Tag: Insurance News

UNC Health-Cigna Contract Dispute Leaves 65,000 Members Facing Out-of-Network Costs

UNC Health and Cigna have not renewed their contract, causing 65,000 members in North Carolina to face out-of-network costs and patient care disruptions. Ongoing negotiations aim to restore network access.

OneAmerica Financial Boosts 2026 Policyholder Dividends by 17%

OneAmerica Financial raises dividend interest rate for 2026 by 17%, reflecting strong financial stability and credit ratings from AM Best and S&P, enhancing policyholder returns.

Kyle Busch's $8.6M Loss Highlights Risks of Indexed Universal Life Insurance

NASCAR's Kyle Busch lost $8.6 million in premiums due to fees and performance issues in an Indexed Universal Life insurance policy sold by Pacific Life. This case highlights risks and compliance issues in IUL policies for insurance professionals.

Pan-American Life Insurance Group Appoints David J. Turner Jr. to Board

Pan-American Life Insurance Group appoints David J. Turner Jr. to its Board of Directors, enhancing governance and strategic leadership in the life and health insurance market in the Americas.

Pivix and Everspan Unveil New E&S Casualty Insurance Program

Pivix Specialty Insurance Services and Everspan Group launch a new primary general liability E&S casualty program targeting contractors, real estate, hospitality, and manufacturing sectors, enhancing MGA offerings through wholesale brokers.

UnitedHealth Faces DOJ Scrutiny Over Medicare Advantage as Industry Faces AI and Market Shifts

UnitedHealth Group responds to DOJ investigations into Medicare Advantage amid broader insurance market changes including AI automation and pharmaceutical supply dynamics.

California Realtors Form Insurance Task Force to Tackle Homeowner Coverage Crisis

California Realtors organize an Insurance Task Force to address homeowner insurance availability and affordability challenges in fire-prone areas, aiming to provide policy recommendations to state authorities.

Insurance Sector Faces Downward Pressure Amid Market Rotation and Rising Risks

The insurance sector experiences stock declines influenced by rising natural disaster risks, legal challenges, and sector rotation, impacting property and health insurers' market dynamics in the U.S.

Harford Mutual and MIB Group Announce Board Updates for 2025

Harford Mutual and MIB Group announce key board of directors changes for 2025, highlighting new appointments and leadership roles that reflect strategic focus on insurance innovation and governance.

St. Louis Storms Expose Homeowners Insurance Coverage Gaps Amid Rising Premiums

Severe storms in St. Louis highlight critical gaps in homeowners insurance coverage amid rising premiums and underwriting challenges, impacting recovery and market stability.