Jan
6th

Zurich North America Rolls Out New Rates for NYDBL Coverage

We continue to find ways to offer the superior service our customers need at affordable rates.Zurich’s nationwide Accident & Health group develops and markets a portfolio of A&H insurance products, including accidental death & dismemberment, business travel accident, occupational accident, statutory disability, medical stop loss and managed transplant services.

We cover more than 83,000 employers in New York and have consistently been ranked by the New York State Insurance Department as one of the top health and disability insurers - part of the value of working with Zurich.Mike Brown, regional vice president of disability sales said, Zurich is leader in service - with quick, easy access to online options and rapid turnaround on claims.

Jan 04, 2009 (Close-Up Media via COMTEX) — — Zurich, a property-casualty insurance company, has announced new rates for its New York Disability Benefits Law (NYDBL) coverage.Bryan Salvatore, executive vice president...

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Jan
6th

Cut in solvency margin helps life insurers

There is a need to utilise the capital optimally with affordable cost so that insurance penetration increases,” the IRDA said in a circular.

The new norm will free up capital, which could be utilised towards distributing, expansion, infrastructure and product innovation,?Max New York Life CFO and Senior Director, Mr Sunil Kakar said.

The move of the regulator aims at freeing up the capital of insurers so that they can provide products at more affordable costs.

The Insurance Regulatory and Development Authority (IRDA) has cut solvency margins for various ULIP schemes by around 1.2 per cent on average so that the firms can use their resources in a judicious way and insure vast sections of society.

NEW DELHI: Coming as a New Year gift after a Bill on hiking the FDI cap in insurance companies, life insurers got another booster from regulator IRDA in the form of a cut in the solvency margin for ULIP schemes, which would release additional capital for firms.

Jan
6th

EDITORIAL: Ten healthcare suggestions for the Texas Legislature

It deserved passage.Money designated for hospital trauma centers from the Driver Responsibility Program fines continues to be diverted for other uses.

Smoking restrictions and excise taxes are the most effective means of decreasing smoking rates.

The House passed an exception-laden ban in 2007 that deserved its legislative death.This hoary practice bills patients treated by physicians outside their insurers network for the portion the insurance company wont pay.

Lawmakers in 2007 passed requirements for disclosure of non-network practitioners, but they need to go further.The the state demographer reports Texas will need at least 40,000 new doctors by 2025 because of physician retirements and population growth.

Trauma centers are only getting about half of the fines proceeds.Cigarette smoking and obesity are the two most preventable causes of chronic disease and death.

The Task Force on Access to Health Care in Texas recommends increasing the number of medical school...

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Jan
6th

Developers scramble for Kukui investors

and financial giant Aegon Investment to purchase the housing tax credits.But the deal unraveled in November, shortly after the nation’s financial markets began to plunge, she said.The funding shortfall has prompted several Kukui Gardens tenants to ask Hawai’i’s largest banks to invest in the Kukui Gardens state credits.Carol Anzai, president of the Kukui Gardens Residents Association, said tenants last week delivered dozens of letters from tenants to officials at First Hawaiian Bank, American Savings Bank, Bank of Hawaii and Central Pacific Bank.The letters describe the importance of preserving the low-income housing, she said.Like a lot of residents, I’m nervous, said Anzai, a Kukui Gardens resident for 36 years.

The Hawai’i tax credits for high-tech investment can be used to offset income earned over a five-year period whereas the state tax credits for affordable housing development must be spread over a 10-year period.The state credits have been...

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