-16T04:00:00Z The reinsurance company estimated its losses from recent hurricanes and earthquakes in Mexico will be $1.2 billion before taxes. HP and Everest Re jump while Centene and PG&E stumble 2017-10-13T04:00:00Z He credits a new, $549 million reinsurance program that will help insurers lower costs over the next two years. The Latest: Stable, dropping insurance rates on tap for 2018 2017-10-02T04:00:00Z More money might also go into programs to encourage insurance enrollment and to establish “reinsurance” programs, which help insurers cover high-cost enrollees. Opinion | Time for Republicans to accept reality 2017-09-26T04:00:00Z Alaska also set up a reinsurance program, and the feds approved it with minimal fuss in July. Excerpts from recent Minnesota editorials 2017-09-25T04:00:00Z The tropical cyclone study also used a model developed by Zurich-based Swiss Re, one of the world’s largest providers of reinsurance. World Faces Sharp Rise in Tropical Storm Damage Risk 2017-09-20T04:00:00Z Those subsidies would decrease if Minnesota implements its reinsurance plan. Reinsurance approval costly for Minnesota 2017-09-19T04:00:00Z The $542 million reinsurance proposal would keep premiums purchased through the state exchange about 20 percentage points lower next year than they’d otherwise be, the Pioneer Press reported . Minnesota reaching deadline to get insurance rate approval 2017-09-18T04:00:00Z At first countries worried that unscrupulous brokers were overcharging for the reinsurance. The Caribbean’s pioneering form of disaster insurance 2017-09-14T04:00:00Z Third, continue the federal reinsurance pool that companies buy into to spread the risk of having to pay catastrophic claims by their customers when something goes terribly wrong with their health. Stop trying to kill Obamacare 2017-09-13T04:00:00Z Such reinsurance systems are used in other marketplaces such as the Medicare Part D prescription drug program and are seen as critical to controlling premiums. Bipartisan effort to stabilize health insurance markets is coming down to the wire 2017-09-13T04:00:00Z Preliminary rates released over the summer showed that approach should work: Insurers proposed slight premium hikes and even some modest price drops for 2018 with reinsurance dollars in effect. Reinsurance approval costly for Minnesota 2017-09-19T04:00:00Z Minnesota residents will still face high rates if the reinsurance plan is approved. Minnesota reaching deadline to get insurance rate approval 2017-09-18T04:00:00Z Petrelli said that was why the national insurers pulled back from Florida — their reinsurance needs in other states were far less expensive and did not undermine profits. Will Irma bust Florida’s insurers? 2017-09-11T04:00:00Z The consensus, beyond the need for cost-sharing reduction payments, reinsurance mechanisms and greater flexibility for states? Editorials from around Ohio 2017-09-11T04:00:00Z The market for catastrophe bonds, an alternative form of reinsurance sold in capital markets, will also be affected. Irma Misses Insurers’ Danger Zone 2017-09-11T04:00:00Z Top insurance companies have gathered in Monaco to negotiate reinsurance prices and to strike underwriting deals, Reuters reports. Morning Agenda: The Cost of Irma to Florida’s Insurers 2017-09-11T04:00:00Z Mr. Hamid said it was impossible to tell yet which insurers might be vulnerable, because the companies’ exposures vary by region and the terms of their reinsurance contracts are not known. Irma May Force Florida Insurers to Turn to Deeper Pockets 2017-09-11T04:00:00Z Citizens builds reserves, buys reinsurance and issues catastrophe bonds to sophisticated investors, just as the private insurers do, Peltier said. Will Irma bust Florida’s insurers? 2017-09-11T04:00:00Z Along with some 2,500 insurance executives, he is in Monaco for an annual conclave to haggle over reinsurance prices and strike underwriting deals. In sunny Monte Carlo, insurers tally hurricane costs 2017-09-10T04:00:00Z Jeworrek and other insurance executives gathered in Monaco for an annual conference to haggle over reinsurance prices and strike underwriting deals. Irma a 'major event' for insurance industry: Munich Re board member 2017-09-10T04:00:00Z Investors also put money into private and far less liquid collateralized reinsurance contracts and special vehicles known as sidecars, a bigger, but more opaque market. Hurricane Irma Tests Risk-Reward of Catastrophe-Bond Market 2017-09-08T04:00:00Z Mr. Petrelli said that was why the national insurers left Florida — their reinsurance needs in other states were far less expensive and did not undermine profits. Irma May Force Florida Insurers to Turn to Deeper Pockets 2017-09-11T04:00:00Z But he said it was impossible to predict which insurers might be vulnerable, because the companies’ exposures vary by region and the terms of their reinsurance contracts are not known. Will Irma bust Florida’s insurers? 2017-09-11T04:00:00Z Along with some 2,500 insurance executives, he is in Monaco for an annual conclave to haggle over reinsurance prices and strike underwriting deals. In sunny Monte Carlo, insurers tally hurricane costs 2017-09-10T04:00:00Z Jeworrek and other insurance executives gathered in Monaco for an annual conference to haggle over reinsurance prices and strike underwriting deals. Irma a 'major event' for insurance industry: Munich Re board member 2017-09-10T04:00:00Z But the government intervenes heavily in reinsurance through a body called Flood Re. Hurricane Harvey has exposed the inadequacy of flood insurance 2017-09-07T04:00:00Z Citizens builds reserves, buys reinsurance and issues catastrophe bonds to sophisticated investors, just as the private insurers do, Mr. Peltier said. Irma May Force Florida Insurers to Turn to Deeper Pockets 2017-09-11T04:00:00Z “The correction to that that is now in place is a reinsurance fund the Florida Hurricane Catastrophic Fund, that has billions of dollars of reserves that will ensure against the insurance companies going bust.” Bill Nelson: State and federal governments are now better coordinated to face Irma 2017-09-08T04:00:00Z She urged Congress to start fixing exchanges nationwide by guaranteeing payments of those cost-sharing subsidies and recreating the federal pool of reinsurance money. A GOP Senate leader calls for bipartisan compromise on ACA marketplaces 2017-09-06T04:00:00Z More insurers would participate in the market if they knew the government would provide such a backstop, known as reinsurance, the state officials said. Work Toward Bipartisan Fix for Health Markets Begins in Senate 2017-09-06T04:00:00Z Such so-called reinsurance systems are used in other marketplaces such as the Medicare Part D prescription drug program and are seen as critical to controlling premiums. State insurance regulators urge Congress to stabilize health insurance markets 2017-09-06T04:00:00Z As envisioned, the emerging deal would give Democrats money for “cost-sharing” payments to insurers and reinsurance programs that blunt the cost of particularly sick customers, so others don’t have to pay more. Senate panel launches ‘modest’ push to patch up Obamacare 2017-09-06T04:00:00Z “State-operated reinsurance programs may be an opportunity for states to lower premiums for consumers, improve market stability and increase consumer choice,” Mr. Price said. Minnesota Finds a Quick Fix for Soaring Health Premiums 2017-09-02T04:00:00Z The model is tried and tested: the federal government provided reinsurance for the first three years of Obamacare. States hurry to fix health-insurance markets 2017-08-31T04:00:00Z Earlier, Alaska got $323 million in federal money to backstop its individual insurance market in a reinsurance arrangement that could drive down premiums and serve as a model for stabilizing insurance markets across the nation. Opinion | Trump needs to stop sabotaging Obamacare — before it’s too late 2017-08-17T04:00:00Z The reinsurance company Swiss Re released a report Wednesday estimating $80 billion to $100 billion in overall losses if a hurricane similar to Andrew were to follow the same track today. The Latest: Forecast predicts busy Atlantic hurricane season 2017-08-09T04:00:00Z The contours of a fair bargain are clear: a commitment to fully fund Obamacare programs and reinsurance in exchange for some regulatory reforms and added state flexibility. Opinion | After six months of accomplishing nothing, can Congress pivot? 2017-08-05T04:00:00Z Without reinsurance, it said, its rates would rise 16 percent to 32 percent, on average. Minnesota Finds a Quick Fix for Soaring Health Premiums 2017-09-02T04:00:00Z Each state wants to provide “reinsurance”—jargon for assuming some of insurers’ risks themselves. States hurry to fix health-insurance markets 2017-08-31T04:00:00Z Christoph Nabholz, from Swiss Re, a reinsurance giant, is most excited about tests that spot early signs of cancer or cardiovascular disease. Genetic testing threatens the insurance industry 2017-08-03T04:00:00Z Such reinsurance systems are already used in other insurance marketplaces, such as the Medicare Part D prescription drug program, and are seen as critical to stabilizing markets. As Trump mulls cutting off Obamacare aid, Senate begins bipartisan approach 2017-08-01T04:00:00Z "The company is expected to burn over $2 billion this year as it begins production of its Model 3," Einhorn said on an earnings call for his reinsurance company Greenlight Capital Re. Investor Einhorn sees cash burn at Tesla, sticks with short bet 2017-08-01T04:00:00Z As part of their bills to repeal the law, they would provide tens of billions of dollars that states could use for reinsurance programs in the coming decade. Minnesota Finds a Quick Fix for Soaring Health Premiums 2017-09-02T04:00:00Z They could, for example, create reinsurance programs and other schemes that helped insurers cope with customers who required a great deal of expensive care. Opinion | Finally, a real plan to fix Obamacare 2017-07-31T04:00:00Z It’s part of a reform package Mr. Schumer is touting that would also extend Obamacare’s “reinsurance” program to backstop insurers that take on costly customers. Health care system a bipartisan problem in Congress 2017-07-30T04:00:00Z “One of the best quick fixes that is not controversial is reinsurance,” said Paul Ginsburg, a health economist who directs the Center for Health Policy at the Brookings Institution. Consensus Is Health Law Can Be Fixed. Now the Hard Part. 2017-07-29T04:00:00Z "The company is expected to burn over $2 billion this year as it begins production of its Model 3," Einhorn said on an earnings call for his reinsurance company Greenlight Capital Re. Investor Einhorn sees cash burn at Tesla, sticks with short bet 2017-08-01T04:00:00Z Two Democratic senators, Thomas R. Carper of Delaware and Tim Kaine of Virginia, have introduced legislation that would provide money for reinsurance programs without dismantling President Barack Obama’s health law. Minnesota Finds a Quick Fix for Soaring Health Premiums 2017-09-02T04:00:00Z They also want to establish a permanent “reinsurance” program that assists insurers who take on high-cost customers. Senate GOP reaches for way forward on repealing Obamacare 2017-07-20T04:00:00Z We estimate that providing $15 billion to states for this kind of reinsurance would help lower premiums by more than 14 percent. Opinion | The bipartisan way to strengthen health care 2017-07-18T04:00:00Z The Affordable Care Act provided the funding for three years, but many people think reinsurance needs to be permanent. Consensus Is Health Law Can Be Fixed. Now the Hard Part. 2017-07-29T04:00:00Z Democrats and Republicans should be able to support reinsurance programs, which provide a financial backstop to insurers against customers with very high medical costs, thereby lowering premiums. Opinion | Republicans, ignore Trump’s call to ‘let Obamacare fail.’ Do this instead. 2017-07-18T04:00:00Z In July, the Trump administration approved a reinsurance program proposed by Alaska, where health care and coverage are particularly expensive. Minnesota Finds a Quick Fix for Soaring Health Premiums 2017-09-02T04:00:00Z Such reinsurance systems are used in other insurance marketplaces such as the Medicare Part D prescription drug program and are seen as critical to stabilizing markets. Obamacare 101: Is there a smaller fix for the Affordable Care Act? 2017-07-12T04:00:00Z The solution: a $600 million “reinsurance” program to offset the cost of patients with costly, ongoing medical needs. Editorial Roundup: Excerpts from recent editorials 2017-06-28T04:00:00Z In bills related to health care, “Medicaid” and “reinsurance” reduced the likelihood of success in both chambers. Artificial intelligence can predict which congressional bills will pass 2017-06-21T04:00:00Z Minnesota lawmakers took a welcome step this year with a “reinsurance” program to help consumers struggling to afford individual health insurance policies. Excerpts from recent Minnesota editorials 2017-06-19T04:00:00Z The bill creating its reinsurance program, the Minnesota Premium Security Plan, became law within three months of being introduced — lightning speed when compared with the pace in Congress. Minnesota Finds a Quick Fix for Soaring Health Premiums 2017-09-02T04:00:00Z It also uses federal reinsurance dollars to help insurers absorb high-cost claims. Iowa official pitches stopgap health insurance solution 2017-06-12T04:00:00Z The result: more individual market consumers unable to afford coverage, leaving legislators in Minnesota and elsewhere on the hook for future rounds of reinsurance or other pricey aid. Editorial Roundup: Excerpts from recent editorials 2017-06-28T04:00:00Z AIG will partner with Hamilton's reinsurance business in a deal that could spark "material premium growth" for Hamilton Re, and provide AIG with a fresh source of reinsurance capital, AIG said. AIG lures industry veteran Duperreault as CEO with sweet package 2017-05-15T04:00:00Z Republicans passed exactly one fix: The stability fund does provide some reinsurance help. Opinion | The GOP’s hypocrisy is damaging our health-care system 2017-05-05T04:00:00Z Without the reinsurance program, it would require rate increases of 3 percent to 5 percent, it said in filings with the Minnesota Commerce Department. Minnesota Finds a Quick Fix for Soaring Health Premiums 2017-09-02T04:00:00Z The amended Republican bill, Mr. Ryan said in a news release, allows states to waive this rule for those with lapses in coverage, though it mandates that they provide “risk-sharing or reinsurance mechanisms.” Pre-Existing Conditions: Both Sides Are Stretching the Truth 2017-05-03T04:00:00Z To qualify for a waiver, a state would have to have an alternative mechanism, like a high-risk pool or a reinsurance program, to provide or subsidize coverage for people with serious illnesses. G.O.P. Eyes $8 Billion Addition to Win a Crucial Vote to the Latest Health Bill 2017-05-03T04:00:00Z The actions center on three programs: cost-sharing reductions, reinsurance and risk corridors. Trump must decide whether to support or undermine Obamacare 2017-04-19T04:00:00Z The reinsurance fund — approved by a Republican-dominated legislature and signed by an independent governor — was a one-year deal designed to prevent the state’s insurance market from imploding. High-cost Alaska seeks a novel approach to health care: ‘It’s not like other states’ 2017-04-04T04:00:00Z “But the reinsurance program promises more stability. We’ll be able to spread the cost of high-cost cases across the entire individual marketplace.” Minnesota Finds a Quick Fix for Soaring Health Premiums 2017-09-02T04:00:00Z Expanding and extending another one of these financial risk programs - “reinsurance” - is also worthwhile. Excerpts from recent Minnesota editorials 2017-04-03T04:00:00Z Executives worked with regulators on a “corrective action plan,” which included fresh capital, reinsurance and a series of rate increases. Policyholders in Limbo After Rare Failure of Insurer 2017-04-01T04:00:00Z Insurers are also closely watching the administration for how it will treat the reinsurance and risk-corridor programs. Trump must decide whether to support or undermine Obamacare 2017-04-19T04:00:00Z Lawmakers voted last year to levy a 2.7 percent tax on all insurers to create a $55 million reinsurance fund that covers bills for high-cost patients, stabilizing the individual market for all other customers. High-cost Alaska seeks a novel approach to health care: ‘It’s not like other states’ 2017-04-04T04:00:00Z Hodan Guled, the chief executive of Briva Health, a community group that helps Minnesotans sign up for coverage under the Affordable Care Act, said the reinsurance program was “definitely helpful and beneficial” for consumers. Minnesota Finds a Quick Fix for Soaring Health Premiums 2017-09-02T04:00:00Z Minnesota legislators have passed a reinsurance measure this session, but continuing that level of state funding is daunting. Excerpts from recent Minnesota editorials 2017-04-03T04:00:00Z One area of agreement could be on state reinsurance programs, which work in a way similar to one of the ideas Republicans included in their repeal-and-replace bill. Opinion | Obamacare is the Republicans’ responsibility now 2017-03-29T04:00:00Z One was a reinsurance program for plans sold in the exchange. Could the individual insurance market collapse in some states? 2017-03-19T04:00:00Z “The reinsurance program could be a model for others across the U.S.,” said Eric Earling, a senior vice president with State of Reform, a nonpartisan health policy communication group. High-cost Alaska seeks a novel approach to health care: ‘It’s not like other states’ 2017-04-04T04:00:00Z The state is counting on the federal government to pay about half of the cost for the reinsurance program, using money the federal government is expected to save because of lower premiums here. Minnesota Finds a Quick Fix for Soaring Health Premiums 2017-09-02T04:00:00Z One prominent option is a reinsurance program, which would use state money to help offset insurers’ heavy losses in hopes of avoiding another round of massive premium hikes. Insurance signup slip sparks worries of more price hikes 2017-02-13T05:00:00Z The European Union and the United States agreed on Friday to reduce legal and capital barriers to boost the $3 billion transatlantic insurance and reinsurance market. EU, U.S. strike deal to boost transatlantic insurance market 2017-01-13T05:00:00Z When they took away the reinsurance pool, I think that was a significant impact in the market too. Q&A: Republican health care leader mulls the next overhaul 2016-11-27T05:00:00Z So does a reinsurance program that compensates insurers for unusually high-cost enrollees. Politics Aside, We Know How to Fix Obamacare 2016-11-14T05:00:00Z Mr. Burrell said that a federal reinsurance program — to help pay for the “really high-cost cases” — would help stabilize the market. Minnesota Finds a Quick Fix for Soaring Health Premiums 2017-09-02T04:00:00Z Like many insurers, Ladder unloads risk into the reinsurance market, made up of companies focused on risk management with large pools of capital. Online-Lending Investor Turns to Life Insurance 2016-10-19T04:00:00Z Around 85 percent of European-based hedge funds are based in London, which is also the leading market for international insurance and reinsurance. 'Tired of fog? Try the frogs!' Paris tries to poach London business after Brexit 2016-10-17T04:00:00Z |
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