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Governor Chet Culver is injecting himself in the middle of a dispute about Wellmarks plan to raise the price of health insurance premiums by 18 percent, on average, for about 80,000 Iowans. Culver has directed the state insurance commissioner to...
Category:
Financial Services
San Diego City Employees Retirement System will launch an RFP to hire an independent actuarial firm to validate the results of the 2009 valuations. Cheiron has been the $4.3 billion systems actuary since 2005. Board rules adopted in 2008 require...
Category:
Financial Services
The U.S. division of Sun Life Financial Inc. today announced that Larry Madge has been named Senior Vice President and Chief Actuary. He will be responsible for strengthening actuarial processes and controls as well as improving forecasting in order to...
Category:
Financial Services
WASHINGTON, March 24 /PRNewswire-USNewswire/ -- With the enactment of health care reform legislation yesterday, the American Academy of Actuaries said the successful implementation of this and forthcoming reconciliation legislation will require coordinated efforts to ensure that the regulatory development process...
Category:
Financial Services
Society of Actuaries' Survey Identifies Effective Ways to Reduce Cost Trends and Create a Sustainable Healthcare System SCHAUMBURG, Ill., June 29 -- With national healthcare spending expected to rise by hundreds of billions of dollars over the next 10 years,...
Category:
Financial Services