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Linked-benefit products spur 62% combined individual life sales surge

New premium sales of individual life combination products rose 62% in 2010, reaching $1.2 billion, boosted by linked-benefit products, according to LIMRA. The increase marks the second straight year of...

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Workers’ comp. coverage, employer costs see deepest decline in decades

Job loss resulting from the recession caused workers’ compensation coverage to fall in 2009, the biggest decrease in two decades, according to a new report. The number of workers covered by workers’...

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NICB: 4.5% increase in questionable claims in first half of year

The number of questionable property-casualty insurance claims filed in the first half of the year increased 4.5% over the prior year, according to the National Insurance Crime Bureau. From January to...

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Willis investigating $28 million in fraudulent commissions, fees

Insurance broker Willis Group Holdings has begun an internal investigation into its discovery of about $28 million in fraudulent overstatements of commissions and fees between 2005 and 2011 in its...

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Justice Kennedy, others re-ignite torch for single-payer health care

If you believe the theory that a single-payer system of health insurance is the ultimate goal of the Obama Administration and Democrats, then March 27 might prove an important day. That morning U.S....

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Medicaid enrollments continuing to climb

The number of people covered by Medicaid managed-care programs increased 8% in 2010, according to new research from a Kennebunk, Maine, firm. Mark Farrah Associates’ latest Healthcare Business Strategy...

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Takeovers driving more voluntary life insurance sales growth

Nearly half (42%) of new voluntary life insurance sales premium in 2011 were the result of takeover sales, according to the U.S. Worksite/Voluntary Sales Report. The sales, where one carrier’s plan is...

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U.S. health spending growth trend is ‘unprecedented’

Health spending in May rose by 3.8%, continuing a three-year trend of about 4% annual growth, according to a new analysis. Health care prices in May rose 2% over the same period in 2011, but rose just...

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Insurers face rising long-term disability insurance loss ratios

Long-term disability insurers experienced greater loss ratios in 2011 than two year prior, according to a new analysis. Loss ratios for individual long-term disability insurance reached 98.09% last...

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Md. amendments clear up who’s employee, independent contractor

Maryland law recently changed to clarifying the definition of employees and independent contractors, according a business lawyer. The amendments to the Maryland Workplace Fraud Act of 2009 recently...

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Property-casualty insurers’ operating profits down, but improving

Operating profits declined for most property-casualty insurers in the first half of the year, but exceeded the poor performance in the first six months of 2009, according to a Fitch analysis of 50...

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Increase in possible fraudulent insurance claims is ‘no big deal’

The number of questionable insurance claims last year, although 24% more than in 2008, is a “statistical no big deal,” according to a National Insurance Crime Bureau (NICB) official. The 91,797 claims...

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Life, health insurers finding ‘balance’ after ‘alarming’ two-year span

Life and health insurance companies may be in a safer place, at least in terms of their ratings, than they have been in the last two years, according to A.M. Best Co. Last year showed “balance” in...

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‘Unprecedented’ opportunity for advisors as annuity assets reach all-time high

The annuity industry ended last year on “strong and secure footing,” where variable annuity assets reached an all-time high and fourth quarter sales showed the highest levels of last year, a report...

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P-C insurers’ net premium written shows first rise since 2006

Net premium written by property-casualty insurers grew 1.1% last year, the first increase since 2006, and policyholders’ surplus grew by 9%, marking the highest level for its capital, according to a...

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