Insurance Industry News

A collection of Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

boston.com - Cameron Sperance - No mortgage, no insurance: Why some Massachusetts homeowners are choosing to 'go bare'
No mortgage, no insurance: Why some Massachusetts homeowners are choosing to 'go bare'
Boston.com

She owns several properties across Massachusetts and Florida, carries no mortgages on any of them, and spent years paying premiums that kept rising while insurers kept dropping her anyway. When the last company canceled her Florida property…

timesleader.com - Public hearing requested on Geisinger-Risant's request to modify $100M insurance conditions
Public hearing requested on Geisinger-Risant's request to modify $100M insurance conditions
Times Leader

WILKES-BARRE — A coalition of community members and health care workers in Pennsylvania is calling for a public hearing to ensure transparency around Geisinger-Risant's “Request for Modification” of its insurance conditions.

wsj.com - Angus Loten - Act-of-War Clauses Cloud Cyber Insurance Coverage
Act-of-War Clauses Cloud Cyber Insurance Coverage
Wall Street Journal

From Europe to the Middle East, geopolitical conflicts have companies rereading the fine print on insurance policies that deny coverage for wartime cyberattacks. Act-of-war exclusions—a common provision in homeowners, life and travel…

wtol.com - Julie Martin - When a tornado strikes, here's what homeowners insurance really covers
When a tornado strikes, here's what homeowners insurance really covers
wtol.com

ATLANTA — A tornado can tear apart a home in seconds. But for many homeowners, the financial shock doesn't end when the storm passes — it starts when they file an insurance claim. Across much of the U.S., a growing number of…

axios.com - Caitlin Owens - The growing thirst for health insurance trustbusting
The growing thirst for health insurance trustbusting
Axios

The idea of breaking up big health insurance companies has suddenly entered the political conversation, even if it faces long odds of ever actually happening. Why it matters: Politicians across the ideological spectrum are increasingly convinced…

digitaltrends.com - Rachit Agarwal - AI is doing the dirty work for insurance companies, and it's getting worse
AI is doing the dirty work for insurance companies, and it's getting worse
Digital Trends

Insurance claims adjusters have never had a reputation for generosity. But at least they were human. That's changing fast, and not in your favor. A report by Futurism details how AI automation is now a major trend in personal insurance, the health…

axios.com - Emily Peck - The overlooked private credit risk is in life insurance
The overlooked private credit risk is in life insurance
Axios

A big, overlooked risk in private credit is coming from the life insurance industry, investors and economists warn. Why it matters: Life insurance, particularly the annuities that people buy to fund their retirements, could be the vehicle through…

medpagetoday.com - Shannon Firth - Insurers Release Prior Authorization Denial Rates
Insurers Release Prior Authorization Denial Rates
Medpage Today

Most insurers have been compliant with public reporting requirements for prior authorization issued by the CMS, but whether the increased transparency actually helps patients is still an open question. In keeping with the CMS Interoperability and…

rappler.com - Val A. Villanueva - [Vantage Point] The P1-billion layer in the LTO DBP-DCI insurance certificate system
[Vantage Point] The P1-billion layer in the LTO DBP-DCI insurance certificate system
RAPPLER

For years, the Land Transportation Office (LTO) has struggled with a reputation for inefficiency and, at times, for implementing systems that impose costs without clear corresponding value. Each reform cycle is framed around modernization…

mylondon.news - Kumail Jaffer - We've been left out to dry' - National Insurance hike still biting a year on
We've been left out to dry' - National Insurance hike still biting a year on
My London

Punitive tax rises are stretching London's hospitality sector to its limit, business owners have claimed. Last April Chancellor Rachel Reeves faced heavy criticism for choosing to top up the public finances with an extra tax on businesses. The…

wpbf.com - Vanessa Laurent - South Florida man arrested for staging car crash to file fraudulent insurance claim
South Florida man arrested for staging car crash to file fraudulent insurance claim
WPBF

South Florida man arrested for staging car crash to file fraudulent insurance claim GOOD MORNING. IT'S FRIDAY, APRIL 3RD. I'M STEVEN GRAVES WITH YOUR NEWS TO GO. A MURDER INVESTIGATION IN MARTIN COUNTY AFTER A WOMAN IN HER 70S WAS STABBED TO DEATH…

pymnts.com - PYMNTS - One Inc and ManageMy Power Digital Payments for Insurance
One Inc and ManageMy Power Digital Payments for Insurance
PYMNTS.com | Breaking News, Trends and Analysis

This collaboration brings together One Inc's ClaimsPay and PremiumPay network, which enables insurance-native digital payments, and ManageMy's platform for insurance carriers, which enables digital experiences across sales, service and claims, the…

kiplinger.com - Rachael Green - 6 Ways Seniors Can Save on Home Insurance
6 Ways Seniors Can Save on Home Insurance
Kiplinger

Get Kiplinger Today newsletter — free Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up. Contact me with…

marketbeat.com - Heritage Insurance (NYSE:HRTG) CAO Sells $236,624.00 in Stock
Heritage Insurance (NYSE:HRTG) CAO Sells $236,624.00 in Stock
MarketBeat

Heritage Insurance Holdings, Inc. (NYSE:HRTG - Get Free Report) CAO Sharon Binnun sold 9,200 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $25.72, for a total transaction of $236,624.00.

benzinga.com - Ananya Gairola - Fake Rescues On Mount Everest? Alleged $20 Million Insurance Fraud Scheme Involving Trekking Firm, Hospit
Fake Rescues On Mount Everest? Alleged $20 Million Insurance Fraud Scheme Involving Trekking Firm, Hospit
Benzinga

Nepal's authorities have uncovered an alleged fraud operation centered around expeditions to Mount Everest, where foreign trekkers were targeted for bogus rescue and medical claims. The South Asian country's Central Investigation Bureau (CBI) said…

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