GLG News by Reinsurance Consultants

    Entities that simplify ranking of hospitals and physicians will move market share and revenue.  More importantly, these providers will attract the educated and well informed (80,000,000 soon to arrive Medicare), and commercially well insured commercial customers. ...

Savvy CLients will rarely pay for underwriting help from their broker.  Additional service fees above the disclosed commission for underwriting analysis that some agents are looking to capitalize on will be a tough sell to most policy holders who feel the commission already compensates the...

    A very old agent once said, "I have learned that in this business you need to specialize." Somebody else once said, "Get a high tolerance for ambiguity, you will be a lot happier." That is good advice for agency entrepreneurs. It definitely takes a horse of many colors to successfully...

    Great points about brokers being required to place business to maintain appointments, and also the increased costs associated with licensing compliance of a large stable of agents. Regrettably, neither of these carrier costs can me passed on legitimately in a "service fee" the...

Anyone would agree that bid rigging is criminal. Even that water gets murky if a broker purposfully targets bids to a preferred carrier, and then to other carriers already known to be denying new business.  The same can be said if a broker intentionally bids carriers already known to be super high...

The  Marketing-Underwiter or Broker-Underwriter balances selling with competitive rating.  Many carriers have learned the hard way that it tends to win a lot of underpriced business.       The issue of independent brokers being compensated by the carrier...

It is very unlikely that 2% service fees for membership cards, and claims administration will match lost prohibited production and profit sharing revenue volume. September 2007 Ohio sues Zurich, Travelers, Chubb, Marsh Hartford and Ace on Anti Trust.  Carriers are insulated, but brokerage houses...

Most states have yet to weigh in on if, or how they will prosecute the big players on contingency fees, bid rigging and andor Antitrust.  Ohio just sued several defendants.  NY, IL, CT appear to have settled several issues with fines of $850, $91M, $51M, but we still need to hear from...

Specialist and hospital systems are at increasing risk on uncompensated care given the growth of Scheduled Benefit Plans and the uninsured. One strategy to combate the uncompensated catastrophic claim is to assimilate "facilities-intensive specialits". Inspired hospital system leadership will assimilate...

(AOC, TRV, CB, MMC, WSH) Marsh paid the highest fines for a NY settlement, and other states may impose fines.  Same states may allow undisclosed fees in certain lines of insurance. Travelers is actively trying to restart a defined contingency fee and has apparantly stated guidelines per NU....