premiums

Virtue Signaling in the Sharing Economy: The Effect of Airbnb Entrepreneurs' Virtue Language on Airbnb Price Premiums




premiums

Virtue Signaling in the Sharing Economy: The Effect of Airbnb Entrepreneurs' Virtue Language on Airbnb Price Premiums




premiums

VIDEO: What’s Going on With EIFS Premiums?

In this video, W&C contributor Mike Griffin, of Demand Products, speaks with John Wyatt about this year’s TLPCA Annual Convention & Trade Show.




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Employer Gets Relief From Default in Dispute Over Comp Premiums

A California appellate court ruled that an employer was entitled to relief from its default in a dispute over allegedly unpaid workers’ compensation premiums. Case: Creditor’s Adjustment Bureau Inc. v. Bathe,…




premiums

State Insurance Fund Gets Summary Judgment on Claim for Unpaid Premiums

A New York appellate court upheld a grant of summary judgment for the State Insurance Fund on its claim for unpaid workers’ compensation premiums. Case: Commissioners of the State Insurance Fund…




premiums

Puerto Rico Governor Amends Workers’ Compensation Act to Provide Reduction of Employee Premiums for Safe Workplaces

On August 8, 2023, the Governor of Puerto Rico signed into law Act No. 85-2023, effective immediately. The statute amends Puerto Rico’s Workers’ Compensation Act by further incentivizing safe workplaces.




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First Circuit Creates New Fiduciary Duty Under ERISA for Insurers Accepting Group Premiums from Employers

  • First Circuit held that an insurer has a fiduciary duty under ERISA to verify individual employee eligibility for group benefit plan coverage at or near the time of enrollment.
  • Insurers can shift the duty of eligibility verification to employers through the plan’s language.




premiums

WA Cares Fund Premiums Started July 1, 2023, and Quarterly Reporting Begins October 1, 2023

On July 1, 2023, after a long delay, mandatory withholdings for the WA Cares Fund finally took effect. The WA Cares Fund is a state-run, long-term-care insurance program requiring employers to pay premiums through a mandatory payroll deduction from all employees who have not provided proof of an exemption.




premiums

Choose wisely: Not all healthcare premiums are increasing

Kevin Moss, Consumers' Checkbook senior editor, explains how federal employees can avoid huge increases in their healthcare costs in fiscal 2025.

The post Choose wisely: Not all healthcare premiums are increasing first appeared on Federal News Network.




premiums

ABIR Members Write $171B In Premiums In 2023

Member companies of the Association of Bermuda Insurers and Reinsurers [ABIR] recorded a strong 18% year-over-year increase in premium written in 2023. A spokesperson said, “ABIR’s global underwriting report, released today, comprises data from 25 of 31 member re/insurers for the calendar year 2023. The Group generated gross written premium of over $171 billion, up […]




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Highmark Increases 2022 Affordable Care Act Marketplace Premiums

Expanded federal subsidies keep consumer costs low; SEP sees success After two consecutive years of rate decreases, Highmark Blue Cross Blue Shield of Delaware, who offers the state’s Affordable Care Act (ACA) health plans, will increase base rates an average of 3% for the 2022 plan year. The announcement comes after extensive, in-depth independent actuarial […]




premiums

Report Finds Gender Disparity in Auto Insurance Premiums, Women Charged More for Same Coverage

Legislative effort to end rating practice announced Insurance Commissioner Trinidad Navarro and the Consumer Federation of America (CFA) today released Gender Disparities in Auto Insurance Pricing, a new report that shows many women are being charged more by auto insurers based solely on their gender. Data shows that many Delaware women pay more per year […]




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LIC's new premiums surge by 22.5 pc to Rs 1.33 lakh crore in current fiscal year

Life Insurance Corporation of India (LIC), the country's largest insurer, has achieved a 22.52 per cent increase in new business premiums at Rs 1,32,680.98 crore during the first seven months of FY25, compared to the corresponding figure of Rs 1,08,289.78 crore in the same period of the previous fiscal year, data showed on Monday.




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The Turing Transformation [electronic resource] : artificial intelligence, intelligence augmentation, and skill premiums / Ajay K. Agrawal, Joshua S. Gans, Avi Goldfarb

Cambridge, MA. : National Bureau of Economic Research, 2023




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Safe Haven CDS Premiums [electronic journal].




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Global Financial Cycles and Risk Premiums [electronic journal].

National Bureau of Economic Research




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Rupee, forward premiums nudge higher ahead of RBI’s monetary policy decision

While traders expect the rupee to weaken below 84, interventions from RBI have kept the currency well-supported above the psychologically important level




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Precious Metals Premiums, the COMEX and the Macro Picture

Maurice Jackson of Proven and Probable speaks with Andy Schectman, president of Miles Franklin Precious Metals Investments, about the present situation with physical precious metals.




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Home insurance premiums increase

Effect of storms is feeding through into premium costs.




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Car insurance premiums fall in Q1 2020

Research by Confused.com and Willis Towers Watson reveals dip in motor premiums, following a £47 rise over the last year.




premiums

Home premiums stable in Q1 2017 according to AA Index

However premiums are set to go up and will also be hit by a 2% IPT increase from June this year.




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Car premiums drop in third quarter 2017

Research by the AA shows first decline since Q1 2016.




premiums

Car insurance premiums rose 8% in 2017

Research finds that premiums actually fell in final quarter of the year.




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Home insurance premiums rise 5% in 2017

Research by the AA finds yearly increases in buildings, contents and combined policies.




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Car insurance premiums fall for third quarter in a row

Research reveals prices now lower than a year ago.




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Car premiums dropped in Q1 2018, AA Insurance Index shows

Reduction means insurance costs are now lower than a year ago.




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Car premiums fell in second quarter 2018, says AA

Average prices have dropped by more than 10% in a year.




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AA’s research finds home premiums on the rise in Q2 2018

Company flags insurer fears over subsidence claims.




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Car premiums continue to drop in Q3 2018 according to AA

Customers benefiting from 10% yearly fall.




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AA reports flat home insurance premiums for Q3 2018

The cost of insuring a home “remains remarkable value for money”.




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Home insurance premiums continue to creep up in Q4 2018

Analysis by The AA reveals quarterly and yearly increases.




premiums

AA reports first rise in car premiums for nearly two years

Figures for Q4 2018 show 2.7% uptick.




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Van insurance premiums shoot up

The sector continued to display big pricing disparities across age groups and experts warn Ogden will increase market volatility.




premiums

Car insurance premiums dip in Q3

Research by Willis Towers Watson and Confused.com also shows continuing fluctuations in average premiums.




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Motor premiums may ‘reach the highest on record’

Willis Towers Watson and Confused warn of future increases as they publish data for Q4 2019.




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Motor premiums rise 2.8% in Q1

Consumer Intelligence warned that telematics restrictions following coronavirus may hit youngest drivers hardest.




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BCIC offers partial refund on April premiums

 British Caribbean Insurance Company Limited, BCIC, will refund a portion of April’s premium to holders of its public passenger vehicle, PPV, and Diamond Max private motor insurance next week. The move, which is expected to cost BCIC...




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Life insurance: Calculating net return on your premiums

Actual return you get is not the ARR of 8% or 4% shown in the benefit illustration but net of various charges such as fund management, premium allocation, admin and mortality




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Over 200 000 DStv subscribers sign petition demanding lower premiums

DStv has come under fire from subscribers demanding a decrease in their monthly instalments due to the lack of live sport for broadcast.




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Accountant for Former Arizona Congressman Convicted of Embezzling Insurance Premiums and Conspiracy

Dwayne Lequire, 51, of Elgin, Ariz., was found guilty by a federal jury in Tucson, Ariz., late yesterday of eight counts of embezzling insurance premiums and one count of conspiracy.



  • OPA Press Releases


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Affordable Care Act premiums are lower than you think


Since the Affordable Care Act’s (ACA) health insurance marketplaces first took effect in 2014, news story after story has focused on premium increases for certain plans, in certain cities, or for certain individuals. Based on preliminary reports, premiums now appear set to rise by a substantial amount in 2017.

What these individual data points miss, however, is that average premiums in the individual market actually dropped significantly upon implementation of the ACA, according to our new analysis, even while consumers got better coverage. In other words, people are getting more for less under the ACA.

Covered California, that state’s marketplace, just announced premium increases averaging 13.2 percent. But even if premiums increase by the 10 or 15 percent overall that some are predicting for 2017, they will still be far lower than premiums otherwise would have been in the absence of the law. Moreover, this analysis does not include the effects of premium and cost-sharing subsidies that serve to make ACA marketplace plans more affordable for many people.

2014 Premiums In the ACA Marketplaces Were 10-21 Percent Lower Than 2013 Individual Market Premiums

While many stories of pronounced increases are simply the natural result of a law that works differently in every region and for people of different health statuses, it appears to be conventional wisdom that the ACA increased premiums in the individual, non-group insurance market, if only because it increased the quality and robustness of coverage. Indeed, many of the ACA’s new rules do have the anticipated effect of increasing premiums, such as:

  • mandated guaranteed issue regardless of health status;
  • restrictions on the ability to charge different premiums based on anything besides age and smoking habits;
  • requirements for plans to offer certain benefits deemed “essential;”
  • limits on out-of-pocket costs an enrollee can pay for covered services in a given year; and
  • the elimination of any lifetime limits on coverage.

However, many features of the ACA push in the opposite direction and save consumers money. The individual mandate and federal subsidies greatly expanded the number of people purchasing coverage in the individual market, pushing premiums down both by increasing the sheer size of the market – the bigger the market, the lower the prices – and including many healthier people who previously went uninsured. In addition, the ACA created relatively transparent marketplaces where insurers must compete on premiums for products standardized by actuarial value, allowing competition to drive down prices.

Together, by creating a much larger and more competitive market, these changes placed strong downward pressure on insurance premiums, outweighing the factors pushing in the opposite direction. Stronger rate review and minimum requirements for how much an insurance plan must spend on actual health care expenses furthered this downward pressure on prices.

According to our analysis, average premiums for the second-lowest cost silver-level (SLS) marketplace plan in 2014, which serves as a benchmark for ACA subsidies, were between 10 and 21 percent lower than average individual market premiums in 2013, before the ACA, even while providing enrollees with significantly richer coverage and a broader set of benefits. Silver-level ACA plans cover roughly 17 percent more of an enrollee’s health expenses than pre-ACA plans did, on average. In essence, then, consumers received more coverage at a lower price.


Download "Affordable Care Act Premiums are Lower Than You Think" »


Editor's note: This piece originally appeared in Health Affairs.

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Publication: Health Affairs
       




premiums

Admiral to refund £110m of premiums as drivers stay at home

Move by UK group will put pressure on other insurers to follow suit 




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The loyalty penalty now costs drivers £1.2bn a YEAR in higher premiums

Some 4.7million drivers are stuck with insurance policies that automatically renewed, with many now asking legal steps to be taken to stop the practice, according to Go Compare Car Insurance.




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Can smart home tech lower your insurance premiums? We ask insurers

Those who have the latest technology installed - could, in theory - pay lower premiums thanks to enhanced safety. But is this the view of the major insurers?




premiums

Covid-19 impact: Motor, health segments see decline in March premiums

The motor and health segments led the decline in premiums for the industry as the month saw premium fall by 9 per cent.




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Health insurance premiums set to rise as firms to follow Irdai mandates

The rise in premiums could be in the range of 5-25 per cent, depending on the features that each insurance company adds on its products




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Senior citizens may see spike in premiums in wake of Covid-19 crisis

Since they are more vulnerable, medical insurers may become more wary




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Health premiums maybe paid in instalments: Regulator tells insurers

Option can be a permanent feature of health policies or can be a temporary relief for policyholders for 12 months




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Policyholders get an extension on insurance premiums due in March

The regulator has asked life insurance companies to allow a one month extension on premiums due in the month of March 2020.Health insurers have been asked to accept a delay in policy renewals up to 30 days without deeming the same as a break in policy