Céline Gounder, KFF Health News’ editor-at-large for public health, discussed the diversion of a Detroit-bound plane to Canada over Ebola concerns on CBS News’ CBS Mornings on May 21. Gounder also discussed how the Democratic Republic of Congo’s Ebola outbreak has been declared a global health emergency on Fox’s LiveNOW on May 18. KFF Health News senior correspondent Renuka Rayasam discussed Georgia’s debate over licensing midwives on WUGA’s The Georgia Health Report on May 15. KFF Health News senior correspondent Angela Hart discussed California Gov. Gavin Newsom’s budget rollbacks on KQED’s Political Breakdown on May 14. KFF Health News California…
Author: Awais
Allstate has now secured its targeted $200 million four year source of Florida catastrophe reinsurance protection with its latest catastrophe bond, pricing the notes from this Sanders Re III Ltd. (Series 2026-2) issuance below guidance, Artemis understands.US primary insurer Allstate returned to the catastrophe bond market earlier this month, aiming to secure a typical May sponsorship of a cat bond to provide it with multi-peril Florida collateralized reinsurance protection. At first, this offering saw two tranches of notes on offer, one targeting three years of reinsurance, another four years, each with the same risk metrics. We explained at the time…
The Massachusetts Property Insurance Underwriting Association (MPIUA) has returned to the catastrophe bond market with an initial target to secure $150 million or more in multi-peril aggregate reinsurance protection through this new Mayflower Re Ltd. (Series 2026-1) issuance, our sources have explained.This new Mayflower Re Series 2026-1 catastrophe bond will become the seventh issuance sponsored by the Massachusetts Property Insurance Underwriting Association (MPIUA), a residual market property insurance association or FAIR Plan for the Commonwealth of Massachusetts. The MPIUA was last in the market in 2025, securing $225 million of reinsurance from the offering. Currently, the residual market insurer has…
Hospitals affiliated with Mount Sinai, the University of Michigan and the University of Kansas allege that CVS artificially deflated reimbursement for 340B drugs for years, causing them to lose out on savings.
President Donald Trump has long bantered about GLP-1s, the breakthrough medicines that have changed care for diabetes and obesity. Sometimes he calls them “the fat drug.” In an interview with the The New York Times in January, he mused that “I probably should” take them. A few days before the Times published that story, Trump invested in Eli Lilly, the nearly $1 trillion drugmaker whose fortunes are closely tied to its blockbuster GLP-1s, Zepbound and Foundayo — and to government reimbursement for the medicines. This week we reported on several Lilly stock purchases made by Trump or his brokers from…
US primary insurer Allstate has begun the new annual aggregate risk period, that its catastrophe bonds and excess of loss reinsurance are subject to, with a reported $870 million of pre-tax catastrophe losses in April 2026.The risk period for Allstate’s annual aggregate catastrophe bonds under its Sanders Re program, which sit in the nationwide aggregate tower, begins on April 1st each year. Currently, Allstate has annual aggregate protection from only one cat bond tranche, the $150 million Class B tranche of notes issued through its Sanders Re III Ltd. (Series 2023-1) catastrophe bond sponsorship. For the new annual risk period,…
The department will use AI to examine audits from states and other federal grant recipients, and potentially withhold funds if they aren’t able to fix errors.
After the two Navy jets collided in midair, the planes sandwiched together, all four crew members were able to eject and deploy their parachutes, floating down to safety as the aircraft careened into a field, exploding into a fireball. The collision happened Sunday during the “Gunfighter Skies” air show at the Mountain Home Air Force Base some 57 miles (92 kilometers) southwest of Boise. Here are some things to know about the crash. Just One Crew Member Was Injured Only one of the four crew members on the two planes was injured and was being treated at a hospital, Cmdr.…
Washington Insurance Commissioner Patty Kuderer has been selected to chair the National Association of Insurance Commissioners’ new Child Care Insurance Working Group. The new working group will explore possible solutions and make recommendations for state insurance regulators to use with the legislature or the childcare agencies in their state. It will also report on federal and state legislation and regulations that reduce childcare claims, specifically those affecting liability damages. The working group, vice-chaired by Commissioner of the New Hampshire Insurance Department D.J. Bettencourt, includes 12 additional members and will meet twice a month. Was this article valuable? Yes No Here…
Reaction to allegations that North Carolina Insurance Commissioner Mike Causey sent suggestive texts to a staff member over several years has been muted. Causey declined to comment to Insurance Journal a day after the Raleigh News & Observer reported that a former Department of Insurance regional office director, April Taylor, had revealed the texts. “We are unable to discuss the article since it relates to a personnel matter of a former employee,” DOI’s deputy director of communications, Barry Smith, said in an email. Causey, 75, told the News & Observer that he did not recall sending inappropriate texts and denied…
Activist investors are pushing technology companies to explain how they’re reconciling surging electricity demand for AI with their climate commitments. Shareholders at Amazon.com Inc. voted on a proposal asking the firm to disclose more information. Voting is open for shareholders at Meta Platforms Inc. and Alphabet Inc. and will conclude later this month and in early June at each company’s annual meeting. Support for such initiatives has declined in recent years amid underwhelming outcomes and a broader political backlash in the US against environmental, social and governance investing. Heavyweight investment firms, including BlackRock Inc., Vanguard Group Inc. and State Street…
Catastrophe bond issuance for the first-half of 2026 is now projected to reach $16.3 billion according to the latest Artemis Deal Directory data, which could rise further as there remain a number of offerings in the market which could upsize, while further new deals could emerge.Catastrophe bond issuance in 2026 has continued to accelerate and the addition of State Farm’s new $1.5 billion of Merna Re Enterprise cat bonds yesterday has given issuance a meaningful boost. As of today, completed and fully settled issuance of 144A catastrophe bonds and the few private cat bond placements we track in our Deal…
The rural health-focused system has struggled to find its footing ever since spinning off from Community Health Systems a decade ago. Now, Quorum is hoping that a pivot to nonprofit status is the answer.
Meta Platforms on May 21 settled the first case set for trial seeking to make social media companies cover the costs that school districts say they have incurred to combat a mental health crisis allegedly fueled by platforms. The agreement fully resolves a lawsuit brought by Breathitt County School District in eastern Kentucky, following earlier settlements by co-defendants Alphabet’s YouTube, Snap and TikTok. The case had been scheduled for a June 15 trial in federal court in Oakland, California. Breathitt is among roughly 1,200 school districts pursuing similar claims. Its case was selected as a bellwether, or test case, for…