New Mexico House Bill 527, sponsored by Rep. Cristina Parajón, a Democrat from Bernalillo, aims to mandate health insurance providers to cover medical cannabis costs. This legislation seeks to amend the state's health insurance codes to include medical cannabis under coverage offered by various
In an effort to refine how Risk-Based Capital (RBC) ratios are perceived and utilized, Ohio regulators have put forward a proposal that could significantly alter the landscape of transparency in the insurance sector by making annuity issuers' RBC ratios confidential. RBC ratios serve as a critical
The insurance industry is undergoing a revolutionary transformation with the integration of artificial intelligence (AI). The widespread adoption of AI promises to offer unprecedented efficiency and accuracy in the underwriting process, but it also raises fundamental issues that need to be
Health insurance affordability has turned into a daunting challenge for small businesses across the United States, with many struggling to provide coverage for their employees as costs continue to skyrocket. This predicament has only worsened over time, as evident from a health care policy paper
The legislative session in Tallahassee began on March 4, with Florida's House and Senate leaders, along with Governor Ron DeSantis, outlining their priorities amid ongoing property insurance issues in the state, particularly affecting the Florida Keys. This session follows a revealing report on the
A significant stride towards equitable insurance rate determinations has just been taken by the Washington State Senate. On March 8, 2023, the Senate successfully passed Senate Bill 5589, with the primary objective of addressing concerns surrounding current insurance rating practices. This bill
