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Insurance industry is preparing to leave Obamacare: Report

The Insurance Information Institute (III), a trade group that represents insurers, said in a report that insurance industry representatives were preparing to prepare for a potential future of the Affordable Care Act (ACA).“The industry is actively preparing for a possible future of a repeal of the ACA that would put a severe dent in the […]

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Why insurers are worried about ObamaCare’s cost controls

A key element of ObamaCare’s costs controls will go into effect Monday, but the key components of the law’s cost control have been in place for decades.The law has also made some changes in how insurers and states calculate premiums, which can impact the cost of plans sold in 2018.In the first six months of […]

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Which health insurance company will be the next big winner of Obamacare?

Health insurance company Aetna, the country’s biggest, is the next target of Obamacare’s insurance expansion, according to a report from the investment research firm Bernstein.The report notes that Aetanet is the largest insurer in the country with an annual market cap of $6.2 billion.It’s also the only company that’s currently enrolled in the expansion, which […]

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The latest from Australia’s insurance industry: Insurance companies have been recruiting more young people to work in the industry

Australia’s insurers have been taking a greater interest in recruiting and training young people from the young, and the young are not pleased.Key points:The latest recruiting figures from the Australian Insurance Council show more than a third of the top 100 recruiters were womenIt is not just in the private sector that young people are […]

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Which insurance companies are the most profitable in the United States?

Private insurance is a booming business.The U.S. is home to the most insurers in the world, accounting for $3.7 trillion in annual revenue.That’s more than double the $1.4 trillion in revenue that private insurers had in 2016.But the private insurance industry is not all booming.According to the Insurance Information Institute, a nonprofit that analyzes insurance […]

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When the insurance business crashed, the industry needed a bailout

With the insurance market in meltdown, some business owners in the industry turned to the federal government for help.But there was a catch.As insurance brokers, the insurance companies themselves were the ones who were responsible for overseeing the business.And as they were the people who could best help insure their clients, the insurers themselves were […]

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Insurers, doctors, and life insurers’ pay raises are coming, but they’ll take time to pay off

Health insurance companies are offering raises for many of their top executives in the first half of 2018.And they’re also going to need to get a big payout to offset that.That means they’ll need to keep employees on their payrolls and offer bonuses, as well as hire and retain new employees.Here’s a look at some […]

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How to Find the Best Insurance Companies for You

As insurers scramble to come up with ways to better serve consumers and to protect them against future shocks, they’re also working to understand how to help people understand and predict the cost of insurance policies.Insurers are now finding that it can be harder to get people to understand what’s in an insurance policy and […]

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Why are auto insurance companies so keen on a Rs 3,000 crore project to build India’s first 3D printed life insurance?

IANS By Anupam BehariaAIMS India-based insurance company AIMS has announced a Rs3,000-crore investment to develop a 3D-printed life insurance product in India.The company, which has already been investing in 3D printing of life insurance, has also approached the central government for financial assistance for the project.It is aiming to start a production of life insurers […]

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Why the insurance industry is going to have to change to keep up with tech giants

The insurance industry has been struggling to keep pace with a changing technology landscape.The number of companies offering health insurance plans has grown by about 60% since 2009, according to the Kaiser Family Foundation, a research group based in the San Francisco Bay Area.This has forced insurers to develop a whole new way of offering […]

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