AI insurance: The $7 trillion rebuild. This is one of the problems that Eliron Ekstein, founder and CEO of Austin- based startup Ravin, is setting out to solve, with AI-powered tools that can verify real damage and stop fraudsters like these in their tracks. And Ekstein's not the only one using AI to try to transform the $7 trillion insurance market, as this article…
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The Depository Trust& Clearing Corporation, the premier post-trade market infrastructure for the global financial services industry, announced that the U.S. Securities and Exchange Commission has approved DTCC subsidiary, National Securities Clearing Corporation to offer a new client access model for the Securities Financing Transaction Clearing…
Blue Cross Blue Shield $2.67 billion antitrust settlement. Blue Cross Blue Shield denied the allegations throughout the litigation. In an October 2020 statement, a Blue Cross Blue Shield Association spokesperson said that while it denies the allegations, it has“ agreed to make some operational changes,” to“ reach a settlement and put years of litigation behind…
Employees at travel insurance startup Faye celebrated the opening of the company's new U.S. headquarters in Henrico County this week, a move that is expected to prompt a couple dozen new hires. The Richmond staff outgrew its previous office space in the downtown Arts District, Rolander said during a Wednesday interview. "We do that from Richmond."
Boston Omaha Corporation announced its financial results for the first quarter ended March 31, 2026, in connection with filing its Quarterly Report on Form 10- Q with the Securities and Exchange Commission. During the first quarter of 2026, we had net other expense of $1.0 million, which included a $1.7 non-cash loss from unconsolidated affiliates mainly…
KKR& Co. Inc. announced today that Scott C. Nuttall, Co-Chief Executive Officer, will present at the Bernstein 42 nd Annual Strategic Decisions Conference on Wednesday, May 27, 2026 at 3:30 PM ET. KKR’ s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. For additional information…
John Unruh, 42, faces up to 10 years in prison and a $20,000 fine for insurance fraud. Authorities alleged that Unruh took out a $225,000 life insurance policy through Mutual of Omaha on his wife, Jade, in April 2025, about two months after she had died of influenza and pneumonia. John Unruh tried to collect on the policy about a week after it was written, according to an…
Authors: Alisha Rao, Anna Mudumala, Elizabeth Hinton, and Cory Caldwell. Medicaid is the primary program providing comprehensive coverage of health care to about 80 million low-income people in the U.S. Medicaid is an insurance program, not a population health system. The public health system in the U.S. is decentralized, with most authorities and programs…
Judge Lydia Griggsby sentenced Philip James Dupree, 42, of Pikesville, to 70 months in prison, followed by two years of supervised release, for conspiracy to commit wire fraud, wire fraud, arson, conspiracy to commit bank fraud, and bank fraud in connection with schemes to defraud an insurance company and three different financial institutions.
May 13– Desperate to get a handle on rising property insurance costs driven by natural disasters, some state lawmakers are opening up a new line of attack in the effort to force oil companies to bear the cost of climate change effects. In three states, Democratic lawmakers introduced bills this session that would allow insurance companies or state attorneys…
Today, Colorado U.S. Senator Michael Bennet released the following statement after he voted against Kevin Warsh's nomination to serve as the Chairman of the Board of Governors of the Federal Reserve System:. "Today, I voted against confirming Kevin Warsh to serve as Chair of the Federal Reserve. An independent Federal Reserve is an essential feature of our…
President Donald Trump announced a proposal this week that would expand insurance coverage for fertility treatments like IVF, as he said his Trump Rx program has already saved Americans millions in dollars for IVF drugs. Trump also boasted that his Trump Rx program has resulted in millions in savings for IVF drugs. Katie Britt knows that better than anybody, "…
Starting in June, Washingtonians on Premera Blue Cross insurance may no longer pay in-network rates at MultiCare hospitals and clinics, if the insurer and healthcare organization can't agree on reimbursements. This includes Yakima Memorial Hospital, Tacoma General Hospital and Capital Medical Center in Olympia. While Overlake Medical Center in Bellevue…
Where you live, how much you earn and whether you can afford health insurance can shape far more than your medical bills in Texas. Texas performed better for Native Americans, ranking second out of 21 states measured, and ranked 17th out of 33 states measured for Asian Americans, Native Hawaiians and Pacific Islanders. "Texas has the highest uninsured rate for…
Kim Reynolds, according to the Iowa Medical Society. Reynolds signed the bill at Monroe County Hospital and Clinics in Albia, according to the Iowa Medical Society, a statewide organization that advocates on behalf of Iowa doctors. "This law addresses a high priority for physicians across Iowa— fewer barriers to care and decisions grounded in clinical…
Legislation requiring insurance companies to submit proposed rate increases to the Oklahoma Insurance Department for review prior to taking, rather than raising rates first and notifying the state afterward, has been signed into law. Aaron Reinhardt, R- Jenks, changes how property and casualty insurance rate filings are handled in Oklahoma by moving the…
It's understandable that North Carolina Gov. Josh Stein decided to host a signing ceremony last week that featured a smattering of legislative Republicans when he approved new "compromise" legislation to extend funding for the state's Medicaid health insurance program. After having enjoyed precious few policy wins and endured 16 months of relentless and…
AM Best has assigned a Financial Strength Rating of A and a Long-Term Issuer Credit Rating of“ a” of Builders Alliance Insurance Company. At the same time, AM Best has downgraded the Long-Term ICRs to“ a” from“ a+” and affirmed the FSR of A of Builders Mutual Insurance Company and Builders Premier Insurance Company. These companies are collectively referred to as…
AM Best has upgraded the Long-Term Issuer Credit Rating to“ aa” from“ aa-” and affirmed the Financial Strength Rating of A+ of MS Amlin AG. The company is a subsidiary of Mitsui Sumitomo Insurance Company, Limited. The company, with its operating hubs in Zurich, Bermuda and the United States, is a key platform for MS&AD’ s strategy to increase its exposure to international…
