Twenty states are projected to experience Medicaid budget reductions of 5% or more due to the law’s cuts to the safety-net insurance program, according to the Rand analysis.
Author: Awais
According to the filing, the coverage fight stems from an October 2019 incident at a commercial property at 535 Zerega Avenue in the Bronx, where a mechanic named Manuel Jimenez, employed by Advanced Plumbing Mechanical & Sprinklers Corp., claims he fell from a height and suffered bodily injury. Jimenez sued CJSA Realty LLC and Krispy Kreme Doughnut Corporation, among others, asserting claims under New York Labor Law Sections 240 and 241(6) — statutes that can impose significant liability on property owners and contractors for gravity-related construction site injuries.
A US judge sided with Uber Technologies Inc. in its complaint that American Transit Insurance Co., the largest taxi insurer in New York City, failed to defend the ride-hailing company in crash cases involving its drivers. ATIC breached its duty to defend Uber in 23 lawsuits brought against the rideshare company and its drivers over crashes involving bodily injuries, US District Judge Analisa Torres said in an order Tuesday. ATIC is liable for resulting damages, and is also required to pay for Uber’s legal fees in the lawsuits. ATIC did not immediately respond to a request for comment. The decision…
Medicaid financing is shared by states and the federal government with a guarantee to states for federal matching payments with no pre-set limit. The percentage of costs paid by the federal government (known as the federal medical assistance percentage or “FMAP”) varies across states, for specific services and types of enrollees, and depending on whether the costs are for medical care or program administration. Congress has enacted legislation to temporarily increase federal matching payments during economic downturns and, most recently, during the COVID-19 pandemic, because Medicaid is a counter-cyclical program. During economic downturns, more people become eligible and enroll, but states…
The Andover Companies is aiming to upsize its new catastrophe bond sponsorship, with the revised target now being to secure between $250 million and as much as $300 million of collateralized catastrophe reinsurance from the Locke Tavern Re Ltd. (Series 2026-1) issuance, Artemis can report.The Andover Companies, a large and long-standing mutual insurance group in the Northeast US, sponsored its debut catastrophe bond back in March 2023. That transaction secured the company $175 million of multi-peril catastrophe reinsurance protection from the capital markets, to protect its main underwriting entities and is scheduled to mature at the beginning of April 2026.…
In the final days of 2025, governors around the country trumpeted the hundreds of millions of federal dollars they won from a new, $50 billion rural health fund. But plans to spend those nine-digit awards aren’t all warmly received. At least one group of Republican state lawmakers appears to have scuttled an initiative preapproved by federal officials. And at least one hospital association persuaded its state health leaders to alter who greenlights spending. Other critics are taking a more cautious approach. That’s because the Centers for Medicare & Medicaid Services, which manages the five-year Rural Health Transformation Program, says states…
The operator of a pizza parlor in California must pay back wages following an investigation that showed the business did not pay the required minimum wage and overtime. The U.S. Department of Labor reached a settlement agreement with the operator of a Little Caesars restaurant in Redwood City to pay $409,457 to 32 workers. An investigation reportedly found the employer failed to pay workers the required minimum wage and overtime, in violation of federal wage law. The agreement follows an investigation by the DOL’s Wage and Hour Division that found franchise operator MG Fast Food Inc. violated minimum wage and…
A crew guided a York County barge equipped with a giant sea vacuum across the waters of Wells Harbor last week. One contractor nudged the so-called dredge in a tiny tugboat. Another manned the equipment, which sucked up sand from the seabed. Still more workers maneuvered a more than 2,000-foot tube to Wells Beach. There, the tube deposited great heaps of sand that a crew member in a bulldozer carefully molded with GPS-guided precision, restoring dunes that disastrous winter storms washed out two years ago. The equipment deposited sand right up to the seawalls of some residences. Roughly 7,600 cubic…
Tanner’s car was insured through Esurance Property and Casualty Insurance Company, with a $250,000 limit on personal protection insurance, or PIP, benefits – the coverage that pays for medical expenses under Michigan’s no-fault system. Slade’s father, meanwhile, carried an auto policy through United Services Automobile Association that included unlimited PIP coverage, and Slade was a covered person under that policy because he lived with his parents.
Marine insurers are nonetheless canceling some war-risk policies, with rates in affected areas potentially rising as much as 50%. Mahesh Mistry, senior director at AM Best, noted that Qatar – one of the world’s largest LNG exporters – has shut down production facilities, and that large property risks such as refineries are reinsured internationally, with terms largely driven by foreign-leading reinsurers.
Ryan Specialty Underwriting Managers, the underwriting management division of Ryan Specialty, headquartered in Chicago, Illinois, promoted three members of the Ryan Financial Lines (RFL) executive team. Deborah Egel-Fergus, president of lawyers E&O – Egel-Fergus most recently served as vice president for LawyerGuard, which has now joined RFL. She has over 25 years of leadership experience in the professional liability space. She is replacing Kevin Sullivan, who retired at the end of 2025. Brooke Tanner, chief claims officer for RFL (North America), Global cyber and celerity risk – Tanner first joined RFL (then EmergIn Risk) in 2022. Before joining the Ryan…
States are facing constrained budgets, putting pressure on HIV care and prevention programs, including the Ryan White HIV/AIDS Program. Ryan White, the nation’s HIV safety-net, is funded each year through discretionary federal appropriations, state dollars, and other sources. However, funding does not necessarily match the number of people who need support or the cost of services. The largest component of Ryan White provides grants to states, including for their AIDS Drug Assistance Programs (ADAPs), which provide HIV treatment and insurance assistance for people with HIV. In the past, ADAPs have used waiting lists and other cost-containment measures when programs could…
President Donald Trump says the US will ensure the free flow of energy through the Persian Gulf with insurance guarantees and even naval escorts. But the shipping industry sees it — at best — as only a partial solution to a historic crisis. “While President Trump’s comments about insurance and tanker escorts caused a pullback in oil prices, we question how much planning has been done on the insurance backstop thus far and think there could be a number of challenges in executing this plan quickly,” RBC Capital Markets LLC analysts said in a note. US and Israeli strikes on…
SullivanCurtisMonroe has acquired Stepco Insurance Agency. The Stepco group will join SCM’s Pasadena team. Stepco was founded in 1962 as George Joseph & Associates, dba Mercury Insurance Agency. In 1983, CEO Steve Stepanian took over the agency from his brother-in-law, later passing it to his son Steven, who expanded the firm’s reach into Arizona and Nevada. SCM is a locally managed insurance brokerage firm offering industry-specific coverage services for commercial property/casualty, risk management, surety, employee benefits and personal lines insurance. Based in California, SCM has offices in Orange County, Los Angeles County and Inland Empire. Was this article valuable? Yes…