Tag: Insurance Compliance

Do different types of collisions impact your car insurance rates?

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.

Cigna Health Settles $1.07M Lawsuit Over Provider Misclassification in LocalPlus Plans

Cigna Health agreed to a $1.07 million settlement resolving a class action lawsuit over misclassification of out-of-network providers as in-network in LocalPlus plans, affecting balance billing and claims payouts.

Illinois Physician Charged with Over $1M Medicaid and Medicare Fraud

Illinois physician faces multiple felony charges for stealing over $1 million in Medicaid and Medicare payments through fraudulent billing practices involving unlicensed medical services.

CMS Updates Workers’ Compensation Medicare Set-Aside Rules in 2025

CMS implements new 2025 policies for Workers’ Compensation Medicare Set-Asides, enhancing reporting, eliminating the Amended Review waiting period, and ceasing $0 WCMSA reviews to improve Medicare Secondary Payer 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.