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Written by U.S. Insurance News
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Monday, 23 June 2003 |
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The severe financial crisis afflicting medical malpractice insurance is depleting the sector's capital base more rapidly than previously thought, according to a new study by Conning Research & Consulting, Inc. The study, "Medical Malpractice — Anatomy of a Crisis," also finds that failure to resolve the current crisis could jeopardize America's healthcare system. |
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Written by U.S. Insurance News
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Monday, 16 June 2003 |
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The results of a new survey of physicians were released on June 11 showing an epidemic of malpractice lawsuits forcing a number of doctors to consider restricting or leaving their practices altogether. The survey, conducted by the New York Medical Staff Leadership Council, found that more than two-thirds of physicians report having been sued for malpractice. |
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Written by U.S. Insurance News
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Sunday, 15 June 2003 |
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As and when the economy grows, most people would like to see a disproportionate share of growth going to increased spending on health care, education and defense. When asked which of eight major segments of the economy should be the highest priority for future growth, a 34 percent majority picked health care while 29 percent pegged education and 27 percent gave defense the nod. |
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Written by U.S. Insurance News
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Sunday, 15 June 2003 |
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May applications for life insurance in North America declined 10.8 percent, on a year-over-year basis, the 10th such decline in the last 12 months. Applications in the United States were off 12.2 percent from May 2002, marking the lowest Index value for the month of May since 1999. Canadian activity levels remained flat, declining slightly at 0.3 percent compared to activity for the same period last year. |
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Written by U.S. Insurance News
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Wednesday, 04 June 2003 |
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NEW YORK — Beset by unprecedented market pressures, the U.S. life insurance industry needs to sharpen its approach to managing risk, according to a report just released by Standard & Poor's Ratings Services. In the year to May 1, Standard & Poor's downgraded 28 groups in the United States’ life-insurance sector, with only three upgrades. Though the worst may have passed, the market outlook remains negative and pressure on insurer ratings remain much the same as when Standard & Poor's revised its industry outlook from stable to negative in July 2002.
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