INSURASALES

Tag: Market Competition

Florida Approves Two New Property Insurers as Market Competition Grows

Florida approves two new property insurers, Stand Insurance Exchange and Praxis Reciprocal Exchange, expanding competition and contributing over $574M in surplus. Policy transfers from Citizens Property Insurance signal market reforms and rate stabilization in Florida's property insurance sector.

Blue Cross Blue Shield Minnesota to Pay $71M in $2.8B National Settlement Over Competition Claims

Blue Cross Blue Shield of Minnesota agrees to pay $71 million as part of a $2.8 billion national settlement addressing competition and payment disputes with health care providers. The settlement includes operational reforms and aims to improve transparency and provider payments.