According to a recent report by Verisk and the American Property Casualty Insurance Association (APCIA), the U.S. insurance industry is showing early signs of recovery, fueled by capital gains and stabilization in underwriting.
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Rising ACA Premiums in 2025
The ACA Marketplace is set to see notable premium increases in 2025, with insurers proposing a median hike of 7%. This is driven by several factors that insurance professionals should closely monitor.
Insurance Coverage Critically Impacts Life Support Decisions and Survival in Spinal Cord Injury Patients
A new study reveals that uninsured patients with severe spinal cord injuries are 49% more likely to be taken off life support compared to those with private insurance, posing significant ethical and operational challenges for insurers.
Cyber Insurance at a Crossroads: Navigating Emerging Threats and Opportunities
The cyber insurance market is currently navigating an unprecedented mix of challenges and opportunities. With a heightened threat landscape driven by resurgent ransomware activity and geopolitical instability, the industry finds itself at a critical juncture.
Aetna Expands Fertility Coverage
Aetna, a unit of CVS Health, will broaden its fertility coverage starting September 1, 2024, to include intrauterine insemination (IUI) regardless of a patient’s fertility status.
Confronting the Mental Health Coverage Gap: What Insurers Need to Know About Provider Challenges
The insurance industry is at a critical juncture as mental health care becomes a growing priority for Americans. However, a systemic issue is threatening access to care: a significant number of therapists are leaving insurance networks.
What Insurance Agents Can Learn from the Surge in Travel Insurance Demand
With the recent surge in extreme weather events, including early hurricanes and unpredictable storm patterns, travel insurance has become a must-have for many vacationers.
Insurance Industry Fights for Subrogation Rights in $4.04 Billion Maui Wildfire Settlement
The insurance industry is vigorously contesting a recent ruling by Maui Judge Peter Cahill, which blocks insurers from pursuing subrogation claims to recoup billions of dollars paid out in wildfire claims. The ruling clears the way for a $4.04 billion settlement related to the catastrophic August 2023 fires in Lahaina, which claimed 102 lives.
Looming NFIP Expiration Threatens Homebuyers and Insurers
Congress is facing a critical deadline to reauthorize the National Flood Insurance Program (NFIP) by September 30, a move that could have significant implications for the real estate and insurance industries if left unresolved.
Soaring Insurance Costs Could ‘End’ Affordable Housing
Property insurance premiums have surged, especially in states prone to natural disasters like Florida, Texas, and California. Insurers attribute these hikes to the frequency and severity of extreme weather events, along with increased costs for home repairs and construction.