INSURASALES

Tag: Insurance Regulation

Florida Approves Two New Property Insurers Amid Market Stabilization

Florida Office of Insurance Regulation approves two new property insurers as market reforms lead to rate stabilization and increased profitability in 2024.

Social Security and Medicare Face Funding Depletion Amid Fiscal Year 2025-26 Budget Focus

Social Security and Medicare are nearing reserve depletion amid 2025-26 budget discussions, raising concerns for U.S. insurance and regulatory sectors.

Utah Medicaid Work Requirements Raise Concerns Over Health Access and Costs

Proposed Medicaid work requirements in Utah threaten health access and increase costs, with federal funding playing a major role and past state experiences highlighting risks.

California's Property Insurance Market Faces Ongoing Wildfire Risks and Reform Needs

California's property insurance market is under strain from wildfire losses, prompting urgent calls for regulatory reform and new risk management strategies to ensure market stability and affordability.

Paragon Health Reports $27B ACA Enrollment Fraud Surge in 15 States

Paragon Health Institute reveals a $27 billion surge in Affordable Care Act enrollment fraud in 15 states, driven by misreported income and lax verification processes during 2025 open enrollment.

AARP Collects Nearly $1 Billion in Medicare Licensing Fees Amid Conflict Concerns

AARP collects nearly $1 billion annually through licensing fees from Medicare Advantage plans, raising conflict of interest concerns amid federal investigations and calls for regulatory reforms in Medicare policy and marketing practices.

North Carolina Approves 5% Average Auto Insurance Rate Increase for Fall 2024

North Carolina regulators approve a moderated 5% average increase in automobile insurance rates for fall 2024, significantly lower than the 23% initially requested by insurers. Key insights into state-level regulatory impact.

Washington Auto Insurance Rate Increases Slowing in 2025

Washington auto insurance rate increases are slowing, with projected 1.8% rise in 2025 after prior high jumps. Regulatory review ensures rates align with claims costs.

St. Louis Suspends Insurance Escrow Holdback for Tornado-Damaged Properties Until 2026

St. Louis suspends a 25% insurance escrow holdback on tornado-damaged properties, speeding access to full payouts through December 2026. Regulatory change supports property recovery efforts after the May 16 tornado.

North Carolina Sets 5% Average Auto Insurance Rate Increase Effective Oct. 1

North Carolina announces a 5% average auto insurance premium increase starting October 1 after a regulatory settlement, with a notable 16.3% decrease in motorcycle liability insurance rates statewide.