American Integrity Insurance Group, Inc., a Tampa- based property and casualty insurance holding company, announced today that it has fully placed its 2025-2026 indemnity based, catastrophe excess-of-loss reinsurance program for its insurance subsidiary, American Integrity Insurance Company of Florida, Inc., which is effective as of June 1, 2025.
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Universal Insurance Holdings, Inc. today announced the completion by Universal Property& Casualty Insurance Company and American Platinum Property and Casualty Insurance Company, the Company’ s wholly-owned insurance company subsidiaries, of their combined 2025-2026 reinsurance program, effective June 1, 2025. To further insulate future years, UPCIC…
—President Donald Trump met with Federal Reserve Chair Jerome Powell on Thursday and the two discussed the economy but not Powell's outlook for interest rates, the Fed said. Powell told Trump that the central bank would make decisions about the short-term interest rate it controls“ based solely on careful, objective, and non-political analysis.” The Fed's rate…
Investigators suspect Wyoming is the latest target in a nationwide health care scam of illegal claim filings.“ Body brokers” are scouting out homeless shelters to find victims and ship them to out-of-state facilities, where the insurance company is then billed for substance abuse treatment that is not actually being provided. Stories collected by BCBSWY…
The Insurance Information Institute has released its latest issues brief, Legal System Abuse and Attorney Advertising for Mass Litigation: State of the Risk, shedding light on the sharp rise in attorney advertising across the United States and the increasing influence of third-party litigation funding on the legal and insurance landscapes.
In the past 30 days, Best’ s Review readers have been most interested in the following insurance news coverage:. “Insurance Industry Embraces AI Innovation as Technology Advances‘ Exponentially’” looks at how insurers have welcomed artificial intelligence to help customers and better understand risk.“ Lower-Cost Cell Captives Emerge as Groups’ Risk Management…
Micaela has spent three decades tirelessly cleaning houses, working as a clerk and now owns a shop in the Twin Cities that she tends to seven days a week, only closing Christmas and New Year’ s Day. Micaela, who only gave her first name because she is undocumented, was hopeful she could finally get treatment when Minnesota opened its state health insurance for…
Insurity, a leading provider of cloud-based software for insurance carriers, brokers, and MGAs, today released new insights from its 2025 Digital Experience Index, shedding light on how P&C insurance customers want to interact with their insurers in an increasingly digital world. While many insurers are doubling down on automation and digital self-service,…
In 2017, during Trump's first term, Congress passed a 1.4% tax on investment income from university endowments that have at least $500,000 per student and at least 500 students— which translates to a minimum endowment of $250 million, although the threshold is larger for bigger universities. Wellesley College economics professor Phillip Levine, in a…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Union Insurance Company Limited. The outlook of these Credit Ratings is stable. The ratings reflect Union’ s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate…
Majesco, a global leader of cloud insurance solutions for insurance business transformation, today announced its participation and spot as a Gold Sponsor of Insurtech Insights 2025. Majesco invites insurance leaders to dare to disrupt outdated business operating models and technology foundations to unlock the future of intelligent insurance at Booth…
"They were treated pretty harshly, from what I heard," Donald Trump told Savannah Chrisley, daughter of Todd and Julie Chrisley, in a call telling her he decided to pardon the two reality TV stars. In 2022, the couple had been convicted of bank fraud for more than $30 million and tax evasion. Todd and Julie Chrisley, known for starring in the USA Network reality show,…
Jeff Landry, that will over-centralize overly arbitrary power in the hands of Louisiana's current and future insurance commissioners. House Bill 148, as now passed by both the state House and Senate and signed by Landry, is a flat-out bad law. As James Madison, the "Father of the Constitution," explained at great length in the Federalist Papers, the nation's…
This comes following a prolonged period of hardened market conditions characterized by steep premium hikes and reduced capacity, as well as rapid growth for Citizens Property Insurance Corporation, the state-run insurer of last resort. AM Best’ s Florida personal property composite is made up of 45 Florida specialist insurers that predominantly…
CCC Intelligent Solutions Inc., a leading cloud platform provider powering the P&C insurance economy, today announced that it was selected by BMW of North America to help enhance the post-collision experience for its drivers. By integrating CCC technology into its customer-facing digital experience, BMW now makes it easier for drivers in the U.S. to find and…
FINEOS Corporation announced today that Medavie Blue Cross, a leading benefits provider for health, drug and disability insurance, has successfully commenced managing Individual Life and Disability Claims on their existing FINEOS Platform. In consolidating both Individual Life and Group Life& Disability claims on a single, unified platform, Medavie Blue…
Recognizing this coverage gap, MassMutual recently introduced new Group Critical Illness Insurance and Group Accident Insurance products to its voluntary benefits offerings. “MassMutual offers the next generation of products that help reduce the coverage gaps that other plans leave open,” said Shefali Desai, head of worksite with MassMutual.“ We have…
Health insurance premium increases for about 300,000 state government employees in 2026 are part of a proposal approved last week 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…
Jared Polis signed legislation into law on Friday that codifies health insurance coverage for gender-affirming care. Kyle Brown, a Louisville Democrat, said ahead of the bill signing. Brianna Titone, an Arvada Democrat and Colorado's first openly transgender lawmaker; Sen.
