Loss Development Factor: A Practical Guide for Property and Casualty Insurance
Understand loss development factors (LDF) with simple explanations, formulas and examples, including how actuaries use them to estimate future claims.
What Is a Market Conduct Exam? Steps, Findings, and Prep
Learn what a market conduct exam is, what regulators review, key steps in the process, and how insurers can prepare for compliance audits.
Employee Spotlight: Joe Peterson
Get to know Joe Peterson, what brought him to Lewis & Ellis, and how he solves client issues with his team.
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Small businesses relying on better benefits to attract, keep workers
There are a number of economic factors weighing on small business owners these days, and these could have major impacts on their abilities to hire top workers in their field. However, despite these potential issues, more are now concentrating on providing higher-quality benefits as a means of drawing in these applicants for open positions, and keeping those already working for them in the fold.
The average age of people purchasing long-term care insurance policies is dropping
With many consumers more concerned about their finances than past generations, a larger number are securing insurance policies designed to help keep their costs low in the event they require long-term care at some point.
Annuity sales tumble in first quarter
Even as the economy continues to improve, it may be slightly more difficult for companies which issue annuities to make their products attractive to workers of all ages.
Federal agencies clarify rules for employee wellness programs
In recent years, a large and growing number of companies nationwide have determined that they may be able to reduce their employee healthcare costs by instituting wellness programs designed to get workers healthier. Now, new regulations for how these initiatives can be run have been released by a number of federal agencies.
Part-time workers have very little in the way of health coverage
The Affordable Care Act is changing the ways in which even small businesses are required to provide health insurance plans to their workers. This news may be welcome for part-time workers in particular, due in large part to the fact that relatively few have such coverage now.
Young people have benefited from health insurance law changes
The Affordable Care Act is front of mind for many business owners and executives as the deadline for the coverage mandate approaches, but one provision of the law has been extremely beneficial to many young people.
Will businesses offer extremely low-cost health insurance to workers?
The Affordable Care Act requires companies with 50 or more employees to offer coverage to those working at least 30 hours per week beginning January 1, 2014 or face a penalty. But many businesses may be looking for ways to minimize the cost of compliance.
Healthcare reform could leave many low-income Americans in tricky spot
The Affordable Care Act is designed to help millions of Americans obtain health insurance coverage to which they might not have had access in the past. New research, though, shows that many of the nation's most economically disadvantaged people could be left in the lurch.
How will new health insurance tax affect small businesses' costs?
The Affordable Care Act was intended to help make health insurance more affordable for millions of people across the country, as well as small businesses, but now many are worried that a provision of that law will actually lead to far higher costs going forward.
More consumers enrolling in wellness incentive programs
A growing number of both small and large businesses which offer their employees health insurance are now also allowing them to participate in wellness programs. These programs are designed to reduce policy costs. These days, it seems far more people are being enticed to sign up for these initiatives, especially when given a significant financial incentive to do so.