The insurance defense sector is grappling with unprecedented challenges, as the industry faces a dual dilemma: a talent shortage and rising operational costs.
Author: Maria Valdez Haubrich
Rising Costs Could Lead to Stripped-Down Workplace Insurance
The increasing demand for expensive weight-loss drugs like Wegovy and Ozempic is driving up the cost of workplace insurance, potentially leading to pared-down benefits in the near future.
Cyber Insurance: A Key Driver of Risk Reduction
Recent reports, including a Forrester study and an Omdia survey commissioned by At-Bay, underscore the critical role cyber insurance plays in helping companies mitigate cyber risks. Organizations with standalone cyber insurance are more effective at detecting, responding to, and recovering from cyber incidents compared to those without coverage. This trend is leading to increased demand… Continue reading Cyber Insurance: A Key Driver of Risk Reduction
Congress Probes MultiPlan: Key Concerns for Insurance Insiders
MultiPlan, a data analytics firm, is under Congressional scrutiny for its role in reducing payments to medical providers, often leaving patients and employers with large bills.
NSM Insurance Group Completes Acquisition of AllClear and InsureandGo
NSM Insurance Group adds to its growing travel insurance portfolio with two leading U.K. brands.
Highmark Partners With Senior Living Operators on Specialized Medicare Plan
Highmark Health’s subsidiary, Endorsed LLC, is teaming up with three senior living operators to offer a specialized Medicare Advantage plan aimed at dual-eligible seniors.
Supreme Court Ruling Shakes Up Insurance Neutrality in Mass Tort Bankruptcies
The US Supreme Court’s recent decision has sent ripples through the insurance and legal industries. This unanimous ruling redefines the role of insurers in Chapter 11 bankruptcy proceedings, particularly in cases involving mass tort liabilities.
Emerald Bay Risk Solutions Acquires Mainsail Insurance Company
Emerald Bay Risk Solutions (“Emerald Bay”), a collaborative underwriting carrier, announced the acquisition of Mainsail Insurance Company (“Mainsail”). The acquisition will complement and expand Emerald Bay’s tailored insurance solutions to facilitate writing business in the national admitted markets.
Enhancing Customer Connections Through Digital Transformation in Insurance
In the insurance industry, digital transformation is reshaping how agents interact with customers. While automation streamlines operations, it can also create barriers to empathy, a crucial element in delivering personalized customer experiences.
Catastrophe Bonds Under Fire
Catastrophe bonds, which have delivered high returns to investors, are facing scrutiny due to their complex and rigid payout structures.