Inflation, tariffs, and high interest rates are making consumers nervous about the state of the economy. As of May, about one-third of Americans said they're worse off financially than they were one year ago, according to a new Insurify survey. The national average annual cost is $2,314— up 42% since 2022.
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INTX Insurance Software, a provider of a fully integrated, single solution to the entire P&C insurance policy lifecycle, today announced its official North American launch following 20 years of proven success with insurance clients in the UK, Europe, the Caribbean, Bermuda and Africa. Assembling‘ best of breed’ solutions is no better, requiring complex and…
Novel Financial Holdings LLC, an independent holding company, today announced its formation and the appointment of its executive leadership team. Jacques Bonneau, Chairman: A highly regarded leader in the global re sector, Bonneau most recently served as CEO and President of Partner Re. Rob Bredahl, Chief Executive Officer: With a distinguished career that…
Aegis Energy, a division of Aegis General Insurance Agency and K2 Insurance Services, announces today a partnership with Everspan Group, the AM Best rated A- carrier, to launch a new Excess program for Petroleum Gasoline Haulers. Offering up to $4 million in excess coverage, the program is available nationwide, except for Massachusetts, Hawaii and Alaska.
A new class of health plan leaders is emerging, distinguished by their ability to deliver clear communication, digital convenience and meaningful member support, according to the J.D. Power 2025 U.S. Commercial Member Health Plan Study,℠ released today. “Brand performance gaps in the commercial health insurance market are no longer subtle— they’ re widening in…
Some time ago, the Congressional Budget Office investigated whether the federal government could save significant money by negotiating with drug manufacturers over the price of drugs covered by Medicare. The federal government–through the Department of Health and Human Services– sets a "maximum fair price" for selected drugs. Any company that refuses to…
Laura DiErrico had a history with Connecticut's Medicaid program long before she joined a lawsuit against the department that administers it. DiErrico is one of two plaintiffs represented by Disability Rights Connecticut and the Medical-Legal Partnership Clinic in a civil rights lawsuit against the state Department of Social Services.
Laura DiErrico had a history with Connecticut's Medicaid program long before she joined a lawsuit against the department that administers it. DiErrico is one of two plaintiffs represented by Disability Rights Connecticut and the Medical-Legal Partnership Clinic in a civil rights lawsuit against the state Department of Social Services.
AM Best is maintaining its negative outlook on Italy’ s life insurance segment. In its new Best’ s Market Segment Report,“ Market Segment Outlook: Italy Life Insurance”, AM Best notes that while it expects premium growth momentum to continue in 2025, insurers in Italy are still facing elevated levels of surrenders which failed to scale down as hoped.
Former longtime Las Cruces Mayor Ken Miyagishima formally launched his campaign for governor Tuesday, promising to make medical malpractice reform his top priority. We're the only state that is losing doctors— only state, "he said during his announcement event in Las Cruces, which was streamed live on Facebook. Miyagishima issued a challenge to the two other…
What are we supposed to do now that the United States Treasury is ordering the U.S. Mint to halt the production of pennies? rub two pennies together…. not a penny less…. and penny pincher. The Federal Reserve backs up my assumption as they estimate there are 114 billion pennies still in circulation in the United States.
A sweeping tax and spending bill recently passed by the U.S. House of Representatives proposes to overhaul the delivery and access to safety-net health programs in Oregon and across the country. While the bill still needs to make its way through the Senate, the version approved by the House offers the clearest picture yet of the direction federal lawmakers may…
2025 MAY 27– By a News Reporter-Staff News Editor at Insurance Daily News– Investigators discuss new findings in climatology. According to news reporting out of Palisades, New York, by NewsRx editors, research stated,“ Climate risk is a critical challenge for smallholder farmers in Guatemala, and weather and climate information services are a growing policy…
2025 MAY 27– By a News Reporter-Staff News Editor at Insurance Daily News– New research on Managed Care is the subject of a report. According to news reporting originating from Lubbock, Texas, by NewsRx correspondents, research stated,“ To assess physician fees for general urologic procedures compared to gynecologic over the past decade, analyzing trends in…
2025 MAY 27– By a News Reporter-Staff News Editor at Health Policy and Law Daily– New research on Managed Care is the subject of a report. According to news reporting out of New Haven, Connecticut, by NewsRx editors, research stated,“ Policy Points Health insurance reform in the United States has fostered enrollment to promote access to care and reduce financial…
2025 MAY 27– By a News Reporter-Staff News Editor at Health Policy and Law Daily– The IIflation Reduction Act, which included many changes to Medicare Part D prescription drug benefits, improved prescription drug affordability for many U.S. seniors, but also raised concerns that some insurers would exit the market. A new study from researchers at Mass General…
May 26— May is Wildfire Awareness Month, an opportunity for people, communities and agencies to take steps to reduce wildfire risk through mitigation and preparation, according to a news release from Washington state Insurance Commissioner Patty Kuderer. The Gray and Oregon Road fires in August 2023 destroyed 366 homes and burned more than 20,000 acres…
As the 2024-25 school year winds down, the Union City Area School Board OK'd financial appointments and other business items for the Union City Area School District's 2025 -26 school year and beyond during the board's May 8 meeting. Bank accounts– Northwest bank for the cafeteria fund, the general fund and the activity fund; Pennsylvania School District Liquid…
Customers and former employees of the failed roofing company Lexington Blue say the business and its owner committed widespread insurance fraud by stealing thousands of dollars in deposits with no intention of fixing roofs. Eight homeowners and nine former employees told the Herald-Leader similar stories: Lexington Blue sales representatives…
