Approximately 59.7 million women ages 19-64 (60%) received their health coverage from employer-sponsored insurance in 2024 (Figure 1).2 Women in families with at least one full-time worker are more likely to have job-based coverage (70%) than women in families with only part time workers (33%) or without any workers (16%).3 In 2024, annual insurance premiums for employer sponsored insurance averaged $8,951 for individuals and $25,572 for families. Family premiums have increased 24% between 2019 and 2024. On average, workers paid 16% of premiums for individual coverage ($1,368) and 25% for family coverage ($6,296) with the employers picking up the balance.…
Author: Awais
Texas Gov. Greg Abbott expressed concern last week that a new factory isn’t expected to start breeding sterile New World screwworm flies for more than a year as a big part of the effort to stop its flesh-eating larvae from threatening the $113 U.S. billion cattle industry. Abbott pledged Texas will help the U.S. Department of Agriculture accelerate construction of the $750 million breeding facility outside Edinburg, Texas, about 20 miles (32 kilometers) north of the U.S.-Mexico border. He said Texas is willing to spend its own funds to see that construction is “24 hours a day, seven days a…
NJM Insurance has set its sights on sponsoring its largest catastrophe bond so far, with all tranches of notes now having target sizes that overall seek to secure $250 million of northeast US named storm reinsurance from the capital markets from its new Lower Ferry Re Ltd. (Series 2026-1) issuance, Artemis can report.As we explained, NJM Insurance returned to the catastrophe bond market around the middle of May, looking to sponsor its third cat bond transaction. Across this Lower Ferry Re Ltd. Series 2026-1 cat bond sponsorship, three tranches of notes were offered but at first only two were sized,…
Texas heat can be relentless. For much of the year, farmers and ranchers were preparing for a tough summer of drought. As of Monday, nearly 50% of the state was experiencing some level of drought conditions according to the U.S. Drought Monitor. This time last year, about 36% of the state experienced similar conditions. Areas of Texas have seen several wet days during May. But it likely won’t be enough to change conditions across most of the state, according to an updated federal outlook published May 31. Drought is expected to improve but remain in much of the Panhandle. Drought…
Israel struck the historic port city of Tyre in southern Lebanon on Tuesday, killing at least eight people, in an escalation that adds strain to efforts to broker a peace deal to end the wider Middle East war. On Monday, Israel and Iran said they would halt attacks on each other after an appeal by U.S. President Donald Trump to end their first direct exchanges of fire since April, but Tehran warned it would resume hostilities if Israel continued to attack its ally Hezbollah in Lebanon. Tuesday’s raids were the deadliest on Tyre since fighting erupted in Lebanon in early…
If you or someone you know may be experiencing a mental health crisis, contact the 988 Suicide & Crisis Lifeline by dialing or texting “988.” Nearly every Tuesday for a decade, Steve Siple attended a bar trivia night with friends in Birmingham, Alabama. After moving to North Carolina, he developed a new ritual — joining other Charlotte locals on Saturdays to pick up trash along the city’s light rail. These are more than fun outings to Siple. They help keep him alive. Siple has battled suicidal thoughts in the past. He lost his father to suicide, and one of his…
When USAA announced nearly $4 billion in policyholder dividends in December last year, the military insurer cited its financial discipline and the proactive steps of members to prevent losses among reasons for the payout. This week, USAA announced another forthcoming payout— a $500 million dividend for Florida auto policyholders—this time pointing to tort reform measures in the state as a driving force making the distribution possible. According to a company media statement, the dividend is set to be doled out to roughly 830,000 members who held USAA auto policies in Florida between 2023 and 2025. Beginning June 15, eligible current…
A U.S. judge vacated a Trump administration policy implemented last year that made it harder for wind and solar energy projects to claim federal tax subsidies, according to court documents. The decision is the latest legal blow to U.S. President Donald Trump’s wide-ranging efforts to slow development of clean energy technologies, which he has said are unreliable and unfairly subsidized. In a ruling on Saturday, Judge Colleen Kollar-Kotelly of U.S. District Court for the District of Columbia said the Treasury Department’s Internal Revenue Service had failed to give an adequate reason for eliminating a longstanding definition for what it means…
India’s ship safety certifier is taking a tougher stance on vessels involved in evading international trade sanctions, by canceling the certification of more than 200 tankers and other ships since 2023, the head of the agency told Reuters. The Indian Register of Shipping (IRClass) is among the world’s leading ship certifiers and removal from its list is likely to complicate a vessel’s ability to secure insurance and potentially access ports. Since 2023, Mumbai-based IRClass has de-classed 235 ships from its registry, mainly oil tankers and also a few gas carriers, the non-profit organization’s Executive Chairman Arun Sharma said. He said…
The state said it intends to divvy out new contracts, which represent tens of billions of dollars in revenue for each awardee, to six insurers. Winners are mostly incumbents, except for Humana.
The Trump Administration continues its focus on rooting out fraud, waste, and abuse in federal programs, including Medicaid. In March 2026, President Trump issued an Executive Order establishing the Task Force to Eliminate Fraud, chaired by Vice President J.D. Vance. In May 2026, the Centers for Medicare and Medicaid Services (CMS) announced a six-month nationwide moratoria (or pause) on the enrollment of new Medicare hospice and home health agency providers. The Department of Health and Human Services (HHS) has also taken nationwide and state-specific action in the Medicaid program, including: CMS state-specific financial action and inquiries: In early 2026, CMS used multiple procedures…
Pacific Gas and Electric Co. may cut power in parts of eight counties in California this week due to risks that its equipment could cause wildfires. The utility on Monday warned that some parts of Colusa, Glenn, Lake, Napa, Sonoma, Sutter, Tehama and Yolo counties could be impacted by a power shutoff. The warning is in effect from Wednesday through Friday. Related: 34,000 PG&E Customers Without Power on California Fire Risk PG&E said the potential shutoffs are tied to an offshore wind event expected to develop Wednesday and continue into Thursday morning, the Associated Press is reporting. “North-northeast winds could…
Welcome to Artemis’ 2026 Bermuda ILS Executive Roundtable, during which leaders and experts from across the insurance-linked securities sector discussed the momentum being seen in catastrophe bonds and ILS this year, as well as the continued importance of Bermuda’s role in the market.In partnership with Appleby and Moody’s, the Artemis Bermuda ILS Executive Roundtable 2026 report is now available to download for free. Artemis held its seventh Bermuda insurance-linked securities (ILS) executive roundtable in Hamilton in April, bringing together leaders from across the expanding sector to discuss current market trends and future opportunities. Seven ILS market experts representing different parts…
A London-based global intermediary launched last December by AmTrust Financial and Blackstone Credit & Insurance has acquired its second workers’ compensation specialist in the U.S. ANV Group Holdings Ltd. announced it has completed the acquisition of Associated Specialty Insurance Agency LLC (ASIA), a wholesale commercial insurance agency and wholesale broker headquartered in Springfield, Pennsylvania. Terms were not disclosed. ASIA is a family-owned business run by Frank Sorochen, Sr. as chief executive officer, and his wife, Bernadette, and sons Frank Jr., Tim and Bob. ASIA has more than 30 years of experience placing workers’ compensation coverage. It serves more than for…