As the insurance industry continues to evolve, the need for modernizing and streamlining insurance licensing processes has never been more critical.
Author: Maria Valdez Haubrich
Mike Falvey to Become Executive Chairman of Falvey Insurance Group in 2025
Effective January 1, 2025, Mike Falvey will step down as CEO of Falvey Insurance Group and assume the role of Executive Chairman. He will continue to offer strategic guidance and oversight in this new capacity. Jack Falvey, currently the COO, will be promoted to CEO.
GATC Develops Specialized Insurance for Clinical Trials
GATC Health has created a specialized insurance policy for clinical trials, addressing a significant gap in the market. This new coverage is designed to mitigate risks associated with clinical research, providing a safety net for companies involved in drug development.
FEMA Plans Overhaul of Flood Insurance Discount Program
FEMA is set to revamp its Community Rating System (CRS), which offers flood insurance discounts based on community efforts to reduce flood risk.
Insurance Shortages Impact Tow Truck Pricing Debate
Tow truck operators are citing a lack of affordable insurance as a key factor in the ongoing price-gouging debate. The high cost and limited availability of insurance coverage are driving up operational expenses for these businesses.
Aerosmith Tour Cancellation Highlights Importance of Event Insurance
Aerosmith’s tour cancellation due to Steven Tyler’s health underscores the role of event cancellation insurance provided. Paul Bassman, managing director at Higginbotham Insurance, explains the financial implications for insurers facing significant payouts from such unforeseen events.
Acko Acquires Health-Tech Startup OneCare in Cash Deal
Acko, a prominent Indian digital insurance provider, has acquired health-tech startup OneCare in an all-cash deal. This acquisition aims to expand Acko’s footprint in the health insurance sector by integrating OneCare’s innovative healthcare solutions.
Insurers Face Challenges with Medicare’s Extra Payments for Home Visits
A recent report by The Wall Street Journal highlights that Medicare is issuing additional payments for home visits tied to patient diagnoses. This practice aims to incentivize thorough patient evaluations but has implications for insurers managing Medicare Advantage plans.
Rising Costs of Cancer Screening Tests Present Challenges for Insurers
A recent study published in the New England Journal of Medicine reveals the rising costs of cancer screening tests, posing significant financial challenges for the healthcare system and insurers.
Ryan Specialty Insurance Acquires US Assure
Ryan Specialty Insurance has acquired US Assure, a significant player in construction and property insurance. This acquisition aims to enhance Ryan Specialty’s offerings and expand its footprint in the specialty insurance market.