Thank you for your interest in supporting KFF Health News, the nation’s leading nonprofit newsroom focused on health and health policy. We distribute our journalism for free and without advertising through media partners of all sizes and in communities large and small. We appreciate all forms of engagement from our readers and listeners, and welcome your support. KHN is an editorially independent program of KFF (Kaiser Family Foundation). You can support KHN by making a contribution to KFF, a non-profit charitable organization that is not associated with Kaiser Permanente. Click the button below to go to KFF’s donation page which…
Author: Awais
Swiss Re has reported strong profits and hitting its financial targets for 2025, as well as a relatively stable premium volume for the key January reinsurance renewals. Demonstrating the profitability of the reinsurance business the company will now return more capital to its shareholders, but is a second major player to opt for less retrocession for 2026.The reinsurance giant has reported net income of $2.8 billion and a combined ratio of 79.4% for its property and casualty reinsurance division (P&C Re), while Corporate Solutions delivered net income of $988 million and a combined ratio of 86.5%, and Life & Health…
The program, developed by Liberty’s Lending & Collateral Specialty Group, consolidates lender-placed insurance (LPI), real estate owned (REO) coverage, and collateral protection insurance (CPI) into a single framework. It also includes insurance tracking, compliance oversight, and claims administration.
According to court filings, on July 1, 2022, a worker employed by Perennial was injured when a steel door he was removing collapsed on him, allegedly causing injuries to his lumbar and cervical spine that required two spinal surgeries. The worker sued Gilbane and Highbridge, alleging negligence and violations of New York Labor Law sections 200, 240, and 241(6). Section 240, widely known as the Scaffold Law, imposes absolute liability on property owners and general contractors for gravity-related injuries at construction sites – making even a single incident a potentially high-exposure claim.
Catastrophe data aggregator PERILS has updated its estimate of insurance industry losses for the severe convective storms (SCS) that hit Queensland and New South Wales between November 21st to 27th 2025, lifting the total almost 11% to AU $2.95 billion.PERILS published its initial insurance industry loss estimate for these severe convective storms back in January, putting the total at AU $2.663 billion. With claims having continued to be filed, the total has risen considerably now, increasing roughly 11% to AU $2.95 billion for the second industry loss estimate. PERILS noted that its loss estimate is based on data gathered from…
According to the filing, Atlantic operated at more than 90 multi-disciplinary clinics primarily across Brooklyn, Queens, Bronx, and Manhattan – locations the insurers describe as “No Fault Clinic Mills.” Since June 2022, Atlantic allegedly examined more than 5,500 State Farm insureds and billed for services the insurers say were medically unnecessary, including examinations, trigger point injections, nerve blocks, topical prescription drugs, durable medical equipment and orthotics, and electrodiagnostic testing.
For the full year, Baldwin reported total revenue of $1.5 billion, an 8% increase, with organic revenue growth of 7%. The company recorded a full-year GAAP net loss of $54.2 million, or $0.50 per diluted share, while adjusted net income reached $198.9 million.
Swiss Re’s CEO Andreas Berger said the reinsurance company is focused on amplifying the core of its business to deepen its relevance, citing leverage from alternative capital, a need to reimagine the value-chain, the role of artificial intelligence and the importance of disciplined cycle management at this time.Speaking during a media call today after the global reinsurance giant reported its 2025 results, Andreas Berger discussed some of the priorities for the Swiss Re business in 2026. One of the first areas to be highlighted was the firm’s business unit that focuses on third-party reinsurance capital management and insurance-linked securities (ILS)…
A federal appeals court has overturned a judge’s finding that BNSF Railway contributed to the deaths of two people in a Montana mining town where thousands have been sickened by asbestos exposure. Following a civil trial, a jury in 2024 awarded $4 million each to the estates of the two people who died in 2020. Their families blamed the railroad for allowing asbestos-contaminated mining material to accumulate in a rail yard in downtown Libby, Montana. But the 9th U.S. Circuit Court of Appeals in an opinion issued Tuesday sided with BNSF, which argued it was required under law to accept…
Firefighters in Massachusetts were investigating an explosion Wednesday that left a house engulfed in flames and at least two people injured, authorities said. Emergency workers responded to the fire at the three-family home about 9:50 a.m., fire officials said. Two injured residents, a 25-year-old mother with severe burns and a 2-year-old child with serious injuries, were transported to hospitals, officials said. “The situation is now under control, but this was a very serious incident,” fire Chief Steven Lavigne said. “The weather conditions present unique challenges, but we plan for these situations.” The home was a total loss and eight residents…
Specialty Program Group LLC has acquired Proper Insurance headquartered in Bozeman, Montana. As part of the transaction, Michael Grimland has been named president of Proper. Grimland will lead the business and oversee day-to-day operations, underwriting strategy and continued development of the platform. Grimland has been with Proper Insurance since 2017 and previously served as director of operations. Proper provides insurance coverage for short-term rental properties, including homes owned by individual hosts and professionally managed portfolios, as well as those listed on platforms such as Airbnb and Vrbo. Its program is supported by insurance markets, including Lloyd’s of London and Concert…
The payout, covering more than 49 million insured vehicles, is expected to average approximately $100 per vehicle, though final amounts will vary by state and premium level. It comes on top of rate reductions in 40 states amounting to roughly $4.6 billion annually in lower premiums, bringing total relief flowing back to policyholders close to $10 billion.
Federal workplace safety regulators penalized three businesses over their failure to protect six Colorado dairy workers who were killed by exposure to highly toxic hydrogen sulfide gas after a manure pipe disconnected in an enclosed space. The U.S. Occupational Safety and Health Administration announced proposed fines totaling $246,609 against the dairy owner and two contractors working on a manure management system. The deaths of five men and a teenager on Aug. 20, 2025, shocked the rural communities in and around Keenesburg, 35 miles (55 kilometers) northeast of Denver. Dairy owner Prospect Ranch LLC, which did not immediately respond to a…
Crews in South Florida were trying to contain a wildfire in Big Cypress National Preserve that had burned more than 25,000 acres (100 square kilometers) near the immigration detention facility known as ” Alligator Alcatraz ” as of Wednesday. The fire caused periodic lane closures due to smoke and poor visibility on the stretch of Interstate 75 known as Alligator Alley, which connects Florida’s east and west coasts and runs through the vast Everglades wetlands. Wildfires are common the dry winter season. However, the wildfire posed no threat Wednesday to the state-run “Alligator Alcatraz” immigration jail, said Stephanie Hartman, director…