Barbara Tuszynski was concerned about her vision but confident in her insurance coverage when she went to an eye clinic last May. The retiree, 70, was diagnosed with glaucoma in her right eye in 2019. She had a laser procedure to treat it in 2022, and she uses medicated drops in both eyes to prevent more damage. She is supposed to be checked regularly, she said. During the May appointment, Tuszynski’s optometrist examined her eyes and reassured her that the glaucoma had not worsened. Tuszynski, who lives in central Wisconsin, had looked up beforehand whether the clinic in nearby Madison…
Author: Awais
The federal investigation into the crash of a private jet that killed six people at Bangor International Airport has been hampered by extreme weather, the airport’s director said Wednesday, including deep snow that has blanketed the scene and covered the burned wreckage. The National Transportation Safety Board and Federal Aviation Administration joined state and local authorities at the scene, and recovered the cockpit voice and data recorders for analysis. The state medical examiner’s office also was there, to remove the bodies of the victims and formally identify them. The airport will remain closed until at least 9 a.m. Thursday, director…
Brit Group Holdings Ltd. announced the renewal of its cyber consortium — “Brit Cyber Attack Plus” (BCAP) — a cyber product designed to protect clients from a broad range of cyber-related perils, including physical damage. BCAP, led by Brit Syndicate 2987, offers comprehensive cyber coverage to clients on a bespoke basis including cyber-triggered physical damage and business interruption via a single underwriting and claims agreement party. BCAP has the largest amount of cyber capacity available in the market on a primary basis, and is the longest standing physical damage consortium in the London and international markets, Brit said. First created…
Oregon recorded fewer accepted disabling workers’ compensation claims in 2024 even as statewide employment continued to rise, new data from the state’s Department of Consumer and Business Services show. The Oregon Workers’ Compensation Division received 21,749 accepted disabling claims last year, down 1,244 from 2023. Employment grew by 34,800 workers during the same period, keeping the statewide claim rate at 1.1 claims per 100 workers. Fatal claims also fell sharply, from 42 in 2023 to 27 in 2024. Healthcare, government, manufacturing, retail and transportation accounted for the largest share of disabling claims. Sprains, strains and tears made up more than…
Insurers press California on rate adequacy
AXA XL has added new coverages to its pollution and remediation liability insurance for lenders, further protecting them from losses in the event of a loan default. The Protective Environmental Asset Coverage Enhancement (PEACE) endorsement, which can be added to AXA XL’s flagship Pollution and Remediation Legal Liability (PARLL) policy, is specifically designed to provide lenders with an added layer of protection against security risks arising from pollution conditions at a covered location. It pays for a mortgage impairment loss as a result of a pollution condition on, at, under or migrating from a covered location provided that a loan…
Annual volume hits $90.3 billion across stamping office states
Trucordia Appoints Nelson as VP of Public Relations Jason Nelson Trucordia hired Jason Nelson as vice president of public relations, a new role focused on the firm’s PR strategy, media presence, community engagement and brand. Nelson has more than two decades of experience across broadcasting, advertising and publishing. He began his career at the Provo Daily Herald, then moved to KSL—working across KSL Newsradio, KSL TV, and KSL.com. Nelson became a partner in a publishing group and the advertising agency Swell Media, where he worked with Trucordia on several initiatives. Trucordia is headquartered in Lindon, Utah. Hub International Hires Ackerman…
MSP Recovery, a now-famous Miami litigation firm, has won some and lost some in federal and state appeals courts in a decade-long enterprise that has earned it millions of dollars in fees for, essentially, moving funds from auto insurers to Medicare insurance companies. This week, MSP Recovery lost a significant one when Florida’s 3rd District Court of Appeals nixed the class of plaintiffs in a proposed class-action lawsuit against USAA Casualty Insurance Co. “…We reverse the order granting class certification due to MSP’s putative class failing to satisfy the predominance requirement” set by Florida’s rules of civil court procedure, the…
Most carriers today generate leads from a mix of sources: agent driven activity, direct-to-consumer campaigns, affinity partnerships, and embedded insurance programs. Yet as acquisition costs rise and distribution ecosystems grow more complex, an insurance carrier’s competitive advantage is increasingly defined not only by how they access profitable leads, but also by how effectively they convert them. Success depends on managing a lead from first touch through bind with consistency, accuracy, and speed, regardless of its source. As such, seamless, secure lead sharing has quietly become a critical differentiator. Carriers that can intelligently progress leads through their distribution network will inevitably…
Heading into this midterm election year, the cost of health care tops the public’s economic anxieties and more than 4 in 10 voters say the issue will have a major impact on their vote, a new KFF Health Tracking poll finds. Voters, including independents, currently trust Democrats more than Republicans to address the cost of health care and most other health care issues, though neither party has an advantage on addressing the overall cost of living, the poll finds. The poll provides an early look at how the public and voters view health care issues, including costs, following a year…
Integral ILS Ltd., the specialist insurance-linked securities investment manager, has successfully upsized its debut catastrophe bond sponsorship by nearly 38%, to secure $275 million of US named storm retrocession from the Windrose Re Ltd. (Series 2026-1) deal that has now been priced, Artemis can report.It’s a highly successful first visit to the cat bond market for the independent alternative investment manager that focuses on natural catastrophe insurance and reinsurance investments, as Integral ILS both upsized the Windrose Re issuance and secured the retrocessional protection at price levels within and below the initial guidance. Integral ILS becomes the latest specialist insurance-linked…
China is mulling the sale of hundreds of billions of yuan in special government bonds to recapitalize some of its largest insurers, according to people familiar with the matter, strengthening the biggest players in a sector that is under pressure to consolidate. The sale would raise about 200 billion yuan ($29 billion) to help recapitalize the insurers, said one of the people, declining to be identified as the matter is private. The proceeds will be injected into state-controlled firms including China Life Insurance Group Co., the People’s Insurance Co. Group of China Ltd., and China Taiping Insurance Group Co., the…
The UK warned some patients have died of severe inflammation of the pancreas linked to obesity and diabetes drugs such as Eli Lilly & Co.’s Mounjaro and Novo Nordisk A/S’s Wegovy. Though the worst cases of pancreatitis were rare, the UK Medicines and Healthcare products Regulatory Agency said Thursday doctors and patients should know some incidents had been particularly severe, as it strengthened its warning over taking the drugs. The guidance applies to medicines that mimic the GLP-1 gut hormone, like Wegovy, as well as drugs that imitate a second hormone called GIP. Mounjaro falls in this category. Both already…