From a correspondent:
I'm wondering if you know offhand a Marxist analysis of the recent rise
in insurance premiums (as being due to bad investment as opposed to tort
claims running wild). Also, do you know of a Marxist analysis of the
insurance industry specifically?
--
The Marxism
here's something on current law:
http://www.epinet.org/content.cfm/datazone_uicalc_index
-Original Message-
From: PEN-L list [mailto:[EMAIL PROTECTED] On Behalf Of Devine, James
Sent: Thursday, June 17, 2004 7:03 PM
To: [EMAIL PROTECTED]
Subject: query: unemployment insurance.
: unemployment insurance.
Jim:
In the Green Book, i.e. the compedium of data produced by the House of
Representatives Committee on Ways and Means. They were doing them annually,
then biennially, and now I think they haven't done one since 2001 (pending
a longer-term consensus on welfare reform). But I
employment insurance.
where can I get data on the percentage of wages that would be replaced by
unemployment insurance (for different types of workers and overall
averages) over time in the US?
jim devine
mail2web - Check your emai
where can I get data on the percentage of wages that would be replaced by unemployment
insurance (for different types of workers and overall averages) over time in the US?
jim devine
http://www.nytimes.com/2004/03/18/business/18insure.html
[New York Times]
March 18, 2004
New Momentum for Letting U.S. Help Regulate Nation's Insurers
By JOSEPH B. TREASTER
The prospect that Washington will seize a role in the regulation of
insurance is gaining momentum after more than 150
According to the NYT article, 43 million people in the USA don't have health
insurance, and their numbers are rapidly increasing because of soaring costs
and job losses.
In total, Census Bureau statistics indicate between one in seven Americans
are uninsured, and of the uninsured, males com
Thank you to everybody who responded to my insurance question. I'm
sitting here icing a swollen pinkie, so I'll be brief. I just wanted
something very superficial. I think I have it now. I have read Viviana
Zelizer, Morals and Markets and the Bernstein book before. Both are very
i
Sitting here just south of the insurance capital of the US, I figured I
should step up on this. Tell me more, Michael. What type of
insurance? Which nation(s)? For starters, there's "The Historian and the
Business of Insurance," edited by O. Westall, specific to insurance in
Gre
--- Bill Lear <[EMAIL PROTECTED]> wrote:
> On Sunday, October 26, 2003 at 15:17:02 (-0800)
> Michael Perelman writes:
> >Does anybody know of a nice thumbnail history of
> insurance?
Much broader that just insurance, see
Against the Gods: The Remarkable Story of Risk
On Sunday, October 26, 2003 at 15:17:02 (-0800) Michael Perelman writes:
>Does anybody know of a nice thumbnail history of insurance?
In the United States? I remember reading something of merchant groups
pooling funds here to insure cargoes. Does that fit your thumb??
Bill
Does anybody know of a nice thumbnail history of insurance?
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]
Car insurance signs clear: bumpy road ahead
Complex reasons for rising rates
THOMAS WALKOM
Toronto Star
June 21 2003
Ontario's auto insurance system doesn't work. After three governments
and almost 15 years of tinkering, that's the sad reality.
The obvious problems are well know
Any work supporting the economic stimulus benefits of
extended or increased unemployment insurance? There’s a bill coming up in
Kansas some of us are working on drafting some letters and testimony, any
empirical work showing positive effects, that kind of thing?> tyhanks
, following the decision
by the City's financial watchdog to relax insurers' statutory solvency rules
late on Friday night. Forced selling of shares by insurance companies to meet
the rules is blamed by the financial services authority for causing a
self-reinforcing downward spiral in the mar
Interesting point.
As for Bush's proposal: the idea that a benefit which replaces (at best)
half the wage and only one third on average will dissuade
people from looking for work -- unless they're pretty sure
they'll be called back from a layoff -- is just ridiculous.
I was listening to Jim Glas
Title: Unemployment Insurance
Ellen writes: >the plan is also said to contain funds for "re-employment" rather than "unemployment" insurance. The idea is that the unemployed would receive a lump-sum payment which they could use to seek work or retrain. If they find wor
ctors visits andother health care expenses from about $500 to $700
a year, said spokesmanGary Sheffer. This amounts to a 40 percent increase in
such co-payments,which are only part of what GE workers pay for health
insurance. Overallcosts to workers will go up about 20 percent above the
current $
US: Top AFL-CIO officials resign in insurance scandal
By Joseph Kay
13 December 2002
Three top US labor officials, including AFL-CIO President John
Sweeney, have resigned their positions as directors of the
union-owned insurance firm, Ullico. The resignations come amidst
bitter conflicts
This bill passed in the Senate 86-11. The Dems all waved it through. The 11 Republican dissenters included Phil Gramm who said the bill "discouraged development of a private terrorism insurance market" (something no economy should be without).
It's win-win for insurance compan
care was a
"single-payer national health insurance plan" for all Americans. That
marks a sharp break with his past position, pushing him sharply to
the left on what could be an important issue in the next presidential
campaign.
Back to the question of timing. As a lot people have poi
h care was a "single-payer
national health insurance plan" for all Americans. That marks a sharp
break with his past position, pushing him sharply to the left on what
could be an important issue in the next presidential campaign.
Without putting any particular faith in Gore, what is a &quo
Washington Post 16 Nov:-
Gore already was making political news. On Wednesday night, he told a New
York audience that he had "reluctantly come to the conclusion" that the
only solution to the "impending crisis" in health care was a "single-payer
national healt
The Times of India
WEDNESDAY, JULY 24, 2002
HSBC in talks to buy stake in China's insurance firm
AFP
HONG KONG: Global banking giant HSBC Holdings Plc said on Tuesday it is
negotiating to take a minority stake in China's second largest life
insurance firm Ping An Insurance
Carrol Cox asked:
>How do the controllers of a mutual insurance company
make their money.
I would imagine they worked extemely long hours and
saved every penny they earned. Isn't that how everybody does it?
Tom Walker
How do the controllers of a mutual insurance company make their money.
The Rusts (who control State Farm) are very wealthy indeed -- but of
course State Farm Automobile is a mutual company, nominally owned by the
policy holders. All the other State Farm companies are stock companies,
with the
http://www.latimes.com/news/nationworld/world/la-121701endgame.story
Stephen Philion
Lecturer/PhD Candidate
Department of Sociology
2424 Maile Way
Social Sciences Bldg. # 247
Honolulu, HI 96822
>
> Another historical gem, this time from the "International Risk Management
> Institute" again courtesy of Google.
>
> This is the comment on the author of Marx's second footnote in Capital, and
> links up with Michael's point about fire insurance:
>
> &
http://www.irmi.com/expert/articles/klein002.asp
Another historical gem, this time from the "International Risk Management
Institute" again courtesy of Google.
This is the comment on the author of Marx's second footnote in Capital, and
links up with Michael's point
During the early part of World War II, American insurance companies would
purchase reinsurance from European companies with German connections. The
Germans used this advanced information to pick off ships with important cargoes.
--
Michael Perelman
Economics Department
California State
Attacks Won't Cripple Insurers, But Issues Are Complex
By CATHERINE TAYLOR
Of DOW JONES NEWSWIRES
LONDON -- Paying claims for the world's worst terrorist atrocity won't
cripple the world's insurance industry, industry experts said Friday, but it
will be a long and
Andrew wrote:
>Reinsurance weaves a complex web. An insurance company assumes risks.
>Then the insurer buys insurance to cover their risk. That's
>reinsurance. The reinsurer buys reinsurnace to cover *their* risk. My
>understanding is that many companies are both insurers and rei
Reinsurance weaves a complex web. An insurance company assumes risks.
Then the insurer buys insurance to cover their risk. That's
reinsurance. The reinsurer buys reinsurnace to cover *their* risk. My
understanding is that many companies are both insurers and reinsurers.
Often a reinsur
Rob Schaap wrote:
>Are there large companies in America who specialise in reinsurance, such that
>risk might be less than ideally distributed?
Yes, but not just in the U.S. Two of the biggest reinsurers are
European - Swiss Re and Munich Re (who are, by the way, both very
concerned about clima
NBC reckons there's a 'gentleman's agreement' between traders that they will
not sell the market short. Didn't Greenspan organise something like this
after the '87 hiccough? Is this sort of horizontal dealing okay? I'm sure
it's necessary, but is it technically legitimate?
Cheers,
Rob.
>Don't insurance companies insure themselves?
>I thought it was called reinsurance.
>
> That is correct.
But interesting things come up when a really horrible event, or confluence of
events, occurs. If memory serves, Australia's own HIH got itself deeply into
reinsurance,
>Date: Fri, 14 Sep 2001 10:33:35 -0400
>
>Don't insurance companies insure themselves?
>I thought it was called reinsurance.
That is correct.
--jks
_
Get your FREE download of MSN Explorer at http://explorer.msn.com/intl.asp
Don't insurance companies insure themselves?
I thought it was called reinsurance.
mbs
This all seems weirdly ghoulish, but CNBC had an insurance pundit on
earlier today who said the WTC was insured for terrorism, and that he
expected big claims would be paid. The consensus is that pay
Justin Schwartz wrote:
>>Would it make any difference. Would insurance ever cover acts of terrorism?
>>I thought that damage due to terrorism or insurrection would be
>>automatically excluded. But no doubt someone with more expertise can set us
>>straight.
>
>
>Would it make any difference. Would insurance ever cover acts of terrorism?
>I thought that damage due to terrorism or insurrection would be
>automatically excluded. But no doubt someone with more expertise can set us
>straight.
No, an insurance policy t is a contract. It can hav
- Original Message -
From: Gar Lipow <[EMAIL PROTECTED]>
To: <[EMAIL PROTECTED]>
Sent: Thursday, September 13, 2001 1:32 AM
Subject: [PEN-L:17006] Re: "an act of war" & insurance payments
> Without being an authority: acts of war are ALWAYS excluded. (There are
wrote:
>
> Would it make any difference. Would insurance ever cover acts of terrorism?
> I thought that damage due to terrorism or insurrection would be
> automatically excluded. But no doubt someone with more expertise can set us
> straight. In Ontario the province has convenient
Would it make any difference. Would insurance ever cover acts of terrorism?
I thought that damage due to terrorism or insurrection would be
automatically excluded. But no doubt someone with more expertise can set us
straight. In Ontario the province has conveniently passed a law that limits
its
Another estimate puts the insurance costs at $5 billion. In any case,
the insurance industry will be glad to learn that the owner of the WTC,
the Port Authority of NY and NJ, insured only one of the towers.
http://news.independent.co.uk/world/americas/story.jsp?story=93613
Life insurance
At 09:43 AM 9/12/01 -0700, you wrote:
>If this talk of an "act of war" leads to the War
>Powers Act being invoked, does that let the insurance
>companies escape from making payments on the damage?
isn't that one of the key roles for declarations of disaster areas?
>M
If this talk of an "act of war" leads to the War
Powers Act being invoked, does that let the insurance
companies escape from making payments on the damage?
My reading of the Chron this morning suggests that the
total hit for insurance companies is on the order of
$20 billion--
Patients' rights is indeed the next baby step back to
a national health care debate. The basis for this debate
will be the discrediting of HMO's, which is in progress as
we speak and is reflected by the House vote.
Note that if patients have rights, then it is not much
of a stretch to acknowledg
Even though so far it is only a vote of the House, nevertheless of the size
of the vote in favour of lifting the federal ban on lawsuits against health
insurance companies, is a major victory. Particularly since it was in the
teeth of the well financed lobbying by the companies.
Insurance
Chris Burford wrote:
>Socialised health care is creeping forward even in the USA.
Chris, you're hilarious. Do you really believe that? Especially if
George W Bush becomes president, as seems all too likely? U.S. health
congloms are after Canada's public system, for heaven's sake.
By the way,
Naive question: when were banks first forbidden from selling life
insurance policies? Was it Glass-Steagall? And what was the reasoning?
At first blush, life insurance policies don't seem like high-risk or hard
to value assets.
Mi
> It seems to me that the political strength of the insurance companies
> is such that achieving this aim would require a mass movement *at
> least* equivalent to the civil rights and anti-war movements of the
> '60s combined. Does anyone see this reform as possible through
>
lawyers.
Ann
- Original Message -
From: Patrick Bond <[EMAIL PROTECTED]>
To: <[EMAIL PROTECTED]>
Sent: Tuesday, August 31, 1999 6:08 AM
Subject: [PEN-L:10476] Re: re: Single-Payer National Health Insurance
> > Date: Tue, 24 Aug 1999 18:40:05 -0400
> &g
Patrick Bond wrote:
>The small insurance folk put out endless inane
>commercials which (U.Penn Annenberg School media researchers
>convincingly show) tipped the public consciousness-balance.
Actually, if I'm remembering right, the Harry & Louise commercials
ran mainly in
Patrick Bond wrote:
> Do you want Hillary's big insurance co's running everything?
> Putting them out of business through a single-payer is surely the
> first necessary if insufficient step towards more thorough-going
> reform of capitalist health care?
It seems to
At 10:08 AM 8/31/99 +, Patrick Bond wrote:
>Is this true? The small insurance folk put out endless inane
>commercials which (U.Penn Annenberg School media researchers
>convincingly show) tipped the public consciousness-balance. The small
>business lobbyists beat up on waverin
> Date: Tue, 24 Aug 1999 18:40:05 -0400
> From: Wojtek Sokolowski <[EMAIL PROTECTED]>
> Two points. First, Christopeher Hitchens argues that Hillary's "reform"
> was, in fact, a move designed by big insurance firms and received a
> relatively
nt costs up, simply as
a result of price-gouging and fraud; (c) consolidates the power
profits and position of the insurance industry, then is this a worthwhile
goal? It might be if the drawbacks were many years
off. But a look at the Medicaid/Medicare experience with privatization
suggests that the
mpetitive markets
>drive up prices. In health markets, where being poor (and eligible for
>a subsidy) is correlated with being sick, subsidized insurance, in
>addition to raising prices, has consistently led
> to problems of cherry-picking and denial of benefits. These problems
&
Wojtek writes:
>
>Universal coverage does not require a single payer solution - it is
>possible to attain by means-tested public subsidies of insurance premiums.
>That is, you buy your insurance from a market vendor, and if you cannot
>afford one - government subsidies w
At 10:25 PM 8/24/99 -0300, Alexandre Fenelon wrote:
>
>I think there are some troubles with your position, which is the same of
>the World Bank: Private insurance for the rich and middle classes and
>public health system for the poor.
--- snip
Alexandre and others voicing simil
#x27;s move in the direction of HMOs touched off a merger
>mania that made her plan--minus some of its rube goldberg
>convolutions--into reality.)
-- snip
Two points. First, Christopeher Hitchens argues that Hillary's "reform"
was, in fact, a move designed by big insurance
So Pen-pals,
Tell me why the bill passed by the Senate on Friday ain't a step backwards
on something that really counts to American workers. Tell me how it ain't a
successful power-grab by insurers, who now have the power to veto medical
decisions made by medical people in the interests of patie
It may make little sense to picket UPS without sending a group of
picketers to picket in front of the Unemployment Insurance office.
Here's a tidbit I posted last year to the csf homeless group:
---
Subject: http://csf.Colorado.EDU/mail/homeless/feb96/
Re: Desperation, violence, rage
>On Tue, 24 Dec 1996, Louis wrote:
>I take one look at this sentence and want to throw the book out my 13th
>story window. Him and his references to Riviere and Le Trosne is academic
>babble. This is how he earns his salary. You earn your salary reading
>economic journals about places like China
I realize that LG is on vacation, but I am still
waiting for him to say what Gorby's actual model was, if it
was not Hungary. His actually existing policies certainly
emulated those in Hungary for the early years of his rule.
BTW, I have worked as a computer programmer, but not
for
I apologize to everybody on pen-l for dragging this
out. I figured that LP had left, although he has had a
history on several lists of decaring his departure and then
mysteriously hanging around. Two points:
1) I think that I have made it clear that I respect
the intelligence and
>
>Louis: What a joke! Does anybody think that Barclay Rosser would be
>posting all of that highly detailed information about Hungary and China
>to the Marxism list if having this at his fingertips was not part
>of his job?
>Big fucking deal. Do you think that if I wasn't paid to administer
Louis: What a joke! Does anybody think that Barclay Rosser would be
posting all of that highly detailed information about Hungary and China
to the Marxism list if having this at his fingertips was not part
of his job? Here, you want some highly detailed technical information
from me?:
--
On Tue, 24 Dec 1996, Rosser Jr, John Barkley wrote:
> case in general. Neither of the Louises is quite
> willing to face up to the fact that market socialism
> can and does work, if implemented properly. I think
> this has something to do with Louis P.'s outburst on
> pen-l, and was not due
. Now Louis
P. has ferociosly denounced those on pen-l who
disagreed with him on this matter, including one "John
Rosser," who I guess is supposed to be me (I have told
everybody on both of these lists that only stupid
computers and insurance salesmen call me that name;
and a
Let me just add a personal view on what living under the ACC was like for
a one-year visit to NZ. It really brought home to me in how many ways
the cost of and provision of health insurance affects so much of our
lives. My auto insurance was about $NZ90 [$50US] / year. It was
essentially
Mark Fenster writes that New Zealand's social insurance is taught with a
great deal of disparagement in American tort law classes. Having just
finished my first year torts class I can report that at Ohio State the New
Zealand (or any) social insurance system is not taught _at all_, beyond
Terribly sorry about my last flub.
Minor question in the greater discussion about NZ. One prominent
Torts (common law of civil remedies for personal injury) casebook
(law school textbook) used to indoctrinate first year American law students
describes a New Zealand social insurance system as a
>PEN-L Digest 442
>
>Topics covered in this issue include:
>
> 1) NZ Experiment
>by [EMAIL PROTECTED]
> 2) Re: NZ Experiment
>by [EMAIL PROTECTED] (Doug Henwood)
> 3) Re: NZ Experiment
>by bill mitchell <[EMAIL PROTECTED]>
>
>
For a good treatment of UI, minimum wages, etc. in the U.S., see Stanley
Vittoz: NEW DEAL LABOR POLICY AND THE AMERICAN INDUSTRIAL ECONOMY, U of N.
Carolina Press (1987). The story in other countries is different, however.
Vittoz makes it clear that there was a macroeconomic motivation behind muc
There is wide variation among European countries in the
provision of UI. This might provide an arena for thinking
more about these issues. Apparently there is some evidence
of that good UI can raise fertility (cet.par., of course).
--Alan G. Isaac
On Sat, 5 Nov 1994 14:59:46 -0800 Jim Devine said
I was thinking about unemployment insurance (don't worry -- it's
not because I need it) and had a query:
it is often said that the institution of unemployment insurance
arose because the powers that be wanted to minimize the social
disorder caused by sustained unemployment and becau
tive.
Second, what is all this nonsense about price controls and health
care? For in-patient hospital care, Medicare has been on
an administered pricing system since 1982. Medicaid,
Blue Cross and other private commercial insurance carriers have been
on a variety of fixed price controls since t
78 matches
Mail list logo
