In a move sure to reignite debate over upcoming US health system changes, The American Medical Association (AMA) on Monday publically reaffirmed its support for the individual mandate, the most contentious provision of the Obama Administration's Healthcare Reform Law. Under the Affordable Care Act (ACA) nearly…

A new report published by worldwide insurance rating and information agency A.M Best Co predicts substantial change will occur within the Vietnamese insurance industry as the country's regulatory framework evolves, allowing the market to open up further for foreign companies to share their capital and technical expertise. In the special report, titled "Vietnam's Insurance Market Awakening to Further…

Starr International, a Bermuda-based private insurance holding company, has acquired a 20 percent stake in the Chinese property insurer Dazhong Insurance Co Ltd.

Insured losses from one unprecedented week of massive thunderstorms that struck the United States in May could cost insurers as much as US$7 billion, according to a statement from catastrophe modeling firm AIR Worldwide. The Boston-based firm calculated that the severe storms that occurred throughout the country from May 20 to the 27, led by costs from the devastating tornado that struck Joplin, Missouri, will result in cumulative insured losses to residential, commercial, industrial properties and automobiles of between US$4 billion and US$7 billion. More than 500 people have been killed from tornadoes already this year, including at least 130 from the Joplin disaster.

Munich Reinsurance Co., the world's largest reinsurer, could be seeking to expand its operations in the United States.

The devastating natural catastrophes, including tornadoes, floods and global earthquakes that have already hit in 2011 have US insurance companies bracing for heavy losses. These insurers are now eyeing rate increases to restore their reserves as the busy Atlantic hurricane season approaches.

Starting in September, U.S. health insurance companies that want to increase premiums by 10 percent or more are going to face tougher government scrutiny from state or national regulators, according to new federal regulation issued Thursday from the Obama administration.

The Indian government is looking to develop public-private partnerships in hospitals to improve and expand healthcare access towards the more remote and impoverished areas of the country. However, the success of an existing government health insurance scheme designed for the poor has already begun to meet these objectives. The Rashtriya Swasthya Bima Yojana (RSBY) scheme was launched on April 1st…

More established players in the reinsurance market are set to release their quarterly accounts and reassess their capacity to now meet annual growth targets.

Aviva has upgraded its international private medical insurance services.