IGI is an international specialty risks commercial insurer and reinsurer underwriting a diverse portfolio of specialty lines. Established in 2001, IGI has a worldwide portfolio of energy, property, general aviation, construction& engineering, ports& terminals, marine cargo, marine trades, contingency, political violence, financial institutions, general…
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According to the Best’ s Market Segment Report,“ Market Segment Outlook: Delegated Underwriting Authority Enterprises,” the segment’ s growth drivers— strong capacity, diverse capital sources, growing niche expertise and investment in talent and technology— will continue, but with a moderating impact amid selective capacity, tighter economics at renewals and…
Nomi Health today announced a strategic partnership with Henry Ford Health, one of the Midwest’ s largest and most trusted health systems, to eliminate out-of-pocket healthcare costs for consumers while lowering costs for employers. Michigan employers gain access to Henry Ford Health’ s comprehensive network of more than 550 care sites powered by more than…
An umbrella policy is a type of liability insurance that extends the coverage to a higher amount than the regular home, auto, or boat insurance combined. Currently, only a fifth of insurance holders in the United States have this policy. In some cases, the umbrella limits do not completely correspond to the value of assets or the overall financial exposure of…
I recently teamed up with the NC Chamber and Blue Cross in NC to announce a new kind of health insurance policy that will be available to small businesses and their employees. The new plan, the first of its kind in North Carolina, is called Carolina HealthWorks. As NC Chamber President Gary Salamido noted at a press conference announcing the new plan, small…
New York Attorney General Letitia James and state Department of Health Commissioner Dr. James McDonald have issued a consumer alert warning New Yorkers about common health insurance scams as 2026 open enrollment continues through the New York State of Health Marketplace. “Health insurance scams spike during open enrollment periods, and the Office of the…
I have spent my career caring for patients with chronic pain, dementia and other conditions that drain the quality of people's lives and the resources of our health care system. Too often, I've prescribed medications that are costly and dangerous, carrying high risks of dependency and death. Many of my patients already use another option: medical cannabis.
This past year, it was a Blue Cross and Blue Shield silver policy that cost them about $300 a month. The plan he'd been paying $300 a month for was now listed at roughly $2,000 a month. For McQuillen and thousands of others across the state, those "not real" numbers are an early glimpse of what's ahead if Congress allows the ACA's enhanced premium tax credits to lapse…
The EUR/USD exchange rate held steady last week as market participants focused on the odds of Federal Reserve interest rate cuts in the coming meeting. The EUR/USD exchange rate has rebounded in the past few days as investors focused on some key statements from Federal Reserve officials. In multiple statements, Fed officials like Jeff Schmid of Kansas and…
I have spent my career caring for patients with chronic pain, dementia and other conditions that drain the quality of people's lives and the resources of our health care system. Too often, I've prescribed medications that are costly and dangerous, carrying high risks of dependency and death. Many of my patients already use another option: medical cannabis.
Jacky Rosen's tenacity in defense of the Democrats' efforts to maintain Biden-era Supplemental Nutrition Assistance Program benefits and Affordable Care Act health insurance premium subsidies. She showed impressive grit and appeared undaunted by her GOP critics. Rosen then joined a handful of Senate Democrats, including Nevada colleague Sen.
Nearly a year ago, my predecessor Traci Buschner wrote in these pages urging the D.C. Council to raise the District's outdated auto insurance minimums. For years, Washington, D.C., has struggled to make its streets safer. But there is another, less visible story unfolding on our streets: according to the D.C. Department of Transportation, serious injuries involving…
With average medical costs now topping $14,000 per person, U.S. health care is both unaffordable and unsustainable. Employer health-insurance premiums are expected to rise 9% this year, approaching $30,000 for a family of four. Yet despite spending far more than other wealthy nations, the United States ranks last in life expectancy, maternal mortality, and…
Homeowners across California will soon see a new charge on their monthly insurance bills to help pay claims arising from this year’ s devastating Los Angeles wildfires. “If these surcharges stand, it’ s almost certain that consumers will see future surcharges on their bills,” said Carmen Balber, executive director of Los Angeles- based Consumer Watchdog, which has…
SPRINGFIELD, Mass.& CHARLOTTE, N.C.—- MassMutual and its global asset management subsidiary Barings announced today that MassMutual has entered into an agreement in which MS&AD Insurance Group Holdings, Inc. will acquire an 18% equity stake in Barings through its subsidiary Mitsui Sumitomo Insurance Co., Ltd., a leading Japanese insurance company.
Wall Street faced an uneven end of the week as sagging tech stocks and doubts about another rate cut from the Federal Reserve weighed on investors. Yet major stocks, including Nvidia and Advanced Micro Devices, were up by noon Friday. Nvidia, a major chipmaker, rebounded to positive territory Friday, but Advanced Micro Devices ended in the red.
Panelists talked about a program that could help homeowners with insurance in higher fire risk areas during a wildfire preparation and insurance town hall held Wednesday at the Grant County Veterans Memorial Business and Conference Center. Panelist and Property and Casualty Bureau Chief Melissa Robertson of the New Mexico Office of the Superintendent…
Congress is "just punishing us for being small-business owners," said Loidolt, who has weighed closing her business in response to the rise in health insurance costs. Extension of the tax credits was a top priority for Senate Democrats during the longest government shutdown in U.S. history. Congress now has until the end of the year to extend the credits— which were…
WASHINGTON— Congress has roughly two months to find bipartisan agreement to curb rising health insurance costs if lawmakers want to avoid another government shutdown. Democrats maintained they wanted to address skyrocketing premiums for individual health care plans, while Republicans insisted those talks had to occur when the government was open.
