By the numbers: World insurance growth. (Briefing).Buoyed by strong private pension markets in the United States and Western Europe, life insurance companies saw a global increase in sales of 9.1% in 2000. Nonlife companies, on average, reported higher growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. than a decade ago. But the major markets--such as the United States, Japan, Germany and France--proved to be lackluster, showing only meager mea·ger also mea·gre adj. 1. Deficient in quantity, fullness, or extent; scanty. 2. Deficient in richness, fertility, or vigor; feeble: the meager soil of an eroded plain. 3. growth. It was the emerging markets, which are recovering from 1998 Asian and Russian financial crises, which saw impressive increases in nonlife insurance sales in 2000. [Graph omitted] [Graph omitted] [Graph omitted] [Graph omitted] RELATED ARTICLE: Around the Nation Here is a look at state legislatures' recent actions that will affect the insurance industry. Indiana's Senate has passed a bill that would ban the use of credit information as the sole basis for denial, cancellation or nonrenewal of an insurance policy. The bill would prohibit scoring models that consider an applicant's gender, race, nationality or religion. Washington state Senate The Washington State Senate is the upper house of the Washington State Legislature. The body consists of 49 Senators, respresenting an equal number of districts across the state, each with a population of nearly 120,000. and House committees also have approved bills restricting insurers' use of credit-based insurance scores. A Colorado Senate committee approved a bill that would prevent insurers from denying health-care coverage to people who engage in activities such as skiing and snowboarding. Both houses of California's Legislature OK'd a bill that would raise workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. benefits by $2.4 billion over four years, Democrats said, but insurers said a more accurate estimate is $3.5 billion. The New York State Assembly The New York State Assembly is the lower house of the New York Legislature, the state legislature of the U.S. state of New York. The Assembly is composed of 150 members representing an equal amount of districts, with each district having an average population of 127,000. passed the Women's Health Women's Health Definition Women's health is the effect of gender on disease and health that encompasses a broad range of biological and psychosocial issues. and Wellness Act, which would require insurers to cover bone-density measurement and drug therapy to treat osteoporosis, as well as mammograms for women age 40 and older. It also requires drug coverage for contraceptives and would remove deductibles and copays for cervical screenings and mammograms. A second bill, the Emergency Contraception Emergency Contraception Definition Emergency contraception or emergency birth control uses either emergency contraceptive pills (ECPs) or a Copper-T intrauterine device (IUD) to help prevent pregnancy following unprotected vaginal intercourse. Act, also passed by the Assembly, would ensure access to emergency contraception and counseling for rape victims. |
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