N.J.--(BUSINESS WIRE)--March 2, 2005--As in all areas
of exploration, where people go, insurers soon follow.
Best's Review follows the industry as it boldly goes
into the new frontier of space tourism.
In addition, the March issue investigates what you
may not know about Gramm-Leach-Bliley; whether the
life industry is calling it splits, as it divides
over reserve requirements; and the small physical
matter of nanotechnology, which may mean big insurance
Review is published by A.M. Best Co. for insurance
professionals, including home office executives, agents,
brokers and others who are affiliated with the industry,
including bankers, lawyers and educators.
space tourism shifts from science fiction fantasy
to tangible reality--and at least four private companies
offer high-altitude, weightless simulation flights--insurers
have begun the difficult work of assessing shared
risk and writing appropriate policies.
March issue of Best's Review also exposes the changes,
both good and bad, resulting from the passage of the
Gramm-Leach-Bliley financial services modernization
law. From ending the rancor between banks and insurers
to saddling consumers with privacy regulation costs
and inconveniences, GLB has had a wide range of effects.
life insurance industry has divided over reserve requirements
for certain universal life products with secondary
guarantees. The conflict, erupting chiefly from arguments
regarding the National Association of Insurance Commissioners'
Actuarial Guideline 38, pits stock companies against
mutual companies, according to some.
Best's Review looks a little closer at some small
technology that may soon cause big insurance growth.
Nanotechnology advances have caused several to name
this the next industrial revolution. For insurers,
this field may bring a change in existing lines such
as personal injury and property damage.
course, travel's vast expansion and technology's minute
contraction are only a few of the stories in a Best's
Review issue that spans celebrity body-part insurance,
corporate comebacks, risks worth taking and more.
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