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Taking Responsibility

The article "Multiple-Choice Question" (August 2002) was most informative. Unfortunateiy, you failed to expand on the profound statement by Ben Cutler, president and chief executive officer of Fortis Health, that reads, "It's pretty hard to change people's behaviors without economic consequences, and that's the element that is now missing in most of these programs."

I believe that one of the most effective ways to promote wellness is to target individuals who do not take responsibility for maintaining and improving their own health. If these persons were required to pay somewhat more for their health insurance but not so much that they are likely to opt out of having and retaining coverage, you would have a win-win program for those who would be paying more and for the majority who would not. The stumbling block is HIPAA's nondiscrimination rules.

M. Lloyd Baum

Baum Insurance Services

Los Angeles

In the Spotlight *

"Strict regulations governing contractor licensing, worker training and certification would professionalize the mold-remediation industry, just as regulations weeded out unqualified contractors in the asbestos-abatement industry about 16 years ago."

Burton T. Fried

President and CEO

LVI Services

"Companies are looking at captive insurance probably much more aggressively than they had before, because of the difficulty in obtaining some coverages, and probably also because of the tremendous increase in premiums. It's a very, very busy time in this industry."

Molly Lambert

President and COO

Vermont Captive Insurance Association

"I'm stunned by our stock price. When anyone sneezes, it seems like Trenwick has pneumonia."

James Billett Jr.

Chairman, President and CEO

Trenwick Group Ltd

"Our view in Illinois remains that the best environment for consumers in the long run is a market-based competition being used to regulate rates."

Nat Shapo

Director of Insurance

State of Illinois

"It's clear some people in positions of responsibility have abused that privilege, and yes, that's impacted us in the short term. [But] most corporate managers are honest, caring and committed to doing what is right."

John J. Schiff Jr.

Chairman and CEO

Cincinnati Financial Corp.

"While there are advantages to no-fault from an efficiency point of view, there's the big disadvantage in the disincentive on safety for the drivers, and so if you're going to adopt a no-fault system, make sure you also adopt a system such that insurers can rate the drivers based on their driving behavior."

Richard D. Phillips

Associate Professor of Risk Management and Insurance

Robinson College of Business

* excerpted from BestWeek
COPYRIGHT 2002 A.M. Best Company, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Best's Review
Article Type:Brief Article
Date:Sep 1, 2002
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