The Trump administration has unveiled a sweeping set of regulatory proposals that would substantially change health plan offerings on the Affordable Care Act marketplace next year, aiming, it says, to provide more choice and lower premiums. But it also proposes sharply raising some annual out-of-pocket costs — to more than $27,600 for one type of coverage — and could cause up to 2 million people to drop insurance. The changes come as affordability is a key concern for many Americans, some of whom are struggling to pay their ACA premiums since enhanced subsidies expired at the end of last year.…
Author: Awais
IICF Northeast Announces Gavlick of Jencap Group as Board Chair Sarah Gavlick The Insurance Industry Charitable Foundation (IICF), a nonprofit organization dedicated to helping communities through grants and volunteer service, named Sarah Gavlick, executive vice president, Carrier Relations and Client Distribution at Jencap Group, as chair of the IICF Northeast Division board of directors. Gavlick has 30 years of underwriting, marketing and distribution experience, following 19 years at Markel, where she led the wholesale division as regional president – Northeast, chief territory officer – East and more recently, chief retail officer nationally. Gavlick’s elevation from long-serving IICF Northeast Board member…
On June 2, 2021, a tractor-trailer driven by Robert D. Fisher collided with Patrick J. Brennan’s vehicle, killing Brennan. The tractor was leased by Deerpass Farms Trucking from Deerpass Farms Services, while the tanker trailer was owned by Conserv FS, Inc. Great West covered the tractor under a policy with Deerpass Trucking, while Nationwide insured the trailer through Conserv. Both policies covered all parties involved in the accident.
Girnar Insurance Brokers Pvt., which operates insurance tech startup InsuranceDekho, is weighing an initial public offering in Mumbai that could raise as much as $250 million, according to people familiar with the matter. The Gurugram-based insurance aggregator has held recent discussions with investment banks about a potential listing and is expected to appoint advisers in the coming weeks, the people said, asking not to be identified because the information is private. The IPO is likely to include a mix of new share issuance and secondary sales by existing investors, and could take place later this year, they said. A representative…
Legislation to make wildfire risk scores more transparent passed out of the Washington state Senate on nearly unanimously. Senate Bill 5928, which passed 48-1, is being pushed by Insurance Commissioner Patty Kuderer. The bill is sponsored by Sen. Judy Warnick (R – Moses Lake). Related: Assignment of Benefits Bill Passes Washington Senate Insurers use third-party wildfire risk scores to evaluate a property’s exposure and to determine eligibility for coverage, pricing and renewals. Companies establishing these scores use satellite images, property data, insurance loss data and fire science to create risk assessments to sell to insurance companies. These scores, however, may…
With tile roofs popular across Florida, and with questionable claims about roof damage raising concerns in insurance and engineering circles, two Florida consulting engineers have offered this guide to aid engineers, attorneys, adjusters and property owners in examining wind damage to concrete tile roofs. This can be used to help understand the dynamics of wind and its effects. Key points have been highlighted in boldface type. Introduction Buildings are obstacles to wind currents and will cause changes in the direction of airflow. Redirection of the airflow results in varying magnitudes of negative and positive wind pressure over building surfaces. In…
Insurance at the centre of resilience “Our latest Risk & Resilience survey reveals that organisations are entering an era of converging risk, where digital, transitional, and geopolitical disruption are creating simultaneous pressures across every part of the business. Those best positioned to thrive will be the ones that grasp how interconnected risks amplify one another and turn resilience into a strategic advantage. As disruption becomes routine, companies are looking to specialty insurance not only for protection but as a core pillar of long-term growth in an increasingly volatile world,” said Paul Bantick, chief underwriting officer at Beazley.
SafePoint Insurance Company has successfully upsized its new catastrophe bond by two-thirds, securing $250 million of multi-year named storm reinsurance protection from capital market investors with the Nature Coast Re Ltd. (Series 2026-1) issuance, Artemis can report.SafePoint ventured back to the catastrophe bond market in the second-half of January, for the fifth catastrophe bond sponsored under its Nature Coast Re program and its ninth cat bond sponsorship in total. At launch to investors, the insurer was seeking $150 million in reinsurance through its latest cat bond issuance. But, as we reported in an update SafePoint raised its target for its…
Aon announced the appointment of Joe Peiser as CEO of Risk Capital. Joe Peiser Peiser first joined Aon in 2021 as commercial risk leader for North America before being appointed to Global CEO of Commercial Risk in 2023. In his new Risk Capital role, Peiser will work closely with solution line and regional leaders as well as Aon Business Services to accelerate the delivery of end to end solutions, ensuring clients benefit from a more connected, analytics‑enabled capital ecosystem. He will lead Aon’s Risk Capital capabilities across Commercial Risk and Reinsurance Solutions. Peiser will continue to report to Andy Marcell,…
Palo Alto Networks opted not to tie China to a global cyberespionage campaign the firm exposed last week over concerns that the cybersecurity company or its clients could face retaliation from Beijing, according to two people familiar with the matter. The sources said that Palo Alto’s findings that China was tied to the sprawling hacking spree were dialed back following last month’s news, first reported by Reuters, that Palo Alto was one of about 15 U.S. and Israeli cybersecurity companies whose software had been banned by Chinese authorities on national security grounds. A draft version of the report by Palo…
Applied Systems has been awarded a preliminary injunction against competitor Comulate, who Applied has accused of making a fake insurance agency to access its software platform and steal trade secrets. The competitors in the insurance technology market have traded litigation, but on Feb. 11 a federal judge in U.S. District Court for the Northern District of Illinois said Applied “is likely to suffer irreparable harm in the absence of preliminary relief.” Within a week from the order, Comulate must stop using any information obtained by its access to Applied’s insurance agency management software, Epic. Comulate must also stop selling any…
US President Donald Trump is shrinking the Environmental Protection Agency more quickly and aggressively than ever before, culminating in this week’s move to rescind the crucial “endangerment finding” underpinning key regulations of planet-warming pollution. And unlike Trump’s first term, the latest changes may be harder to reverse and result in long-lasting impacts on public health and the economy. Over the past year, the EPA has surpassed the staff and program cuts made during a similar period last time. It has also launched more pollution control rollbacks, with EPA Administrator Lee Zeldin proudly boasting about “the greatest day of deregulation our…
Chicago Title Insurance Company filed suit on February 11, 2026, in the United States District Court for the Southern District of New York, alleging that an email compromise scheme led to the diversion of $4,156,888.79 from a real estate closing in Newport, Rhode Island. The defendant, Earnspark Global Concerns, is described in court papers as a Nigerian business entity. Citibank, N.A. is named as a nominal defendant, solely because it holds the New York account where the funds were allegedly sent.
“At an industry level, employment growth in January was still largely concentrated in health care, adding 123,500 of the 172,000 private-sector employment gain,” said Stephen Cooper (pictured above), executive director and senior economist for the National Council on Compensation Insurance (NCCI).