Insurance organizations are under pressure to move faster, operate more efficiently, and improve financial performance. Yet many carriers, MGAs, reinsurers, and program businesses are still relying on fragmented systems, manual workflows, spreadsheets, and delayed reporting to run critical parts of their operations. This white paper, commissioned by INTX Insurance Software and supported by independent RSM field research, examines the true cost of legacy insurance systems, from high implementation costs and manual workarounds to lost productivity, delayed system changes, and reinsurance leakage. The findings show that modernization is no longer simply a technology decision. It is an operating model decision. Download the report to understand how legacy…
Author: Awais
On cost, Samfiru is blunt about why a buyout program is cheaper than a mass termination, particularly at companies like Rogers where long-tenured employees would otherwise command significant severance. “With a termination, the law dictates what you have to pay employees, and that amount can be very significant,” he says. “A lot of these employers like Rogers have long-service employees, and that severance can add up quickly with a buyout or a voluntary package — there’s no requirement to pay anything, it’s really what you and the employee agree to.”
Tory Starr is worried about the people who get medical care at Open Door Community Health Centers along California’s North Coast. “They’re the folks that work at restaurants. They’re the teacher’s aides,” said Starr, a registered nurse who became Open Door’s chief executive more than six years ago. Those patients, he said, are “really the heart and soul of rural America.” He said if his remote health centers don’t get a share of the billions of dollars Congress earmarked to transform health care in rural America, patients may soon lose services. About 50% of Open Door’s 60,000 patients are on…
Native, Hispanic and Black communities experienced worse health access and affordability issues than white people in most states, according to a new report from the Commonwealth Fund.
Northern Re, the collateralized reinsurance company that provides investors access to returns of its long-tail casualty underwriting business, has announced that it has selected Palantir Technologies as a core platform to support the continued development of its capital intelligence capabilities.According to the announcement, the platform brings underwriting and capital teams onto a shared view of portfolio performance, which helps support clearer decision‑making as programs develop over time. Northern Re’s decision to choose Palantir reportedly builds on work that the company has been doing for a number of years to improve how operational data is used on a day-to-day basis, rather…
Key Takeaways Health costs continue to top the public’s list of affordability worries, even as concerns about gas prices have risen in recent weeks. Nearly two-thirds (64%) of adults are worried about being able to afford health care costs, on par with the share who now worry about gas and transportation costs (64%) and outranking other economic concerns. In January 2026, prior to the start of the U.S. conflict with Iran, gasoline and transportation costs ranked at the bottom of household financial worries. Now, gas prices share the top spot with health care costs as the biggest financial worry adults…
An appeals court has reversed an $8.2 million defamation verdict awarded to Alabama politician Roy Moore, who sued a super PAC over a 2017 political ad detailing misconduct accusations against him. The panel of the 11th U.S. Circuit Court of Appeals ruled that Moore failed to prove the organization acted with malice, one of the legal standards for cases involving public figures. The three-judge panel vacated the defamation verdict and ordered the trial judge to enter a summary judgment in favor of Senate Majority PAC. Moore, a former Republican judge known for his hardline stances opposing same-sex marriage and supporting…
Some of the biggest names in oil trading are becoming embroiled in a complex web of disputes that could be worth many billions of dollars, as the industry wrangles over who should be liable for contracted shipments that weren’t delivered as a result of the Iran war. The increasingly widespread issues are adding to headaches for producers and traders already grappling with the biggest oil supply shock in history, and threaten to haunt key Middle Eastern energy markets long after shipping through the Strait of Hormuz resumes, industry executives said. In one example, a unit of PetroChina Co. has clashed…
Kansas Insurance Commissioner Vicki Schmidt announced a Cherokee County man has been sentenced to 24 months of probation for insurance fraud. Chad Ashe, aged 43, pleaded guilty on January 21, 2026, in Cherokee County District Court to one felony count of insurance fraud. Following a car accident, Ashe added collision coverage to his policy and filed a claim falsely stating the date and time of the accident. He pleaded guilty and was sentenced on April 8, 2026, to 24 months of probation and was fined $1,000. The Kansas Department of Insurance investigated this case which was prosecuted by the Kansas…
AI without the theatre In a market saturated with grand claims for artificial intelligence, Paraskevopoulos sounds notably restrained. Westland, he said, is still early in its AI journey, but it is already using the technology in several practical settings. One example is email submission processing. Where submissions arrive in inboxes and would previously require manual extraction and re-entry, AI is used to pull out the relevant information, structure it and enable automated submission.
Humana’s foremost priority is returning to 3% Medicare Advantage margins in 2028, CEO Jim Rechtin repeatedly promised investors on Wednesday morning. Still, the insurer’s profits dipped in the first quarter.
The Bank of England’s regulatory arm on Wednesday set out plans to tighten the capital treatment of funded reinsurance, a type of deal in which life insurers pass on risk to offshore reinsurers. British life insurers will have to increase the amount of capital they hold against these transactions to about 10%, up from about 2% to 4% currently, the Prudential Regulation Authority said. The move is the latest step by the Bank of England to address risks arising from the growing links between private investors and the banks and insurers it regulates. Funded reinsurance has been growing rapidly, with…
Newport Specialty Partners, a new specialty insurance platform backed by Lovell Minnick Partners, announced that it has acquired Complex Coverage, Inc. (CCI), a managing general agency focused on homeowners and personal lines coverage in New York. The transaction is Newport’s first platform acquisition, which the company said establishes a foundation for its strategy of building a diversified MGA and specialty insurance distribution platform. Founded in 1997 by Mike Mahoney, CCI is headquartered in Huntington, New York. The company administers insurance programs in homeowners, dwelling fire, builder’s risk, boat, umbrella, flood, and related personal lines coverages through partnerships with insurance carriers.…
As of July 2025, about 1.2 million people live in nursing facilities (referred to as nursing homes) and about one in five are in a nursing home in a rural area. This is similar to the share of the total U.S. population that lives in rural areas (20%) and slightly lower than the share of all adults 65 or older living in rural areas (24%). Nursing homes provide medical and personal care services for older adults and younger people with disabilities.Rural populations are older than urban populations and rural residents have a higher level of disability than their urban counterparts. The older demographic and higher rates of disability among rural populations contribute…