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Legal System Abuse, Economic Inflation Driving Higher Liability Claim Costs, Triple-I Finds

41 minutes ago Reinsurance No comments.

U.S. auto and general liability insurers incurred an estimated $274.8 billion to $337 billion in additional losses and related expenses between 2016 and 2025 beyond what general economic inflation alone can explain due to the escalating impacts of legal system abuse, according to updated research from the Insurance Information Institute.

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Oscar Health Inc. (NYSE: OSCR) Draws the Stock Spotlight on Nov. 12

43 minutes ago

Oscar Health, Inc. (NYSE: OSCR) is the focus of IBN’s latest stock spotlight. The company’s shares have moved -2.34% on the day to $31.36. Oscar Health, Inc. operates as a health insurance provider across the United States. Its offerings include various health plans such as those for individuals and families, small businesses, and Medicare Advantage […]

Best’s Special Report: AM Best Issues FAQ on Rating Captives and Other Alternative Risk Transfer Entities

1 hour ago

A new Best’ s Special Report addresses frequently asked questions about AM Best’ s treatment of cell captive insurance companies and other alternative risk transfer entities within the framework of its Best’ s Credit Rating Methodology. The original source-language text of this announcement is the official, authoritative version. Translations are…

Duet Raises $15M to Scale Nurse Practitioner-Owned Clinics, Filling Critical Primary Care Gap

2 hours ago

Duet, the largest network of nurse practitioner-owned primary care practices in the U.S., today announced a $15 million Series A funding round, bringing its total raised to date to $22.5 million. Duet also announced plans to launch the first-ever NP-led Medicare Accountable Care Organization in 2027, putting NP practices at the center of a care model…

Sidecar Health Named a Finalist in the 2026 Fierce Innovation Awards

2 hours ago

Sidecar Health today announced that it has been named a finalist for the 2026 Fierce Innovation Awards in the Financial Solutions category. Sidecar Health offers ACA-compliant major medical health insurance without network restrictions or prior authorization. “Patients have never had a way to easily know what a doctor’ s visit costs before they walk in,” said…

domusIQ Partners with Insurity to Power Underwriting and Risk Intelligence with SpatialKey

2 hours ago

Insurity, a leading provider of cloud-based software for property and casualty insurance carriers, brokers, and MGAs, today announced that domusIQ, an AI-native platform offering property risk advisory and real-time monitoring technology, has adopted Insurity’s SpatialKey platform to power its underwriting and risk intelligence capabilities.

AM Best Affirms Credit Ratings of Marble Reinsurance Corporation

2 hours ago

AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Marble Reinsurance Corporation. The outlook of these Credit Ratings is stable. For fiscal-year ending 31 March 2026, the company recorded a moderate increase in premium income, primarily driven by the growth in its captive business and the commencement of…

Open enrollment set to begin Nov. 1

2 hours ago

ALBANY— New Yorkers can begin renewing their health insurance or enrolling in a new policy for 2027 through the state-run marketplace beginning Nov. 1, when the state's open enrollment period begins. More than 800,000 New Yorkers are up for renewal this enrollment season, including those enrolled in individual and small group market plans, according to the…

OPINION: Imperial County’s dental care gap goes beyond insurance coverage

2 hours ago

That should be Imperial County's standard for judging California's new dental insurance law: not whether the paperwork improves, but whether patients can get treatment without having to pay the entire bill upfront and wait for reimbursement. But California should not mistake a better payment process for a solution to the larger problem of access to dental…

Accelerant Announces Third Quarter 2026 Results

3 hours ago

Accelerant Holdings, the data-driven risk exchange platform transforming the specialty insurance marketplace through the Accelerant Risk Exchange, today announced financial results for the third quarter ended September 30, 2026. We remain excited about our pending transaction with Thoma Bravo and continue to expect a first half 2027 close.”.

It’s time to review your health insurance options for 2027

3 hours ago

Open enrollment for 2027 ACA policies runs from Nov. 1, to Jan. 15, 2027. You must sign up by Dec. 15, to ensure your coverage will begin on Jan. 1, 2027. Coverage for those who sign up after Dec. 15, will begin on Feb. 1, 2027.

'A good start'

3 hours ago

Blanca Bonilla was trying to help an older couple find health insurance they could afford after the husband was laid off from his job in the northern Shenandoah Valley. They weren't old enough for Medicare coverage and earned too much for other public health subsidies, and Congress had allowed enhanced federal health insurance premium subsidies to expire at…

America's affordability crisis is about supply, not inflation

3 hours ago

This will put even more attention on the Federal Reserve: Will Chair Kevin Warsh do all he can to bring down inflation or placate the White House, which wants lower interest rates? They lie with Congress, which has two years to engineer real relief before the ballot box is back in play. Apollo Global Management Inc. Chief Economist Torsten Slok estimates the Fed…

'Caregiver Week' honors Hill healthcare expert

5 hours ago

Susan Sargent, a longtime Chestnut Hill resident who died Nov. 28, 2024, two days before her 75th birthday, was a nationally recognized leader in expanding health insurance coverage for behavioral health services, working with many of the nation's leading systems and advising many state and federal policy leaders. Presented during National Family…

'I don't know if we've seen the worst of what's coming.' Medicaid changes loom for Kentuckians.

8 hours ago

Significant changes enacted by Congress and the Kentucky General Assembly are coming to Kentucky's $22 billion- a-year Medicaid program that provides health coverage for 1.3 million people including more than 600,000 children– making it the state's single largest health plan. Kentucky officials worry that many beneficiaries don't understand the…

Tree Frog Insurance Services opens downtown Racine office

12 hours ago

This afternoon, we celebrated the opening of Tree Frog Insurance Services' new location in Downtown Racine with a ribbon cutting. Tree Frog Insurance Services is an independent insurance agency providing personalized insurance and risk management solutions for individuals, families, and businesses throughout Wisconsin and Illinois.

Recent Findings from University of Maryland School of Medicine Has Provided New Data on Managed Care (Medicare Part D utilization management for negotiated drugs and within-class comparators, 2019-2026): Managed Care

14 hours ago

2026 NOV 11– By a News Reporter-Staff News Editor at Insurance Daily News– Investigators discuss new findings in Managed Care. According to news reporting originating from Baltimore, Maryland, by NewsRx correspondents, research stated,“ The Inflation Reduction Act requires Medicare drug plans to cover medications selected for federal price negotiation…

Inflation runs hotter than expected as higher prices extend beyond the gas station

16 hours ago

WASHINGTON– U.S. inflation was higher than expected last month as the rising prices that powered sweeping Democratic victories in last week's midterm elections appear likely to pose ongoing challenges for the White House and the Federal Reserve. The government did not report a yearly inflation rate because last year's government shutdown meant no data was…

Colorado justices to weigh insurer 'penalty,' parole officer body cams

16 hours ago

The next month, the Weatherills' attorney sought the driver's insurance policy and other details through State Farm, pursuant to the disclosure law. Eight days later, State Farm disclosed the driver's policy. A follow-up inquiry received no response from State Farm.

What a Flood Zone Change Does to a Development Site's Economics

16 hours ago

For anyone holding or acquiring development land on Oahu, it is a site planning matter first, and the insurance follows from it. FEMA's updated Flood Insurance Rate Maps for the City and County of Honolulu took effect on June 10, 2026, the first island-wide remapping in more than a decade. The City reports roughly 3,700 parcels moved into Special Flood Hazard…

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