2026 APR 10– By a News Reporter-Staff News Editor at Insurance Daily News– New research on Managed Care is the subject of a report. The news correspondents obtained a quote from the research from the Johns Hopkins University School of Medicine,“ The objective of this study was to validate the accuracy of using International Classification of Diseases, Tenth…
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2026 APR 10– By a News Reporter-Staff News Editor at Health Policy and Law Daily– Researchers detail new data in Insurance. For more information on this research see: Implications of State Reinsurance Programs for Marketplaces. American Journal of Health Economics, 2026. American Journal of Health Economics can be contacted at: Univ Chicago Press, 1427 E 60 TH St,…
Humana Inc. announced today that Robert S. Field has been elected as a member of the Company’ s Board of Directors, effective immediately following the Company’ s 2026 Annual Meeting of Stockholders. Earlier in his career, Field worked as an associate at McKinsey& Company, focused on corporate and business strategy and previously practiced antitrust law at…
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…
AM Best has downgraded the Financial Strength Rating to B++ from A- and the Long-Term Issuer Credit Rating to“ bbb+” from“ a-” of Summit Insurance Company Limited. The outlook of these Credit Ratings is stable. Like most Caribbean- domiciled insurance companies, Summit has a high dependence on reinsurance to manage capital exposure from catastrophe events.
AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of“ bbb+” to North American Fire& General Insurance Company Limited and North American Life Insurance Company Limited. NAFICO was incorporated in Guyana in 1989 and is the third-largest carrier in the country’ s insurance industry. Overall, both companies belong to the…
At least six people were arrested Thursday in connection to the Esparto blast that killed seven people last year. The company that owned the Esparto facility has been accused of suspected workers’ compensation premium fraud by California, allegedly cheating the state out of thousands of dollars it believes it is owed. The California Department of Insurance…
In this role, he will contribute to the national monetary policymaking process, providing valuable economic insight affecting businesses and communities in the footprint it serves, which includes German American Bank. German American, through its banking subsidiary German American Bank, operates 94 banking offices located throughout Indiana, Kentucky,…
AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of Amherst National Insurance Company, formerly known as Jet Insurance Company. At the same time, AM Best has affirmed the FSR of A- and Long-Term ICR of“ a-” of Amherst Specialty Insurance Company.
A new AM Best analysis reveals that funds held to back individual annuity policies now account for over 36% of the U.S. life/annuity insurance segment’ s overall reserves, which is up from 32% prior to the financial crisis of 2008. It illustrates a shift from traditional, defined benefit retirement and income protection approaches toward strategies more…
Two years after Steward Health Care’ s collapse upended hospital care across Massachusetts, the bankruptcy battle is far from over— and the state’ s largest health insurer is being dragged further into the fight. Blue Cross Blue Shield of Massachusetts is disputing a broad discovery request from the trustee overseeing Steward’ s bankruptcy estate, challenging…
SIOUX CITY– A Danbury, Iowa, farmer who stole more than $1.7 million in ag subsidies during the COVID pandemic has been sentenced to 13 years in federal prison. Tanner Seuntjens, 33, had pleaded guilty in September in U.S. District Court in Sioux City to single counts of theft of government funds, aggravated identity theft and crop insurance fraud.
Universal Insurance Holdings, Inc. announced today that its Board of Directors has declared a quarterly cash dividend of 16 cents per share of common stock, payable May 15, 2026 to shareholders of record as of the close of business on May 8, 2026. The company will host a conference call on Friday, April 24, 2026, at 10:00 a.m. ET to discuss financial results.
TKO Group Holdings, Inc. today announced a multiyear sponsorship agreement with Supersure, a technology-enabled licensed insurance agency, in which Supersure will be integrated within UFC, Zuffa Boxing, and UFC BJJ events in the United States, providing Supersure with unprecedented reach and exposure with engaged sports fans. Under the new agreement,…
After particularly strong recent monthly job gains, Texas is expected to add nearly 280,000 jobs this year, according to a model-based forecast published Friday by the Federal Reserve Bank of Dallas. "Texas employment growth strengthened notably in December and January, contributing to an increase in the employment forecast for 2026," Luis Torres, a senior…
Texas lawmakers hold hearing on ‘epidemic' of social services fraud as state increases scrutiny
Texas policymakers spent almost eight hours discussing how to reduce fraud in social services programs, as state and federal pressure grow. She said with fraud "scandals" in Minnesota and California drawing national attention, Texas needs to examine its own system and see how it "measures up to other states. Texas has one of the lowest Medicaid error rates in the…
Governor Laura Kelly today announced she has signedSenate Bill 271, bipartisan legislation that permanently updates the outdated income eligibility requirements for Kansas' Children's Health Insurance Program and protects access to affordable health coverage for Kansas children. "Every Kansas child deserves access to quality, affordable health…
The following information was released by the office of the Colorado Attorney General:. Attorney General Phil Weiser today announced a settlement with property management company Baron Property Services, LLC, for unlawfully charging tenants for renters insurance, and for improperly considering rental applicants' criminal justice records that did not…
According to news reporting from Al Ain University by NewsRx journalists, research stated,“ The objective of this study is to explore the time-varying shock transmission mechanism between aggregated financial stress indices of developed economies and the emerging economy of China.”. The aggregated measures of the FSIs of China, the U.S., the U.K., the EU and Japan…
