LOUISVILLE, Ky. — In the early 2000s, Michelle Warfield worked at a factory, hauling heavy seats for Ford trucks on and off an assembly line. To suppress daily aches in her back and hips, her doctor prescribed opioid painkillers. They worked for a bit. But by 2011, Warfield struggled to walk. And “by that time, I was addicted,” said Warfield, now living in Shelbyville, Kentucky. After she lost her health insurance, Warfield started buying pills on the street. She tried to quit several times, but the debilitating withdrawal — so bad she couldn’t get out of bed, she said —…
Author: Awais
The Iran war is likely to raise uncertainty in the global terrorism and political violence insurance markets, particularly in the United States and Europe, according to credit ratings agency Morningstar DBRS, in a commentary on the war, While the insurance and reinsurance sector remains well capitalized and broadly able to absorb moderate losses, prolonged instability is likely to raise underwriting volatility and increase concerns around exposure accumulation across multiple specialty insurance lines, said the report, titled “Iran War May Increase Concerns About Terrorism and Political Violence Insurance Underwriting Beyond the Middle East.” DBRS explained that the main credit risk for…
US President Donald Trump said he wanted to have no wind turbines built during his presidency, reiterating his distaste for the renewable energy source after his administration has made multiple moves to thwart its development. “I’m proudly telling you that we’re going to try and have no windmills built in the United States during my” administration, Trump said in remarks from the Oval office on Tuesday. “They’re very bad environmentally.” The remarks came after the New York Times reported that the Trump administration is weighing a $1 billion deal with TotalEnergies SE, the French energy company spearheading two US offshore…
Marsh Risk, a business of Marsh, announced the launch of BX1, a new Bermuda-domiciled insurance facility designed to provide US-based clients with an excess casualty insurance solution offering a unified block of $50 million capacity, placement certainty, and superior policy terms for the challenging U.S. casualty market. BX1 consolidates capacity from leading Bermuda insurers Ascot, Markel, Ark, and Sompo under a single Marsh Bermuda contract. This structure helps simplify documentation and claims handling by providing a single claims decision-maker and contact, reducing administrative complexity and claims expenses for clients. The policy is issued on the proprietary Marsh XSellence excess casualty…
Florida authorities have charged a contractor with underreporting payroll and avoiding more than $1 million in workers’ compensation insurance premiums. Jacques G. Denomme, of Port St. Lucie, was arrested in Martin County and released on bond earlier this month, after investigators with the state Department of Financial Services found a two-year effort to avoid higher premiums. Denomme allegedly used two money service businesses to conceal his payroll, DFS said in a statement this week. An arrest warrant was not available in the Martin County online court file. Florida Department of Business and Professional Regulation records show no contractor’s license information…
Nearly all physicians said they had already used AI in their practice or are interested in doing so, according to the survey by Doximity. But more than 70% said accuracy and reliability were a top barrier to adoption.
Legislation that would have waived building permits for jobs valued at up to $7,500 failed to pass the Florida House this year, but the key clause found its way into another bill that is now awaiting the governor’s signature. “A local government that issues building permits shall exempt an owner of a single-family dwelling or the owner’s contractor from the requirement to obtain a building permit to perform any work valued at less than $7,500 on the owner’s property,” reads House Bill 803. The House approved the bill last week, a week after the state Senate passed it and just…
Across the market, insurers and MGAs have been gradually expanding coverage to address these gaps. Carriers such as Allianz, AXA XL and Tokio Marine HCC, as well as specialist MGA platforms, offer product recall solutions that can include contamination, government recall orders and certain non-injury triggers, depending on policy wording.
A combination of faster repair and payment cycle times, along with enhanced digital capabilities, has helped drive significant improvements in the overall customer experience with the property claims process in the United States. JD Power reported those findings while announcing results of its 2026 U.S. Property Claims Satisfaction Study. The annual survey found those improvements offset the negative effects of higher prices. A decline in large-scale weather events, a relatively calm hurricane season and a reduction in non-catastrophic claims volumes also brought some stability to the claims process, the global data analytics and consumer intelligence company said in a press…
A corrections officer at the Rikers Island jail complex pled guilty yesterday to receiving more than $370,000 in workers’ compensation benefits based on fake injury claims, according to federal prosecutors. U.S. Attorney for the Southern District of New York Jay Clayton reported that Todd Faustin faked injuries after incidents where force was used against an inmate. He was arrested and charge last May. Officials said Faustin, of New York, pled guilty to one count of making false statements related to health care matters, which carries a maximum sentence of five years in prison. For years, Faustin was employed by the…
Despite losses from natural disasters, the name behind HDI and Hannover Re exceeds expectations
In January, when President Donald Trump unveiled his one-page outline to address health care spending, dubbed “The Great Healthcare Plan,” he specifically mentioned the Affordable Care Act’s role in driving up costs. “I call it the unaffordable care act,” he said. He reprised the line in his 2026 State of the Union address, blaming “the crushing cost of health care” on Obamacare. Trump’s words also play off an ongoing congressional debate that began late last year with the expiration of the enhanced tax subsidies that had lowered the cost of ACA insurance for millions of Americans — and thrust the…
Jennifer Dantona joined Alliant Insurance Services as senior vice president with Alliant Private Client. Dantona is based in Irvine, California. She has more than 20 years of experience supporting personal insurance portfolios, including many individuals and families in the entertainment sector. Dantona frequently supports affluent clientele with national and global exposures. She will focus on expanding Alliant private client’s presence while working with ultra-high-net-worth clients on coverage strategies that address complex personal risks. Topics Alliant Was this article valuable? Yes No Here are more articles you may enjoy. The most important insurance news,in your inbox every business day. Get the…
Greek shipowners and other companies are scanning their computer systems for evidence of cyberattacks after advice from the National Cybersecurity Authority, two sources said on Wednesday following incidents that have been linked to the Iran war. The authority last week sent an advisory, seen by Reuters, to security officers of shipping companies, banks and firms in the transport, telecommunications, health and energy sectors, a source at the authority said, adding that the move was pre-emptive. An Iranian-linked hacking group claimed responsibility on March 11 for a cyberattack on U.S.-based medical device and services provider Stryker, according to messages posted to…