February 5, 2026 An agent submits what appears to be a simple consulting risk. Days later, the submission is still in underwriting review. The client follows up twice. No clear timeline. The opportunity moves to a competitor that could bind instantly. This guide explains how Coterie evaluates NAICS codes to determine instant eligibility, underwriting referral, or decline, so agents can pre-screen prospects, set accurate expectations, and avoid wasted submission time. How NAICS Codes Affect Insurance Eligibility Insurance carriers use NAICS (North American Industry Classification System) codes to determine underwriting appetite, pricing, coverage forms, and referral requirements. For agents, NAICS classification often determines whether a submission can bind instantly or requires underwriter review. Accurate NAICS classification: Improves quote accuracy …
Author: Awais
The Host The Department of Health and Human Services is funded for the rest of the fiscal year. But lawmakers remain concerned about whether the Trump administration will spend the money as directed. Meanwhile, negotiations over extending expanded subsidies for Affordable Care Act plans have broken down in the Senate, mostly over a perennial issue — abortion. The subsidies’ expiration at the end of 2025 has left millions of Americans unable to afford their health insurance premiums. This week’s panelists are Julie Rovner of KFF Health News, Anna Edney of Bloomberg News, Joanne Kenen of the Johns Hopkins Bloomberg School…
The industry’s most promising young stars are invited to join
Tricolor Holdings founder Daniel Chu, who faces federal fraud charges related to the collapse of the subprime auto-loan firm, won court approval to use company insurance policies to pay for his defense costs, a judge ruled Wednesday. US Bankruptcy Judge Michelle V. Larson agreed during a Dallas court hearing to free $5 million in directors and officers insurance to pay legal bills for Chu and others, including Tricolor itself, related to federal investigations of the company and its former managers. Prosecutors in New York have accused Chu of conspiring to defraud lenders and investors through various schemes, including “double-pledging” auto-loan…
Chief Executive Officer Damian Ely (pictured on the left) said the phased build began in 2024, with a 70-strong global aviation claims team operating across the UK, Asia, China, the Middle East, the US, and Latin America. The success of that model laid the groundwork for expansion into marine and energy, where Ely and Hagan joined Sedgwick in early 2025 to accelerate development.
An Asian cyber-espionage group has spent the past year breaking into computer systems belonging to governments and critical infrastructure organizations in more than 37 countries, according to the cybersecurity firm Palo Alto Networks, Inc. The state-aligned attackers have infiltrated networks of 70 organizations, including five national law enforcement and border control agencies, according to a new research report from the company.They have also breached three ministries of finance, one country’s parliament and a senior elected official in another, the report states. The Santa Clara, California-based firm declined to identify the hackers’ country of origin. The spying operation was unusually vast…
Two Southeastern states’ insurance commissioners this week posted sternly worded bulletins, warning property insurers about improper policy cancellations and claims denials. Following severe winter storms that swept across the South early this week, Commissioner Carter Lawrence and Tennessee Attorney General Jonathan Skrmetti urged carriers to “fulfill their contractual and legal obligations.” “If any company should fail to do right by its customers, if it wrongfully denies claims or otherwise engages in unfair practices, we will not hesitate to act,” the officials said in the posting. They did not specify what type of action would be considered. Policyholders who believe their…
British authorities investigating baby formula contamination said on Thursday there had been 36 likely cases of children developing symptoms consistent with poisoning from affected batches in the country. Nestle recalled some batches of its key infant nutrition products, including SMA, BEBA and NAN infant and follow-on formulas, across Europe on January 6 due to potential contamination with a toxin that could cause nausea and vomiting. Two weeks later, Danone recalled one batch of its Aptamil infant formula. Worries over the presence of the cereulide toxin have triggered recalls in dozens of countries and raised concerns among parents. The UK Health…
Introduction Immigrants, including those on H-1B visas, make significant contributions to the U.S. health care workforce and help to increase its capacity. H-1B workers are foreign workers with temporary approval to work in the U.S. in jobs that require specialized skills or knowledge. The Trump administration has implemented policies that will likely reduce the supply of H-1B workers, including a $100,000 entry fee for new H-1B visas as well as enhanced vetting and “online presence” reviews for all H-1B and H-4 (dependent) visa applications that have led to significant delays in visa processing. This issue brief provides an overview of…
Two years after a former University of California, Los Angeles, gynecologist was convicted of sex abuse and sentenced to 11 years in prison, an attorney working to prepare an appeal of the case stumbled across an astounding find for the defense counsel. A note by the jury’s foreperson, a designated spokesperson for the jury, had been sent to the judge expressing concern that one of the jurors did not have sufficient English to carry out his duties and deliberate. The juror was an alternate who was brought in after another juror had a medical issue and two days before the…
Presumably, many insurers in the next couple of weeks will continue to announce very favorable quarterly and full-year earnings—the kind of numbers that could draw the attention of legislators and regulators. Asked his thoughts on the potential for the implementation of some states’ excess profit laws, Chubb CEO Evan G. Greenberg said he was “sympathetic about the issue of affordability in the United States.” “But I would be careful when politicians think about that issue of affordability, pointing to insurance as a culprit,” he told analysts during a recent conference call to discuss Chubb’s financial results for the fourth quarter…
Zurich Insurance’s bid to buy British insurer Beazley will set the stage for further deals in the sector as buyers jostle for exposure to the lucrative specialty lines market, analysts, industry advisers and a broker said. London-listed Beazley said on Wednesday it was likely to recommend a sweetened 8 billion pound ($10.93 billion) approach from the Swiss insurer if it makes a formal offer at that price. It previously rejected multiple proposals from the company. Should the deal go through, Zurich will gain a substantial footprint in the historic Lloyd’s of London insurance market and widen its exposure to high-growth…
For global insurance and reinsurance group Everest, the Mt. Logan Re third-party capital vehicle is starting off the year strong, with its assets under management surpassing $2.5 billion as of January 1, 2026, and according to Everest’s President and CEO, Jim Williamson, the vehicle is expected to take on a more prominent role in the firm’s capital mix over time. Williamson, who spoke earlier today during the firm’s fourth-quarter earnings call, highlighted in his opening remarks how Everest’s third-party capital vehicle continues to perform well and gain traction across the market. “Our Mt. Logan third-party capital business is also performing…
California Gov. Gavin Newsom, who is eyeing a presidential bid, has incensed both Democrats and Republicans over immigrant health care in his home state, underscoring the delicate political path ahead. For a second year, the Democrat has asked state lawmakers to roll back coverage for some immigrants in the face of federal Medicaid spending cuts and a roughly $3 billion budget deficit that analysts warn could worsen if the artificial intelligence bubble bursts. Newsom has proposed that the state not step in when, starting in October, the federal government stops providing health coverage to an estimated 200,000 legal residents —…