In January, Geisinger and Risant proposed a modification to their original agreement with the Pennsylvania Insurance Department, reducing the capital requirements needed for Geisinger's insurance businesses, Geisinger Health Plan, Geisinger Quality Options and Geisinger Indemnity Insurance. Terry Gilliland told The Philadelphia Inquirer that the…
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ACE American Insurance Company has reached a $350 million settlement with the owner and operator of the cargo ship that crashed into the Francis Scott Key Bridge, resolving a major insurance claim while leaving the broader, multibillion-dollar legal fight intact. The agreement with Grace Ocean Private Ltd. and Synergy Marine Group, reached in Baltimore…
Dover School District asked a judge Monday to compel the insurance organization SchoolCare to continue paying their health claims, as the public-sector risk pool stated it would discontinue their coverage in May over the district’ s unpaid $1.7 million bill. They plan to switch to HUB International, a Chicago- based insurance brokerage.
State lawmakers on Monday received an update on Hawaii’ s efforts to stabilize its strained property insurance market, with officials pointing to early gains from the Hawaii Hurricane Relief Fund and warning of upcoming changes that could expand flood insurance requirements on Oahu. The joint informational briefing held by the House and Senate committees…
Orange County "s health insurance plan for the poor has agreed to reinstate contracts with four neighborhood hospitals owned by Prime Healthcare, restoring access for thousands of Medi-Cal patients there. CalOptima Health, which administers Orange County "s Medi-Cal funding, had terminated contracts with Prime Healthcare two years ago, saying that…
Jared Huffman, D- San Rafael, sent a letter to the FBI and U.S. Securities and Exchange Commission calling for an investigation. The Marin County District Attorney's Office told the Marin Independent Journal on Thursday that "it has coordinated with the San Francisco Division of the Federal Bureau of Investigation who has also opened an investigation into the…
That’ s what Doral resident Pablo Langesfeld and his family are waiting for Miami-Dade Circuit Judge Migna Sanchez-Llorens to decide. His health insurer, Oscar Health Insurance, has repeatedly declined to cover the costly cancer-fighting drug therapy his doctor says he needs, arguing that the prescribed drug is not medically necessary and is not federally…
The accusations from Blue Shield, which Community Medical Centers called misleading, came in a public statement Wednesday in which the health insurer urged local officials to ask Community Medical Centers to“ stop turning away members.”. In its statement, Blue Shield accused Community Medical Centers of turning away Blue Shield members after sending the…
The following information was released by the People's Bank of China:. The year 2025 marks the conclusion of the 14th Five-Year Plan period.Under the strong leadership of the CPCCentral Committee with Comrade Xi Jinping at its core, the national economy has developed steadily on a positive trajectory, and the major objectives of economic and social…
Following two years as vice chair of OBIs board of directors, Justin Delaney recently took over as board chair from Lori Olund. He joined the company in 1997 following his graduation from Lewis and Clark Law School. Founded by Leo Samuel in 1906 as the Oregon Life Insurance Company, The Standard currently provides nearly every type of insurance except for…
The Insurance Information Institute has deployed comprehensive awareness campaigns in Oklahoma and Wisconsin, underscoring the impact of lawsuit abuse on consumer costs and outlining the need for tort reform. By demonstrating the direct link between lawsuit abuse and increased insurance premiums, Triple-I aims to catalyze legislative action and…
The following information was released by the America's Health Insurance Plans:. Just insuring a family here costs nearly $27,000 a year, enough to buy a car. The main cause: Prices are far higher in the U.S. for the same medical products and services, from surgeries to drugs. "
Georgia- based American Family Life Assurance Co., better known as Aflac, charged Virginians too much for individual and group accident and sickness insurance, according to an analysis by the State Corporation Commission's Bureau of Insurance. Initially, Aflac proposed increasing benefits on the four policies; however, the bureau found that alone to be…
The owner of Boulder dance studio Frequency Dance was accused of staging two break-ins, creating a fake business and lying to her insurance company to get more than $567,000 in payouts, according to an unsealed Colorado state grand jury indictment. In July 2023, Burdine reportedly hired two men to stage a break-in at the dance studio, then named Kinesis Dance, and…
The Insurance Information Institute has deployed comprehensive awareness campaigns in Oklahoma and Wisconsin, underscoring the impact of lawsuit abuse on consumer costs and outlining the need for tort reform. Triple-I’s legal system abuse awareness campaigns include digital displays across the Capitol Districts of Oklahoma and Wisconsin.
Protective Life Corporation a U.S. subsidiary of Daiichi Life Group, Inc., today announced the release of a new whitepaper based on proprietary research conducted by its principal subsidiary Protective Life Insurance Company in partnership with Greenwald Research. The findings reveal that significant knowledge gaps exist among both consumers and…
kWh Analytics, a leader in underwriting the energy transition through its licensed insurance subsidiary, Solar Energy Insurance Services, today announced a data-sharing pilot program to reward renewable energy assets for extreme weather mitigation efforts. kWh Analytics is expanding its risk modeling capabilities by leveraging data from solar…
From Philly and the Pa. suburbs to South Jersey and Delaware, what would you like WHYY News to cover? Lacey Cassidy usually wouldn't think twice about running around with her kids, trying a new activity or rushing through errands. That's because Cassidy, who lives just outside Reading, Pennsylvania, with her husband and two young children, is newly uninsured.
Boston Mayor Michelle Wu is proposing a $4.9 billion budget for the next fiscal year, a 2% increase despite a big jump in health care costs and a drop in federal funding. Wu called this a "difficult moment" for the city in a letter Monday to the Boston City Council outlining her fiscal 2027 budget. Perhaps the biggest pressure on the budget: a 20% health insurance rate…
