NAIC

You know that the NAIC is one of my favorite topics.  They have been real quiet for almost a year.  Kinda wondering what they are up to. Well they have just launched a multi-state examination on on Anthem insurance for they cyber attack and on Premera Blue Cross of Washington state.  Now the question becomes who will be doing the exam and how much it will cost if they...

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The Medical Billing Crisis for the Insurance Industry

  Medicare has reduced costs by reducing the paid benefits by 11%.  Medicaid has reduced payments to doctors by 43%.  Private health payers have re-negotiated contract agreements with reduced payments.  Obamacare, not really sure what and if the exchanges are paying, but doctors and health care providers are complaining that they are making less money on the same...

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10 Life Lessons From Navy SEAL Admiral McRaven’s Amazing Commencement Speech

FARNAM STREET MAY 28 2014, 7:41 AM  BOOKMARK    1632 Naval Adm. William H. McRaven Naval Admiral William H. McRaven delivers an amazing University of Texas at Austin 2014 Commencement Address. Below is an abbreviated transcript of his speech: The University’s slogan is: “What starts here changes the world.” Tonight there are almost 8,000 students graduating...

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Are you killing your Claim people with numbers?

  One nice thing about this consulting gig is I get to look at a lot of insurance companies and how they do business.  One thing always alleged in a bad faith case is the adjuster and managers are being compensated to pay as little on a claim as possible.  Plaintiff attorney really believe that employee compensation is tied to what the adjuster pays out. The one...

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The solution for uninsured motorists

I had an interesting discussion with a group of  insurance claims folks recently.  The discussion centered around what to do with the increasing problem of more people driving with no insurance. The usual suggestions of pulling their drivers license and care registration came up, along with monetary fines.  These have been in place in most states for years.  Another...

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2013??

Welcome to 2013.  First all, Happy New Year to the readers and clients of Crossroads Advisory USA.  Crossroads is celebrating its 2 year anniversary this month.  Ready for a new year. I am sure all the insurance companies are looking in their crystal balls making their best guesses what the new year will bring and what they need to do to address such things as improved...

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