Connecticut Insurance Law Journal最新文献

Demand for Health Insurance in the Time of COVID-19: Evidence from the Special Enrollment Period in the Washington State ACA Marketplace COVID-19时期的医疗保险需求:来自华盛顿州ACA市场特殊登记期的证据

Connecticut Insurance Law Journal Pub Date : 2020-08-27 DOI: 10.2139/ssrn.3683430

Gerardo Ruiz Sánchez

{"title":"Demand for Health Insurance in the Time of COVID-19: Evidence from the Special Enrollment Period in the Washington State ACA Marketplace","authors":"Gerardo Ruiz Sánchez","doi":"10.2139/ssrn.3683430","DOIUrl":"https://doi.org/10.2139/ssrn.3683430","url":null,"abstract":"I study the demand for health insurance during the COVID-19 pandemic using Special Enrollment Period (SEP) individual-level enrollment data from the Washington State Affordable Care Act Marketplace. I document that most individuals enrolling in plans during the pandemic are those who lost minimum essential coverage, followed by uninsured individuals making use of Washington’s limited-time SEP for uninsured individuals. I estimate a demand model and find that low-income individuals and young individuals are more premium sensitive. I find that 20.4 percent of the individuals in my analysis sample did not pay their initial premium. Individuals losing minimum essential coverage are less likely to pay their initial premium than individuals using the SEP for other qualifying events. Lower income individuals are less likely to pay the initial premium than higher income individuals. My results suggest three reasons for considering more generous premium subsidies during the remainder of the pandemic: (1) individuals losing minimum essential coverage are already using the exchange to replace lost coverage, (2) consumers are premium sensitive, and (3) there are meaningful differences across demographic groups in the probability of paying the first premium, which is necessary for coverage to take effect.","PeriodicalId":29865,"journal":{"name":"Connecticut Insurance Law Journal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86979057","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Licensing the Insured: Providing Driver Licenses to Unauthorized Immigrants Has Not Impacted Auto Insurance in California 向被保险人发放驾照:向非法移民发放驾照并未影响加州的汽车保险

Connecticut Insurance Law Journal Pub Date : 2020-04-26 DOI: 10.2139/ssrn.3541901

Hans Lueders, M. Mumper

引用次数: 1

Terrorism Risk Insurance Act: Time to Renew . . . or Rethink? 恐怖主义风险保险法:是时候更新了……还是重新考虑?

Connecticut Insurance Law Journal Pub Date : 2019-12-08 DOI: 10.2139/ssrn.3525461

J. Thomas

{"title":"Terrorism Risk Insurance Act: Time to Renew . . . or Rethink?","authors":"J. Thomas","doi":"10.2139/ssrn.3525461","DOIUrl":"https://doi.org/10.2139/ssrn.3525461","url":null,"abstract":"This paper summarizes the U.S. program for terrorism insurance, outlines its advantages and disadvantages, and describes the current proposals for extension of the program. The program, generally referred to as a “Federal Backstop,” functions in some ways that are similar to reinsurance, but it does not require participants to pay premiums ex ante. Instead uses an ex post recoupment mechanism to recover some or all of the Federal payments made under the program. This approach has the advantage of reducing the cost and increasing the availability of terrorism insurance. Some have criticized the program for its interference in market mechanisms, but the program facilitated the development of the market underneath the backstop. The program does not cover NBCR risk, and some types of insurance are excluded. In addition, the program does not preempt state price regulation or the mandated use of the standard fire insurance policy, which provides coverage for ensuing fires after terrorism events. These weaknesses are not addressed by current proposed legislation to extend the program for seven years without any changes. The strong, bipartisan support for the proposed legislation suggests that it is likely to pass.","PeriodicalId":29865,"journal":{"name":"Connecticut Insurance Law Journal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-12-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81212484","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Loss of ‘Unattended Property in a Public Place’ – Testing the Good Faith of the Travel Insurer 在公共场所遗失“无人看管的财产”-测试旅游保险公司的诚信

Connecticut Insurance Law Journal Pub Date : 2019-02-05 DOI: 10.2139/ssrn.3501987

P. Latimer

{"title":"Loss of ‘Unattended Property in a Public Place’ – Testing the Good Faith of the Travel Insurer","authors":"P. Latimer","doi":"10.2139/ssrn.3501987","DOIUrl":"https://doi.org/10.2139/ssrn.3501987","url":null,"abstract":"Travel insurance policies require insureds to take adequate precautions to protect their personal property including their luggage. They exclude cover for the loss or theft of personal property which has been left ‘unattended in a public place’. The relevant authorities on this exclusion including the often-cited decision by Lord Denning in the Starfire Case in the UK in 1962 would appear to give the final word to the insurer. However, caselaw is mixed and shows that a determined insured would have a good chance of success on appeal. The fact that insurers regularly reject claims which are successful on appeal is another example of the conduct of the finance sector falling below community standards and expectations as demonstrated in the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (Australia, 2018-2019). Wrongly rejecting claims can expose the insurer to several potential legal liabilities at common law and under statute. This article recommends deleting the intricacies of the standard exclusion for property being left ‘unattended in a public place’ in favour of the standard policy condition that the insured must take adequate precautions to protect their personal property. It also recommends amendments to the Corporations Act 2001 (Cth) to empower the Australian Securities and Investments Commission (ASIC) to regulate the claims procedures of insurers. ","PeriodicalId":29865,"journal":{"name":"Connecticut Insurance Law Journal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-02-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90069635","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The Insurance Business in Transition to the Physical-Cyber Market: Communication, Coordination and Harmonization of Cyber Risk Coverages 向实体-网络市场过渡的保险业:网络风险覆盖范围的沟通、协调与统一

Connecticut Insurance Law Journal Pub Date : 2018-10-15 DOI: 10.2139/ssrn.3201875

W. Kwon

{"title":"The Insurance Business in Transition to the Physical-Cyber Market: Communication, Coordination and Harmonization of Cyber Risk Coverages","authors":"W. Kwon","doi":"10.2139/ssrn.3201875","DOIUrl":"https://doi.org/10.2139/ssrn.3201875","url":null,"abstract":"This investigative study examines the business of insurance from a loss exposure and coverage development perspective and compares its findings with current market practices dealing with cyber risk(s). It discusses the importance of government regulation of data and privacy protection for the public, in general, and insurance buyers, in particular. Evidence shows incomplete communication among information technology professionals, risk managers and insurance underwriters. Their efforts are inadequately coordinated, and each industry seems to have its own set of risk management guidelines. Evidence shows that insurance policies – including risk classification and policy wording – are not standardized, likely resulting in coverage gaps and a litigious claims environment. More importantly, the insurance market treats all insurable loss exposures and the parties exposed to them in cyberspace using a single policy approach – an approach for a world of risk in which human activities, artificial intelligence and machine-learning become complicated and are increasingly interconnected. This multiplicity-in-cause, multiplicity-in-outcome nature of the risks in the cyber world, of which coverages every individual and business will need, requires the insurance industry to evaluate whether this single policy approach is appropriate, and separately to agree on meaningful standardization of coverages. Finally, this study proposes that, as the cyber world adds more risks on top of cybersecurity-related loss exposures, the business of insurance is in transition to operations in the physical-cyber market.","PeriodicalId":29865,"journal":{"name":"Connecticut Insurance Law Journal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2018-10-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91394596","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Discrimination and Insurance 歧视与保险

Connecticut Insurance Law Journal Pub Date : 2017-12-18 DOI: 10.2139/ssrn.3089946

R. Avraham

引用次数: 16

Unjust Enrichment in the ‘Fairchild Enclave’ International Energy Group Ltd v Zurich Insurance Plc “仙童飞地”国际能源集团有限公司诉苏黎世保险有限公司不当得利案

Connecticut Insurance Law Journal Pub Date : 2017-11-01 DOI: 10.1111/1468-2230.12306

K. Krishnaprasad

引用次数: 0

Exploiting the Medicare Tax Loophole 利用医疗保险税收漏洞

Connecticut Insurance Law Journal Pub Date : 2017-09-22 DOI: 10.2139/SSRN.3041694

K. Burke

{"title":"Exploiting the Medicare Tax Loophole","authors":"K. Burke","doi":"10.2139/SSRN.3041694","DOIUrl":"https://doi.org/10.2139/SSRN.3041694","url":null,"abstract":"Section 1411 imposes a 3.8% surtax on investment income of high earners that mirrors Medicare taxes on earned income. The enactment of the net investment income tax highlights gaps in the employment tax rules for passthrough entities—particularly limited partnerships, S corporations, and limited liability companies. This Article considers how businesses can be structured to allow active high-income owner-employees of passthrough entities to avoid all three of the 3.8% Medicare taxes (SECA, FICA and section 1411). Part I considers the anachronistic limited partner exception to the SECA tax and the well-known S corporation loophole under the FICA tax, as well as the failure of section 1411 to reach active business income that avoids these employment taxes. Part II considers the recent Renkemeyer case, which has reignited the employment tax debate and threatens to upend structures used in investment and real estate funds to shelter management fees from all of the 3.8% taxes. Although repeal of section 1411 remains high on the Republican tax-cutting agenda, Part III suggests the need to reform (not repeal) section 1411 to backstop the employment tax rules for active passthrough businesses, regardless of organizational form. The proposed approach would curtail opportunities to avoid the 3.8% taxes, raise substantial revenue, and promote the goal of parity in the taxation of earned and unearned income. By contrast, tax legislation enacted in 2017 leaves intact planning to avoid employment taxes and section 1411, while dramatically lowering the income tax rate on business income. As a result, business taxation has grown increasingly incoherent, regressive, and unstable.","PeriodicalId":29865,"journal":{"name":"Connecticut Insurance Law Journal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2017-09-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85602994","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Insurance Law Reform by Degrees: Late Payment and Insurable Interest 保险法改革分阶段:滞纳金与可保利息

Connecticut Insurance Law Journal Pub Date : 2017-05-01 DOI: 10.1111/1468-2230.12267

Franziska Arnold-Dwyer

引用次数: 2

Insurance Fraud and the Role of the Civil Law 保险欺诈与民法的作用

Connecticut Insurance Law Journal Pub Date : 2017-05-01 DOI: 10.1111/1468-2230.12269

P. Rawlings, Jon P. Lowry

引用次数: 0