Featured Jobs
|
Plan Administrator, Defined Benefit & Cash Balance The Pension Source
|
|
DWC - The 401(k) Experts
|
|
Regional Vice President, Sales MAP Retirement
|
|
MAP Retirement
|
|
Defined Benefit Plan Consultant/Actuarial Analyst Sentinel Group
|
|
Strategic Retirement Plan Consultant Retirement Plan Consultants
|
|
Pattison Pension
|
|
MAP Retirement
|
|
Sentinel Group
|
|
BPAS
|
|
Retirement Relationship Manager MAP Retirement
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
New York's Regulatory Failure and an Insurance CO-OP Collapse
Empire Center for Public Policy 
Dec. 24, 2015
"Health Republic's growing financial troubles should have been no surprise to insurance regulators at the Department of Financial Services (DFS). The company's filings to DFS showed steep operating losses, mounting debt, unanticipated costs and heavy reliance on a federal risk-management subsidy that failed to materialize. Yet the department did not intervene to order an increase in Health Republic's premiums, as other states did in similar situations. To the contrary, DFS repeatedly cut the company's premiums below what the insurer had requested, aggravating the co-op's losses."
|
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |