INSURASALES

Tag: Insurance Compliance

Over One-Third of U.S. Drivers Lack Adequate Auto Insurance Coverage

More than one-third of U.S. drivers lack sufficient auto insurance, increasing financial risks. Understanding uninsured and underinsured motorist coverage is critical for risk management and insurance compliance.

Modernization Strategies for Mutual Property and Casualty Insurers

Explore effective modernization strategies for mutual property and casualty insurers focusing on technology, AI, security, and member-centric outcomes to stay competitive.

Florida Insurance Market & Regulatory Update: Personnel, Policy, and Economic Trends

Comprehensive update on Florida's insurance market, regulatory trends, key personnel moves, and economic impacts shaping compliance and risk strategy in 2025.

Millennial Shift and Patra Partner to Integrate AI-Driven Back-Office Services into Digital Insurance Platform

Millennial Shift Technologies and Patra Corporation partner to integrate AI-powered back-office services into the mShift digital insurance marketplace, enhancing policy processing and compliance for brokers and agents.

NAIC Summer 2025 Meeting Advances Reinsurance, Investment, AI Oversight

Summary of NAIC Summer 2025 Meeting covering life reinsurance asset adequacy testing, offshore reinsurance risks, funding-agreement-backed programs, AI regulatory frameworks, and updates on insurance investment monitoring and accounting.

Florida Fines Property Insurers $2M+ for Claims Handling Violations

Florida insurance regulators fined eight property insurers over $2 million in 2025 for claims-handling violations including delayed payments and unlicensed adjusters amid ongoing hurricane season.

Massachusetts Health Insurers to Refund $75.6 Million for Falling Short of Medical Loss Ratio Standards

Massachusetts insurance regulators require five health insurers to refund $75.6 million to consumers for not meeting medical loss ratio standards, reinforcing regulatory oversight and consumer protections.

Illinois Campaign Targets Use of Zip Code and Age in Auto Insurance Rates

Illinois leaders launch a campaign to prevent the use of zip codes and age in car insurance rate setting, signaling regulatory shifts in auto insurance pricing and compliance.

UnitedHealth Engages DOJ in Medicare Advantage Investigation

UnitedHealth Group is cooperating with DOJ investigations into its Medicare Advantage practices, emphasizing compliance and initiating third-party reviews. Independent CMS audits and court rulings support UnitedHealth's adherence to Medicare regulations.

DOJ Expands Probe into UnitedHealth’s Medicare Billing Practices

The DOJ is investigating UnitedHealth Group's Medicare billing practices, focusing on diagnostic coding and in-home evaluations that may have led to inflated government payments. This probe highlights compliance and regulatory risks in Medicare Advantage programs.