Rising liability insurance costs are prompting doctors to call on states to impose more limits on the damages patients can collect in malpractice cases. Why it matters: More than half of the states have enacted malpractice payout limits, in an effort to make insurance premiums more predictable. But groups led by the American Medical Association say that without more relief,…
The Illinois Secretary of State’ s office expressed support for the bill at a Senate Insurance Committee hearing on Tuesday. “Drivers in Illinois are facing hardships due to increasing automobile insurance rates, and they want oversight to ensure that their rates are not excessive or unfairly discriminatory,” Williams said. Jennifer Hammer spoke on behalf of…
"When shopping for coverage, it is important to use the Health Insurance Marketplace or an insurance agent or company that you have verified is licensed. Only licensed insurance companies and agents are authorized to sell insurance in Michigan, so it is important to verify a company's legitimacy before making a purchase. Michiganders can purchase…
The Senate confirmed former finance executive and former Federal Reserve Governor Kevin Warsh as the U.S. central bank’s new chair May 13.
Kevin Warsh has been confirmed as the 17th leader of the Federal Reserve, becoming America’s economist-in-chief at a moment of resurgent inflation, public discontent with the economy and unprecedented attacks on the Fed’s independence. Driving the news: Warsh was confirmed to a four-year term as Fed chair Wednesday by a 54-45 Senate vote. He received unanimous support from…
Florida ranks among the most expensive states in the nation for home insurance, prompting some South Florida homeowners to forgo coverage altogether— even as hurricane season approaches. According to Bankrate, only Nebraska and Louisiana outpace Florida in average home-insurance costs. In Fort Lauderdale‘ s Edgewood neighborhood, historic rainfall three…
—Senate confirms Trump pick Kevin Warsh as Federal Reserve chair, bringing new leadership to the powerful central bank.
Healthcare organizations entered 2026 facing continued financial pressure, rising specialty drug costs and growing demand for behavioral healthcare while also being pushed to modernize operations and improve access. From prior authorization reform and AI deployment to GLP-1 management and Medicare Advantage pressure, these trends are already…
The moratorium will not impact current enrollments, and existing providers can continue to deliver services to Medicare beneficiaries.
With the Federal Emergency Management Agency (FEMA) Review Council’s final recommendations finally available, one particular recommendation stands out. In the section titled, “Shift to Private Market through Depopulation of Existing National Flood Insurance Program (NFIP) Policies,” the council recommends establishing a voluntary “take-out” program that would transfer…
AM Best has downgraded the Financial Strength Rating to B++ from A- and the Long-Term Issuer Credit Rating to“ bbb+” from“ a-” of Arrow Mutual Liability Insurance Company. The outlook of these Credit Ratings has been revised to stable from negative. The ratings reflect Arrow’ s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating…
The following information was released by Brown University:. A study led by Brown University researchers suggests that expanded health insurance coverage may significantly improve survival and care quality in this high-risk population. Among young adults with kidney failure, the expansion of Medicaid following the Affordable Care Act signed into law in…
While there may be benefits to a vertically integrated system, there will also be costs. Hawaiʻi’s largest healthcare insurer, HMSA, and its largest healthcare provider, Hawaii Pacific Health, have proposed a new partnership. Both companies would be subsidiaries of a new nonprofit organization, One Health Hawaii, which would have the power to impose rules that…
A proposal to reduce credit card swipe fees has whipped up a frothy, multi-million-dollar lobbying fight at the State Capitol this year, pitting the banking industry against retailers, restaurants and other businesses. "When a merchant takes a credit card from a consumer and processes that card, they should not have to pay fees on the local or state taxes that…
—The Senate confirmed President Donald Trump’ s nominee to lead the Federal Reserve, Kevin Warsh, bringing new leadership to the world's most powerful central bank at a fraught moment for the global economy. The Fed has faced threats to its independence from Trump, who has repeatedly attacked Powell for not cutting interest rates. Trump also sought to fire Fed…
The U.S. Senate approved Kevin Warsh as a Federal Reserve governor by 51 votes to 45 on Wednesday, clearing the first procedural hurdle toward his potential nomination as Fed chair, a transition that crypto investors are watching closely given Warsh’s previously stated openness to Bitcoin as a store of value.
Pet ownership rose to 95 million U.S. households in 2025, the American Pet Products Association reported, with Americans projected to spend $165 billion on pet care in 2026. “Pets are deeply integrated into American households, but with that companionship comes financial responsibility and risk,” said Triple-I CEO Sean Kevelighan.“ Our latest Issues Brief…
OneShield, a provider of modern core systems for commercial property& specialty insurers and MGAs, today announced that the Medical Assurance Company of Mississippi has selected OneShield Market Solutions as its full-suite core platform. Founded in 1976 in response to a medical malpractice crisis in Mississippi, MACM was created by physicians for…
Insurity, a leading provider of cloud-based software for property and casualty insurers, brokers, and MGAs, today announced new investments in Insurity Marine Suite across customer experience, ecosystem connectivity, vessel intelligence, and compliance support, reinforcing its continued leadership in the marine cargo insurance market and its…
