The AHCCCS Reinsurance Workshop for RI Contract Year 42 presented changes including new high-cost specialty drugs added to BIO case type covered services, deductible increases for specific cases, and details on Medicare coverage for specialty drugs. The workshop agenda covered introductions, review

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The teleconference scheduled for today covers a range of important topics for the 2025 plan year in Virginia, including critical dates, rate filing information, new benchmark and Essential Health Benefits (EHBs), mental health parity, compliance binder filing reminders, the Commonwealth Health Reins

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The concept of utmost good faith in insurance traces back to historical cases like Carter v. Boehm in 1766, with its origins found in the marine insurance industry. Over time, this principle evolved and became codified in the Marine Insurance Act 1906. In recent years, the concept has been revisited

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Explore the fundamentals of insurance risks, including the types of risks, insurability criteria, hazards, coverage examples, and concepts like self-insurance and reinsurance. Delve into insurer types, intermediaries, and different insurance structures to gain an in-depth understanding of the insura

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Explore key legal concepts in reinsurance settlements under English law, including the burden of proof, qualified follow-the-settlements clause, and proof of loss against reinsurers. Case studies such as Hill v. Mercantile & General Reinsurance Co. Plc and New Zealand Local Government Insurance Corp

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Explore the diverse committees within LIIBA, covering areas such as legal, regulatory compliance, reinsurance, marine, aviation, claims, and more. Get insights into the Executive Board members, their roles, and key responsibilities in the insurance industry. Discover the structure and leadership beh

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The Global Reinsurance Market Size is Anticipated to Exceed USD 1306.18 Billion by 2033, Growing at a CAGR of 8.36% from 2023 to 2033.\n\n

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This extensive content delves into the profound implications of cyber risks on the reinsurance industry, covering topics such as the magnitude of the threat, large loss examples, coverage issues, aggregation of cyber losses, events and causes, the Hours Clause, and more. It provides in-depth insight

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The Alabama Rural Electric Cooperative Self-Insured Plan (ARECSIP) was established in July 1993 and is one of 17 Group Self-Insured Funds in Alabama with 22 participants. With assets totaling $16,878,820 and liabilities of $4,810,734, ARECSIP has recognized contributions of $49,827,190 since incepti

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This material delves into the nuances of fronting and captive reinsurance arrangements under English law, covering topics such as characteristics, duties of fair presentation, notification and claims provisions, and cut-through clauses. It outlines the roles of the original insured, fronting insurer

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The presentation discusses the influence of alternative capital on global insurance and reinsurance markets, highlighting the shift in seeking higher returns due to low yields in capital markets. It delves into the trends of U.S. Treasury security yields, European Central Bank benchmark rates, book

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Once upon a time, a poor king set up an insurance company called GRIM to protect his two valuable suits of clothes. Despite no past losses, multiple incidents in 2015 led to claims and reinstatements, testing the limits of the reinsurance agreement with Go Singh Forit. GRIM faced challenges with the

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Virginia ACA Carrier Teleconference for 2023 covers significant topics such as important dates, rate filing information, shared savings programs, mental health parity compliance, and more. Key presenters from the Bureau of Insurance will discuss vital deadlines, legislative updates, reinsurance prog

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Joining a midsized GI insurance company with expertise in property and liability lines, the appointed actuary faces the dilemma of proposing entry into the crop insurance market. With limited knowledge in this area, the actuary must weigh the operational challenges and capital issues. Various consid

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English contract law's view on good faith in reinsurance contracts is analyzed. While no general doctrine of good faith exists in English law, exceptions like the duty of good faith in negotiating and performing contracts as seen in other legal systems are explored. The historical background and rat

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