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Insurance

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A coalition of health insurance companies is vowing to make changes to the prior authorization process, after years of patients and providers’ complaints over a system they say delays...
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Health insurance is no longer a luxury—it's a necessity. But if you've ever tried picking a plan, you've probably been bombarded with jargon. One of the most critical terms to understand is “Sum In...
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STERLING, Mich.--(BUSINESS WIRE)-- Cherokee Insurance Company, which provides a spectrum of casualty insurance coverages to transportation companies across the U.S. and Canada, today announced a ...
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Roughly three-quarters of the nation's health insurance providers signed a series of commitments this week in an effort to improve patient care by reducing bureaucratic hurdles caused by insurance ...
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After eliminating applications and loss runs for majority of accounts, enabling real-time quoting and prospecting, and delivering physician-level pricing, Indigo’s Broker Portal is yet another ex...
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The ransomware attack that hit McLaren Health Care in 2024 exposed the personal data of 743,000 individuals. McLaren Health Care is notifying over 743,000 people of a data breach disc...
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American workers anticipating the arrival of Social Security monthly paychecks when they retire often express concerns about whether the program's trust funds will be in sufficient supply to meet t...
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OLDWICK, N.J.--(BUSINESS WIRE)-- AM Best has downgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a” (Excellent) from “a+” (Excellent) and affirmed the Financial Strength Rating of ...
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Evidence suggests that insurance companies use AI to delay or limit health care that patients need. FatCameraE+ via Getty ImagesOver the past decade, health insurance companies have increasingly em...
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HONG KONG--(BUSINESS WIRE)-- AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Hyundai Marine & Fire Insurance C...
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Miami – Skyrocketing homeowners insurance rates are gripping Florida and beyond, impacting millions of people who are struggling to keep their homes. Premiums have doubled over the past three year...
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Reckless spending has been driving Social Security toward a fiscal cliff. Scheduled benefits will have to be cut by 23 percent in 2033 to keep the program solvent. This is the grim conclusion drawn...
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CINCINNATI--(BUSINESS WIRE)-- Great American Insurance Group’s Property & Inland Marine Division is excited to announce a new strategic relationship with Dyad, a leading provider of connectiv...
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After several years of financial bleeding, America’s auto insurers have finally shifted out of the red—and now they are being forced to pivot just as fast to avoid losing their most valuable custom...
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Florida, Texas and California Top States for Lightning Losses MALVERN, Pa.--(BUSINESS WIRE)-- U.S. insurers paid $1.04 billion in lightning-related homeowners insurance claims in 2024, a 16....
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Nearly six months after a series of devastating wildfires, California’s property insurance crisis is far from stabilized. Many market participants are focused on the next climate-fueled disaster –...
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Krispy Kreme Doughnut Corporation has confirmed a significant data security incident affecting thousands of current and former employees, along with their family members, following unauthorized acc...
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The evolution of car insurance: From first policy to modern telematics Car insurance didn't always come standard with a set of keys. What started as a niche product in the early days of motoring h...
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Social Security and Medicare are expected to need to cut monthly benefits in less than a decade as the trust funds for both programs are on track to run dry earlier than previously pr...
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Data breach at Healthcare services company Episource exposes personal and health data of over 5.4 million people in major cyberattack. A cyberattack on healthcare firm Episource led t...
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OLDWICK, N.J.--(BUSINESS WIRE)-- AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of...