Medical PL Symposium draws 400 in Chicago
CHICAGO—More than 400 people attended the annual Medical PL Symposium held last week at the Sheraton Chicago Hotel & Towers in Chicago. Topics discussed during the conference included accountable care organizations, use of social media by insurance companies and enterprise risk management for health care organizations. The conference was produced by the Professional Liability Underwriting […]
Health reform hangs in balance
WASHINGTON—After months of anticipation, thousands of pages of briefs and more than six hours of oral arguments last week on the health care reform law, the U.S. Supreme Court cast more doubt on the fate of the individual mandate at the heart of the landmark reform law. Observers are less certain, however, about whether the […]
Individual mandate rejection seen as worst legal outcome
WASHINGTON—Deciding that the individual mandate in the health care reform law is unconstitutional while keeping the rest of the law intact would be the “worst-case scenario” of possible Supreme Court actions on the law, most industry experts agree. “It does not put us back to where we were prior to health care reform. It puts […]
Employers face decisions if court overturns entire law
WASHINGTON—There’s good news and bad news for employers if the U.S. Supreme Court scraps the entire Patient Protection and Affordable Care Act, health benefits experts say. While employers would regain their former flexibility in designing health benefits, they also would have to decide what to do with plan changes they’ve already made to comply with […]
Spencer Foundation to benefit from RIMS golf, hockey events
PHILADELPHIA—Attendees at the 2012 Risk & Insurance Management Society Inc. Conference & Exhibition once again will hit the links and rinks to raise money to support students of risk management. As in past years, the Spencer/Gallagher Golf Tournament and the NAPCO Spencer Cup hockey tournament will function as the “unofficial kickoff” for the conference. Both […]
Lloyd’s of London losses top $800M on catastrophes
LONDON—Lloyd’s of London was hit hard by 2011 catastrophe losses, but the market is well-positioned to absorb the impact, observers and Lloyd’s say. Analysts say Lloyd’s £516 million ($818.8 million) loss for 2011, announced last week, was well within expectations, given a series of natural disasters that included the earthquake and tsunami in Japan; an […]
Insured catastrophe losses total $116 billion in 2011
Insurers sustained $116 billion in losses from natural catastrophes and man-made disasters last year, Zurich-based Swiss Re Ltd. reported. Nevertheless, the insurance industry proved to be “highly effective” in dealing with the losses, which made 2011 the second-costliest year in insured losses. It was surpassed only by 2005, when a series of major hurricanes, including […]
Steve Jobs’ biographer Walter Isaacson to speak at RIMS
As a keynote speaker at the 2012 RIMS Conference & Exhibition, Walter Isaacson will discuss the main links between innovation and risk-taking, particularly through the prism of his most recent work, the best-selling biography of Steve Jobs.
Billy Beane to present at RIMS on lessons of ‘Moneyball’
PHILADELPHIA—When Billy Beane was named general manager of the Oakland Athletics in October 1997, the team was only weeks removed from finishing dead last in all of Major League Baseball that season. The A’s total payroll that year, $21.9 million, represented about 37% of the league-leading $59.1 million payroll carried by New York Yankees. Five […]
Pension funding levels hit new low last year
Pension plan funding levels among large, publicly held U.S. employers sank to a new low last year as falling interest rates fueled a rise in the value of plan liabilities while mediocre investment results held down plan asset growth, according to a Milliman Inc. survey released last week. Defined benefit plans offered by 100 U.S. […]
Lockton strengthens global brokerage ties
KANSAS CITY, Mo.— Lockton Cos. L.L.C. has formed a partnership with 30 privately held brokers in the Americas, Europe, Asia and Africa to better serve global clients, the Kansas City, Mo.-based brokerage announced today. The partnership, Lockton Global L.L.P., formalizes longstanding relationships Lockton has had with brokers outside the United States and helps address clients’ […]
RIMS’ local Philadelphia authorities
Philadelphia, the host city for the 2012 Risk & Insurance Management Society Inc. Conference & Exhibition, offers a variety of interesting things to do and see—and eat. To give visitors the local perspective on the best sights, activities and dining spots in and around town, Business Insurance polled several risk and insurance professionals from the […]
OPINION: Health care reform law requires fast resolution by court
THE MOST SIGNIFICANT takeaway from last week’s oral arguments on the health care reform law before the Supreme Court was a near-consensus among the justices that they should resolve the legal issues by the end of the court’s current term in June. Justices spanning a wide range of the ideological spectrum were openly skeptical of […]
UP CLOSE: Betsy Good
Betsy Good, Hunt Valley, Md.-based senior vp and director of strategy for Woodbury, N.Y.-based insurance broker Sterling & Sterling Inc.
RIMS getaways
New Hope & Ivyland Railroad This fully restored steam passenger train runs weekends from New Hope, Pa., to Lahaska, Pa., and back. First-class adult ticket: $24.45 www.newhoperailroad.com Lancaster County Lancaster County is known for being home to the oldest Amish settlement in the country, but it also offers plenty of comfort food, historical tours and […]
RIMS dining
Buddakan Modern Asian 325 Chestnut St.; 215-574-9440 www.buddakan.com Capital Grille Steakhouse 1338 Chestnut St.; 215-545-9588 www.thecapitalgrille.com The Continental Mid-town New American 1801 Chestnut St.; 215-567-1800 www.continentalmidtown.com Davio’s Northern Italian Steakhouse Steakhouse/Italian 111 South 17th St.; 215-563-4810 www.davios.com Devon Seafood Grill Seafood 225 S. 18th St.; 215-546-5940 www.devonseafood.com Del Frisco’s of Philadelphia Steakhouse 1426 Chestnut St.; […]
RIMS attractions
Academy of Natural Sciences of Drexel University Besides being the world’s oldest natural history museum, the academy offers visitors a chance to walk among live butterflies as well as long-deceased dinosaurs. Adult admission: $12 www.ansp.org Avenue of the Arts Since 1993, Avenue of the Arts has been working to re-establish Broad Street as a hub […]
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