—Insurance giant UnitedHealthcare said it will drastically cut down its prior authorization requirements for pediatric care, as the company further scales back a process that physicians say adds an unnecessary barrier to timely and necessary medical care. UnitedHealthcare said it is removing two-thirds of authorization requirements for members under…
Insurance claims may be closed without payment for a variety of legitimate reasons, including when damages fall below a policy’ s deductible, the loss is not covered under the terms of the policy, duplicate claims are submitted, or an investigation determines no payment is owed. Importantly, claims closed without payment are not synonymous with denied claims,…
Earnix, the first AI company purpose-built for insurance, has released its fourth annual Insurance Trends Report, The Race to Reinvent. For the first time, AI integration in insurance is near-universal, with 81% of executives reporting that it is embedded across most or some of their workflows. Yet the same data reveals much of this progress is still happening…
Lincoln Financial today announced the promotion of three senior leaders to its Senior Management Committee: Darrel Tedrow as Executive Vice President, President of Life Insurance and Retail Shared Services; Curtis Chesney as Executive Vice President, President of Annuities; and Paul Spurr as Executive Vice President, Chief Risk Officer and Chief Actuary.
Ashley Hinson in downtown Cedar Rapids, interrupting the congresswoman as she spoke about her efforts to ban members of Congress and staff from using insider information to trade stocks and bet on prediction markets. The disruptions occurred inside the Veterans Memorial Building as Hinson addressed supporters alongside Republican Iowa Secretary of…
