Workers' comp model law on doctor-dispensed drugs gets nod from NCOIL
A National Conference of Insurance Legislators panel has given conditional approval to a workers' compensation model law that seeks to use original wholesale prices as the basis for reimbursement rates for doctor-dispensed prepackaged drugs. The model law, patterned after Tennessee's approach, is expected to be amended as NCOIL seeks to include best practices from several states. "Let's base what we do on what really works," PCI's Rita Nowak said. PropertyCasualty360
|Is Pricing Low Your Strategy to Success? Think again.|
Pricing is the heart of a business. It affects everything you do and is affected by everything you do. Economists talk of supply and demand as key factors behind pricing—successful entrepreneurs manipulate demand by making their products more desirable. These six steps will help you determine the right price for your product or service, read the article and learn how to get pricing right.
M&A activity declined among insurers last year, study finds
Merger-and-acquisition activity in the insurance industry declined in 2012, a Conning study says. M&A deals dropped 19%, while aggregate deal volume declined 21%, Conning's Jerry Theodorou says. "In 2012, high levels of industry capital and limited opportunity for organic growth suggested that it should have been a very active year," Theodorou said. Insurance Networking News
Study: Fewer Americans say altering insurance claims is OK
Nearly one-fourth of Americans said they think that padding an insurance claim to compensate for deductibles is acceptable, a sentiment that is on the decline, according to an Insurance Research Council study. "However, the fact remains that nearly 1 in 4 Americans are tolerant of claim-padding behavior that has direct implications for claim costs and the cost of insurance for consumers. Moreover, 1 in 10 believe that insurance fraud doesn't hurt anyone, indicating the need for continued public education," said Elizabeth Sprinkel of the Insurance Research Council. Insurance Networking News
|Transformational Journeys: Modern Business Planning|
Harvard Business Review explores why CFO's and their finance organizations must adapt to the changing landscape of their markets and how big data, organizational collaboration, and new cloud-based planning and analysis technologies are driving successful change.
Click here to access the report.
Earthquake-recovery plan could isolate Ore. town, officials say
Officials in Medford, Ore., are considering preparations for a major earthquake as they say the state's plan could isolate the region for some time. Such an earthquake could heavily affect the south part of the state and isolate coastal areas, said Gary Leaming, spokesman for the state Transportation Department. "It will be so catastrophic. We'll be hard-pressed to get goods and services into that area for a while. It will be a regionwide crisis," Leaming said. The Oregonian (Portland)/The Associated Press
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