About 14% of ACA enrollees didn’t pay premiums in January, a higher rate than usual and one that suggests ACA enrollment will continue to decline, according to Wakely.
Author: Awais
Some Gulf Arab and European leaders believe that a US-Iran peace deal will take about six months to be agreed and that the warring sides should extend their ceasefire to cover that timeframe, according to officials from the regions familiar with the matter.The leaders want the vital Strait of Hormuz opened immediately to restore energy flows and are warning in private that a global food crisis may develop if that doesn’t happen by next month, said the officials, who asked not to be identified discussing private talks. Energy prices will probably rise even more should the war stretch beyond that,…
The UK and France will host a summit to discuss setting up a naval force that would ensure freedom of navigation in the Strait of Hormuz, as Europe seeks to rebut US claims that it’s not doing enough to secure the waterway. The so-called Maritime Freedom of Navigation Initiative would be “strictly defensive in nature,” the UK said in a statement — underscoring how European leaders have no intention to help force a reopening of the Strait as President Donald Trump has demanded. “The unconditional and immediate reopening of the Strait is a global responsibility, and we need to act…
The Sacramento, California-based firm, founded in 2002, has been one of the more active retail consolidators in the US distribution market, using a steady pipeline of bolt-on deals to broaden its geographic reach and niche specialties across commercial, personal and benefits lines. It now operates in more than 20 states following a string of acquisitions in Kansas, Texas, Oklahoma, Nebraska and California over the past 18 months.
An inquiry by the Spanish Senate blames the government, as well the country’s grid operator and energy watchdog, for last year’s unprecedented blackout, according to preliminary conclusions made public on Wednesday. The probe by the upper house – which is controlled by the opposition People’s Party (PP) – is the first to assign blame for the outage that plunged large parts of Spain and Portugal into darkness for up to 16 hours on April 28, 2025. The nine‑month investigation said the blackout was not an unforeseeable accident, but rather caused by long‑standing structural weaknesses that were already known. “The blackout…
Since then, he has led initiatives that have expanded Applied’s footprint, including the acquisition of comparative rater and agency platform EZLynx, the launch of payment solution Applied Pay and its expansion into broader financial management, increased investment in benefits, a “better together” integration strategy connecting Applied and data‑exchange arm Ivans, and the acquisitions of AI‑focused risk and data platforms Planck and Cytora.
The UK has drawn up plans to prepare for potential food disruption as the Iran conflict causes a drop-off in supplies of carbon dioxide used widely in the industry. In a “reasonable worst-case scenario,” officials don’t foresee aisles of empty shelves but do expect a lack of product variety in shops if the Strait of Hormuz — the key waterway in the Gulf where trade has all but ceased since the war erupted — has not reopened by June. Carbon dioxide, or CO2, is vital for the food industry because it’s used in packaging, brewing, fizzy drinks and the slaughter…
Tower Hill Insurance Exchange is aiming to upsize its new catastrophe bond sponsorship, with the revised target now being to secure as much as $375 million of reinsurance protection against named storm losses in Florida from the Winston Re Ltd. (Series 2026-1) issuance, while pricing has dropped for all three tranches of notes on offer, Artemis understands.Tower Hill Insurance Exchange, a Florida homeowners and commercial property insurance underwriter, sponsored its debut catastrophe bond back in 2024, which secured the firm with $400 million of reinsurance from its Winston Re 2024-1 issuance. The company then returned to the market in 2025, and managed…
A recently released analysis of insurance carrier and reinsurer mergers and acquisitions finds that 75% of recent deals featuring reinsurers and multiline insurers as buyers destroyed value for shareholders. The report, “Carrier Mergers & Acquisitions: Drivers, Implications & Outcomes,” published by the insurance industry standards-setting body ACORD, notes that publicly traded reinsurer and multiline (writing both property/casualty and life/health insurance) buyers in M&A deals stand apart from P/C and L/H carriers, who are largely value creators. In contrast to the reinsurer/multiline segment, 60% of P/C-only carriers created value through M&A deals they closed between July 2023 and December 2025, and…
Anthropic PBC’s new artificial intelligence model Mythos could put traders and the broader financial system at risk through a Securities and Exchange Commission database, the American Securities Association said Thursday. The financial-industry trade group warned of the potential for bad actors to target the so-called Consolidated Audit Trail with AI tools and conduct mass identity theft, expose individuals’ trading portfolios and amplify insider threats. The group has long been a foe of the controversial market-tracking database. “The CAT was not designed to withstand the threat environment that Anthropic’s Mythos has now made real,” ASA President Chris Iacovella wrote to Treasury…
Almost all consumers agree that insurance policies should evolve to provide clearer coverage for micromobility vehicles on public roads, Nationwide shared in a new report. Nine in 10 respondents to a recent survey commissioned by the insurer held that view. Among commercial drivers, 85% said policies should evolve to provide clearer coverage for the increasingly popular lightweight vehicles. The findings come amid growing use of scooters and e-bikes in the U.S. Adoption is especially high among younger individuals, with nearly two in five parents saying their teens own or operate personal electric scooters and 28% reporting e-bike or motorized bicycle…
Healthcare affordability continues to keep employers up at night. More businesses are shopping for new healthcare vendors as a result, according to the Purchaser Business Group on Health.
The figures suggest Allstate remains in measured growth mode after several years of aggressive repricing and underwriting remediation across personal lines. The carrier, like many of its peers, has spent the past several years pursuing significant rate increases to restore personal auto and homeowners profitability amid inflation, weather losses, and reinsurance cost pressure.
Flood specialist Dana Sutton tapped to lead expanded offering for personal risk clients