INSURASALES

Tag: Insurance Finance

Massachusetts Group Insurance Commission Gets $240M State Funding Boost for 2025

Massachusetts Group Insurance Commission secures $240 million state funding to cover public employee health insurance claims for fiscal year 2025, ensuring financial stability of this major public insurance entity.

UnitedHealth CEO Replacement Follows Medicare-Related Financial Challenges

UnitedHealth replaced CEO Andrew Witty after financial challenges related to Medicare coverage led to profit declines and withdrawn guidance, highlighting regulatory and cost pressures in the insurance market.

Allstate Q1 Reports Higher Revenues Amid Elevated Catastrophic Losses and Auto Rate Increases

Allstate's Q1 earnings show revenue growth driven by property-liability underwriting amid high catastrophic losses and improved auto insurance results through strategic rate increases and new business growth.

ReSource Pro and Ascend Unveil AI-Enhanced Direct Bill Commission Reconciliation

ReSource Pro partners with Ascend to enhance Direct Bill Complete with AI-driven automation, reducing costs and improving accuracy in insurance commission reconciliation for brokerages.

Elevance Reports Stable Medicare Advantage Costs Amid Market Volatility

Elevance Health's Q1 report shows Medicare Advantage utilization in line with expectations, Medicaid rate progress, and ACA expansion amid market volatility.