Tag: Regulatory

Affordable Care Act Nears Funding Renewal, Florida Faces Major Impact

As the Affordable Care Act approaches its December 31 funding deadline, Florida stands as the largest state affected with 25% of its under-65 population insured through ACA plans. This renewal will influence health insurance market dynamics and regulatory compliance.

Manulife Sells MVI Life to Japan’s Asahi Life, Retains Manulife Vietnam

Manulife sells MVI Life to Asahi Life, retaining its key Vietnam operations. Learn about the impact on Vietnam's life insurance market and strategic industry moves.

Florida's 2023 Lawsuit Reforms Drive Insurance Market Stability

Florida's 2023 lawsuit reform package reduces litigation costs, lowers insurance premiums, and attracts new insurers, stabilizing the state's auto and homeowners insurance markets.

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.

Study Finds Surging Liability Insurance Deficits Driven by Rising Claims Costs

Triple-I and CAS study reveals liability insurance deficits between $231.6B and $281.2B over 2015-2024 due to rising claims costs and legal system factors, exceeding standard inflation.

USDA Ends Key Food Security Report Amid Nutrition Assistance Cuts

USDA discontinues Household Food Security Report as federal nutrition assistance programs face cuts and new Medicaid work requirements loom, complicating tracking of hunger trends.

Sentara Health Plans to End Multiple Medicare Advantage Products by 2025

Sentara Health Plans will discontinue several Medicare Advantage products in Virginia, North Carolina, and Florida by end of 2025 due to financial and regulatory challenges, affecting member coverage options during Medicare open enrollment.

Blue Cross Blue Shield Ends Vermont Medicare Advantage Plans After Significant Losses

Blue Cross Blue Shield to discontinue Vermont Medicare Advantage plans next year after substantial financial losses, impacting 30,000 Vermonters and requiring plan changes.

Plaintiff Legal Advertising Surge Raises Insurance Cost Concerns

Explore how a 32% rise in plaintiff attorney advertising in 2024 is influencing U.S. property and casualty insurance costs, with insights from expert Robert P. Hartwig.

Hawaii Promotes NAIC Life Insurance Policy Locator Tool in 2025

Hawaii's Insurance Division highlights the NAIC's Life Insurance Policy Locator tool helping recover unclaimed life insurance benefits and annuities in 2025.