Prior authorization has long been a care and coverage bottleneck for all involved— patients, members, providers, and payers. In January 2024, the Centers for Medicare& Medicaid Services finalized requirements to streamline the prior authorization process; this proposed requirement will be enacted in January 2026. According to an American Medical…
INN Insider News
South Dakota is followed only by North Carolina in a new national ranking of health care expenses based on the cost of medical care and insurance.
Homeowners in Florida paid an average annual insurance premium of nearly $11,000 in 2023, the highest in the U.S., a cost that is becoming unsustainable for many families and that in 2024 is projected to increase by 7% more, according to a report by Insurify.
Insurance companies who disagreed with a federal magistrate judge who felt their RICO lawsuit against Houston-area chiropractors have lost.
President Biden promised the federal government would step in to cover costs to rebuild the Baltimore bridge that collapsed when a container ship slammed into it March 26, but ultimately, it will likely be a pool of reinsurance funds that bears the brunt of costs when everything is sorted out years from now, insurance specialists say.
Earthquakes such as those in Turkey and Syria, the string of severe convective storms due to global warming and consequent urban flooding, and the tropical cyclones that occurred in 2023 caused insurance companies in the United States and Europe to lose $108 billion.
Car insurance rates are as unique as each driver.
Inflation has been in the news a lot in recent years due to its rampant nature.
Regina Hill faces up to 180 years in prison on seven felony charges of exploiting the elderly and fraud, the FDLE says.
Former licensed insurance agent Brett E. Lovett, 53, of Camarillo, California, was found guilty of 29 felony counts including grand theft, elder abuse, money laundering, and burglary after a 15- month California Department of Insurance investigation reportedly found he defrauded at least nine victims, including senior citizens, of nearly $1.2 million.
The collapse of Batimore’ s Francis Scott Key Bridge could cost as much as $4 billion in claims— the largest marine insurance payout in history, analysts said. Morningstar DBRS analysts estimated that the insured losses caused by the Dali cargo ship crash that has also shut down the bustling Port of Baltimore could total between $2 billion and $4 billion.
A federal judge slapped Sam Bankman-Fried with a 25-year sentence on Thursday for his role in bankrupting crytocurrency platform FTX and defrauding its customers, completing his downfall from quirky billionaire philanthropist to convicted felon. Driving the news: Judge Lewis Kaplan chose a much harsher sentence for the disgraced crypto mogul than than the defense's recommendation…
In a March 20, 2024, letter to California Insurance Commissioner, Ricardo Lara, State Farm's Chief Executive Officer, Denise Hardin, advised, that State Farm's "capital position has severely deteriorated, and we are increasingly concerned about its financial well-being." In the letter, Ms. Hardin explained that between 2016 and 2023, State Farm's policy holder…
With more California homeowners just discovering their insurance policies are getting canceled— and hundreds of thousands of others stuck with a pricey option of last resort— state Insurance Commissioner Ricardo Lara's efforts to fix the home insurance market can't come quickly enough. State law gives the Insurance Department the power to approve or deny…
MEMPHIS, Tenn.– Two women were taken to jail after police say they pulled a gun out on their grandparents for insurance money at their Frayser home Monday morning. Dallas Douglass, 25, is charged with aggravated assault. On March 25 just before noon, officers say they responded to an aggravated assault call at a home on Canfield Avenue.
The deadline for seniors to modify their Medicare Advantage plans is set for March 31, with the next opportunity not available until fall. As these plans have private control and a bundled structure, over half of the elderly population relies on them. Seniors are advised to review and make changes to their plans early. These include switching to another Advantage plan or reverting…
Rep. Lori Houghton, D-Essex Junction, chair of the House Health Care Committee, questions Sarah Teachout of Blue Cross/Blue Shield of Vermont during Teachout’s testimony at the Statehouse in Montpelier on Feb. 14. Photo by Glenn Russell/VTDigger Credit: Glenn Russell The Vermont House voted Tuesday to give preliminary approval to a bill that would expand access to federal health…
Federal Reserve Governor Christopher Waller believes there is no rush to lower U.S. central bank interest rates, stressing that recent economic data justifies delaying or reducing the number of cuts planned for this year. "In my view, it is appropriate to reduce the overall number of rate cuts or delay them further into the future in response to recent data," the…
John DeSalvo, 47, of Linwood, pleaded guilty in federal court in Newark to two counts of securities fraud, according to a statement from the U.S. Attorney’ s Office District of New Jersey. He told potential investors they were guaranteed rates of return of more than 20% with zero risk and tricked them with a series of misrepresentations, including that the coin was…