U.S. workers’ compensation net written premium decreased 0.2% in 2025, according to the National Council on Compensation Insurance (NCCI). NCCI reported that while the calendar year 2025 combined ratio for workers’ compensation is 91 (compared with 86 the prior year), the workers’ comp accident year 2025 combined ratio is 102 with prior years continuing to experience downward reserve development. The annual State of the Line Report analyzed U.S. private workers’ comp carrier data from the 38 states served by NCCI. NCCI said that it’s the 12th consecutive year where the workers’ comp calendar year measured below 100, an indication of…
Author: Awais
Ohio Attorney General Dave Yost is suing a Brecksville man accused of taking consumers’ money for collectible model trains that he never delivered. The lawsuit, filed in Cuyahoga County Common Pleas Court, alleges that Chase D. Wheeler operated Chase’s Train Garage, an online business that advertised limited-edition model trains for preorder through social media and online marketplaces. “This guy’s sales practices went off the rails,” Yost said. “Cheating customers out of what they pay for isn’t the way business is done in Ohio.” Yost’s lawsuit maintains that Wheeler accepted full payment from consumers for model trains made by the manufacturer…
The Commonwealth Fund is pleased to announce the launch of a major new initiative: State Health Innovation for Transformation Initiative — SHIFT. Centered on listening, engagement, and health care innovation, this multistate initiative aims to build a roadmap for stronger health care systems.SHIFT kicks off with a grant to United States of Care to engage with community members, health care leaders, policymakers, and others to understand the pain points and opportunities for state-level innovation and transformation in Arizona, Georgia, Michigan, Missouri, Pennsylvania, and Texas.SHIFT is one of two new Commonwealth Fund initiatives to build a health care system in which…
California Gov. Gavin Newsom unveiled a revised budget that shows no deficit for this year and next, as the state draws another boost from the technology and artificial-intelligence boom. The budget proposal released Thursday shows revenues that are $16.5 billion higher than projections. That improvement gives Newsom, a Democrat, more room to protect programs popular with the party’s voters as he prepares to leave office after the next election, as a potential contender for the presidency in 2028. But the surge in revenue doesn’t erase California’s longer-term financial problems, leaving the next governor to manage a budget that remains vulnerable…
The effort, part of the agency’s ambitious Health Tech Ecosystem, aims to accelerate the industry’s progress before requirements on electronic prior authorization go into effect next year.
As Premier Group Insurance (PGI) surpasses the $1 billion written premium milestone, the organization is making a clear and deliberate statement about its future. Alongside this achievement, Denver, Colorado-based PGI is unveiling a two-year leadership transition plan designed to position the company for its next phase of growth—and the next billion. Founder and CEO Youngdon Yun has announced a structured evolution of the leadership team, with defined roles and responsibilities that reinforce long-term continuity and organizational perpetuation. The transition reflects a forward-looking strategy, signaling not only where PGI is headed, but who will lead it there. Matt Genova, Rex Hickling,…
Todd Boehly and dozens of his associates contributed more than $300,000 to the Kansas insurance commissioner’s gubernatorial campaign, weeks before her office helped one of the billionaire’s companies win a delay of new capital rules. A slew of Boehly’s companies, including Topeka-based Security Benefit Life Insurance Co., donated en masse in late December, joined by executives and their spouses and other relatives, Kansas records show. Commissioner Vicki Schmidt is in charge of regulating Kansas insurance companies and is seeking the Republican nomination for governor. At the time, a working group at the National Association of Insurance Commissioners was considering a…
Howden announced it has acquired the intellectual property assets of Cybeta, a leading cyber data and analytics provider. The acquisition enables Howden to provide clients with faster, more precise insight into cyber risk, supporting better underwriting, placement, and claims outcomes. Fishers, Indiana-based Cybeta was founded in 2019 by a team of data science experts with experience in the U.S. Department of Defense (DoD) and intelligence communities to help businesses predict and prevent cyber attacks. In addition to the acquisition, former members of Cybeta’s team also join Howden, bringing expertise in proactive, expert-driven cyber threat intelligence and predictive analytics to identify,…
Hamilton Insurance Group, Ltd., a Bermuda based specialty insurance and reinsurance company, has reported higher third-party capital fee income generated by activities under its Ada Capital Management unit in the first-quarter of 2026, while the income may continued to rise this year thanks to the recent casualty sidecar launch from the firm.Hamilton has been earning fee income through its Ada Capital Management third-party capital platform and its Ada Re collateralized reinsurance and retrocession underwriting vehicle for a number of years, but with a new sidecar arrangement announced we suspect the run-rate may continue to rise. Ada Re is a Bermuda…
John Montague joined Alliant Insurance Services as vice president within its employee benefits group. Based in Minneapolis, Minnesota, Montague has more than 30 years of industry experience spanning the provider, payer, and patient landscapes with a focus on the delivery of technology-enabled healthcare solutions that improve system performance and client outcomes. Montague also has leadership experience in population health, software development, and systems integration, providing him with a comprehensive perspective on the evolving healthcare ecosystem. Topics Alliant Was this article valuable? Yes No Here are more articles you may enjoy. The most important insurance news,in your inbox every business day.…
It’s becoming clearer by the day that Brightline, the struggling Florida private railroad, is shaping up to rank among the biggest municipal-bond restructurings ever, alongside the likes of Puerto Rico and Detroit. But that’s where any clarity around the future of billionaire Wes Edens’ $6 billion passion project ends. The Fortress Investment Group-backed railroad’s complex debt structure — a mix of municipal and corporate notes issued by four subsidiaries — is among the biggest challenges, as are the pack of firms jockeying for position in any workout scenario. Invesco Ltd. and Nuveen LLC, giants in the world of tax-exempt securities,…
Several states have joined President Donald Trump’s deportation efforts and are taking federal reporting requirements to immigration authorities a step further — by using their public health agencies as arms of enforcement. North Carolina, in late April, became the latest member of a growing group of Republican-led states to require their public health agencies to flag recipients of Medicaid to the U.S. Department of Homeland Security if their legal status is in question. It’s a trend health policy researchers expect to spread among GOP-controlled states eager to join Trump in the federal crackdown on Medicaid fraud and illegal immigration. Already,…
Richard Alexander Murdaugh, the disbarred South Carolina attorney found guilty in 2023 of murdering his wife and son, won his bid Wednesday to overturn his conviction and get a new trial over comments the county clerk made to jurors. The Colleton County clerk “egregiously attacked Murdaugh’s credibility and his defense, thus triggering the presumption of prejudice, which the State was unable to rebut,” the South Carolina Supreme Court said in a per curiam opinion. “Our justice system provides—indeed demands—that every person is entitled to a fair trial, which includes an impartial jury untainted by external forces bent on influencing the…
Brookfield Corp. is merging its shares with those of its insurance business as the firm pushes ahead with plans to transform itself into an investment-led insurer. The merger of the parent company and the insurance business will improve Brookfield Corp.’s overall capital structure and give it access to the combined group’s asset base to pursue growth, Chief Executive Officer Bruce Flatt said in a letter accompanying its first-quarter earnings statement on Thursday. The asset manager’s distributable earnings before realizations rose to $1.4 billion in the first quarter, a 7% increase from the prior year, according to the statement. Profits from…