INSURASALES

Sapiens Launches Version 13 of CoreSuite P&C with AI-Driven Underwriting Enhancements

Sapiens releases Version 13.0 of CoreSuite for Property & Casualty, enhancing AI-driven underwriting, claims, and billing capabilities to optimize insurer operations in North America.

2025 Property Catastrophe Reinsurance Prices Set to Soften with Stable Terms

Property catastrophe reinsurance prices expected to soften in late 2025 with stable terms and retentions. Aggregate coverage offerings remain limited amid disciplined reinsurer market strategies.

UK Surgeon Commits Insurance Fraud by Self-Amputating Legs

Neil Hopper, a UK vascular surgeon, committed insurance fraud by self-amputating his legs, highlighting challenges in medical ethics and insurance fraud detection.

AM Best Downgrades Erie Insurance Group Property/Casualty Ratings, Affirms Erie Family Life

AM Best downgrades Erie Insurance Group's property/casualty credit ratings from A+ to A, citing underwriting losses and weather claims impact. Erie Family Life's rating affirmed.

Medicare Enrollment Choices Fuel Social Tensions Among Seniors

Medicare enrollment decisions between Advantage plans and traditional coverage are increasingly causing social tensions among seniors, fueled by misinformation and financial concerns. This dynamic affects personal relationships and highlights the complexities in senior healthcare insurance choices.

340B Program Linked to Higher ACA Silver Plan Premiums, Study Finds

Study finds the 340B Drug Pricing Program contributes to higher Affordable Care Act Silver Plan premiums, affecting insurance costs and subsidies.

Medicare and Social Security Trust Funds Face Insolvency by 2033; Nebraska Offers Medicare Education

Medicare and Social Security trust funds are expected to run dry by 2033 due to rising hospital costs and weak wage growth, potentially reducing benefits by 23%. Nebraska offers Medicare education programs to assist beneficiaries in understanding their options.

CMS Pilot Uses AI for Medicare Prior Authorization, Faces Oversight Calls

CMS launches AI-driven pilot to streamline Medicare prior authorization for select services, prompting legislative calls for independent oversight to ensure patient safety and regulatory compliance.

Rising Trend in Gifting Child Life Insurance Policies in Rural Municipalities

Growing public trust in child life insurance leads to increased purchase and gifting of policies during festivals, promoting future financial security for children in rural areas.

CMS GUIDE Program Enhances Palliative Care for Dementia Patients

CMS GUIDE program integrates palliative care to improve support and care coordination for dementia patients and caregivers under Medicare Part B, addressing challenges in symptom management and caregiver respite.