The following information was released by the Pennsylvania State Senate, Republican Caucus:. Today, Senator Tracy Pennycuick introduced legislation to address improper enrollment, waste, and fraud in Pennsylvania's Health Insurance Exchange Authority called Pennie. The measure has strong bipartisan support and mirrors language adopted by the state…
The Best’ s Special Report,“ Unaffiliated Offshore Reinsurance Deals Drive Asset-Intensive Reinsurance Market in 2025,” is a part of AM Best’ s look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo. While Bermuda continues to be the dominant offshore domicile, the Cayman Islands increased their share of the market in 2025,…
Vermont's healthcare regulation board announced Tuesday it has signed off on health insurance rate increases lower than what the companies had requested. "The Board's decisions continue our work to bring Vermont's commercial premiums more in line with national and regional trends," stated Owen Foster, chairman of the Green Mountain Care Board, in a news…
On August 18, 2026, the Securities and Exchange Commission charged Daniel Chu, Jerome Kollar, and Ameryn Seibold, the former CEO, CFO, and Senior Director of Finance, respectively, at Texas- based Tricolor Holdings LLC, for their roles in an alleged multi-year scheme to defraud investors by double pledging hundreds of millions of dollars of subprime auto loans to…
Securian Financial announced today that it has increased its corporate retention on individual life insurance cases from $5 million to $10 million, enhancing the company’ s ability to serve affluent clients and compete for larger, more complex life insurance opportunities. The increased retention gives Securian greater flexibility to support large…
The upgrade of the Long-Term ICR reflects rating lift applied to Dunav-Re’ s ratings, which considers the company’ s strategic importance to its parent company, Dunav Insurance. This reflects Dunav-Re’ s track record of supporting the group’ s strategy, providing reinsurance support to Dunav Insurance and its subsidiaries. Dunav-Re is the leading reinsurer in…
PORTSMOUTH, Ohio— The Counseling Center eliminated 45 positions this month, as the Portsmouth behavioral health provider faces financial pressure from declining client numbers and continuing challenges with insurance and Medicaid processes. Those challenges come amid significant changes to Ohio's Medicaid system. Ohio Medicaid's managed-care…
–The U.S. Centers for Disease Control and Prevention will implement several new diagnosis codes that medical watchdog Do No Harm says are important for supporting those who underwent transgender procedures and later detransitioned. According to Do No Harm, ICD-10 codes are used by physicians, insurance companies and researchers, and "allow doctors to…
New research published by the Employee Benefit Research Institute finds that average health savings account balances reached a record $5,532 in 2024, even as 56% of account holders took distributions and only 18% invested HSA funds in assets other than cash.
State Farm admits AI fake cases in LA lawsuit
Lawyers for a Los Angeles firm representing State Farm in a lawsuit involving the rebuilding of a home after a fire have apologized for artificial intelligence hallucinations in their filings. The homeowner's lawyers discovered in motions filed by State Farm "cases that do not exist, quotes that do not exist, and holdings that do not exist," according to a filing…
The honor is the latest among 10 awards Openly has earned in 2026, including three sole- category product wins and individual recognition for a member of its claims team. The PropTech Breakthrough Awards, now in their fifth year, are part of the Tech Breakthrough platform and evaluate property technology companies, products, and services from around the world.
As Washington state reels from a devastating wildfire that destroyed hundreds of homes in Spokane, experts say the disaster has cast newfound uncertainty over a property insurance market that had just begun to stabilize. In some places, such as California, those trends have triggered a full-blown crisis, with private companies abandoning disaster-prone…
Elsje Johnson has joined Alliant Insurance Services as Vice President within its Employee Benefits Group. The Idaho- based consultant brings more than 25 years of experience in the healthcare industry, including over a decade advising associations, large employers, and national accounts on healthcare and benefits strategies. She is also actively involved…
Your personal car insurance covers a rental car on a U.S. vacation with the same liability, collision and comprehensive coverage you already carry on your own vehicle. That is one reason just 10% of renters buy insurance at the rental counter, according to a July 2024 Consumer Reports survey of more than 6,000 members. That protection carries the same deductible…
