Insurance Industry News
A collection of Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Insurers claim AI is already increasing healthcare costs
Hospitals' use of artificial intelligence tools as they submit insurance claims led to an additional $942 million in healthcare spending over a two-year period, according to an analysis by the Blue Cross Blue Shield Association. The BCBSA analysis…
Health insurance premiums are likely to rise significantly in 2027 as well
It won't be until 2028 that health insurance premiums are expected to decrease, thanks to the new funding for healthcare costs. Health insurance premiums are expected to rise again by 4 to 5 percent in 2027. However, thanks to the new uniform…
Kakao Pay Insurance bucks digital insurer retreat
Platform-first model, built on Kakao's existing user base, drives growth, narrows losses Korea's first wave of standalone digital insurers is retreating, with two early players returning to their traditional insurance parents after years of losses.
Stop waiting for disaster to strike: How AI and smart home tech are predicting risks early to deliver cheaper home insurance
While other industries such as banking have undergone a major technological revolution in the last few years, insurance has remained pretty much the same for centuries — at least as far as the consumer is concerned. Sure, the way in which…
Healthcare Workers Are Dropping Health Insurance As Affordability Crisis Drags On
Some U.S. healthcare workers are now dropping health insurance coverage as costs continue to skyrocket. Many health professionals are currently grappling with unaffordable medical bills, according to multiple recent reports. More medical workers…
Minister launches sheep and goat insurance scheme in Karimnagar
Minister for Animal Husbandry Vakiti Srihari said the State government was committed to the welfare of the shepherd community and urged sheep rearers to improve the productivity of sheep and goats to enhance their incomes. Mr. Srihari, along with…
Hospital AI use is causing medical bills to soar, with Blue Cross estimating $1 billion in extra insurance costs
Insurers paid out $1bn extra because of AI assistance in hospitals, report claims AI is scanning through swathes of current and old data to find extra ailments Insurers are using AI to question whether those diagnoses are relevant The Blue Cross…
How This Arizona Insurance Exec Hit $1M in His 30s - and Why Retirement Still Scares Him
Welcome to Kiplinger's My First $1 Million series, in which we hear from people who have made $1 million. They're sharing how they did it and what they're doing with it. This time, we hear from a married 54-year-old health insurance executive…
41,833 Shares in Heritage Insurance Holdings, Inc. $HRTG Bought by Corient Private Wealth LP
Corient Private Wealth LP purchased a new position in Heritage Insurance Holdings, Inc. (NYSE:HRTG - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The…
The Manufacturers Life Insurance Company Makes New $2.98 Billion Investment in Apple Inc. $AAPL
The Manufacturers Life Insurance Company bought a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 10,302,563 shares of the iPhone maker's stock, valued…
JPMorgan Chase & Co. $JPM Stock Bought by Nan Shan Life Insurance Co. Ltd.
Nan Shan Life Insurance Co. Ltd. raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 21.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 198,905 shares of the financial…
Slide Insurance Holdings, Inc. $SLDE Shares Newly Purchased by Bank of America Corp DE
Bank of America Corp DE purchased a new stake in Slide Insurance Holdings, Inc. (NASDAQ:SLDE - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 565,510 shares of the…
Heritage Insurance Sees Growth Ahead as Margins Improve and Reinsurance Costs Fall
Heritage Insurance NYSE: HRTG outlined a controlled-growth strategy after reporting improved second-quarter profitability, citing rate adequacy, lower reinsurance costs, geographic diversification and a strengthened balance sheet. Kirk Lusk, the…
Understanding the 'Stock Market'
Most stocks are already well into a bear market. Some names are pretty marked down. There are a few names I like, Uber for instance has a great moot and service I really use and appreciate as I no longer have a car. And they are moving into…
Latest from the dock: 12 people sentenced at Bristol Magistrates' Court
It's been another busy week in Bristol's courtrooms, as the wheels of justice continue to turn slowly in an underfunded and understaffed system. In the magistrates court, which typically deals with lower level offending, people were sentenced for a…
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