A.M.BestTV: Patient Protection and Affordable Care Act Hits Insurers; NAIC Recap and Chubb Focuses on Executive Presence
OLDWICK, N.J.--(BUSINESS WIRE)--In this episode, A.M.BestTV examines how the Patient Protection and Affordable Care Act (PPACA) has impacted health insurers; the NAIC's move on life captive reinsurance and how focusing on executive presence helps insurers.
“Health insurers first quarter 2014 earnings were impacted by the increase in expenses due to the PPACA, as this was the first quarter that the $8 billion fees were assessed to them.”
Concerning PPACA’s effect on health insurers first quarter 2014 earnings, Sally Rosen, assistant vice president at A.M. Best Company said, “Health insurers first quarter 2014 earnings were impacted by the increase in expenses due to the PPACA, as this was the first quarter that the $8 billion fees were assessed to them.” Rosen’s comments were based on a recent Best’s Briefing. Read more about it at http://www3.ambest.com/bestweek/purchase.asp?record_code=227625.
President and CEO for the Center for Talent Innovation, Sylvia Hewlett, and author of “Executive Presence,” stated at a recent diversity meeting organized by Trevlor Gandy, chief diversity officer at Chubb Corporation that “in insurance, it is particularly important that one grows a talent, which reflects the new diversified marketplace, since this is the only way to reach people that really need the services of this industry.”
Thomas Harman, associate editor at A.M. Best Company, also was featured in this episode.
Click on to view the video program: http://www.ambest.com/v.asp?v=news82214.
Recent episodes of A.M.BestTV include:
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- State Compensation Funds Worry About Impact of Opioids: The hot button issue of opioids and their negative impact on workers’ compensation costs was considered at the American Association of State Compensation Insurance Funds Conference, which took place in Washington, D.C: http://www.ambest.com/v.asp?v=aascif814.
- Health, Medical Changes Are Driving Captive Activity: Les Boughner, Deputy CEO, Willis Global Captive Practice, and John Lochner, Director, Towers Watson discuss how The Patient Protection and Affordable Care Act and larger health care organizations are creating new, larger roles for captive insurance organizations: http://www.ambest.com/v.asp?v=vica3814.
- Captive Industry Deals With "Explosion of Domiciles": Regulators and industry experts say that significant growth in the captive industry, along with the growing number of U.S. states competing for captive business, means more options exist; however, they worry it could lead to inconsistent regulatory oversight: http://www.ambest.com/v.asp?v=vcia2814.
- Captive Leaders Fret About "Regulation by Accident”: Captive insurance executives say that the Non-Admitted and Reinsurance Reform Act is causing confusion in the captive industry. In addition, small captives are also facing scrutiny from tax authorities and regulators: http://www.ambest.com/v.asp?v=vcia1814.
A.M.BestTV covers exclusive A.M. Best information and reports, targeted topics and key developments in the (re)insurance industry every Monday, Wednesday and Friday. Sign up for alerts of episodes at www.ambest.com/multimedia/ambtvsignup.html. View A.M.BestTV episodes at www.ambest.tv.
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