Running Your Business
Insights on how to run an insurance agency, along with coverage of agency management and agency technology news.
U.S. Denies Florida’s Request to Ease Health Insurer Rules (Businessweek)
By Staff WriterFlorida became the fifth state to be denied a lower medical loss ratio rule, meaning that health insurers in the state must spend 80 percent of premiums on health care.
December 15, 2011
Q&A with James R. Veal: A Role Model, Part 2There are few African-American advisors working in the financial industry today. James R. Veal wants to change that.
December 15, 2011
NAIC to Tell Energy and Commerce Committee It Did Not Receive HHS InfluenceWhat will Energy & Commerce, Congress or HHS do next to address the controversial MLR requirement some say is stifling the individual health insurance marketplace in many states?
December 15, 2011
Commissioner Donelon asks HHS for Reconsideration on MLR Waiver DenialLouisiana Insurance Commissioner Jim Donelon has requested that the Department of Health and Human Services (HHS) reconsider their denial of the Medical Loss Ratio (MLR) wavier, which the state requested earlier this year. This, amid the NAIC's similar failure to get the HHS to consider the same.
December 15, 2011
PIA Survey: Customers Value Agent Service More than Product ChoiceThe report asks insurance customers to rate their agents in respect to expert advice and counseling, personalized attention and interaction, the ability to offer comprehensive protection to meet individual needs and relationship-based" customer service.
December 15, 2011
Principles-Based Reserving Valuation Manual on Target for March Adoption by NAICThe NAIC's Life Actuarial Task Force decides that it will nail down four remaining issues for the VM-20 portion of the principles-based reserving model during lengthy conference calls so there will be adoption, then something to present to legislatures in the on-year of 2013 for some states.
December 15, 2011
Q&A with James R. Veal: A Role Model, Part 1There are few African-American advisors working in the financial industry today. James R. Veal wants to change that.
December 14, 2011
Kind Words Reap RewardsWords of affirmation and approval are free and can pay huge dividends.