7% of U.S. Homeowners Lack Property Insurance Due to Cost Barriers
Federal Reserve data shows 7% of U.S. homeowners are uninsured due to high property insurance costs, highlighting market and regulatory challenges.
Slide Insurance CEO Pay Surpasses Peers Amid Florida Market Growth
Slide Insurance's CEO Bruce Lucas received over $21 million in 2024, exceeding typical pay in Florida's public insurers during its IPO filing. This highlights compensation trends amid Florida's property insurance growth and regulatory environment.
Travelers to Sell Canadian Personal and Commercial Insurance Businesses for $2.4B
Travelers is selling its Canadian personal and most commercial insurance businesses to Definity Financial for $2.4 billion, closing expected in 2026. The move reflects strategic focus amid wildfire losses.
CMS Increases Oversight to Prevent Improper Medicaid Spending on Noncitizens
CMS ramps up oversight to stop misuse of Medicaid funds for noncitizen coverage, enforcing federal eligibility rules and recouping improper spending.
UnitedHealth Eyes Recovery Amid Medicare Scrutiny and Rising Costs
UnitedHealth faces DOJ investigation and Medicare scrutiny amid rising medical costs, yet diversification through Optum supports potential recovery in 2025.
DOJ Sues Medicare Advantage Insurers for Kickback and Discriminatory Practices
The DOJ has filed a lawsuit against major Medicare Advantage insurers for an alleged kickback scheme and discriminatory enrollment practices affecting beneficiaries with disabilities. The case highlights regulatory issues and market conduct in private Medicare plans.
Advisor Jeffrey Cutter Appeals SEC Case Ruling on Insurance Commission Disclosures
Jeffrey Cutter appeals SEC ruling on insurance commission disclosure, challenging regulatory requirements under the Investment Advisers Act and McCarran-Ferguson Act limitations.
Sapiens Secures Contract for State Auto Insurance Claims Modernization
Sapiens International Corporation has been selected by a leading state-run auto insurance organization to modernize claims operations with its ClaimsPro SaaS solution, signaling growth in AI-driven insurance automation and digital transformation.
Young Adults Show Limited Understanding of Health Insurance Options Post-Graduation
Survey reveals young adults have limited knowledge of health insurance options post-graduation, highlighting need for education on dependent coverage and subsidies.
CMS Administrator Dr. Mehmet Oz Highlights Commitment to Medicare and Medicaid Efficiency
CMS Administrator Dr. Mehmet Oz emphasizes protecting Medicare and Medicaid beneficiaries, targeting fraud, waste, and abuse, and promoting healthy living initiatives under new CMS leadership.