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Randy Dumm Takes Helm at USF's Expanding Baldwin Risk Partners School of Risk Management and Insurance

July 27, 2023

The University of South Florida's Sarasota- Manatee campus issued the following news:. "We are excited to have Randy Dumm join us as leader of the Baldwin Risk Partners School of Risk Management and Insurance," said Sarasota- Manatee campus Regional Chancellor Karen Holbrook. Dumm said the BRP School of Risk Management and Insurance is well positioned to become…

N.H. Insurance Dept.'s Consumer Services Unit Recovers Record $6M for Granite State Consumers During Fiscal Year 2023

July 27, 2023

The New Hampshire Insurance Department has today released statistics for its Consumer Services Unit for Fiscal Year 2023.. "The Unit's mission is simple and consumer centric: educate, navigate and investigate," said Keith Nyhan, Director of the Consumer Services Unit at the NHID. The mission of the Consumer Services Unit is to educate residents about insurance…

Mullin, Lankford Fight to Protect Oklahoma's Health Care Funding

July 27, 2023

Markwayne Mullin, R- Oklahoma, issued the following news release on July 26, 2023, and a letter:. U.S. Senators Markwayne Mullin and James Lankford today, on the heels of the Biden Administration suspending Title X family planning grant funding in response to the state's efforts to protect life, introduced a bicameral bill to clarify that the US Department of…

AHIP Comments on Prescription Drug and Related Proposals Ahead of August Congressional Recess

July 27, 2023

America's Health Insurance Plans issued the following statement on July 26, 2023:. Matt Eyles, President and CEO of AHIP, issued the following statement as Congressional committees continue their work on health care proposals focused on key issues, such as prescription drugs, pharmacy benefits, and transparency in Medicare, Medicaid, and commercial coverage…

Montana Democratic Party: Gov. Gianforte Just Kicked 13,748 Montana Children Off of Their Health Insurance

July 27, 2023

Thanks to a redetermination process riddled with burdensome red tape requirements, the latest update from the Governor's Department of Public Health and Human Services brings the total number of Montanans who have been kicked off Medicaid to 34,204. A stunning 40% of Montanans recently kicked off are under the age of 18.. "13,748 Montana children have just…

Lankford Leads Fight to Protect Oklahoma's Health Care Funding

July 27, 2023

James Lankford, R- Oklahoma, issued the following news release on July 26, 2023, and a letter:. Senator James Lankford today, on the heels of the Biden Administration suspending Title X family planning grant funding in response to the state's efforts to protect life, introduced a bicameral bill to clarify that the US Department of Health and Human Services cannot…

Results of Operations and Financial Condition – Form 8-K

July 27, 2023

________ All amounts in this report are stated in millions except where noted, common stock data and percentages. CHICAGO- July 27, 2023- Old Republic International Corporation today reported pretax income, excluding investment gains, of $227.3 for the quarter and $450.3 for the first six months of 2023. Title Insurance results declined in both periods,…

ALTA Foundation Provides Emergency Grant Following Vermont Flooding

July 27, 2023

The American Land Title Association Good Deeds Foundation, the registered 501 (c) charitable organization founded by ALTA, the national trade association of the land title insurance industry, has awarded a $5,000 emergency grant to the Vermont Main Street Flood Relief Fund. "This emergency grant from the ALTA Good Deeds Foundation will be spent on…

Fitzpatrick Introduces Bipartisan Legislation to Increase Transparency in Health Insurance Pricing

July 27, 2023

Brian Fitzpatrick, R- Pennsylvania, issued the following news release:. Congressman Brian Fitzpatrick, a member of the House Committee on Ways and Means, introduced the Health Insurance Price Transparency Act of 2023 and was joined by Congresswoman Susie Lee. "Thank you to Rep. Fitzpatrick for introducing the Health Insurance Price Transparency Act of 2023 that…

AM Best Revises Outlooks to Positive for Credit Ratings of Lloyd’s, Its Rated Subsidiaries and Society of Lloyd’s

July 27, 2023

This includes the introduction of the Lloyd’ s Central Fund insurance, increase in the callable layer and limits put in place to reduce excessive risk taking by individual syndicates. Capital adequacy is supported by a robust risk-based approach to setting member-level capital and Lloyd’ s Central Fund, which is available to meet the policyholder…

Concirrus Partners with Insurity to Develop and Deliver Predictive Data Models for Enhanced Cargo Risk Management and Pricing Insights

July 27, 2023

Insurity, a leading provider of cloud-based software for insurance carriers, brokers, and MGAs, today announced a new partnership with Concirrus, the leading AI insurtech helping commercial insurers to accelerate digital strategies for marine insurers. Concirrus' big data and machine learning capabilities, integrated with Insurity's global marine cargo…

Covered California to lower patient costs after Democratic lawmakers win funding from Newsom

July 27, 2023

The state's health insurance exchange will zero out some patients' hospital deductibles, up to $5,400; lower the copay of primary care visits from $50 to $35; and reduce the cost for generic drugs from $19 to $15. Covered California CEO Jessica Altman argues these are tangible reductions— savings on deductibles and copays on top of subsidies to lower monthly…

Covered California to lower patient costs after Democratic lawmakers win funding from Newsom

July 27, 2023

The state's health insurance exchange will zero out some patients' hospital deductibles, up to $5,400; lower the copay of primary care visits from $50 to $35; and reduce the cost for generic drugs from $19 to $15. Covered California CEO Jessica Altman argues these are tangible reductions— savings on deductibles and copays on top of subsidies to lower monthly…

FIGHT IS ON OVER DRUG PRICES

July 27, 2023

Ominous ads about prescription drugs flood the TV airwaves. Perhaps by design, it's not always clear who' s sponsoring the ads or why. There are about 70 PBMs in the U.S. Through mergers, three of them— CVS Caremark, Optum Rx and Express Scripts— control 80% of the prescription drug market, and each brings in tens of billions of dollars in revenue annually.

County sees drop in insurance costs

July 27, 2023

Prentiss County supervisors got some good news regarding insurance costs at their most recent meeting. Jon Floyd with Cornerstone Insurance told the board the county's health insurance rate with Blue Cross Blue Shield will drop five percent for the upcoming new fiscal year. The next regular meeting of the board is set for Monday, August 7 at 10 a.m. at the county…

State paid $21.8M to 'deceased enrollees'

July 27, 2023

Virginia is working to recover almost $22 million that the state mistakenly paid insurers for people enrolled in the state Medicaid program who already had died. In an audit released on Monday, the Office of the Inspector General for the U.S. Department of Health and Human Services said Virginia paid at least $21.8 million to managed care companies for about…

FIGHT IS ON OVER DRUG PRICES

July 27, 2023

Ominous ads about prescription drugs flood the TV airwaves. Perhaps by design, it's not always clear who' s sponsoring the ads or why. There are about 70 PBMs in the U.S. Through mergers, three of them— CVS Caremark, Optum Rx and Express Scripts— control 80% of the prescription drug market, and each brings in tens of billions of dollars in revenue annually.

FIGHT IS ON OVER DRUG PRICES

July 27, 2023

Ominous ads about prescription drugs flood the TV airwaves. Perhaps by design, it's not always clear who' s sponsoring the ads or why. There are about 70 PBMs in the U.S. Through mergers, three of them— CVS Caremark, Optum Rx and Express Scripts— control 80% of the prescription drug market, and each brings in tens of billions of dollars in revenue annually.

Morning brief: Sign up for the DR-C's new newsletter, Denton U!

July 27, 2023

A favorite local restaurant announced that it will be closing, while Denton ISD has finally secured new insurance for the district's employees. >Horny Toad Cafe and Bar, which opened in 2013, will close this week due to the owners' retirement. >Denton ISD will begin ensuring employees through Blue Cross Blue Shield during the 2023-2024 school year.

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