INSURASALES

FY 2026 Budget Proposes Defunding Critical Medicare Assistance Program SHIP

The FY 2026 federal budget draft includes a proposal to defund the State Health Insurance Assistance Program (SHIP), which provides vital Medicare enrollment and counseling services to nearly 2 million beneficiaries annually.

DOJ Sues Major Medicare Advantage Insurers and Brokers Over Alleged Kickbacks

The DOJ has sued top Medicare Advantage insurers and brokers alleging illegal kickbacks to steer enrollments, raising regulatory and compliance issues in the Medicare insurance market.

Senate Introduces Insurance Data Protection Act to Limit Federal Overreach

Senate introduces the Insurance Data Protection Act to reaffirm state regulatory authority and limit the Federal Insurance Office's data collection powers, protecting insurer data and reducing compliance costs.

California BAR Advances Regulations on Teardown and Storage Fees in Auto Repairs

California Bureau of Automotive Repair proposes new regulations to address teardown disclosures and storage fees amid repair authorization delays, aiming to enhance transparency and compliance in collision repair and auto insurance sectors.

Indico Data Launches AI Accelerator for Guidewire Claims Automation

Indico Data introduces a Guidewire-validated AI accelerator to streamline claims processing and data extraction for P&C insurers, enhancing operational efficiency and accuracy.

Insurance Key to New York Small Business Resilience and Growth in 2023

Explore how tailored insurance coverage supports New York's small businesses by mitigating risks, managing legal challenges, and sustaining economic growth in 2023.

MetLife Reinsures $10B in Variable Annuities with Talcott Resolution

MetLife’s $10 billion variable annuity reinsurance deal with Talcott Resolution aims to lower tail risk and release capital, enhancing risk management and financial stability.

Institutional Investors Increase Stakes in Canadian Natural Resources Amid Dividend Boost

Canadian Natural Resources sees increased investment from The Manufacturers Life Insurance Company and other institutional investors, alongside a dividend increase, signaling confidence in the energy sector's equity opportunities.

Wells Fargo Boosts FX Trading With Life Insurers by 56%

Wells Fargo's strategic shift towards institutional clients drives a 56% increase in FX forwards trading with life insurers, highlighting growing demand for currency risk management in the insurance sector.

Colorado Prepares for Federal Medicaid Funding Cuts Impacting State Budget

Colorado braces for up to $1 billion in potential federal Medicaid funding cuts, threatening state budget and healthcare services amid Congressional Republican budget proposals.