Reliance Matrix was formed by the integration of Reliance Standard Life Insurance Company, founded in 1907 and rated A++ for financial strength by independent agency AM Best; and absence third party administrator Matrix Absence Management. As a small workers’ compensation claims administrator in northern California in the early 1980 s, Matrix Absence…
The millions of Floridians who don’t have health insurance can now choose from a catalog of 600 generic prescriptions on the TrumpRx.gov platform.
Pouch Insurance, the admitted commercial auto managing general agent built for 1099 workers and gig economy operators, today announced a strategic partnership with OCTO, the global leader in telematics and data analytics for connected insurance. The announcement coincides with the official go-live of Pouch’s Micro-Fleet Rideshare program in Tennessee,…
Insurity, a leading provider of cloud-based software for property and casualty insurance carriers, brokers, and MGAs, today announced that registration is now open for the Excellence in Insurance conference, its annual event for insurance executives and technology leaders focused on helping insurers apply AI practically, modernize operations, and…
The “reverse Robin Hood” hypothesis is back, wearing a fresh econometric hat and carrying a very large number. The claim is familiar: credit card rewards programs let affluent cardholders pick the pockets of poorer consumers who pay with cash or debit. The new estimate is punchier. In a recent working paper, a group of academics… Robin Hood Carries a Credit Card The post…
Earnix, a leader in AI-driven pricing, underwriting, and customer engagement for insurers, today announced that Definity, one of Canada’ s largest property and casualty insurers, has selected Earnix to accelerate pricing decisions and improve customer response times across its personal auto, property, and individually rated commercial auto portfolios.
The trial of Luigi Mangione– the man who allegedly shot and killed Brian Thompson, CEO of the United States’ largest health insurance company, UnitedHealthcare, at point-blank range on December 4, 2024– continues to yield surprises. While the young man avoided the death penalty last January, a New York judge has now only partially granted his lawyers’ request to…
Judge Gregory Carro has partially denied a motion challenging the admissibility as evidence of items found in Luigi Mangione’s backpack during a search whose legality his attorneys dispute. Among the items admitted is the 3 D-printed gun Mangione used to murder UnitedHealthcare CEO Brian Thompson in December 2024. "The officers’ body cameras show that they…
Prairie Wealth Advisors, a registered investment advisor providing families with bespoke investment management and wealth planning, today announced a strategic merger with The McEwen Group. The move builds on a long-standing relationship between Prairie Wealth founder and CEO Craig Hundt and Tim McEwen, CFP ®, managing director of The McEwen Group, who…
Everest Group, Ltd., a global specialty reinsurance and insurance leader, today announced a definitive agreement to sell Everest Compañía de Seguros Generales Colombia S.A. to American International Group, Inc.. The transaction builds on Everest’ s previously announced sale of its global Commercial Retail Insurance renewal rights to AIG and the sale of…
Question from Heather: My husband and I are turning 65 soon and leaning towards choosing an Advantage Plan. As long you understand this and some other important facts, Advantage Plans, over the next 5 to 10 years, can offer $5,000 to $10,000, possibly even more, in potential value when adding up premium savings and the real dollars in goods and services ancillary…
Brett Shippee, of the Nebraska Rural Hospital Association health insurance, and Dan Schwartzkopf of the Jones Group both spoke on the matter. Shippee proposed the board consider switching insurance providers from Midlands Choice to Nebraska Rural Hospital Association and contended that the three hospitals in the county were not covered by the county's…
Alliant Insurance Services announces the launch of ASCEND, formed by Alliant Transportation to bring together industry leaders committed to transforming real-world data into practical strategies that enhance safety and fleet performance and lower total cost of risk. “ASCEND represents a significant step forward in how transportation leaders…
The Stephens Group, LLC announced today that it has exited its investment in IMA Financial Group, Inc., a North American insurance brokerage firm specializing in risk management, employee benefits and investment advisory services, via the completion of an equity recapitalization transaction. Oak Hill Capital and New Mountain Capital are each taking…
Hadron Appoints Liesel Carvajal as Group General Counsel and Ed McGough as Chief Information Officer
Hadron, a modern specialty insurance carrier setting a higher standard in delegated underwriting authority, today announced the appointments of Liesel Carvajal as Group General Counsel and Ed McGough as Chief Information Officer. "The delegated authority market is at an inflection point,” said Sam Reeder, Chief Executive Officer of Hadron.“ The carriers that…
The courtship between Silicon Valley and MAGA was consummated on June 6, 2024, in San Francisco’ s Pacific Heights neighborhood, on a street known as“ Billionaires’ Row,” at the 22,000- square-foot, $45 million French-limestone mansion of a venture capitalist named David Sacks. Along with Chamath Palihapitiya, a fellow venture capitalist and a colleague on the…
Let me hit you with a scene from the movie adaptation of Michael Lewis's book on the subprime mortgage crisis, The Big Short. First some context: in the movie, hedge fund manager, Mark Baum has purchased credit default swaps from derivatives trader, Jared Vennett as a short against $1 billion in subprime mortgage-backed securities. Jared: Listen, I told you when we…
A last-ditch effort to prevent hundreds of thousands of New Yorkers from losing their publicly funded health insurance is facing an uphill battle in Albany. A group of Democratic lawmakers is urging Gov. Kathy Hochul to put up state funds to preserve coverage for some 450,000 New Yorkers who are slated to get kicked off…
The following information was released by the New Jersey State Senate, Democrats:. The Senate Commerce Committee advanced legislation sponsored by Senator James Beach that would require health insurance and Medicaid coverage for the treatment of stuttering. "For too long, New Jersey residents have been denied coverage for stutter-related speech…
