Insurity, a leading provider of cloud-based software for insurance carriers, brokers, and MGAs, today announced new findings from its 2025 AI in Insurance Report, uncovering regional disparities in consumer attitudes toward AI-driven solutions in P&C insurance. According to the report, the regions of New England at 62% and West North Central at 57% show the…
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Four days into a rehab stint, a 32- year-old relapsed opioid addict called her mother to say she was being discharged over an insurance issue. Terry "s daughter" s experience is not unique, according to two Las Vegas addiction treatment centers that had contracts with the insurer to provide services, including detoxification and residential treatment.
Residential treatment for addiction is expected to become more available to Nevada Medicaid beneficiaries this year, even as congressional Republicans consider cuts to the insurance program for low-income people. In December 2022, the federal government gave approval for a requirement that managed-care organizations in Nevada cover residential…
Amid rising concerns over unjust health insurance claim denials and the recent tragic events in the industry, Pegasus Legal Capital steps in to offer financial support to patients fighting for their right to medical treatment, bridging the gap between denied claims and essential care with their innovative funding initiative. NEW YORK, Feb. 27, 2025/…
"The Trump Administration should be making every effort to strengthen the CFPB- but instead, you are undermining it," Warren and Schiff wrote. DOGE representatives infiltrated the agency Feb. 6 with the publicly stated aim of finding areas where the CFPB budget can be cut. In a November post, Musk spotlighted the CFPB as an example of a "duplicative" government agency…
NFP, An Aon Company, Acquires Lyons Insurance Agency, Inc., Expanding Footprint in Delaware Acquisition of multidisciplinary broker brings additional P&C, employee benefits, and personal lines capabilities and relationships to NFP's Atlantic region. NEW YORK, Feb. 27, 2025- NFP, an Aon company and leading property and casualty broker, benefits consultant,…
OGDENSBURG- The state Department of Corrections& Community Supervision will be docking pay and looking to terminate the state sponsored health insurance of any corrections officer who is striking at any of the dozens of correctional facilities across the state. On Saturday afternoon, Thomas Mailey, the director of public information at DOCCS, provided an…
Carle Health announced on Feb. 25 that subsidiaries Health Alliance and FirstCarolinaCare will cease operating all lines of business except Medicare Advantage on Jan. 1, 2026. FirstCarolinaCare joined Carle Health in 2020. FCC is a not-for-profit insurance company owned by FirstHealth of the Carolinas and the Illinois- based Carle Health.
The state's insurance commissioner and representatives of State Farm are scheduled to meet Wednesday in Oakland to discuss the insurance company's request for a double-digit rate hike. A Feb. 3 letter to California's insurance commissioner Ricardo Lara outlined State Farm's request of a 22% rate hike on homeowner policies; 15% more on condominium owners;…
AmTrust Title Insurance Company, a wholly owned subsidiary of AmTrust Financial Services, Inc., today announced the appointment of Netanel Hershtik as Underwriting Counsel& Business Development to support AmTrust Title’ s continued growth in New York. Netanel holds a Master of Laws in intellectual property law, a Master of Laws in comparative law from the…
As Californians continue to face skyrocketing insurance rates in the aftermath of numerous deadly firestorms over the past decade, Senate Leader Mike McGuire and a coalition of senators are moving forward with solutions to help stabilize the state's insurance market. Just a few weeks ago, the Senate announced a sweeping legislative package— the Golden…
Enhance Health LLC, an insurance agency that two years ago said it planned to hire 800 workers in Broward County, now plans to lay off 196 workers and close its Sunrise headquarters. At a lunch event in May 2023, Broward County "s public-private workforce development agency, Greater Fort Lauderdale Alliance, announced Enhance Health" s move to offices in Sunrise…
Some of the fiercest anger has been directed toward insurance companies after the revelation that State Farm had chosen not to renew policies in Pacific Palisades in the months leading up to the fires. Even California's former insurance commissioner has called on insurance companies to step up and do more. Insurance experts have been sounding the alarm that…
Lawmakers in the 1970 s designed no-fault insurance laws to lower car insurance premiums by reducing the number of expensive lawsuits to decide fault. No-fault systems suffer from patchy insurance laws and low "tort" thresholds, which describe how costly or severe an injury has to be before a driver can sue, said Insurify Carrier Relationships Manager Daniel…
The stock market seems to be taking uncertainty in stride, as I write this column. Neither economic concerns over the impact of tariffs nor the political concerns revolving around the rule of law have so far dented enthusiasm for American stocks. Chicken money belongs in FDIC- insured banks, in money-market deposit accounts or CDs with maturities of less than…
Earnings News Release• Three months ended January 31, 2025. This quarterly Earnings News Release should be read in conjunction with the Bank's unaudited first quarter 2025 Report to Shareholders for the three months ended January 31, 2025, prepared in accordance with International Financial Reporting Standards as issued by the International Accounting…
For the period ended January 31, 2025. For further information, please contact:. The Consolidated Financial Statements are prepared in compliance with International Financial Reporting Standards as issued by the International Accounting Standards Board and International Accounting Standard 34, Interim Financial Reporting unless otherwise noted.
Royal Bank of Canada first quarter 2025 results. TORONTO, February 27, 2025- Royal Bank of Canada 4 today reported record net income of $5.1 billion for the quarter ended January 31, 2025, up $1.5 billion or 43% from the prior year. The inclusion of HSBC Bank Canada results 5 increased net income by $214 million.
Unum Group announced today that its Unum Life Insurance Company of America subsidiary has agreed to enter into an agreement to cede to Fortitude Reinsurance Company Ltd., on a coinsurance basis, individual LTC insurance policies representing 19% of Unum’s total LTC block and a quota share of IDI policies reinsured from an affiliate representing 20% of…
