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Best’s Market Segment Report: Australia’s Non-Life Insurance Segment Navigating Growth in a Volatile Landscape

2 hours ago Reinsurance No comments.

Australia’ s non-life insurance industry has been resilient against an increasingly complex and interconnected risk landscape, with total insurance revenue for the non-life market reaching approximately AUD 77.7 billion for the fiscal year ended 30 June 2025. According to the Best’ s Market Segment Report,“ Australia’ s Non-Life Insurance Segment:…

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NYC to Run New Affordable Housing Insurance Program

4 hours ago

New York City Mayor Zohran Mamdani on Thursday announced a new insurance program that looks to reduce the cost of property and liability insurance for affordable housing and rent-stabilized housing. An inter-agency working group comprised of the New York City Economic Development Corporation, Housing Development Corporation and Housing Preservation…

Alexi Giannoulias: Illinoisans can’t keep paying the price for unchecked car insurance rates

7 hours ago

That principle is at the heart of the Driving Change legislation our office is championing in Springfield, which would move Illinois toward a fairer, more affordable system that prioritizes what should matter most: a driver's record behind the wheel. This proposal is part of Senate Bill 1486, which also aims to rein in the surging cost of homeowners' insurance…

AFRICAN DEVELOPMENT BANK AND GOVERNMENT OF ITALY SIGN CO-FINANCING AGREEMENT TO STRENGTHEN PARTNERSHIP FOR SUPPORT TO KEY SECTORS IN AFRICA

7 hours ago

The Government of Italy, through the Ministry of Economy and Finance and the Ministry of Foreign Affairs and International Cooperation and the African Development Bank Group have signed a bilateral co-financing agreement strengthening their strategic partnership to support priority projects across key sectors in Africa, including energy,…

Trump admin seeks health-care price transparency

10 hours ago

The Office of Personnel Management requested comments from industry leaders and health-care experts on transparency within claims data for federal employee health insurance plans. “Hospitals and other medical providers set their prices, and they benefit from the opacity,” England told The Center Square.“ They benefit from the fact that it’ s just hard to see.”.

OID approved in effort to make health coverage more affordable

13 hours ago

OKLAHOMA CITY— The Oklahoma Insurance Department received approval from the Centers for Medicare and Medicaid Services to transition to a State-based Exchange on the Federal Platform, effective May 1, marking a major milestone in Oklahoma's efforts to help stabilize the individual health insurance market, make coverage more affordable, and expand…

Illinoisans can't keep paying the price

13 hours ago

That principle is at the heart of the Driving Change legislation our office is championing in Spring-field, which would move Illinois toward a fairer, more affordable system that prioritizes what should matter most: a driver's record behind the wheel. This proposal is part of Senate Bill 1486, which also aims to rein in the surging cost of homeowners' insurance…

MEDICAID COST-SHARING COVERAGE VETO SUSTAINED

15 hours ago

The following information was released by the Nebraska Unicameral Legislature:. LB929, introduced by Omaha Sen. John Fredrickson, would have allowed Medicaid managed care organizations to cover deductibles, co-insurance, copayments or similar cost-sharing charges on behalf of Medicaid enrollees to the extent allowed under federal law.

MEDICAID COST-SHARING COVERAGE APPROVED

15 hours ago

The following information was released by the Nebraska Unicameral Legislature:. LB929, sponsored by Omaha Sen. John Fredrickson, allows Medicaid managed care organizations to cover deductibles, co-insurance, copayments or similar cost-sharing charges on behalf of Medicaid enrollees to the extent allowed under federal law.

Rising Medical Malpractice Payouts Drive Push for Tort Reform

16 hours ago

Medical professionals, insurance companies and government representatives are calling for tort reform, and warning that without it, Alabama is going to struggle economically. According to the Alabama Department of Insurance, total payouts from insurers rose by 140 percent from $9.6 million in 2020 to $23.5 million in 2024.. The Medical Liability Act of 1987…

DeSantis administration gets pushback for its child health policies

April 18, 2026

The DeSantis administration has not expanded Florida families' access to a low-cost health insurance plan for children despite a 2023 law requiring it to do so. During a Joint Legislative Budget Commission meeting held Friday, Medicaid Director Brian Meyer said enrollment in the Florida KidCare program was lower than what the state's top economists had…

Minnesota health plan; the real story

April 18, 2026

In Zumbrota, Minnesota the owner of the News Record newspaper reported his healthcare premium costs are $2,100 per month, for two adults, and they have a $17,000 deductible plan. The easy math $2,100 x 12 months $25,200 for the first year, plus no cost sharing until your expenses are over $17,000; summary $42,200 for the first year before the insurance company pays.

LIFESPAN: Tickets? Check. Medical insurance coverage? Better check on that

April 18, 2026

Puerto Rico, U.S. Virgin Islands, Guam, the Northern Mariana Islands and American Samoa are considered part of the U.S. Anywhere else is consider outside of the U.S.. The State Health Insurance Assistance Program, reports that while you are in Canada traveling directly between Alaska and another U.S. state, and something happens, if the nearest treating hospital is…

Trump admin seeks health-care price transparency

April 18, 2026

The Office of Personnel Management requested comments from industry leaders and health-care experts on transparency within claims data for federal employee health insurance plans. "Hospitals and other medical providers set their prices, and they benefit from the opacity," England told The Center Square. England said that open access to claims data could…

Costs of Illinois state employee health benefits continue steep rise

April 18, 2026

SPRINGFIELD– Health insurance costs are expected to take a bigger bite out of the state's budget and out of state employees' pocketbooks next year. Officials from the Department of Central Management Services told a legislative panel Tuesday they expect to see an increase of $380 million, or 9%, in total costs to the system in fiscal year 2027.

Health care deductibles could double, triple after School Board vote

April 18, 2026

SARASOTA— Two months after the Sarasota County School Board reopened negotiations with a local teachers union over budget concerns, an impact on district employees has been revealed. At its Tuesday meeting, the School Board will decide on the employee health insurance plan for 2026.. Back in February, the district reopened negotiations with teacher union…

Orange bail bonds company helped owner coerce jailed women for sex, lawsuit claims

April 18, 2026

An Orange County bail bonds company is being sued after its employees helped its owner coerce jailed women into having sex with him in exchange for their freedom, according to the lawsuit. Three women, using their initials to remain anonymous, filed the suit Friday in federal court in Orlando against Moncrief Bail Bonds. All three women in the lawsuit against his…

WHY POLITICAL PRESSURE ON CENTRAL BANKS CAN RAISE YOUR BORROWING COSTS

April 18, 2026

The following information was released by the University of Virginia's Darden Graduate School of Business Administration:. Over the past year, President Trump has intensified pressure on the Federal Reserve and Chair Jerome Powell to lower interest rates in a bid to boost the economy and cut borrowing costs. The question of central bank independence came up…

KLUNK SHARES FOSTER CARE, PROFESSIONAL LIABILITY INSURANCE EXPERTISE AT NATIONAL POLICY ROUNDTABLE

April 18, 2026

The following information was released by Pennsylvania House of Representatives, Republican Caucus:. The event, hosted by the U.S. Administration for Children and Families in Washington, D.C., brought together experts from across the country to better shape the insurance landscape for an industry that serves one of the most vulnerable groups of children in…

MICHIGAN DEPARTMENT OF INSURANCE AND FINANCIAL SERVICES OFFERS INSURANCE TIPS FOLLOWING STATEWIDE FLOODING, SEVERE WEATHER

April 18, 2026

Following the severe weather and flooding that has continued to impact many Michigan communities this week, the Michigan Department of Insurance and Financial Services is providing tips and resources to help residents with filing insurance claims and protecting themselves from fraud. As recovery begins, it's normal for consumers to have questions about…

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