This story has been updated. Connecticut officials joined advocates and researchers at the Federal Reserve Bank of New York on Thursday to talk about the state’s trailblazing ‘baby bonds’ program, and how it might ultimately serve as a proving ground for efforts around the country.
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By William Nibbelin, Senior Research Actuary, Triple-I The U.S. Property & Casualty insurance market is expected to continue its trajectory of improving underwriting results in 2024 into 2025 and 2026, according to the latest projections by actuaries at Triple-I and Milliman. The latest report – Insurance Economics and Underwriting Projections: A Forward View – was…
In the months before thousands of Los Angeles homes went up in flames, property insurance companies dropped coverage in many neighborhoods of the city, citing the growing wildfire risks caused by climate change. As a result, a fast-growing number of California residents have switched to a state-backed “last resort” insurance plan. That plan has taken […]
Legislation introduced on Jan. 14 by U.S. Reps. Buddy Carter (R-GA), Vern Buchanan (R-FL), and Mike Kelly (R-PA) would reinstate individuals’ access to short-term, limited-duration insurance (STLDI) plans, which offer Americans affordable, temporary health coverage options. “Limiting Americans’ access to Read more… The post Carter, Buchanan, Kelly offer bill to extend…
The state's largest insurer has advocated for using Medicaid expansion dollars to pay for private plans for people in the coverage gap.
Oklahoma lawmakers need to address insurance shortcomings that deprive many of the ability to receive the proper health care they need
Across the country, whether it’s about skyrocketing costs or access to care, there seems to be wide agreement that health insurance is broken.
While insurance analysts are optimistic about the changes, it isn't clear if it is enough to stop the exodus of insurers from California. NO: Major insurance companies like State Farm and Allstate had already stopped issuing new policies in California prior to the recent fires, and the losses from these fires are going to be enormous. Proposition 103, which…
More Michigan residents need access to affordable housing and health insurance, according to a lawmaker pushing for change. Rep. Carrie Rheingans, D-Ann Arbor, a public health policy expert, marks the issues as priorities. This week, she introduced House Bill 4009 to repeal Michigan’s 1988 ban on rent stabilization. She said it would restore local control…
On the brink of the new year, the Massachusetts Attorney General’ s Office secured a landmark $165 million judgment, including civil penalties and restitution, against three UnitedHealth insurance companies: HealthMarkets, Inc. and its subsidiaries; The Chesapeake Life Insurance Company; and HealthMarkets Insurance Agency Inc.. The Suffolk Superior Court…
In the months before thousands of Los Angeles homes went up in flames, property insurance companies dropped coverage in many neighborhoods of the city, citing the growing wildfire risks caused by climate change.
Yoni Assia, co-founder and CEO, eToro Doron Letzter (eToro pic) eToro, the trailblazing Israeli-founded retail trading platform, has set its sights on the public market with a bold stride forward. The company has confidentially submitted filings to the U.S. Securities and Exchange Commission (SEC), signaling its intent to go public in a move that could…
Two insurers– State Farm General and the California FAIR Plan– cover more homes in the areas where the Los Angeles County fires have burned than any others, according to a Chronicle analysis. By analyzing data from the ZIP codes that overlap the Palisades, Eaton and Hurst fire perimeters, the Chronicle found State Farm insures about 20% of residential policies in…
UnitedHealth Group's top executive said the company's murdered health insurance executive Brian Thompson worked to make the nation's health care system better for everyone. UnitedHealth Group CEO Andrew Witty also acknowledged the U.S. health care system is confusing and must improve, citing high prices of medical services as the "root cause" of the…
After helping drive major insurers to flee the state, red tape from California’s liberal insurance regulators is poised to hamper rebuilding Los Angeles-areas communities in the wake of devastating wildfires.
(The Center Square) – President-elect Donald Trump’s nominee to lead the Treasury Department said federal spending is "out of control." Scott Bessent, an investor and hedge fund manager, testified Thursday before the U.S. Senate Finance Committee.
A proposed Arkansas law would forbid pharmacy benefit managers (PBMs) from holding or acquiring interest in retail pharmacy permits, the latest effort from state officials to crack down on the companies said to be bleeding pharmacies dry nationwide. Lawmakers and pharmacy advocates promoted the newly filed House Bill 1150 at a press conference in the […]
State Treasurer Erick Russell speaking at the CT Mirror “In The Room” event in New Haven on Wednesday, June 26, 2024. Russell was one of the panelists at a conference at the Federal Reserve about baby bonds. " data-medium-file="https://ctmirror-images.s3.amazonaws.com/wp-content/uploads/2024/06/2024_0626_THM_ITRErickRussell-1-336×224.jpg"…
Health insurance Houston faces significant challenges as rising costs, scrutiny, and regulatory changes create an uncertain future for insurers and policyholders alike. The industry must adapt to shifting dynamics as it enters the new year.
