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January 17, 2025

State Farm giving LA homeowners an option to renew coverage

State Farm, California’s largest property insurer, is giving Los Angeles-area homeowners an option to renew their coverage for another term.

January 17, 2025
Scott-Bessent-CEO-and-CIO-of-hedge-fund-Key-Square-Group. Trump's pick for Treasury secretary says letting the 2017 tax expire would unleash a $4 trillion tax hike that could crush the U.S. economy.
President-elect Trump's pick for Treasury secretary, Scott Bessent, CEO and CIO of hedge-fund Key Square Group.

Trump pick for Treasury: extending tax cuts the ‘most important’ issue

Trump’s pick for Treasury secretary, Scott Bessent, says letting the 2017 tax expire would unleash a $4 trillion tax hike that could crush the U.S. economy.

PBMs reaped substantial profits from dispensing prescription drugs, FTC finds

January 17, 2025

The Federal Trade Commission published a second interim staff report this week on the prescription drug middleman industry, which focuses…

North Carolina homeowners face 7.5% insurance insreases after agreement

January 17, 2025

Insurance Commissioner Mike Causey announced today that the North Carolina Department of Insurance has ended its legal dispute with insurance…

January 17, 2025
Image shows the Symetra logo
A group of plaintiffs have reached a settlement with Symetra over cost-of-insurance charges.

Symetra reaches $32.5 million settlement over cost-of-insurance charges

A group of Washington policyholders are asking a federal judge to preliminarily approve a $32.5 million settlement with Symetra Life Insurance Co. over cost-of-insurance claims.

January 17, 2025
Photo illustration showing scales with one side holding $30 Billion against a backdrop of a raging fire. Are-the-30B-LA-fires-a-tipping-point-for-the-Calif-insurance-market.

Are the $30B LA fires a tipping point for the Calif. insurance market?

There’s a consensus forming that the LA fires tragedy has already wrought a tipping point in several areas, including California insurance.

January 16, 2025
Image shows the UnitedHealth logo.
UnitedHealth Group reported full-year 2024 revenues of $400 billion.

UnitedHealth reports $29B revenue bump in 2024; CEO rips costly system

UnitedHealth Group reported a $29 billion increase in 2024 revenues today, up 8% to $400.3 billion.

January 16, 2025
Illustration showing a glittering gold number 5 against a festive background. Five-retirement-industry-trends-2025

Five retirement-industry trends to watch in 2025

An IRIC report forecasts the evolution of defined contribution plans in 2025 to improve support of workers’ long-term financial security.

January 15, 2025

AI: Speeding up the underwriting process

Advances in technology are producing better data, which leads to faster, more accurate and less invasive underwriting.

January 15, 2025
Person dressed in business attire and blindfolded, with a background of AI technology and symbols. Could-a-lack-of-vision-be-key-to-an-AI-readiness-gap-in-insurance.

Is ‘lack of vision’ key to the AI readiness gap in the insurance industry?

The AI readiness gap between insurance companies ready to adopt AI and those that aren’t, may boil down to a lack of vision, says one expert.

January 15, 2025
Image shows a skeleton typing at a keyboard
Regulators are trying to move a long-term care rate review proposal forward.

‘We could analyze this forever’: Regulators defend LTC rate review process

State insurance regulators are trying to get to the finish line on a long-term care rate review standard after nine years of studying the issue.

January 15, 2025
Image shows the Texas state flag and the Allstate logo.
Texas AG Ken Paxton claims Allstate is illegally collecting and using consumers' data.

Texas AG Ken Paxton sues Allstate over collection of driver data

Texas Attorney General Ken Paxton claims that Allstate is unlawfully collecting, using and selling data from consumers.

January 14, 2025
Illustration of a group of Gen Z young adults. Gen-Z-is-not-OK,-MetLife-workplace-study-says.

Gen Z is not OK, MetLife workplace study says

Generation Z is emerging as the future of America’s workforce, but their financial health is not good, and they need support from their employers.

January 14, 2025
Image shows a pile of money and the Allianz logo
Allianz has big goals for its new reinsurer.

Allianz Life moves to strengthen annuity operations with own reinsurer

Last month, Allianz quietly announced the new independent strategic reinsurance platform called Sconset Re.

January 13, 2025
Image shows the word, "Postponed" over the Atlantic Coast Life logo.
A hearing to decide on the fate of Atlantic Coast Life will take place Wednesday.

South Carolina hearing on Atlantic Coast Life policy ban postponed

A South Carolina hearing to decide whether Atlantic Coast Life Insurance will continue offering new policies was postponed.

January 13, 2025
Image shows Emmanuel Hostin and a courtroom background.
A NYC lawsuit accuses Dr. Emmanuel Hostin of playing a role in a massive fraud.

Sunny Hostin’s husband granted an extension to answer insurance fraud claims

A Brooklyn judge granted a motion Friday giving Dr. Emmanuel Hostin, husband of TV personality Sunny Hostin, a delay to file a response to an insurance fraud lawsuit.

January 13, 2025

House GOP considers $5T in possible spending cuts

More than $5 trillion in federal spending cuts – including cuts to Medicaid, Medicare and the Affordable Care Act – are part of a “menu” that House Republicans are circulating to fund President-elect Donald Trump’s top priorities this year, including tax cuts.

January 13, 2025
Image of medical equipment against the backdrop of the U.S. Supreme Court building. Supreme-Court-will-hear-challenge-to-ACA-preventive-care-mandate.

Supreme Court will hear challenge to ACA preventive care mandate

The Supreme Court on Friday agreed to hear a broad challenge to the Affordable Care Act’s coverage of preventive services in its upcoming term. 

January 13, 2025
Small plastic figure of a doctor with a thumbs up sign, with the words "private equity" in the background. Private-equity-put-profits-over-patients-Senate-panel-says.

Private equity firms put profits over patients, Senate panel says

Private equity is putting profits over patients, a Senate Budget Committee report said as the panel looked into two private equity firms’ efforts to squeeze more money out of hospitals in underserved areas.

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