INSURASALES

Investigation Underway into American Income Life Insurance Data Breach

Wolf Haldenstein law firm investigates data breach claims affecting American Income Life Insurance policyholders, highlighting cybersecurity and compliance issues in insurance.

Oscar Health Boosts Earnings with AI-Driven Cost Reductions and Platform Innovation

Oscar Health surpasses earnings estimates by leveraging AI and large language models to reduce costs and improve service in its health insurance platform, signaling scalable innovation for the insurance industry.

PassportCard Acquires Embedded Travel Insurance Platform Pattern

PassportCard expands embedded insurance capabilities with acquisition of Pattern, enhancing API-driven travel insurance technology and global market reach.

Medicaid Reform Divides House Republicans Amid $1.5 Trillion Spending Cut Debate

House Republicans face internal divisions over Medicaid reform proposals tied to $1.5 trillion federal spending cuts in their budget reconciliation effort, with debate over coverage impacts and fiscal strategies.

Shelter Insurance Adopts AI-Powered Fraud Detection from Shift Technology

Shelter Insurance deploys Shift Technology's AI-driven claims fraud detection to combat auto and property insurance fraud, enhancing investigation accuracy and operational efficiency in the U.S. P&C sector.

Congressional Democrats Urge GOP to Address Medicare Advantage Upcoding Over Medicaid Cuts

Democrats call on GOP leaders to stop Medicaid cuts and focus on Medicare Advantage upcoding to reduce $50 billion in federal overpayments and protect healthcare coverage.

Trump Administration Faces Decision on Mental Health Parity Regulations

The Trump administration must decide whether to defend Biden-era mental health parity regulations requiring insurers to provide equitable mental health and addiction coverage. The decision impacts access, insurer compliance, and employer health plans.

Liberty Mutual Q1 2025: Catastrophe Losses Surge Amid Underwriting Gains

Liberty Mutual's Q1 2025 earnings show a rise in catastrophe losses and combined ratio, offset by underwriting improvements and strong investment income, highlighting P&C market dynamics.

Aging and Urbanization Drive Transformation in P&C Insurance Risk Models

How aging and urbanization are reshaping property and casualty insurance risk models, demanding ecosystem-based strategies and insurance innovation.

Insurance Brokerage M&A Slows Early 2025 but Poised for Rebound

Insurance brokerage mergers and acquisitions declined in early 2025 to the lowest quarter since 2020, with private equity firms dominating deals. Despite the slowdown, large upcoming transactions signal a potential rebound in deal activity later in 2025.