The News Review:
- More bad news: Many health insurance rates going up this year
- AM Best Affirms Ratings of Sun Hung Kai Properties Insurance Limited
- AIG insurance policies in Washington are safe
- Some SUV’s Don’t Do Well on Safety Test
More bad news: Many health insurance rates going up this year
Seattle Post Intelligencer
He said the company has instituted a pay freeze for non-union staff and a review of vacancies. In recent years most of the double-digit rate increases have impacted individual health plans and not larger group plans used by many employers. But Hilary Young a spokeswoman for the state’s Insurance Commissioner said smaller increases such as Premera’s 6. 1 percent hike have a big impact. “It you’re writing a check every month that’s a big number” Young said. She said her office is watching the investment losses closely but is not overly concerned because of healthy growth in the past. Joshua Welter a community organizer for Washington Community Action Network said the insurance hikes are another reason to create a public health insurance plan.
Related from Fathernickthomas: Is the health insurance industry serious about reform?
AM Best Affirms Ratings of Sun Hung Kai Properties Insurance Limited
FXBusiness
Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries including insurance companies banks hospitals and health care system providers. For more information visit www.
AIG insurance policies in Washington are safe
Seattle Post Intelligencer
PTAIG insurance policies in Washington are safeBy. CM STAFFWashington consumers who hold policies with American International Group or AIG will not be affected by the conglomerate’s financial troubles according to the state insurance commissioner”Many consumers have contacted my office concerned about their AIG insurance policies” Insurance Commissioner Mike Kreidler said in a Tuesday statement. “I’ve assured them that AIG’s insurance companies have the money necessary to pay claims. Regardless of what happens to AIG there’s a firewall in place to guard the assets of the insurance companies and protect policyholders. AIG owns 176 other companies in addition to 71 insurance companies. The insurance companies are regulated in the states where they are based the commissioner said.
Some SUV’s Don’t Do Well on Safety Test
New York Times
nly four of the dozen small S. ?s evaluated in a new test to see how well their roofs held up in a rollover crash got “good” ratings and some of the country?s most popular models did not fare well.