The issue of California homeowners losing their insurance coverage has reached alarming proportions, leaving many residents bewildered and vulnerable. This article delves into the specific causes, common themes, and the broader impact this trend is having on the state's residents. Increasing
The potential 25 percent reduction in Medicaid funding proposed in a Republican-backed federal budget has sparked significant concerns among federal, state, and local leaders about the future of healthcare in Illinois. This drastic budget cut threatens to strip nearly one million residents of their
The global commercial property insurance market, which was valued at USD 247.80 billion in 2022, is anticipated to experience significant growth over the coming years. Forecasts predict a Compound Annual Growth Rate (CAGR) of 10.39% from 2023 to 2028, driven by the growing recognition among
Life insurance premiums for military personnel, their families, and veterans are set to experience a significant reduction starting on July 1. Service members enrolled in Service Members' Group Life Insurance (SGLI) will witness their monthly premiums decrease from 6 cents to 5 cents per $1,000 of
In an industry-shaking move, NSM Insurance Group, a global specialty insurance provider, has offloaded its US commercial insurance division to New Mountain Capital. The investment firm, boasting over $55 billion in assets, now has ownership of NSM's 15 niche insurance programs across Property &
Professional indemnity (PI) claims against solicitors have become a prominent issue within the legal sector, with more than half of PI cases in the High Court directed at these legal professionals. Such trends underscore the significant liability risks faced by solicitors due to the highly
Automating insurance verification holds transformative potential for healthcare payments. This article explores the impact of shifting from manual to automated methods, highlighting the benefits for both practices and patients. By addressing inefficiencies and errors in traditional processes,
Houston homeowners are facing an unprecedented dilemma as home insurance rates continue to skyrocket, leaving many to reconsider their options and contemplate the risky decision of going without coverage. The financial strain is growing unbearable for many residents, forcing a difficult choice
Simon Glairy is a recognized expert in the fields of insurance and Insurtech, with a specialized focus on risk management and AI-driven risk assessment. Today, Simon shares insights into the decision by Bradford to join the County of Simcoe's insurance pool and what this means for the town's
The aviation re/insurance market in 2025 finds itself in a delicate balance, maintaining stability despite potential disruptions on the horizon. Recent analysis by WTW points to a relatively stable market, avoiding the anticipated hardening that many feared would characterize early 2025. Influenced
