• Client Login

Keenan | Insurance Brokerage, Risk Management, & Consulting

  • Voluntary Benefits
  • Wellness Program
  • Financial & Retiree Planning
  • Retiree Medical
  • Pool Administration
  • BenefitBridge
  • Medical TPA Services
  • Pharmacy Services
  • P&L Coverage
  • Construction Coverage
  • Loss Control Services
  • P&C Bridge
  • Workers' Comp TPA
  • Workers' Comp Coverage
  • Individual & Family Plans
  • Public Agencies
  • Health Care
  • Provider Locator Tools
  • Keenan Products
  • Documents & Forms
  • COVID-19 Resources
  • School Safety Center
  • Health Care Reform
  • Safety Videos
  • Injured Worker Website
  • COVID-19 Information
  • Working Remotely
  • Executive Team
  • Office Locations
  • Testimonials
  • Keenan in the News
  • Press Releases
  • Abuse Prevention Center

Keenan Briefings

California Considers A Statewide Long-Term Care Insurance Program

Californians are worried about the costs of growing older. Recent research has found that two-thirds of California residents are worried about being able to afford long-term care—as worried about the cost of long-term care as they are about the cost of future health care.

Lawmakers are concerned as well. The number of elderly Americans is expected to double in the next 40 years, and approximately 70% of people over the age of 65 can be expected to use “long term care services and supports” (LTSS). The Medicaid program is the primary funder for “long-term services and supports” in the United States, paying for more than half of all long-term care in the U.S.  California spending o n Medicaid has grown over the last decade, outpacing growth in state revenues. Medi-Cal (the California Medicaid program) comprises the second largest budget outlay in the state—just behind K-14 education. So while lawmakers are sensitive to constituent concerns, they are also cognizant that dealing with the need for long-term care coverage is a budget priority as well.

In response to these pressures, California passed AB 567 (Chapter 746, Statutes of 2019) establishing the Long Term Care Insurance Task Force (Task Force) in the California Department of Insurance. In the last year, the Task Force has explored the feasibility of developing and implementing a statewide insurance program for “long-term care services and supports” (LTSS).

On December 23, 2022, the Task Force submitted its recommended options to the Governor and the Legislature in a report entitled the AB 567 Oliver Wyman Feasibility Report (Report) .

Task Force Recommendations

While a range of design options were considered, Task Force members leaned toward a comprehensive benefit design, with the support increasing as benefit levels did, ranging from $36,000 ($3,000/month) at the low end to $144,000 ($6,000/month) at the high end. That benefit would be available to pay for comprehensive home, community-based and facility-based care, for up to two years for Californians aged 18 and older who are unable to perform two of six activities of daily living for at least 90 days or who suffer from severe cognitive impairment.

The state LTC benefit would likely be funded by a progressive payroll tax split between employees and employers with a contribution cap and a contribution waiver for lower-income individuals. Although the Task Force recommended a payroll tax with an employer-paid portion of up to 50%, there was recognition that it would be challenging to garner political support for an employer-paid tax. The Task Force has recommended assessing the financial impact of various employer-paid portions of the program contribution rate, including an entirely employee-paid tax.

For now, the actual tax rate has not been decided. Washington State’s implemented rate of 0.58% proved too low to fund its program, and Task Force members have been eager to avoid some of the problems that Washington encountered in implementation. New York State’s long term care bill, SB 9082, would establish a payroll tax of up to 1%.

Regardless of the rate or the employer share, any payroll tax borne by employees will impact their take-home pay. The higher the tax amount, the more likely employees would be to expect wage increases to offset this new expense, especially in wake of rapid inflation that has eroded the spending power of California employees.

Actuarial Report

The Task Force deferred a number of important discussions to an Actuarial Report, which will be prepared by the Actuarial Subcommittee of the Task Force. The Actuarial Report, which is due to be released by January 1, 2024, will provide a more detailed analysis of certain choices regarding benefit eligibility age and vesting criteria, portability and divesting criteria, benefit maximums and elimination periods, as well as revenue sources, contribution limits, investment strategy and other program design considerations. One of the most important topics that the Actuarial Report will discuss is the differing impacts of different opt-out dates.

Opt-out Considerations

Members of the Task Force have expressed significant reservations about designing an option for those who already have private long-term care insurance to opt out of the state program. Much discussion was targeted at the idea of adverse selection—that the ability to opt out of the program would significantly reduce program revenues as higher-income individuals obtain their own coverage. With regard to opt-out, the Actuarial Report will be tasked to “assess the financial impact of changing the deadline for the purchase of opt-out eligible private insurance policies from the program.

One of the options that seemed to have wide support from the Task Force members was creating an opt-out deadline that predates the enactment of the program. That means the legislature could pass a law that says that unless an individual had private coverage in place before January 1, 2024 (or an even earlier date) then that individual cannot opt out of the program or the payroll tax that will fund it. Those that wait until legislation is drafted will have missed the opportunity to choose their insurance coverage and to avoid additional taxation.

Timing and Employer Considerations

Below are some important dates related to the enactment of LTC legislation in California.

  • December 23, 2022: Task Force issued AB 567 Oliver Wyman Feasibility Report
  • January 4, 2023: Legislature reconvened for 2023 session
  • February 17, 2023: Last day for 2023 bills to be introduced in the California legislature
  • June 15, 2023: Presentation of preliminary actuarial results to the full Task Force
  • July 1, 2023: First day of 2023-2024 Fiscal Year
  • August 24, 2023: Draft Actuarial Report update and input
  • September 14, 2023: Last day for California legislature to pass bills for the 2023 session
  • September 21, 2023: Presentation of Draft Actuarial Report to Task Force
  • December 14, 2023: Presentation of Final Actuarial Report to Task Force
  • January 1, 2024: Potential deadline for obtaining LTC coverage that qualifies as an opt-out

In order for a statewide long-term care insurance program to be enacted, the legislature must pass, and the Governor must sign a law establishing a program. The deadline for the introduction of legislation for 2023 was February 17, 2023. No comprehensive long-term care legislation was introduced before that deadline. While language establishing a long-term care program could be drafted and grafted into another bill later in the legislative session, it appears the legislature is prepared to wait for the release of the Actuarial Report before introducing a long term care bill.

However, employers that wish to reserve the full range of options for their employees should not wait until the legislature acts. In fact, employers that wait for legislation may well find themselves boxed into whatever tax-funded option the legislature establishes, at whatever payroll tax level and employer share the legislature chooses employers to bear.

AP Keenan is not a law firm and no opinion, suggestion, or recommendation of the firm or its employees shall constitute legal advice. Clients are advised to consult with their own attorney for a determination of their legal rights, responsibilities, and liabilities, including the interpretation of any statute or regulation, or its application to the clients’ business activities.

View All Briefings

Quick Links

  • Documents & Forms
  • Abuse Prevention
  • MyNewMarkets.com
  • Claims Journal
  • Insurance Journal TV
  • Academy of Insurance
  • Carrier Management

Insurance Journal - Property Casualty Industry News

Featured Stories

  • Liberty Mutual to Eliminate 250 Positions
  • Pennsylvania’s 7.8% Workers’ Comp Cut to Take Effect

Current Magazine

current magazine

  • Read Online

Prince Charles Launches Partnership with Insurance Industry to Tackle Climate Change

insurance task force

His Royal Highness the Prince of Wales launched his Sustainable Markets Initiative (SMI) Insurance Task Force during a visit today at Lloyd’s.

The SMI Insurance Task Force, convened by Prince Charles and chaired by Lloyd’s, is comprised of executives from many of the world’s largest insurance and reinsurance companies, providing an influential platform for the sector to collectively advance progress towards a resilient, net-zero economy. (See below for a list of the members of the SMI task force).

The global insurance industry has a critical role to play as a result of its unique view of the climate crisis – via decades “of providing support to communities, businesses and economies in the face of increasingly severe and frequent weather events…,” said Lloyd’s in a statement.

insurance task force

The SMI Insurance Task Force published its Statement of Intent, which commits to provide climate positive financing and risk management solutions to support and encourage individuals and businesses around the world to accelerate their transition to a sustainable future.

These actions include adapting and expanding coverage for offshore wind projects in response to rapid growth and new technologies, alongside the implementation of “build back better” claims clauses in home insurance policies to encourage customers to rebuild sustainably.

The SMI Insurance Task Force will also work with governments to establish a public-private disaster resilience, response and recovery framework, which will help protect developing nations from the evolving economic and societal impacts of climate change.

To support the rapid growth of green projects and innovation, the SMI Insurance Task Force will develop a framework to help unlock the more than $30 trillion in assets under management, increasingly directing capital towards investments that drive climate-positive outcomes in both developed and developing nations.

“The insurance industry is exceptionally well placed to understand the impact of climate change and the damage it can cause to us all if we don’t take action now,” commented HRH the Prince of Wales. “This is why I am so pleased that a large number of the world’s leading insurance companies have joined together to identify how the insurance industry can help put Nature, People and the Planet at the heart of our entire economy.”

Lloyd’s Chairman Bruce Carnegie-Brown added: “As the world begins to recover from a pandemic that has caused significant and far-reaching financial and societal challenges, it does so with an opportunity to build back with sustainability as a foundation and guiding principle. Although climate change poses unprecedented systemic risk, it is one which – through partnership and accelerated action – we have the means to address. As a task force, we are making a resolute commitment to be a catalyst for action to help create a more sustainable future through the risks we manage and the capital we invest.”

During the visit by Prince Charles, the Lloyd’s Lutine Bell rang twice to mark “the new and significant global insurance industry commitment to drive climate positive action,” through a number of key initiatives for commercial and individual customers.

The Lutine Bell has traditionally been struck on the news of an overdue ship — once for the ship’s loss (or for bad news), and twice for the ship’s return (or good news). The bell more recently has been rung to mark special occasions. In 1858, the bell was recovered from the HMS Lutine, a ship that sank in 1799 off the Dutch coast.

The SMI Insurance Task Force’s members are:

  • AIG: Peter Zaffino, president and CEO
  • Allianz: Oliver Bäte, CEO
  • Amwins: Scott Purviance, CEO
  • Aon: Greg Case, CEO
  • Ascot: Andrew Brooks, CEO
  • AXA: Sean McGovern, CEO AXA XL
  • Beazley: Adrian Cox, CEO
  • Conduit Re: Neil Eckert, executive chairman
  • Direct Line Group: Penny James, CEO
  • Hiscox: Bronek Masojada, CEO
  • Howden Group: David Howden, CEO
  • Legal & General: Nigel Wilson, CEO
  • Lloyd’s: John Neal, CEO
  • Marsh McLennan: Dan Glaser, president and CEO
  • Munich Re: Joachim Wenning, CEO
  • Phoenix: Andy Briggs, group CEO
  • Tokio Marine Kiln: Brad Irick, CEO

Topics New Markets Market Climate Change

Was this article valuable?

Thank you! Please tell us what we can do to improve this article.

Thank you! % of people found this article valuable. Please tell us what you liked about it.

Here are more articles you may enjoy.

insurance task force

Interested in Climate Change ?

Get automatic alerts for this topic.

  • Categories: International & Reinsurance News Topics: Climate Change , climate change resilience , global warming , HRH Charles Prince of Wales , Lloyd's
  • Have a hot lead? Email us at [email protected]

Insurance Jobs

  • Commercial Lines Account Manager – Insurance – REMOTE - Fort Collins, CO
  • Commercial Lines Account Manager – Insurance – REMOTE - Lewiston, ME
  • Healthcare Financial/Actuarial Associate - Charlotte, NC
  • Personal Lines Account Manager – Insurance – REMOTE - Cambridge, MA
  • Commercial Lines Account Manager – Insurance – REMOTE - Arvada, CO

MyNewMarkets

  • NCCI: Wage Growth Likely to Continue Workers Comp Payroll Growth
  • Do Regulators, Insureds and Agents Understand How Reciprocal Carriers and Some New MGAs Work?
  • A Deep Dive into the Diligent Effort (Search) Requirement
  • A Woman's Place Is in the Construction Insurance Space
  • An Apprenticeship

Claims Journal

  • West Texas Has More Fatal Crashes Than State Average, Report Finds
  • February Tornadoes in Wisconsin Caused $2.4M in Damage
  • Alfa Insurance Did Not Discriminate Against Worker with MS, Appeals Court Finds
  • Fubo Sues Fox, Warner Bros, Disney Over Sports Streaming
  • NYC Walloped by Fast-Moving Snow Storm That Surpasses Forecasts

Academy of Insurance education

  • February 20 The E&O of E&S: Avoiding the Pitfalls of the Surplus Market
  • February 22 Emerging E&O Risks for Agencies
  • February 29 Making Sense of It All: Reading Insurance Policies
  • March 7 Blockchain 101: How Smart Contract Impact The Insurance Professional

United Nations Capital Development Fund and Sustainable Markets Initiative Insurance Task Force partner to scale insurance access for climate-vulnerable countries

20 Sep 2023

Lloyd’s, the world’s leading marketplace for insurance and reinsurance, on behalf of the Sustainable Markets Initiative’s Insurance Task Force, today announces a partnership with the United Nations Capital Development Fund (UNCDF) to scale insurance access for climate-vulnerable countries.

By signing of a Memorandum of Understanding (MOU), the partnership will involve all parties collaborating to design innovative insurance products that will deliver financial resilience against climate shocks in Small Island Developing States (SIDS) and Least Developed Countries (LDCs).

Initially focussing on building and scaling solutions across Fiji and the Pacific Islands, the partnership will also seek to replicate the model in other regions, including Asia and parts of Africa.

The UNCDF and Lloyd’s will also promote Public-Private Partnerships in these regions, with the aim of closing the protection gap, and ensuring the knowledge gained from these actives is shared with key national, regional, and international stakeholders (including policymaking think-tanks, United Nations agencies, and academic research institutions).

“Insurance can serve as a powerful tool, not only in support of climate resilience, but also to secure the delivery of the Sustainable Development Agenda in the world’s most vulnerable countries. To deliver on this promise, we will need innovation and collaboration. The SMI as well as the partnership we are entering into today deeply reflects both of these elements.”
“Insurance has a vital role to play in building resilience against climate-related risks. This partnership with the UNCDF underpins the Sustainable Markets Initiative’s mission to develop a coordinated global effort to mitigate climate and natural catastrophe risks as we progress towards a more sustainable future.”

As Chair of the Insurance Task Force, Lloyd’s will collaborate with the UNCDF to identify and address potential policymaking challenges hindering the development of climate risk insurance in developing markets, as well as promoting best practice initiatives for SID and LDC policymakers to best mitigate climate catastrophe risks.

The partnership signifies a joint ambition to advance and expand access to insurance products between Fiji and the rest of the Pacific (through so-called South-South), and between wider Northern and Southern Hemisphere countries, under the UNCDF Global Shield Coordination hub’s ‘North-South’. This ambition follows on from the successful launch by the Sustainable Markets Initiative Insurance Task Force of the Disaster Resilience Framework for Climate-Vulnerable Countries by the Sustainable Markets Initiative Insurance Task Force at COP26.

Notes to Editors

  • Collaborate in developing and deepening the understanding of the policy challenges related to climate & disaster risk insurance.
  • Collaborate in gathering and monitoring global trends and best practices of private and public sector initiatives on micro insurance and climate risk insurance in climate vulnerable countries.
  • Collaborate in promoting best practices guidelines for the inclusive insurance industry and deepen South-South as well as North-South cooperation.
  • Collaborate in generating evidence and sharing knowledge with national and global stakeholders, including policymakers through events, webinars and participation in conferences.
  • Co-publication of blogs, case studies and policy briefs.
  • Promote public private partnerships to close the protection gap in line with the Sustainable Development Goals.
  • The two parties will work towards creating joint programme under this MoU, details of which will be finalised using the appropriate collaboration format.

Enquiries to:

About uncdf.

The UN Capital Development Fund (UNCDF) is the United Nations' flagship catalytic financing entity for the world’s 46 Least Developed Countries (LDCs). With its unique capital mandate and focus on the LDCs, UNCDF works to invest and catalyse capital to support these countries in achieving the sustainable growth and inclusiveness envisioned by the 2030 Agenda for Sustainable Development and the Doha Programme of Action for the least developed countries, 2022–2031.  

About the Sustainable Markets Initiative (SMI)

His Majesty King Charles III, as the Prince of Wales, launched the Sustainable Markets Initiative at Davos in January 2020. The Sustainable Markets Initiative is a network of global, private sector CEOs across industries working together to build prosperous and sustainable economies that generate long-term value through the balanced integration of natural, social, human, and financial capital. These global CEOs are a ‘Coalition of the Willing’ helping to lead their industries onto a more ambitious, accelerated, and sustainable trajectory.

About Lloyd’s

Lloyd’s is the world’s leading marketplace for insurance and reinsurance. Through the collective intelligence and expertise of the market’s underwriters and brokers, we’re sharing risk to create a braver world.

The Lloyd’s market offers the resources, capability, and insight to develop new and innovative products for customers in any industry, on any scale, in more than 200 territories.

We’re made up of more than 50 leading insurance companies, over 200 registered Lloyd’s brokers and a global network of over 4,000 local coverholders. Behind the Lloyd’s market is the Corporation: an independent organisation and regulator working to maintain the market's successful reputation and operation.

We’re working to build solutions for the most current and prevalent threats. As Chair of the Insurance Task Force for HM King Charles III’s Sustainable Markets Initiative, Lloyd’s is bringing the industry together to insure the transition to net zero. Our research community is pooling expertise from across the industry to provide cutting edge insight on systemic risks from climate change to cyber security.

And through our digital-led strategy, The Future at Lloyd’s , we’re making it easier and cheaper to place, price and process cover in the Lloyd’s market.

  • Show more sharing options
  • Copy Link URL Copied!

Prince of Wales launches Insurance Task Force to tackle climate change

lloyds-building.jpg

Prince Charles has visited Lloyd’s today to launch his Sustainable Markets Initiative (SMI) Insurance Task Force, bringing together (re)insurance industry executives to work towards building a net-zero economy.

Executives including AIG CEO Peter Zaffino, Aon CEO Greg Case and Munich Re CEO Joachim Wenning have joined the task force, which was convened by the Prince of Wales and chaired by Lloyd’s.

Login to continue

Please enter your email address below.

Opening your single sign-on provider...

Questions about your access? Refer to our FAQs for answers or appropriate contacts

Uncover exclusive insights tailored for insurance leaders

  • Stay Informed: Access exclusive industry insights
  • Gain a competitive advantage: Hear first about tactical developments
  • Make better decisions: Understand market dynamics in crucial lines of business

Catrin-Shi_220-180.png

As a premium subscriber, you can gift this article for free

You have reached the limit for gifting for this month

There was an error processing the request. Please try again later.

California Legislative Action Committee - CAI-CLAC

An Update from the Wildfire Insurance Task Force

Mar 15, 2023 | HOA Trends , New Legislation | 0 comments

If you’re wondering what CAI-CLAC’s Wildfire Insurance Task Force has been up to over the last two years, here is a summary of our efforts on behalf of California community associations and where we currently stand.

The Wildfire Insurance Task Force of CAI’s California Legislative Action Committee has been actively advocating to state legislators, the California Department of Insurance (CDI), and the California FAIR Plan (CFP) that urgent change is needed to address the wildfire insurance crisis, specifically with respect to California community associations.

Here is an overview of our efforts and the hurdles we’ve encountered – which will partially explain why change has been so slow and may yet take some time:

  • We began by educating the various parties that community associations purchase commercial insurance – as virtually all past efforts of state-level agencies (like the CDI and CFP) have been focused solely on individual homeowners’ policies ( personal insurance). While these are important and appreciated, more is needed to provide relief to the 14 million+ California homeowners who live in HOAs and condos. The California Department of Insurance (CDI) has acknowledged this distinction and is now aware of it, but we need to continue to educate our legislators about this nuance, because many of the draft bills we see are still focused exclusively on personal/ homeowner’s insurance.
  • The California FAIR Plan (CFP) was created to be a “market of last resort” for homes and businesses unable to obtain insurance elsewhere, but the program’s lack of transparency, clarity, and coverage options for community associations (which do not fall neatly into either the “home” or “business” category) are hindering that mission when it comes to common interest The Task Force testified about this at a hearing in July 2022 and submitted detailed, technical suggestions at that time regarding how these issues could be improved by the CFP.
  • We’re all aware that the catastrophic nature of the wildfire peril has caused a mass exodus of insurers from the marketplace; very few companies remain available to write ANY coverage in California’s wildfire-exposed areas. Similar to hurricanes, floods, and earthquakes, wildfire has become a cause of loss, which the standard insurance market is unable to adequately underwrite or price. However, current regulation prohibits standard insurers from excluding wildfire or even applying different deductibles, limits, or other terms or conditions to coverage for that peril. We do not even have a standardized definition of “wildfire” in the insurance industry at this time. (A member of the Task Force addressed the Insurance Services Office (ISO) about this at their annual conference in early November, but they are unwilling to move forward on it until there is a reasonable pathway cleared with regulators for it to be useful.) Insurance companies are subject to strict solvency regulations, and if they are (a) unable to obtain adequate premium for the catastrophic loss potential associated with wildfire, and (b) legally prevented from reducing their risk by limiting coverage for wildfire, then the insurance options available to owners in these locations will continue to erode.
  • In October 2022, California Insurance Commissioner Lara enacted a new regulation (“Safer From Wildfires”) requiring insurance companies to recognize mitigation efforts and provide discounts for these. This regulation applies to both personal and commercial insurance and was intended to assist community associations as well as individual homeowners, but there are some technical issues with the rule’s language that will prevent it from being much help to associations. This said, it’s still a great step for homeowners, and we’re thankful for it.

The Task Force is working to compile an up-to-date handout with talking points for homeowners to reference as they contact their legislators and the California Department of Insurance. We are planning to host a (Virtual) Town Hall after Advocacy Week in April where we will review these talking points and answer questions about them.

If you haven’t already done so, we urge you to take a moment to sign up for CAI-CLAC email updates to stay informed. You can also follow us on  LinkedIn ,  Facebook ,  Twitter  and  YouTube  for real-time updates on legislative news, resources, event updates, or legislative action.

Thank you for your support of CAI-CLAC and for your interest in the progress of our Wildfire Insurance Task Force. We are motivated to find sustainable solutions to this crisis, as we recognize the untenable burden it has created for so many California communities, and we’re grateful for your partnership in these efforts.

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)

Submit a Comment Cancel reply

You must be logged in to post a comment.

Recent Posts

  • Did Something Change in the California Insurance Market?
  • Confessions of a CAI-CLAC First-Timer
  • Ongoing Discussions with CA CDI to Address Wildfire Implications

Taskforce

We build dedicated teams of insurance professionals to improve your processes and reduce your administrative workload. Let your account managers and agents focus on serving your clients while we take care of the rest.

Scalability

Highly educated professionals, direct line of communication, low turnover, policy services.

  • Endorsement Checking
  • Insurance Policy Checking
  • Policy Delivery
  • Renewal Processing
  • Cancellation warning notices
  • Change request

Benefit Services

  • Census input and updating
  • Medical audit
  • Small group quoting
  • Adds / deletes
  • Document retrieval
  • Cobra Enrollment
  • Application scrubbing

Customer Services

  • Prospect and market research
  • Lead Generation Services
  • Inbound Service centers
  • Customer / Carrier Outreach

Claim Services

  • Loss run ordering
  • Experience modification calculation
  • Claim tracking
  • Premium loss summaries
  • Claim inputting

General Data Entry

  • Applications
  • Certificates
  • New Business data entry
  • Quoting and proposals
  • New producer book conversion
  • Acquisition integration
  • Professional license verification

MGA & Wholesale Services

  • Submission data entry and clearance
  • Risk evaluation
  • Quote and summary preparation
  • Broker invoicing
  • Policy binding
  • Policy stamping
  • Policy issuance Inspection ordering
  • Audit ordering and billing
  • NoC and reinstatement
  • ExMod reports and projections

Accounting & Billing

  • Direct bill invoicing
  • Statement reconciliation
  • Internet payment reconciliation
  • Expense report tracking

If you want to find out more about our Insurance department, please download the brochure below. You can also contact us directly, we would be happy to schedule a call in your earliest convenience.

Insurance Services Brochure

insurance task force

Taskforce BPO 6513 Kingston Pike  STE 201 Knoxville, TN

  • Attend a Board Meeting
  • Join a Committee or Task Force
  • Policy and Professional Advocacy Committee
  • Education Committee
  • Membership Committee
  • Justice, Equity, Diversity, and Inclusion Committee (JEDI)
  • Supervision Task Force

Insurance Task Force

  • Account Dashboard
  • Cancel My Account
  • Privacy Policy
  • Find a Clinician
  • Find a Clinical Supervisor
  • Requirements of Supervision

WMHCA

Task Force Contact Information

Meg Curtain Rey-Bear MA, LMHC, NCC

Meeting Information

Coming Soon

Task Force Purpose

The mission of this task force is focused around creating transparency and increasing knowledge regarding Mental Health Insurance credentialing, contracting, and billing. Currently we are working on the development of an Insurance Usage and Satisfaction Survey for practicing clinicians with questions intended to help us develop Rating Score Cards for Insurance Companies that will be accessible to the general clinical population; the development of a Navigating Insurance Company Credentialing, Contracting and Billing Resource List; and the development of a more active relationship with the Office of the Insurance Commission.

Other Projects or Information

Insurance Score card Survey

The Insurance Report Card Survey is seeking input regarding your experiences working with healthcare insurance, in the areas of: credentialing, contracting, patient benefits, the benefits verification process, claims and claims processing, reimbursements and reimbursement rates, as well as overall provider relations. Whether you direct bill, don’t bill at all, work for an organization that bills for you, or contract with a private biller, whether you are a provider or an administrator working for providers, your input and experiences are invaluable.

If you don't work with insurance companies please still answer just a few questions for us about why that is.

Everyone please complete this short survey whether or not you have ever taken insurance:

Please take this survey if you have ever taken any of these: TriCare/TriWest, Molina Medicaid, Molina Marketplace, Amerigroup, Community Health Plan, and Coordinated Care. 

You may stop the survey and return to it and any time.

Task Force Goals and Updates

Stanford University

SHP Logo

Stanford Health Policy is a joint effort of the Freeman Spogli Institute for International Studies and the Stanford School of Medicine

California Managed Health Care Improvement Task Force

  • Sara J. Singer ,
  • Alain C. Enthoven

Signs of a managed care backlash in California are increasing. This paper reports and interprets the recently completed work of the California Managed Health Care Improvement Task Force, focusing on the managed care backlash and the state's regulatory response. Although cost containment was a contributing factor, the causes of and solutions to the backlash differ among consumers, physicians, health care workers, politicians, and health plans. The recommendations of the task force could improve the market for health insurance. However, lasting solutions to the profound problems causing the backlash will require fundamental cultural and systemic change.

PA Launches Flood Insurance Task Force

Move follows a year of 147 costly and deadly floods in the state..

Evelyn Pimplaskar

10+ years in insurance and personal finance content

30+ years in media, PR, and content creation

Evelyn leads Insurify’s content team. She’s passionate about creating empowering content to help people transform their financial lives and make sound insurance-buying decisions.

Read Editorial Guidelines

Featured in

John Leach

Licensed property and casualty insurance agent

8+ years editing experience

John leads Insurify’s copy desk, helping ensure the accuracy and readability of Insurify’s content. He’s a licensed agent specializing in home and car insurance topics.

Published December 4, 2023 at 4:00 PM PST | Reading time: 2 minutes

insurance task force

At Insurify, our goal is to help customers compare insurance products and find the best policy for them. We strive to provide open, honest, and unbiased information about the insurance products and services we review. Our hard-working team of data analysts, insurance experts, insurance agents, editors and writers, has put in thousands of hours of research to create the content found on our site.

We do receive compensation when a sale or referral occurs from many of the insurance providers and marketing partners on our site. That may impact which products we display and where they appear on our site. But it does not influence our meticulously researched editorial content, what we write about, or any reviews or recommendations we may make. We do not guarantee favorable reviews or any coverage at all in exchange for compensation.

Table of contents

  • 2023 floods
  • What's next

Table of contents Compare quotes

A new Flood Insurance Premium Task Force in Pennsylvania will look for ways to make flood insurance more affordable and accessible in the Keystone State, Gov. Josh Shapiro’s office announced.

Pennsylvania’s state government has created a Flood Insurance Premium Task Force charged with recommending tactics to make flood insurance more affordable and expand access to flood coverage in the Keystone State, Gov. Josh Shapiro’s office announced.

“The task force … will bring together leaders from my administration and the legislature to closely review the needs of our communities who are at an increased risk of flooding,” Shapiro said in a press release announcing the task force. “They’ll identify the kinds of programs that would make sure flood insurance is accessible and affordable for the Pennsylvanians who need it and recommend the best courses of action our Commonwealth can take to help increase the number of Pennsylvanians protected by flood insurance.”

2023 flooding in Pennsylvania

Commonwealth communities weathered 147 floods or flash floods in 2023 — a 153% increase over 2022’s number of floods, according to National Centers for Environmental Information data. Seven people died in a flash flood that swept through Bucks County on July 15, 2023.

Even though most homeowners policies don’t cover flooding, an area’s risk of weather hazards directly affects the cost of home insurance. While the majority of Pennsylvanians in flood-prone areas can buy flood insurance through the National Flood Insurance Program (NFIP), some may need to turn to private flood insurance for additional protection.

Flood insurance costs

The average annual cost of an NFIP policy in Pennsylvania is currently $1,075, according to Federal Emergency Management Agency data. That average will likely rise to around $2,060 as the NFIP gradually moves toward risk-based pricing.

Federal law controls NFIP premiums, holding them below market rates and limiting their rise to no more than 18% per year for most homeowners. However, recent changes in how NFIP calculates premiums and in federal flood zones may mean more Pennsylvanians will be seeking flood insurance.

“FEMA’s revised flood maps now require more Pennsylvania properties to hold flood insurance, and many owners are struggling to meet that requirement,” Insurance Commissioner Michael Humphreys said.

The NFIP wrote 45,322 policies in Pennsylvania in 2023, with total written premiums topping $55.5 million. The program paid out $923,034 for Pennsylvanians’ claims so far this year, FEMA data shows.

Homeowners struggling with the cost of an NFIP policy may consider private flood insurance. But it can be difficult to predict whether private insurance will be cheaper than an NFIP policy. The Pennsylvania Insurance Department notes that homeowners who move from an NFIP policy to private flood insurance and then decide to go back to an NFIP policy may face significant premium increases.

What’s next

As climate change causes more severe and frequent storms, flooding, and flash floods, home and flood insurance costs continue to rise in many areas across the country. For affected homeowners, forgoing flood insurance won’t be an option. Federal law requires homes in FEMA-designated flood zones to be covered by flood insurance, and not carrying it could cause problems with mortgage companies.

Pennsylvanians interested in learning about private flood insurance options can find information and a listing of licensed insurers on the Pennsylvania Insurance Department website .

Related articles

  • NY, NJ Home Sellers and Landlords Must Now Disclose Flood Risks
  • Government Shutdown Could Stall Home Purchases
  • Healthy competition: Ranking the 25 largest home insurers in the US
  • Home Insurance Prices to Increase 9% in 2023

Evelyn Pimplaskar

Evelyn Pimplaskar is Insurify’s director of content. With 30-plus years in content creation – including 10 years specializing in personal finance – Evelyn’s done everything from covering volatile local elections as a beat reporter to building fintech content libraries from the ground up.

Before joining Insurify, she was editor-in-chief at Credible, where she launched and developed the lending marketplace’s media partnership’s content initiative and managed the restructuring of the editorial team to enhance content production efficiency. Formerly, as tax editor for Credit Karma, Evelyn built a library of more than 300 educational articles on federal and state taxes, achieving triple-digit year-over-year growth in e-files from organic search.

Her early career included work as a content marketer, vice president and managing officer of a boutique public relations agency, chief copy editor for 14 weekly Forbes publications, reporting for large and mid-sized daily newspapers, and freelancing for the Associated Press.

Evelyn is passionate about creating personal finance content that distills complex topics into relatable, easy-to-understand stories. She believes great content helps empower readers with the information they need to make important personal finance decisions.

insurance task force

About the author

The Agency Forward editorial team is comprised of a diverse group of thought leaders and contributors across Nationwide P&C as well as many others who provide support behind the scenes.

Other articles by this author

  • Meet all our contributors

Transforming the insurance industry: Top technology trends and opportunities for 2024

As the 2024 calendar advances, you face a rapidly evolving landscape driven by technological advancements, industry and market challenges alongside changing customer expectations.

To help navigate opportunities to enhance your technology strategy, Agency Forward reached out to experienced industry professionals to share insights on what’s ahead for technology in the industry. Our panel includes:

  • Kasey Ketcham, Sr. AVP Digital Enablement, Nationwide
  • Paul Meagher, Principal, Meagher Insurance & Financial
  • Jason Walker, President of Agency Revolution

Images of the panelists.

AI and its impact to the industry was a huge conversation in 2023. How do you think agents will use AI in the coming year?

Kasey Ketcham: AI accelerated to the top of the hype curve in 2023 on the heels of ChatGPT, and perhaps rightfully so as use cases and applications of such a capability can be easily contemplated. While AI will most likely revolutionize many industries, including insurance, a number of hurdles will first have to be overcome for scalability, especially in the insurance industry, such as governance, traceability, and data security. That said, I would foresee early AI applications taking hold that may not be hindered by such hurdles, such as agency marketing and cross-sell/upsell recommendations, wherein the agent can continue to oversee key decisions and recommendations but in a more insightful and expedient nature.

Paul Meagher: In 2024 and beyond, insurance agents will utilize the power of AI in multiple ways. Website chatbots will efficiently manage common customer queries and quote requests. AI’s role will extend to enhancing customer satisfaction and retention, empowering agents to evaluate their portfolios, identifying areas for improvement, and discovering opportunities that can positively impact their clients.

Jason Walker: AI is set to make things more efficient, personalized and interactive. Agents will use AI to supplement manual tasks related to marketing, sales and service communications.

  • Content Creation: We all know that coming up with fresh, engaging content is no easy task. Through simple prompts that an agent enters into any number of AI tools, AI can produce content to use across different forms of media (i.e., social, email, text) and use the agent’s intent to incorporate what resonates with their audience.
  • Web and mobile chat: AI-powered chatbots are can mimic helpful sales assistants who know just what you need, and text integration means they can reach clients wherever they are.
  • Client service: AI can tap into online knowledge bases (i.e., CRM, learning management systems, etc.) specific to the agency and provide general information and answer straightforward questions. For more complex issues, AI can direct customers to agents and ensure that the advice given is always compliant.

Read more: How AI is transforming the insurance industry

The past few years have led to several challenges that have led to the current hard market. This has created challenges approach to client service and relationships has changed. How do you see that continuing in the coming year?

Kasey Ketcham: There are two components that emerge in my mind. The first is the persistent hard market which has necessitated a change in client services and relationships, as more time and focus is required through the renewal and placement cycle. I don’t see this changing as the hard market headwinds, such as weather and social inflation, seem persistent. That said, I do see greater digitalization occurring for agents, clients, and carriers in the renewal and placement cycles, such that the agent and client can move through this cycle with greater speed (automation of decisioning), ease (self-servicing where applicable), and reassurance (transparency and communication).

Paul Meagher: Our clients remain our utmost business priority. Technology plays a pivotal role in improving our communication capabilities, allowing us to interact with clients according to their preferences, be it through calls, texts, emails, teleconferences or in-person meetings. We expect upcoming technologies to enhance our ability to provide personalized and accessible service to our clients in the future.

Jason Walker: The focus will further accelerate deepening relationships with existing clients. With tougher market conditions that lead to sharpening a pencil on underwriting qualifications, it’s a smart move to retain and expand wallet share rather than trying to rely heavily on new prospects. It’s all about maximizing the value of each client relationship.

One of the ways to achieve this is through marketing automation tied to data in the agency management system (AMS). This means sending out timely and relevant messages based on where the clients are in their journey. It’s like having a personal assistant who knows exactly what each client needs at any given time and can communicate this effectively.

Another approach is to provide educational and suggestive content. This could be through creative web interfaces that encourage online interaction. Imagine a client wondering, “What else should I consider covering?” and the agency website provides them with suggestions based on their coverage needs. It’s a proactive way of engaging clients and demonstrating value.

Demonstrating value and knowing that value is realized requires constant measurement. It’s crucial to measure client sentiment. By understanding the pulse of the agency’s clients, agents can adapt strategies and services to meet client expectations and enhance satisfaction.

Finally, providing access to self-service applications is expected to continue. These applications empower clients to access important documentation, understand their coverages, update their risk profile and make requests at their convenience. It’s like having a 24/7 customer service desk but without the wait.

Watch the webinar: Marketing Opportunities for Independent Agents in a Hard Market

For new talent in the industry, what technologies do you think they should spend the most time learning and becoming an expert?

Kasey Ketcham: It is critical that talent entering the industry understand the core business elements – who is the customer, what is the product/service, how is it distributed and managed, and the associated economics across the value chain. Insurance is a highly regulated industry, but technology will continue to play a critical role through automation and augmentation. Robotic Processing Automation has been a long-standing tool leveraged to reduce tasks and cycle times, but the emergence of large language models and generative AI can enhance the value proposition through augmented advice and decisioning.

Paul Meagher: At the agency level, I recommend that new agents prioritize building expertise in SEO, data analytics, Customer Relationship Management (CRM) software, digital platforms and automation. This focus not only positions agents to navigate the evolving landscape of the insurance industry but also ensures they are equipped with essential skills needed to thrive in a tech-driven market.

Jason Walker: First and foremost, it’s all about finding ways to eliminate mundane tasks. Let’s face it, no one wants to spend their day doing repetitive tasks that a machine could handle. That’s where automation comes in. By automating routine tasks, new talent can free up their time to focus on more strategic and rewarding aspects of their work.

Many of the core technologies with which new talent must develop familiarity include automation. The agency management system (AMS) is crucial for capturing and storing client and policy data and syncing with complementary third-party tools that manage the marketing, sales and client experiences. Integrated platforms for marketing automation, texting, reputation management, sales and service pipeline activities and website content management play a unique role in enhancing client interactions and satisfaction. Understanding how to use them effectively can give new talent a significant edge.

Read more: Managing agent appointments 

What trends do you see gaining momentum going into 2024?

Kasey Ketcham: In 2024, I see continued pressure on loss costs, carrier profitability, and evolving product solutions (including terms, conditions, and limits) across standard and non-standard. Given the expectations of the customer, and the advisory capacity of the agent, I believe the “omni-channel agency” will grow in 2024. The “omni-channel agency” is an agency that embraces and deploys the use of digital tools, portals, and automation to elevate the discipline of risk management on behalf of their clients and the customer experience through preferred communication channels. For example, the agency can leverage digital forms for the renewal cycle that the customer can complete and submit automatically, to ensure all risk attributes are accurate and the placement of that customer with a carrier product adequately manages the customers risks.

Paul Meagher: In 2024, I anticipate a continued decline in Trade Combined Ratios (TCR) influenced by an increased emphasis on predicting and preventing claims, shifting away from the traditional approach of detecting and repairing.

Jason Walker: We’re likely to witness a greater uniformity in core solutions across the agency channel—due to mergers and acquisitions, new agency partnerships and an appetite for tightly integrated solutions. Think of it as a way to standardize best practices and technologies, which can help streamline operations and enhance client service.

2024 is set to be a year of consolidation, AI integration, enhanced client engagement and value-driven service, all underpinned by mature and efficient technology. It’s an exciting time to be in the industry, and those who can ride these trends are likely to thrive.

Read more: Translating emerging tech into practical applications 

About our panelists

Kasey Ketcham is an accomplished executive at Nationwide Insurance, one of the largest insurance and financial services companies in the United States. With 19 years of experience in the insurance industry, Kasey brings a wealth of knowledge and success to his role as Senior Associate Vice President of Digital Enablement.

Paul Meagher is President of Meagher Insurance & Financial , an agency serving Pennsylvania since 1938. At Meagher Insurance Agency, their main goal is the make the process as easy, educational, and enjoyable as possible, with personalized and authentic advice from an experienced agent, who goes to bat for customers, and does the right thing every day. Paul is an active member of the community, serving on the Boards of Directors of the Wayne County Planning Commission, the Greater Honesdale Partnership, and the Wayne Woodlands Manor Nursing Home.

Jason Walker is the President of Agency Revolution (AR), which offers insurance agencies turnkey digital marketing, sales and service solutions to achieve operational efficiency and profitable growth. The AR suite includes websites, sales and service pipelines, marketing automation, texting and online review and reputation management. AR has integrated with the leading third-party agency management systems (AMS) and customer relationship management (CRM) technologies to ensure timely, relevant and personalized communications around the insured’s journey.

Related articles

Navigating technology: translating emerging tech into practical applications.

Exploring internet of things, the metaverse, artificial intelligence and machine learning.  

Navigating the metaverse and its applications in the P&C industry

Understand its potential to reshape the commercial P&C insurance industry and how to thoughtfully navigate risks.  

Navigating technology: Emerging data opportunities for tech-enabled insurance agencies

The next wave of data opportunities to operate as a tech-enabled independent insurance agency.  

insurance task force

Search NAIC

Recommended.

  • Health Insurance and Managed Care (B) Committee
  • Consumer Information (B) Subgroup
  • Health Actuarial (B) Task Force
  • Health Innovations (B) Working Group
  • Long-Term Care Actuarial (B) Working Group
  • Regulatory Framework (B) Task Force
  • Accident and Sickness Insurance Minimum Standards (B) Subgroup
  • Employee Retirement Income Security Act (ERISA) (B) Working Group
  • Mental Health Parity and Addiction Equity Act (MHPAEA) (B) Working Group
  • Pharmacy Benefit Manager Regulatory Issues (B) Subgroup
  • Senior Issues (B) Task Force

2024 Membership

The mission of the Health Actuarial (B) Task Force is to identify, investigate, and develop solutions to actuarial problems in the health insurance industry.

2024 Adopted Charges

Ongoing Support of NAIC Programs, Products or Services

  • Provide recommendations, as appropriate, to address issues and provide actuarial assistance and commentary with respect to model requirements for appropriate long-term care insurance (LTCI) rates, rating practices, and rate changes.
  • Provide support for issues related to implementation of, and/or changes to, the federal Affordable Care Act (ACA).
  • Continue to develop health insurance reserving requirements (VM-25, Health Insurance Reserves Minimum Reserve Requirements) using a principle-based reserving (PBR) framework.
  • Develop LTCI experience reporting requirements in VM-50, Experience Reporting Requirements, and VM-51, Experience Reporting Formats, of the  Valuation Manual .
  • Provide recommendations, as appropriate, to address issues and provide actuarial assistance and commentary to other NAIC groups relative to their work on health actuarial matters.
  • Coordinate with the Long-Term Care Insurance (B) Task Force on LTCI recommendations of the Long-Term Care Actuarial (B) Working Group.

NAIC Support Staff: Eric King

  • Meeting Materials
  • Exposure Drafts

Public Conference Call Tuesday, February 20, 2024 12:00 PM ET, 11:00 AM CT, 10:00 AM MT, 9:00 AM PT Expected Length of Call: 1 hr Webex Link

•            Consider adoption of the Task Force’s 2023 Fall National Meeting minutes

•            Consider adoption of a modification to AG 51

•            Discuss an Academy/SOA 2013 Individual Disability Income Valuation Table update proposal

•            Discuss an SOA VM 26 credit disability valuation update proposal

  • AG 51 Modification from HRBCWG
  • HATF Minutes 11.30.2023
  • 2023 Credit Disability Study Report _Final
  • Amendment Proposal Form
  • Credit Disability Reserve Standards Proposal

Health Actuarial (B) Task Force Thursday, November 30, 2023 2:30 PM - 4:00 PM ET

Floridian Ballroom J-L - Level 1 - Bonnet Creek

There are no exposure drafts at this time.

Actuarial Resources for Examining the Impact of COVID-19 on 2021 ACA Rating

ACA 2021 COVID-19 Rate Review Guideline

Committee and Task Force Minutes PDFs will be posted to the Interactive Agenda Approx. 10 days after the conclusion of a National Meeting. They are posted to the interactive agenda for each meeting tab on the  meetings page . The  Proceedings of the NAIC  are made available after the minutes are adopted at each subsequent meeting and may be accessed via the  NAIC Publications page .

Annual and Quarterly Statement Blanks

Annual and Quarterly Statement Instructions

Compendium of State Laws on Insurance Topics

Life and Health Actuarial Subscription

Model Laws, Regulations and Guidelines

Media Inquiries (816) 783-8909 [email protected]

Eric King Health Actuary 816-783-8234

Please see the current Committee List for a complete list of committee members.

FOX5 digs into why Nevadans pay some of the highest car insurance rates in the country

LAS VEGAS, Nev. (FOX5) -It is a triple whammy for Nevadans, as people are getting hammered by higher electricity and natural gas bills and can add car insurance rates to that list.

“Nevadans are getting drilled every time we turn around. Electric, natural gas, car insurance premiums, drilled. One, two and three,” said Karen Kreider-Phillips, who lives in Henderson.

Kreider-Phillips says she gets a good driver discount but still saw her rates go up about $40 per month, which can be a lot to many people.

“I had to sit down and really think, ‘Do I go to CVS and pick up my medicine? Or do I go to the grocery for food?’” said Kreider-Phillips.

Kreider-Phillips wants to know why rates are handed down across the board, especially with her clean driving record. FOX5 asked the Nevada Insurance Commissioner, Scott Kipper, why rates go up, even for those with no tickets or accidents.

“That’s the nature of insurance, which is pooling of risk for the greater good,” said Kipper.

One of the main reasons for higher rates includes the number and severity of crashes in Nevada.

“Unfortunately, Clark County, because it’s grown so fast, and is in a relatively compact space, you’ve got more drivers, driving more. The freeway system, and certainly the level of construction that’s going on down there, is contributing to the high cost of insurance as well,” said Kipper.

State Farm Insurance echoed some of what Commissioner Kipper mentioned.

“Coming out of the pandemic there has been an increase in the frequency and severity of auto claims. On top of that, auto claim costs are being compounded by inflation and supply chain disruptions. All of this has increased the cost of labor and materials, which translates to higher auto repair costs,” State Farm said in a Statement to FOX5.

During a webinar in Nevada last fall, which focused on rising Nevada auto insurance rates, a group that represents insurers said inflation was a cause of higher rates, saying it was the highest it’s been in four decades and auto replacement costs went up three times inflation.

The state approved some double-digit percent increases for some insurance companies, but says it wasn’t done without rigorous discussion to make sure rates weren’t excessive and were supported by data. Nevada Insurance Division officials said some of those companies that received approvals for rate increases showed underwriting losses in the state, big losses in some cases.

Commissioner Kipper responded to our question about him asking insurance companies to hold the line with rate increases.

“Then they’ll turn around and say but look at our expenses. Our expenses are greater than the dollars that we’re charging,” said Kipper.

The state says people can do several things to try and lower their insurance rates, including shopping around with the nearly 130 companies that wrote auto insurance policies in the Nevada in 2023. People can bundle other insurance with car insurance. Some insurance companies will lower a driver’s rate if they use technology that monitors their driving habits such as speed and braking. Kreider-Phillips gets a discount on her policy for being a good driver and paying her premiums in full each month.

All things that may be needed as car insurance rates continue to rise.

“Because of the challenges of the number of folks in this relatively confined space of Clark County, we do pay among the highest rates in the country. We don’t see that changing for any appreciable time in the future,” said Commissioner Kipper.

State Division of Insurance officials say zip codes impact car insurance rates, noting that Las Vegas zip codes generally have the highest automobile insurance premiums in Nevada by a “substantial margin.”

People interested in the auto insurance rate webinar can view and listen to it here: https://doi.nv.gov/uploadedFiles/doinvgov/Content/Public_Forum_on_Auto_Insurance_Rates_in_Nevada_20231101_1836_1.mp4

Copyright 2024 KVVU. All rights reserved.

Street food vendors are popping up in Las Vegas

Roadside taco stands pop up throughout Vegas Valley, rules undefined

Proposal to fill Lake Mead by draining Lake Powell gets growing support and opposition

Lake Mead levels continue recovery due to conservation, professor says

Can Nevadans afford Nevada?

Report: Renters need to earn nearly $70,000 annually to live in Las Vegas

An armed man was fatally shot by Las Vegas police after refusing to drop an "edged weapon" on...

Man carrying 'bladed weapon' shot by Las Vegas police near Downtown

Las Vegas police crime scene tape generic (FOX5)

LVMPD: 2 suspects arrested, 1 outstanding following carjacking in Summerlin

Latest news.

A Las Vegas shelter offers free cat traps to valley residents

Volunteers want permission to trap, neuter, and release Henderson’s stray cats

A multi-million dollar project would completely redesign Maryland Parkway, adding 50 covered...

Funding the Maryland Parkway transit project

It is a triple whammy for Nevadans, as people are getting hammered by higher electricity and...

Why Nevadans pay some of the highest car insurance rates in the country

The Animal Foundation has taken in more than 900 animals in the last two weeks alone.

Hoarding cases contributing to high intake numbers at Animal Foundation shelter

Sustainable Markets Initiative in Action

Task Forces

The Sustainable Markets Initiative’s Industry and Financial Task Forces are comprised of global CEOs across the private sector. The purpose of Task Forces is to drive collective action towards a sustainable future within and across industries in line with the Terra Carta.  

The Sustainable Markets Initiative recognizes the importance of aligning industry, financial and country roadmaps if we are to accelerate the transition at the scale and pace required.  This is why the Sustainable Markets Initiative has worked since 2020 to build out its global network, industry by industry, to bring key players together to drive the understanding, supply and demand for transition solutions.

A unique value add of the Sustainable Markets Initiative’s industry and financial Task Forces is not only the ability to accelerate within industries but increasingly the opportunity to work across Task Forces.  This cross-Task Force collaboration helps CEOs to explore unique solutions, complementarities and scale that could not be achieved by one industry alone.  

The reality of our global financial and economic system is that our world is deeply interconnected, this is why it is so critical that the global private sector comes together to support each other on transition.  This is the fundamental purpose of our CEO-led Task Forces.

Sustainable Market Initiative Task Forces

Agribusiness, asset manager and asset owner, blended finance, carbon capture, use and storage, energy transition, financial services, health systems, hospitality and tourism, natural capital investment alliance, private equity, sustainable buildings, further information.

For Task Force enquiries please contact:

Email: [email protected]

Insurance Asia website works best with Javascript enabled. Please enable your javascript and reload the page.

  • Sections Co-Written / Partner Insurance
  • Events Insurance Asia Forum - Ho Chi Minh - March 12, 2024 Insurance Asia Forum - Bangkok - April 23, 2024 Insurance Asia Forum - Jakarta - May 14, 2024 Insurance Asia Forum - Kuala Lumpur - June 25, 2024 Insurance Asia Summit - September 4, 2024 Insurance Asia Forum - Manila - October 1, 2024
  • Advertising Advertising Digital Events

insurance task force

NDIS establishes task force for improved registration system

Risk-proportionate regulatory model and a new provider risk framework are initiatives in mind.

The minister for the National Disability Insurance Scheme (NDIS), Hon Bill Shorten MP, announced the establishment of a new task force aimed at improving outcomes for NDIS participants through better provider and worker registrations.

Ultimately, the task force aims to deliver a report with recommendations by mid-2024, paving the way for a more robust and equitable NDIS regulatory framework.

Led by lawyer and disability advocate Natalie Wade, the task force will work alongside experts such as former ACCC Chair Allan Fels, former ACTU Assistant Secretary Michael Borowick, and former Northern Territory Administrator Vicki O’Halloran.

The task force will provide advice on overhauling the current registration system for NDIS providers and workers, aligning with recommendations from the independent NDIS Review. 

ALSO READ: National Disability Insurance Scheme needs to improve – Actuaries Institute

This includes developing a graduated risk-proportionate regulatory model and a new provider risk framework.

Minister Shorten emphasised the need for transparency and quality in the NDIS market, aiming to ensure no participant is invisible or forgotten. 

The task force's goal is to design a regulatory model that promotes quality and safety while preserving choice and control for participants.

The task force will collaborate with the disability community and NDIS stakeholders to minimise administrative burdens and ensure all providers meet minimum regulatory standards.

It will focus on supporting the rights of people with disability, including those who self-manage, and reducing the risk of harm.

insurance task force

United Overseas Insurance profits surge 55% YoY FY’23

insurance task force

HKIA warns of risks in premiums financing, “double-edged sword”

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

United Overseas Insurance profits surge 55% YoY FY’23

Younger generation more inclined to purchase life insurance

Unmarried individuals in Singapore less resilient socially, financially– study

Unmarried individuals in Singapore less resilient socially, financially– study

Rising health and income concerns drive increased savings in Asia

Rising health and income concerns drive increased savings in Asia

Insurance coverage adjustment seen as EV ownership increases

Insurance coverage adjustment seen as EV ownership increases

Resource center, swiss re customer story, the financial services world of the future, re-wiring financial services operations for a bold future, financial services: the smarter way to workflow, the innovation paradox in property and casualty insurance, transform and modernise with an effective hybrid cloud strategy, insurance asia digital conference, print issue.

insurance task force

Insurance Asia Awards

Insurance asia forum - ho chi minh - march 12, 2024, insurance asia forum - bangkok - april 23, 2024, insurance asia forum - jakarta - may 14, 2024, insurance asia forum - kuala lumpur - june 25, 2024, insurance asia summit - september 4, 2024, insurance asia forum - manila - october 1, 2024, partner sites.

insurance task force

insurance task force

Welcome To Regional Pacific Islander Taskforce

The regional pacific islander taskforce (rpitf or “taskforce”) was formed in 2015 to address the lack of data and reporting on pacific islander (pi) population health and health disparities in different health departments across the bay area. serving as an advisory council to the directors of the health departments and their leadership, the taskforce raises the awareness and visibility of pacific islander health and social issues by.

  • Educating counties on Pacific Islander history and culture
  • Improving regional data collection and reporting on Pacific Islander communities
  • Building intergenerational solidarity
  • Increasing Pacific Islander civic-engagement participation

OUR MISSION

Unifying Pacific Islanders across the Bay Area to address community needs through sustainable cross-system collaboration.

Who We Serve

The purpose of the Taskforce is to ensure that the 10 Bay Area county agencies and public health departments align and standardize their data practices to adequately capture the state of Pacific Islanders’ (PI) population health.

 In order to do this, the Taskforce champions a regional approach model for PI communities in each county to be better linked in operations, funding priorities, program development, and health services delivery to improve their health outcomes through organizational partnerships and community-based collaborative efforts. 

Today, many Pacific Islanders are still invisible in aggregated public health data and thus underserved as their unique needs are not considered in focus. It is vital to build standards for Pacific Islander data disaggregation in order to  see the issues confronting this diverse community. The Taskforce will continue to support advocacy and grassroots efforts to envision innovative practices for understanding PI community health.

The Taskforce is a highly collaborative coalition of leaders from over 20-organizations who volunteer their time to collaborate and serve their PI community in the Bay Area.

They are professors, clinicians, executive directors, managers, faith leaders, and community advocates. This effort is entirely led and driven by local community champions and community-based organizations (CBOs) in partnership with Bay Area regional health departments and agencies.

Where We Focus

The Taskforce adopted a life-course model as a framework that strategically prioritizes, for instance, housing as a fundamental need and follows a life span to see how the interplay of risk and protective factors influence health through a Pacific Islander’s lifetime—from prenatal health to birth outcomes and across the life-course. 

insurance task force

The Taskforce focuses on five key priorities

  • Mental/Behavioral Health
  • Maternal, Child, & Infant Health
  • Population health (Chronic Diseases)

Analyzing the multiple factors influencing both individual and population health over the life course offers a broader understanding of patterns of health and disease disparities by recognizing how these are shaped by social, structural, and cultural contexts.

STAY UPDATED ON THE LATEST BAY AREA PACIFIC ISLANDER COVID 19 DATA

CHECK OUT THE CURRENT DATA IN THE BAY AREA FOR PACIFIC ISLANDERS

Bay Area Vaccine Dashboard

​COVID-19 Vaccination & Testing

Walk-ins Welcome! Appointment strongly recommended

This is a PCR test to detect the virus that causes COVID-19, for the purposes of diagnosis and treatment.

  • The test is a self-administered nasal swab test that can be completed in as little as 30 seconds.
  • You do not need a doctor’s note or medical insurance to get tested
  • You will not be asked about your immigration status.
  • Most test results are available within 48-72 hours.
  • Primary Series Available: 1st & 2nd Dose
  • Pfizer Available  (5+)
  • Boosters Available: Pfizer (16+)

Alameda County

​Coordinated with the Regional Pacific Islander Taskforce, CCCAS Oakland, LaFamilia, CORE, & Alameda County Department of Public Health.

Fri. 10am-4pm Sat. 10am-2pm

​Santa Clara County

Coordinated with the Regional Pacific Islander Taskforce, the Tafatolu Congregational Church ​& Santa Clara County Department of Public Health.

Pending Vaccination & Testing Date

insurance task force

©2022 Regional Pacific Islander Taskforce

IMAGES

  1. Health insurance task force learns about challenges it faces

    insurance task force

  2. Lloyd’s to release details of green proposals ‘on or before’ UN climate event

    insurance task force

  3. Commercial Insurance Task Force Report Highlights Key Trucking Issues

    insurance task force

  4. If Only Singaporeans Stopped to Think: Health Insurance Task Force Report: Proposals to rein in

    insurance task force

  5. AFA, FPA Life Insurance Task Force Latest

    insurance task force

  6. Fillable Online lsp Insurance Fraud Task Force Fax Email Print

    insurance task force

COMMENTS

  1. Insurance Taskforce

    The Insurance Task Force's Global Supply Chain Pledge aims to drive greater sustainability across insurance industry supply chains. Twelve major insurers and brokers have signed the commitment to take action and support their supply chain strategic partners to make the green transition.

  2. California Considers A Statewide Long-Term Care Insurance Program

    In the last year, the Task Force has explored the feasibility of developing and implementing a statewide insurance program for "long-term care services and supports" (LTSS). On December 23, 2022, the Task Force submitted its recommended options to the Governor and the Legislature in a report entitled the AB 567 Oliver Wyman Feasibility ...

  3. NAIC Announces 2024 Strategic Priorities

    Today, the National Association of Insurance Commissioners (NAIC) announced its 2024 strategic priorities.NAIC Members annually finalize the priorities and discuss potential workplans after assigning committee responsibilities. "Built on the foundation of coordination, cooperation, and collaboration, the state-based insurance regulatory system is well equipped to keep taking on the shared ...

  4. Environmental

    Also in 2022, Aon became one of the first signatories to the Sustainable Markets Initiative Insurance Task Force's Global Supply Chain Pledge, which aims to drive greater sustainability across insurance industry supply chains. Within ABS, we continue to digitalize processes, achieving greater efficiency and accuracy while reducing emissions.

  5. Sustainable Markets Initiative (SMI) Insurance Task Force

    The Insurance Task Force was launched from the historic Lloyd's underwriting room in 2021, and today continues its effort to support the creation of a sustainable future for nature, people and planet.

  6. Insurance Task Force: Roadmap to Supporting Green Innovation

    In 2022, Insurance Task Force member TMK partnered with Altelium to deliver the world's first data-driven BESS warranty programme giving warranty cover for second life batteries. As an increasing amount of capital is poured into emerging and new technologies to decarbonise and transform heavy-emitting industries, the demand for de-risking ...

  7. Prince Charles Launches Partnership with Insurance Industry to Tackle

    The SMI Insurance Task Force, convened by Prince Charles and chaired by Lloyd's, is comprised of executives from many of the world's largest insurance and reinsurance companies, providing an ...

  8. Disaster Resilience Framework

    The Disaster Resilience Framework, launched at COP26 and developed by the Sustainable Markets Initiative Insurance Task Force aims to provide central authorities with a framework to proactively manage the impact of climate perils, enabling direct access to risk financing and disaster mitigation support in order to offer effective and sustainable protection to those in greatest need.

  9. About the Sustainable Markets Initiative (SMI)

    As Chair of the Insurance Task Force, Lloyd's will collaborate with the UNCDF to identify and address potential policymaking challenges hindering the development of climate risk insurance in developing markets, as well as promoting best practice initiatives for SID and LDC policymakers to best mitigate climate catastrophe risks.

  10. Prince of Wales launches Insurance Task Force to tackle climate change

    The task force will launch at least two insurance products to protect priority industries such as nuclear energy, hydrogen and offshore wind, in order to enable their accelerated growth.

  11. An Update from the Wildfire Insurance Task Force

    The Task Force is working to compile an up-to-date handout with talking points for homeowners to reference as they contact their legislators and the California Department of Insurance. We are planning to host a (Virtual) Town Hall after Advocacy Week in April where we will review these talking points and answer questions about them.

  12. California to Reality-Check $144K Public Long-Term Care Benefits

    The California Long Term Care Insurance Task Force has developed a list of five possible LTC benefits programs, and it has hired Oliver Wyman to study each proposal's finances. The state would ...

  13. Reinsurance (E) Task Force

    2024 Membership. 2024 Adopted Charges. The mission of the Reinsurance (E) Task Force is to monitor and coordinate activities and areas of interest that overlap to some extent the charges of other NAIC groups—specifically the International Insurance Relations (G) Committee.

  14. Insurance

    Insurance - Taskforce If you want to find out more about our Insurance department, please download the brochure below. You can also contact us directly, we would be happy to schedule a call in your earliest convenience. Insurance Services Brochure 1 file (s) 1,022.06 KB Download

  15. Insurance Task Force

    The Insurance Report Card Survey is seeking input regarding your experiences working with healthcare insurance, in the areas of: credentialing, contracting, patient benefits, the benefits verification process, claims and claims processing, reimbursements and reimbursement rates, as well as overall provider relations.

  16. California Managed Health Care Improvement Task Force

    January 5, 1998. Signs of a managed care backlash in California are increasing. This paper reports and interprets the recently completed work of the California Managed Health Care Improvement Task Force, focusing on the managed care backlash and the state's regulatory response. Although cost containment was a contributing factor, the causes of ...

  17. NAIC Task Force Meets to Address Climate and Resiliency

    WASHINGTON (February 9 , 2021) — The National Association of Insurance Commissioners (NAIC) discussed the work of its Climate and Resiliency Task Force during meetings of insurance regulators last week, coordinating state-level efforts to address growing climate risk in the insurance sector.

  18. PA Launches Flood Insurance Task Force

    Pennsylvania's state government has created a Flood Insurance Premium Task Force charged with recommending tactics to make flood insurance more affordable and expand access to flood coverage in the Keystone State, Gov. Josh Shapiro's office announced.

  19. Insurers & brokers: Global Pledge for Sustainable Supply Chains

    The Insurance Task Force (ITF), part of His Royal Highness The Prince of Wales' Sustainable Markets Initiative (SMI), has today launched a Global Supply Chain Pledge which aims to drive greater sustainability across insurance industry supply chains.

  20. Transforming the insurance industry: Top technology trends and

    With 19 years of experience in the insurance industry, Kasey brings a wealth of knowledge and success to his role as Senior Associate Vice President of Digital Enablement. Paul Meagher is President of Meagher Insurance & Financial, an agency serving Pennsylvania since 1938. At Meagher Insurance Agency, their main goal is the make the process as ...

  21. Task Force Program

    The Department of Justice continues the long tradition of inter-agency cooperation with the Task Force Program. The task forces are led by experienced commanders from the Bureau of Investigation who are responsible for training, supervising and leading local agents in major investigations throughout the State of California. The task forces act as force multipliers, aiding

  22. PDF State of Rhode Island Office of the Health Insurance Commissioner

    task force can suggest alternatives. He added that there needs to be an identification of the true volume of prior authorization services in order to determine what the 20% reduction would look like for each payer. The next slide provided an overview of part B of the straw model proposal, this would remove prior

  23. Health Actuarial (B) Task Force

    Calendar. Health Actuarial (B) Task Force Virtual Meeting 2/20/2024. Public Conference Call Tuesday, February 20, 2024 12:00 PM ET, 11:00 AM CT, 10:00 AM MT, 9:00 AM PT Expected Length of Call: 1 hr Webex Link. • Consider adoption of the Task Force's 2023 Fall National Meeting minutes.

  24. RATTF

    RATTF. The Santa Clara County Regional Auto Theft Task Force (RATTF) is a proactive, multi-jurisdictional unit that augments already existing auto theft units. RATTF provides additional resources to enhance the capacity of all police agencies countywide in order to impact the crime of auto theft.

  25. FOX5 digs into why Nevadans pay some of the highest car insurance rates

    FOX5 asked the Nevada Insurance Commissioner, Scott Kipper, why rates go up, even for those with no tickets or accidents. "That's the nature of insurance, which is pooling of risk for the ...

  26. SMI Task Forces

    The purpose of Task Forces is to drive collective action towards a sustainable future within and across industries in line with the Terra Carta. The Sustainable Markets Initiative recognizes the importance of aligning industry, financial and country roadmaps if we are to accelerate the transition at the scale and pace required. This is why the ...

  27. Task force would detail Hawaii dental needs

    Dr. Don Sand, founder and president of the Hawaii Dental Hui, said the creation of a task force through House Bill 2744 would bring together Hawaii's dental care system "from insurance companies ...

  28. NDIS establishes task force for improved registration system

    The minister for the National Disability Insurance Scheme (NDIS), Hon Bill Shorten MP, announced the establishment of a new task force aimed at improving outcomes for NDIS participants through better provider and worker registrations. Ultimately, the task force aims to deliver a report with recommendations by mid-2024, paving the way for a more ...

  29. Regional Pacific Islander Task Force

    The Regional Pacific Islander Taskforce (RPITF or "Taskforce") was formed in 2015 to address the lack of data and reporting on Pacific Islander (PI) population health and health disparities in different health departments across the Bay Area. Serving as an advisory council to the directors of the health departments and their leadership, the ...