Selective Insurance Group’s Q2 earnings fell short of expectations due to a combined ratio above 100%, driven by social inflation affecting casualty reserves. Shares dropped 19%, signaling market concerns over underwriting losses and claims cost pressures in the property and casualty insurance sector.

Protective Life and West Coast Life settled an $80M California class action alleging failure to follow lapse notification laws for nonpayment of life insurance premiums.

UM Health Plan will close by end of 2025, impacting 64,000 members in Mid-Michigan. MSMS Physicians Insurance Agency offers guidance on transitioning health plans and suggests early renewal for cost savings.

Virginia hospitals are facing billions in Medicaid funding cuts due to federal legislation, threatening hospital finances, rural healthcare, and thousands of jobs. Explore the impacts on Virginia's healthcare system and policy responses.

Nearly $1 trillion in federal Medicaid cuts over nine years threaten Oregon's health coverage, impacting hospitals and rural access, with significant premium increases on ACA plans expected.

UnitedHealth Group faces DOJ investigation over Medicare Advantage billing practices, impacting insurer compliance and reimbursement within Medicare programs.

Westfield enhances its property and casualty insurance expertise by appointing a new senior VP and chief actuary, reinforcing risk management and product strategy.

Explore the critical risks of contractual liability in U.S. insurance brokerage, including indemnity clause challenges, policy gaps, and state-specific compliance to mitigate litigation exposure.

Mountain Life Insurance Company announces expansion into Ohio, increasing its licensed operations to 16 states and offering life insurance and annuity products.

AM Best affirms Direct General Life Insurance Company's credit ratings post-acquisition by Nationwide Mutual, highlighting strong balance sheet and stable outlook.