State spending: the price of regulation plateaus
Article Abstract:
States will spend less on insurance regulation in 1998, with the aggregate 1998 budget for the 50 states and the District of Columbia projected to rise by a mere 1.1% from 1997. It will be the smallest increase in aggregate budget since 1988. From $344.4 million in 1988, state spending for regulation has ballooned by 115% to reach $740 million in 1997. However, the projected 1998 spending may still change, such as 1997 spending which was originally estimated to reach only $704.5 million. The downturn in the rate of increase signals a new trend toward fiscal conservatism in state insurance regulation.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1998
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Genetic testing takes center stage
Article Abstract:
Pres Bill Clinton endorsed a bill passed by Rep Louise Slaughter concerning the regulation on the use of genetic information by health insurers. Some of the life and disability insurers use genetic information as a scheme in carving out classes of risk. The stakes in the genetic information and testing are bigger for life and disability companies because these policies are sold on an individual rather than a group basis.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1997
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Trends moving toward Glass-Steagall repeal
Article Abstract:
Moves to integrate financial services may be spurred by the incoming 105th Congress. Legislative trends indicate that Congress may be preparing to repeal the Glass-Steagall Act and pass a comprehensive financial services modernization law. National banks and major insurers and securities firms will continue to lobby Congress to integrate all financial services.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1996
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- Abstracts: A new direction for the life industry. Genetic testing creates opportunities, challenges
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