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California lawmaker proposes income tax deduction for homeowners’ insurance

March 23, 2026

Billed as an effort to tackle affordability issues in the state, a new proposal pitched last week by an Orange County legislator would offer a full state income tax deduction for homeowners insurance premiums. Editor "s note: Sacramento Snapshot is a weekly series during the legislative session detailing what Orange County" s representatives in the Assembly…

Beauty & Bodywork Insurance Releases 2025 Claims Report on Salon and Spa Risk

March 23, 2026

PLEASANT GROVE, UTAH- March 23, 2026- Beauty& Bodywork Insurance, a provider of niche insurance products designed for beauty, wellness, and bodywork professionals nationwide, today released new industry data drawn from real insurance claims with 2025 dates of loss, paired with findings from a nationwide consumer survey. The report offers a closer look at the…

UNDERSTANDING FLOOD INSURANCE COVERAGE AS STORMY WEATHER CONTINUES

March 23, 2026

The following information was released by the office of the Governor of Hawaii:. With more severe weather in the forecast, the Hawai'i Department of Commerce and Consumer Affairs Insurance Division encourages residents to know what their policies cover so they can efficiently recover any losses after the storm passes. Flood insurance is separate from…

CHINA TO MAINTAIN SUPPORTIVE MONETARY POLICY STANCE: CENTRAL BANK

March 23, 2026

China will maintain a supportive monetary policy stance to create a favorable monetary and financial environment for stable economic growth, high-quality development, and the smooth operation of financial markets, the central bank governor said on Sunday. Pan Gongsheng, governor of the People's Bank of China, made the remarks at the China Development Forum…

Everest Announces Agreement to Sell Canadian Retail Insurance Operations to The Wawanesa Mutual Insurance Company

March 23, 2026

Everest Group, Ltd., a global specialty reinsurance and insurance leader, today announced that it has signed a definitive agreement to sell its Canadian Retail Insurance operations, Everest Insurance Company of Canada, to The Wawanesa Mutual Insurance Company. This transaction marks another decisive step in Everest’ s strategic repositioning and advances…

Fed Holds Rates Steady as Iran War Casts a Shadow Over the U.S. Economic Outlook

March 23, 2026

-The Federal Reserve voted Wednesday to keep its benchmark interest rate unchanged, holding it in the 3.5% to 3.75% range for the second consecutive meeting as policymakers confront a murky economic landscape shaped in part by the expanding U.S. war in Iran. In its post meeting statement, the Fed said economic uncertainty remains elevated, noting that the full…

Best’s Special Report: US Property/Casualty Insurance Industry Sees Underwriting Income Nearly Triple to $61 Billion in 2025

March 23, 2026

These preliminary results are detailed in a new Best’ s Special Report, titled,“ First Look: 2025 US Property/Casualty Financial Results,” and the data is derived from companies’ annual statutory statements received as of March 9, representing an estimated 96% of the P/C industry’ s net premiums written. The P/C industry also saw a 9% increase in net investment…

Starr Completes Acquisition of IQUW Group

March 23, 2026

NEW YORK& LONDON—- Starr, a global investment and insurance organization, today announced that it has completed its acquisition of IQUW Group, creating a broader, more diversified specialty insurance platform with enhanced capabilities across the London market, Bermuda and UK retail motor. With IQUW Group, Starr has strengthened its position in the London…

Credentialing Complexities Continue to Challenge Physician Practices

March 23, 2026

In healthcare administration, few processes are as critical as physician credentialing. The process determines whether physicians can participate in insurance networks and be reimbursed for patient care. According to Stewart Garner, principal in Kassouf's Healthcare Tax and Advisory Group, many of the current administrative pressures stem from the…

Berkshire Hathaway Specialty Insurance Launches Executive First D&O Liability Insurance Policies in Switzerland

March 23, 2026

BOSTON& ZURICH—- Berkshire Hathaway Specialty Insurance today announced the introduction of two new Executive First D&O Liability Insurance policies in Switzerland: one tailored for commercial and industrial organizations and another for financial institutions and investment managers. In addition to Executive First D&O Liability Insurance, BHSI’ s…

FICO UK Credit Card Market Report: January 2026

March 23, 2026

However, with spending lower year-on-year and increases in missed payments, the financial pressures that were a feature of the UK economy for the majority of 2025 have continued into the new year, requiring risk and collections teams to remain vigilant. Spending fell by 9.4% month-on-month to an average of £755; 1.8% lower than January 2025 this is a clear…

Massachusetts probed over abortion coverage mandate

March 22, 2026

BOSTON— Massachusetts is being investigated by the Trump administration for alleged violations of federal law over a 2023 state mandate requiring private health insurers to cover abortion services. The U.S. Department of Health and Human Services said Thursday it has launched investigations of Massachusetts and a dozen other states over claims they are…

CT leaders debate how to fix health care: Blunt federal cuts, up reimbursement or kill private health care?

March 22, 2026

For decades, Connecticut and federal lawmakers have tried in vain to rein in medical costs as expenses have continued to soar for patients and employers. The 36- page bill calls for the creation of a new "Connecticut Option" and the Connecticut Affordable Health Insurance Trust Fund that would include $200 million from an emergency response fund of $500…

When health insurance costs $2,500 per month, families make tough choices

March 22, 2026

Parveen Vohra and Ken Warner had an expensive year in 2025. They're in their mid-50s, and they live in Manchester, Conn., with two dogs and three cats. "In 2025, we were paying $630 per month total to cover the two of us for the medical, and it was like another $100 for the dental," Warner explains.

Many ACA Customers Are Paying Higher Premiums. Most Blame Trump And Republicans, Poll Finds.

March 21, 2026

About 9% said they had to forgo insurance, according to the survey by KFF, a health information nonprofit that includes KFF Health News. He didn't qualify for enough of a tax credit to defray the cost, he said, after Congress gridlocked on an extension of more-generous subsidies put in place under President Joe Biden. "As it happened, the Lord provided and my…

In U.S. Health Insurance Market, Consolidation Of Insurers Is Increasing Premiums

March 21, 2026

The U.S. health insurance industry relies heavily on private markets, but these markets are highly concentrated and are growing more so over time. “The U.S. health insurance system will work only as well as the health insurance markets that underpin it,” says Martin Gaynor, emeritus professor of economics and public policy at Carnegie Mellon’ s Heinz College, who…

Health insurance jargon can be frustrating and confusing – here's how to navigate it

March 21, 2026

–Since the Affordable Care Act subsidies expired at the end of 2025, Americans have undoubtedly been encountering a great deal of confusing information surrounding health care costs and insurance plans. From five-figure deductibles to premiums higher than people's mortgages, costs are rising across the board. With this comes difficult decisions around…

Minnesota Blue Cross CEO steps down from Sutter Health board over conflict of interest

March 21, 2026

Blue Cross and Blue Shield of Minnesota CEO Dana Erickson has stepped down from the board of directors at Sutter Health over conflict-of-interest concerns, leaving just two days before the California- based nonprofit announced a deal to acquire Minneapolis- based Allina Health. Blue Cross is the largest nonprofit health insurer in Minnesota and pays bills…

'No-cost" Lantern surgical benefit has modest early use from SHP members

March 21, 2026

The State Health Plan's partnership with Lantern, a Specialty Care platform has affected 406 completed surgical cases since its debut in October. The SHP Board of Directors were presented with a presentation on Lantern at its March 17 quarterly meeting. Treasurer Brad Briner said the Lantern plan involves a network of surgeons and specialists it is…

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