good bank/bad bank n.— «American International Group (AIG): NY Posts reports that AIG is considering forming a separate company to hold billions in securities that have dogged its balance sheet for the past several quarters. According to...
data Valdez n.— «Two articles on health insurer’s privacy problem (from Washington Post and SF Chronicle). Good example of a data valdez!» —“HMO Breaches Members’ Privacy” Usenet: alt.privacy Aug. 23, 2000. (source:...
hammer clause n.— «Many insurance policies have what is known as a “hammer” clause, meaning that the insurer can force the insured to accept a settlement of the claim, unless the insured is willing to forego coverage or accept...
crosswalking n.— «Reynolds wouldn’t disclose the expected cost of the NPI project, saying only that it affects about 35% of the applications at Blue Cross and Blue Shield and 50% of its business processes. The insurer will maintain its...
silver surgery n.— «BUPA, the private health insurer, reports a 40 per cent increase in the past year, and 37 per cent the year before that, in demand for cosmetic operations among the over-60s. It has even coined a name for the...
run-off n.— «An insurer that closes to new business—called run-off in industry parlance—usually keeps a bare minimum of staff for as long as is necessary to honour claims being lodged on policies already sold.» —“sEnergy to go out of...