At Spanish Peaks Regional Health Center in rural Huerfano County, medical claims submitted by the nonprofit health facility are denied daily by insurance companies. "We go after the high-priority or the high-dollar ones first," said Daron Hashir, chief financial officer of Spanish Peaks Regional Health Center. That led Hashir, who joined Spanish Peaks in…
Newswires
ANV Group Holdings Ltd., a global insurance intermediary platform, has completed the acquisition of Iris Insurance Brokers Ltd., a London- headquartered specialty insurance distribution platform. Together, they give ANV scaled wholesale and retail distribution across the U.K., direct access to Lloyd’s specialty capacity, and a UK- based MGA incubator in…
by Paul Cobler, The Texas Tribune. The expenses to operate three restaurants in Waco are rising across the board, but there's one growing cost in particular that feels nearly impossible to manage— providing employee health insurance, co-owner Kyle Citrano said. "Every year, it can change on you in a heartbeat," said Citrano, whose family runs George's, George's #2 and…
Regulations need to be scrutinized and security concerns in blockchain technology should be addressed by the Federal Reserve, the Government Accountability Office says in a report. The Federal Reserve is asked to finalize a rule under section 166 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The rule would provide the Federal Reserve…
British military ships escort the Smyrtos, which has been linked to Russia's shadow fleet. That fact was starkly illustrated by the war in Iran, which saw Tehran effectively close the Strait of Hormuz to commercial traffic and Washington respond with a blockade of Iranian ports. In response, the U.S. and its partners are increasingly returning to a more direct…
That fact was starkly illustrated by the war in Iran, which saw Tehran effectively close the Strait of Hormuz to commercial traffic and Washington respond with a blockade of Iranian ports. In response, the U.S. and its partners are increasingly returning to a more direct form of economic pressure: boarding ships at sea. Since the U.S. blockade of Venezuelan oil…
AM Best has assigned a Financial Strength Rating of A and a Long-Term Issuer Credit Rating of“ a” to Ikano Re AG. Ikano Re is ultimately majority-owned by the founding family of the global retail store brand, IKEA. The company benefits from its niche position as provider of reinsurance coverage for risks linked to the global IKEA franchise system, with the majority…
A University of Kentucky lawyer told trustees last week that UK officials make trips to the Cayman Islands and London, England, because it’ s a requirement for the university’ s insurance company, Insure Blue. UK spent thousands of dollars on trips to the Cayman Islands and London, England, in recent years for meetings about its captive insurance company, Insure…
The U.S. Department of Health and Human Services reported that about 19.2 million were enrolled in an ACA plan as of February, down from 23.1 million who signed up for coverage by January 2026. When Congress failed to extend the enhanced subsidies that expired at the end of 2025, average costs for ACA enrollees who wanted to keep their insurance plans soared 114%…
Fortitude Re announced today the signing of a $3.8 billion reinsurance transaction between its subsidiary, Fortitude Reinsurance Company Ltd. and Unum Life Insurance Company of America, a subsidiary of Unum Group. Upon receipt of regulatory approvals and subject to satisfaction or waiver of certain other customary closing conditions, Unum will…
Unum Group announced today that its Unum Life Insurance Company of America subsidiary has entered into an agreement to cede to Fortitude Reinsurance Company Ltd., on a coinsurance basis, certain individual long-term care insurance policies representing $3.8 billion of statutory reserves in Fairwind Insurance Company, a wholly owned subsidiary of Unum.
It's been a bumpy journey since majority Democrats in the state Legislature approved its creation in 2019 over the objections of Republicans. The state will pay authorized providers from a fund in which premiums paid by an estimated 3.7 million Washington workers are deposited. "We are changing what it means to age and age with purpose and age with dignity, and…
In fact, according to Ray Walker, who heads up Oklahoma's Medicare Assistance Program, people need to not only make wise decisions about when and how to sign up for Medicare as they approach 65, but they need to review where they're at with Medicare and make judgments each ensuing year about how to go forward based on how plans or their health or finances might…
In fact, according to Ray Walker, who heads up Oklahoma's Medicare Assistance Program, people need to not only make wise decisions about when and how to sign up for Medicare as they approach 65, but they need to review where they're at with Medicare and make judgments each ensuing year about how to go forward based on how plans or their health or finances might…
The U.S. Department of Health and Human Services reported that about 19.2 million were enrolled in an ACA plan as of February, down from 23.1 million who signed up for coverage by January 2026. When Congress failed to extend the enhanced subsidies that expired at the end of 2025, average costs for ACA enrollees who wanted to keep their insurance plans soared 114%…
A 15- page separation agreement between the city of Batavia and former Public Works Director Tom Phelps bars him from publicly disparaging the municipality, pays his health insurance as if he were employed through Nov. 30, and provides a total severance and unused vacation package of $30,630.49. The agreement, obtained by The Batavian with a Freedom of…
ALBANY— The Capital District Physicians' Health Plan and MVP Health Care are among the nearly dozen health insurance companies in New York seeking to increase their premiums next year because of the rising cost of hospital care, prescription drugs and state regulations. Locally, CDPHP and Schenectady- based MVP Health Care— which insure thousands throughout…
Florence Corcoran, an employee of South Central Bell Telephone Company, was eight months into a high-risk pregnancy when her obstetrician recommended she spend the final month on bed rest in the hospital, for close monitoring. Despite the recommendation, her health insurer determined that it would only cover partial-day at-home nursing care.
Now that we're into hurricane season, which runs from June 1 to Nov. 30, it's important to know what to do during and after the storm. As I said in a previous column, preparation is the key. Make sure you have adequate homeowners' insurance and a flood insurance policy.
