article thumbnail

Costlier Reinsurance Is Feeding into Higher Commercial Policy Rates

InterWest Insurance Services

.” These global reinsurance giants have seen their profits erode substantially in the last few years due to the rising cost of natural catastrophes around the world, forcing them to increase what they charge insurance carriers. These moves are trickling down into the primary insurance market in the form of further rate increases.

article thumbnail

Survey: Employers See Value In Integrated Employee Benefits

Wellable

This is an increase of 11% from 2018 and nearly doubled from 2016. The vast majority (71%) of these employers are integrating the health benefits with a single insurance carrier rather than using technologies to connect multiple carriers.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Texas Court Stresses Comp Carrier is Entitled to Full “First Money” in Worker’s Third-Party Tort Settlement

The Workcomp Writer

For example, a letter sent January 22, 2018 indicated that Texas Mutual had paid $318,551.33 Stevenson settled his medical negligence case on January 25, 2018, for $270,000. On February 1, 2018, Texas Mutual sent another letter to Stevenson’s counsel indicating that as of that date, it had paid a total of $318,551.33

article thumbnail

US Requests that SCOTUS Not Review Medical Marijuana Reimbursement Issue

Workers' Compensation

The issue is whether employers and/or their insurance carriers could be compelled to reimburse costs for medical marijuana in light of the Controlled Substances Act (CSA or Act), Pub. The New Hampshire court addressed obstacle preemption briefly, noting that the insurer in that case had made its argument “in a single sentence.”

Medical 52
article thumbnail

US Supreme Declines to Review Medical Marijuana Reimbursement Issue

Workers' Compensation

5, supra (noting 2018 change to CSA definition of marijuana), and continues to consider more expansive approaches; indeed, shortly after the Court issued its invitations in these cases, the House of Representatives passed legislation that would remove marijuana from the CSA’s list of controlled substances altogether.” 801 et seq.,

Medical 64
article thumbnail

3 Critical Keys to Negotiating Benefit Renewals

Corporate Synergies

Knowing how to approach the annual renewal with health insurance carrier, pharmacy benefits manager (PBM) and other players can help the savvy employer save some money while maintaining the same level of benefits as before. A good carrier relationship can help you come to an agreement when negotiating benefit renewals.

article thumbnail

US Supreme Court to Conference Medical Marijuana Preemption Case

Workers' Compensation

5, supra (noting 2018 change to CSA definition of marijuana), and continues to consider more expansive approaches; indeed, shortly after the Court issued its invitations in these cases, the House of Representatives passed legislation that would remove marijuana from the CSA’s list of controlled substances altogether.” 801 et seq.,

Medical 52