Tag: insurance regulation

Senators Propose Legislation to Block AI Prior Authorization Pilot in Traditional Medicare

Senators introduce bill to stop AI-driven prior authorization pilot program in Traditional Medicare, citing risks to seniors' access to care and provider burden. Legislative effort targets CMS's WISeR model set for 2026 rollout.

Utah's New Wildfire Mitigation Law Sets Framework for WUI Homeowner Fees

Utah's House Bill 48 introduces fees and assessments for homeowners in wildfire-prone Wildland Urban Interface areas to enhance fire risk mitigation and insurance stability.

New Law Mandates Inflation Adjustments for Military Life Insurance

New bipartisan law mandates five-year inflation adjustments for military life insurance, enhancing financial security for servicemembers and setting a regulatory precedent in federal insurance benefits.

Iowa Leads 10-State Coalition Defending State Regulation of Pension Transfers

Iowa leads a coalition of ten states defending state regulatory authority over employee pension transfers, emphasizing decades of effective pension protection under state insurance oversight.

Hawaii Property Insurance Market Faces Climate-Driven Instability and Rising Costs

Hawaii's property insurance market is destabilized by climate disasters and aging housing, with rising premiums and insurer withdrawal threatening market access and affordability. Report highlights policy strategies for financial accountability and resilience.

ACA Subsidy Losses Impact Insurance Coverage in Wisconsin, Michigan, Nevada

Loss of Affordable Care Act subsidies is driving higher deductibles and insurance drop-offs in Wisconsin, Michigan, and Nevada. This impacts market dynamics and ACA coverage continuity.

State Healthcare Spending Caps Face Challenges Amid Federal Medicaid Cuts

States including California and Massachusetts use spending caps to curb rising healthcare costs amid federal Medicaid cuts, facing provider resistance and market challenges.

AMA 2024 Study Highlights High Concentration in U.S. Health Insurance Markets

The AMA's 2024 report reveals significant concentration in U.S. commercial and Medicare Advantage health insurance markets, raising concerns over competition and consumer choice.

South Korea Adjusts Discount Rate Rules to Ease Non-Life Insurer Solvency Challenges

South Korea's Financial Supervisory Service has eased discount rate regulations to reduce solvency pressures on non-life insurers amid declining interest rates and IFRS 17 accounting challenges.

Florida Legislation Seeks to Restrict AI-Driven Insurance Claim Denials

Florida lawmakers consider a bill to ban denial of insurance claims based solely on AI outputs, balancing consumer protections with industry efficiency in AI-driven claim processing.