The Travel Insurance Market is set for steady growth, driven by increasing global travel activities and rising awareness about travel-related risks. The market size was valued at USD 21.6 Billion in 2023 and is expected to grow from USD 23.6 Billion in 2024 to USD 44.6 Billion by 2032, registering a CAGR of 9.5% during the forecast period. Allianz SE AXA…
Newswires
The Electric Vehicle Insurance Market is poised for significant expansion, reflecting the rapid adoption of electric mobility and the evolving needs of EV owners. The market size was valued at USD 77.11 Billion in 2024 and is projected to grow from USD 93.94 Billion in 2025 to USD 555.03 Billion by 2034, registering a strong CAGR of 21.8% during the forecast…
Some Northern California patients may lose coverage at Sutter Health, if the hospital system fails to reach a new contract with Aetna in the coming weeks. Aetna said in a statement that if the groups can’ t reach a deal by then, most Sutter facilities and providers will be out of network for the insurer’ s commercial health plan members. In such negotiations, both the…
Health insurance premium increases for about 300,000 state government employees in 2026 are part of a proposal approved Tuesday by the N.C. State Health Plan's Board of Trustees. For example, recommendations were for monthly premium costs to rise $20 for individuals and families for those making $40,000 or less a year. The proposed increase would be $25 for…
In Iowa, nearly 700,000 people— including 300,000 children— rely on Medicaid for their health care, which is jointly funded by federal and state governments. These are our neighbors, co-workers, classmates, and loved ones, living in every corner of the state. It's not just a safety net, it's a lifeline that keeps Iowa's health care system strong and accessible for…
A Sylva woman is facing felony animal cruelty charges following a shocking encounter reported by local police. Elizabeth Zuniga Perez, 46, has been charged with one felony count of cruelty to animals, as well as misdemeanor counts of driving without an operator's license and no liability insurance. The incident unfolded the morning of May 11, when Officer…
Virginia would face big bills and tough choices if Congress adopts the federal spending cuts GOP committees proposed last week which would shift the cost of food assistance to states, make it harder for people to get health care through Medicaid and cost them more to buy health insurance. A pair of Republican-controlled committees in the House of…
Tom Coyne joined Mutual Benefit Group April 21, as the vice president– personal lines product. Tom Coyne joins the Mutual Benefit Group with a wide range of experiences gathered through over 30 years in the property and casualty insurance business. More recently, Coyne served as the CUO and head of insurance at two start-up operations, before joining Mutual…
Now, legal documents have been filed by UNUM Life Insurance Company of America with the United States District Court of Vermont requesting that the court intercede on how to handle the money, which otherwise would have gone to Crossman Jr. Unum asked the court to be permitted to remit the death benefits into the registry of the court pending judgement, and that…
May 20— AUSTIN— The Texas Oil and Gas Association's Workers' Compensation Safety Group announced Tuesday that member companies collectively earned $2.28 million in safety group dividends from Texas Mutual Insurance Company for prioritizing workplace safety and keeping the group's loss ratio low. This $2.28 million dividend reflects and rewards the…
The state Division of Insurance issued a regulatory bulletin Thursday requiring private health insurance companies to limit the growth of deductibles and copays for patients to the rate of medical inflation— or about 4.8%— effective immediately. Massachusetts Hospital and Health Association President& CEO Steve Walsh praised the Healey administration…
The research, completed in November 2024, analyzed 2,867 claims from 2020 to 2024 using an unsupervised machine learning approach. Nine percent of open claims were identified as high potential for Special Investigation Unit referral. Michigan and Arizona showed the highest percentages of potential fraud indicators. The model’ s predictions closely…
On April 5, 2025, the Federal Reserve Bank of St. Louis Economic Policy Uncertainty Index, which provides a daily uncertainty index based on news, forecasting, and tax codes for the United States, reported its highest score in the past 12 months. In this context, uncertainty means a situation where the outcomes are increasingly hard to measure.
Health insurance premium increases for about 300,000 state government employees in 2026 are part of a proposal approved Tuesday by the N.C. State Health Plan's Board of Trustees. For example, recommendations were for monthly premium costs to rise $20 for individuals and families for those making $40,000 or less a year. The proposed increase would be $25 for…
Law firms throughout the U.S. must continue to navigate the challenges posed by malpractice litigation, including rising settlement costs and errors leading to claims, according to the fifteenth annual survey of Lawyers’ Professional Liability Claims conducted by Eileen Garczynski, Esq., Principal at EPIC Law Firm Group. The survey examined key trends…
In Iowa, nearly 700,000 people— including 300,000 children— rely on Medicaid for their health care, which is jointly funded by federal and state governments. These are our neighbors, co-workers, classmates, and loved ones, living in every corner of the state. It's not just a safety net, it's a lifeline that keeps Iowa's health care system strong and accessible for…
TRIAD— A scam making the rounds locally involves an insurance angle, consumer advocates warn. The insurance letter is a variation of a phishing scam designed to trick people into revealing personal information about themselves, said Lechelle Yates, director of communications with the Better Business Bureau of Central and Northwest North Carolina.
As the epicenter of a global insurance crisis, it is critical that California formulates a strong response. It's shifting costs onto state governments by gutting FEMA and slashing funding for crucial weather data and climate adaptation. California has smartly invested billions of dollars in wildfire mitigation over the past decade.
You rarely hear about earthquakes in North Carolina, but they do occur here. A couple of tremors in North Carolina in recent weeks reminded me that standard homeowners' insurance doesn't cover damage from earthquakes. In 2020, a 5.1 magnitude earthquake, centered in Sparta, was felt across North Carolina.
