Proposed Health Bill May Cause 10.9 Million Medicaid Coverage Losses
A significant health insurance bill could result in 10.9 million Medicaid recipients losing coverage, affecting the U.S. insurance market and regulatory landscape.
Florida Healthcare Cybersecurity Breaches Expose Millions of Patient Records
Recent data breaches in Florida's healthcare sector have exposed millions of patient records, emphasizing urgent cybersecurity investment and enhanced defenses against phishing and fraud.
Key Insights on U.S. Insurance Claims Handling and Regulatory Updates
Explore critical updates on U.S. insurance claims handling, regulatory compliance, and market trends enhancing provider and payer operations.
Former Progressive CEO Glenn Renwick Dies in Florida Car Accident
Glenn Renwick, former CEO and Chairman of Progressive, died in a multi-vehicle accident in Florida. This event has implications for leadership transitions, vehicle safety, and insurance risk assessment.
Texas Homeowners' Insurance Costs Rise Amid Regulatory Frameworks Allowing Rate Adjustments
Texas homeowners' insurance costs are rising due to severe weather and regulatory rules allowing insurers to adjust rates promptly. New legislation aims to address these challenges in the insurance market.
DOJ Alleges Kickbacks in Medicare Advantage Broker Commissions
The DOJ files a lawsuit accusing insurers and brokerages of illicit kickbacks in Medicare Advantage plan enrollments, raising compliance and regulatory concerns.
Colorado Home Insurance Rates Surge Amid Rising Wildfire Risks
Colorado faces significant home insurance premium increases due to wildfire risks and extreme weather, prompting new regulations to stabilize the market and support homeowners.
Litigation Funding Raises Premiums, Alters Liability Insurance Market Dynamics
Third-party litigation funding drives higher premium costs and reduced liability insurance availability, impacting underwriting and claims trends in commercial auto, umbrella, and product liability lines.
IAG to Acquire RAC WA Insurance Business, Adding $1.5B to GWP
Insurance Australia Group (IAG) will acquire the RAC WA insurance business for $1.35 billion, boosting its gross written premium by $1.5 billion. The deal, pending ACCC approval, includes a 20-year exclusive distribution and brand licensing agreement.
Optum Develops AI-Based Risk Coding for Medicare Patients Amid DOJ Scrutiny
Optum is creating AI-driven risk coding to improve Medicare patient assessments, coinciding with DOJ investigations into Medicare Advantage practices by UnitedHealth Group.