Private Coverage Despite high rates of employment, noncitizen immigrants have limited access to employer-sponsored coverage. Although most noncitizen immigrant adults report being employed, they are significantly more likely than citizens to report being lower income (household income less than $40,000) (Figure 5). This pattern reflects disproportionate employment of noncitizen immigrants in low-wage jobs and industries that are less likely to offer employer-sponsored coverage. Given their lower incomes, noncitizen immigrants also face challenges affording employer-sponsored coverage when it is available or through the individual market. Federally Funded Coverage Some lawfully present immigrants may qualify for Medicaid and the Children’s Health Insurance Program (CHIP) subject…
Author: Awais
The Catholic nonprofit giant’s expenses well outstripped revenue in the most recent financial quarter. Though the outcome was mostly due to one-time items, CommonSpirit also continues to struggle with boosting core operations.
Allstate is now focused on securing a $200 million four year source of Florida catastrophe reinsurance protection with its latest catastrophe bond, as a three year tranche of notes has now been dropped from this Sanders Re III Ltd. (Series 2026-2) issuance, Artemis has been told.US primary insurer Allstate returned to the catastrophe bond market earlier this month, seeking its typical May sponsorship of a cat bond to provide it with multi-peril Florida collateralized reinsurance protection. The offering saw two tranches of notes on offer, one targeting three years of reinsurance, another four years, each with the same risk metrics.…
Introduction One in four children aged 18 and under living in the U.S. has at least one immigrant parent. Policies undertaken by the Trump administration and Congress aimed at restricting access to health coverage and care for immigrants as well as the significant increase in immigration enforcement activities could have significant implications for the health and well-being of these children, the vast majority of whom are citizens. This brief provides key data on socioeconomic characteristics and health coverage among children (aged 18 and under) of immigrants based on KFF analysis of 2024 American Community Survey data. It also examines potential…
The Tenet-owned hospitals want Leapfrog to pay $10.5 million in legal fees after a judge agreed that the nonprofit unfairly deflated their ratings. The penalty would “cast a specter of financial ruin” over the nonprofit, Leapfrog said.
The successful closing of Spinnaker Insurance Company’s second catastrophe bond, the $100 million Mountain Re Ltd. (Series 2026-1) issuance, reflects parent company Hippo Holdings’ ability to return to the capital markets and execute at favourable terms, according to Rick McCathron, President and CEO of Hippo Holdings.Earlier this month, Spinnaker Insurance Company, a wholly owned subsidiary of Hippo Holdings, secured $100 million of US multi-peril collateralized reinsurance from the capital markets through its new Mountain Re Ltd. (Series 2026-1) issuance. As we reported at the time, Spinnaker Insurance managed to successfully price the cat bond notes at the lowest-end of its reduced guidance,…
Starr, the New York City based insurance group, announced the opening of a new office in Hamburg, marking the further expansion of Starr’s presence in Germany and representing an important milestone in the company’s European growth strategy. The new office is located at Neuer Wall 10, right at the heart of Hamburg’s business district. The new location strengthens Starr’s proximity to clients and broker partners across Northern Germany. “The opening of our Hamburg office marks a significant milestone for Starr in Germany,” said Tobias Braun, country manager Germany. “Hamburg is one of the most important business hubs in Germany and…
Winds that drove a fast-moving brush fire across Southern California’s Simi Valley eased overnight, slowing the blaze’s spread, but dangerous conditions persist as hundreds of firefighters tackle the flames. Fire activity decreased significantly overnight due to calmer winds along with higher humidities, according to an update from the California Department of Forestry and Fire Protection, or Cal Fire. There are 750 firefighters working to build containment lines around the blaze, while helicopters drop water on hotspots, it added. Related: 34,000 PG&E Customers Without Power on California Fire Risk Lighter winds are expected on Tuesday, but critical fire conditions are still…
The FBI plans to deploy roughly 60 specially trained state and local police officers across venues for the FIFA World Cup to detect and electronically disable hostile drones as security officials warn that threats once associated with foreign battlefields are increasingly possible inside the US. Training is already underway with less than four weeks until the tournament starts with millions of visitors expected to crisscross 11 US cities. The competition, which starts June 11 and ends in New Jersey on July 19, is also being played in Mexico and Canada. Officers from agencies including state police in New York and…
As of 2024, there were 24 million noncitizen immigrants, including lawfully present and undocumented immigrants, living in the U.S. Noncitizen immigrants, particularly those who are undocumented, face significant barriers to accessing health coverage and care and are significantly more likely than citizens to be uninsured. These higher uninsured rates reflect more limited access to private coverage and eligibility restrictions for federally funded coverage options. Undocumented immigrants are not eligible for federally funded coverage options and lawfully present immigrants face eligibility restrictions for coverage. Under the 2025 reconciliation law there will be increased eligibility restrictions for many lawfully present immigrants for…
American International Group (AIG) announced it has entered into a definitive agreement to acquire Everest Group’s Colombian insurance subsidiary. AIG said the acquisition of Everest Compañía de Seguros Generales Colombia S.A. (Everest Colombia) strengthens its presence in the Latin American region and supports the company’s strategy to drive premium growth. Everest said the transaction builds on its previously announced plan to exit commercial retail insurance — a major part of which was accomplished with the sale in October 2025 of its global Commercial Retail Insurance renewal rights to AIG. In December, AIG announced it received approval to proceed with the…
GRAND JUNCTION, Colo. — Two state transportation workers were replacing a sign on the shoulder of U.S. Highway 6 in western Colorado one morning when a Jeep Grand Cherokee swerved off the road and struck them. The workers, Nathan Jones and Trent Umberger, died in the September 2024 crash, as did a passenger in the Jeep. Tests found that the driver, Patrick Sneddon, then 59, had oxycodone and six times Colorado’s presumed impairment threshold for THC — the psychoactive compound in cannabis — in his blood. He pleaded guilty and is serving 30 years in prison on three counts of…
Anthropic said on Monday it is revising its earlier position to allow users of its Mythos cybersecurity model to share information about cyber threats with others who may be exposed to similar vulnerabilities. Mythos, announced on April 7, is being deployed as part of Anthropic’s “Project Glasswing,” a controlled initiative under which select organizations, including major tech firms such as Amazon, Microsoft, Nvidia and Apple, are permitted to use the unreleased Claude Mythos Preview model for defensive cybersecurity purposes. Mythos’ capabilities to code at a high level have given it a potentially unprecedented ability to identify cybersecurity vulnerabilities and devise…
More than 3 million New York metropolitan-area homes are vulnerable to hurricane winds, the most of any region in the country, according to a report from Cotality, a property analytics firm. Roughly 3.27 million homes in the area face moderate or greater hurricane wind risk, representing nearly $1.93 trillion in reconstruction costs, according to Cotality’s 2026 hurricane risk report. Nearly 20% of those homes are also at risk of storm surge. Houston and Miami rank second and third at risk, according to the number of homes that are exposed to hurricane wind. Those metro areas have about $824 billion and…