The funds would be a fraction of the $11.8 billion in Medicaid funding the state receives from the federal government. The Trump administration said the action was part of a broader crackdown on fraud in federal healthcare programs.
Author: Awais
State Farm reported an underwriting gain of $1.5 billion for its property/casualty businesses in 2025, representing a turnaround from an underwriting loss of more than $6 billion in 2024—and more than $10 billion of underwriting losses in each of the two prior years. While the overall return to profitability prompted State Farm to announce a $5 billion payout of dividends to policyholders, the giant personal lines insurer’s homeowners underwriting results were still written in red ink. Related: State Farm Mutual to Pay $5B Dividend to Auto Insurance Customers State Farm’s auto underwriting results drove the overall improvement. With auto earned…
In 2026, American Integrity Insurance feels that renewed flexibility in the catastrophe bond market and attractive pricing environment is creating good opportunities for the company, with its senior executives citing the ability to attach reinsurance cover lower down and the return of some cascading features.Readers will be aware that American Integrity has been in the catastrophe bond market over the last few weeks, successfully pricing a new new Integrity Re III Ltd. (Series 2026-1) issuance to provide the insurer with $260 million of named storm reinsurance limit. As we’d highlighted in our coverage, the company secured the cat bond issuance…
Last month, Justin and Amy Miller packed their vehicles with three kids, two dogs, a pet bearded dragon, and whatever belongings they could fit, then drove 2,000 miles from Wisconsin to British Columbia to leave President Donald Trump’s America. The Millers resettled on Vancouver Island, their scenic refuge accessible only by ferry or plane. Justin went to work in the emergency room at Nanaimo Regional General Hospital, where he became one of at least 20 U.S.-trained nurses hired since April. Fear of Trump, some of the nurses said, was why they left. “There are so many like-minded people out there,”…
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Fidelis Insurance Holdings Limited has announced plans to rebrand as Pelagos Insurance Capital Limited and begin trading under the ticker PLGO on the New York Stock Exchange in May 2026, subject to regulatory, legal and shareholder approvals, as it looks to build on sharply improved underwriting and profitability metrics.
Lumen Re’s, successful sponsorship of its first Rule 144A catastrophe bond, the $175 million Photon Re Ltd. (Series 2026-1) issuance, represents a natural evolution of the firm’s risk‑transfer strategy, and marks an important strengthening of its overall risk framework, CUO Klaus Sapelza said today.As we’ve been reporting, Lumen Re, the main reinsurance underwriting entity of LGT ILS Partners, successfully priced its debut catastrophe bond issuance earlier this week, with the Photon Re Series 2026-1 cat bond growing from its initial $125 million target of multi-year fully-collateralized retro reinsurance protection, to secure the company with $175 million of protection. This new cat…
February 26, 2026 Independent agents face increasing pressure to not just move faster, quote more, and win more small business accounts but also deliver better service. What actually drives growth in small business insurance today? What the latest Under 10 episode on YouTube: Strong relationships + strategic partner support. In our latest Under 10 episodes, Christine, Director of Account Management and Ashraf, Agency Success Manager, break down why relationships still matter in insurance and how the right partnership helps independent agents close more small business deals, more consistently. Why Do Small Business Owners Still Prefer Independent Agents? Short answer: Insurance is complex, and small business owners want confidence, not just a price. Even with…
The Host After urging Republicans earlier this year to make health care a central issue in their midterm campaigns, President Donald Trump gave the issue only passing mention in his record-long State of the Union address this week. Meanwhile, Trump’s nominee to become U.S. surgeon general, Casey Means, a favorite of the “Make America Healthy Again” movement, got her long-delayed hearing before a Senate committee this week. Means’ nomination has been controversial not only because of her outside-the-mainstream medical views but also because she would be the first surgeon general without an active medical license. This week’s panelists are Julie…
Underwriting pressure, improving combined ratios, and deal-led growth define 2025 performance
The carrier is preparing for infrastructure, manufacturing and emerging sector exposures
Primary care practices participating in alternative payment models categorized as hybrid with no downside risk — option 2 of the NASEM framework — showed significant improvement in all measures of accessibility, comprehensiveness, continuity, and coordination of care.19We had more nuanced findings for models under option 3, involving population-based payments for primary care combined with financial risk. For PCPs in the downside-risk ACO models that relied in part on traditional physician fee schedule payments, we saw significant improvements in measures of access, comprehensiveness, and coordination, as well as the most direct measure of PCP continuity. However, care fragmentation did not significantly…
King Risk Partners, one of the largest U.S. agencies, with offices across the eastern half of the country, has acquired Georgia-based Lewis Insurance, an independent agency that writes personal and commercial coverage around the Southeast. Lewis, founded more than 30 years ago, is owned by Jason Lewis. He said in a statement that the move will expand the agency’s personal and business lines offerings. Lewis has been a licensed agent since 1994 and is appointed with more than two dozen carriers, including Auto-Owners Insurance, Allstate Insurance, Travelers, Progressive and more, National Association of Insurance Commissioners records show. King Risk, headquartered…
The European Union needs to coordinate its plan to impose a full maritime services ban on Russia’s seaborne crude oil exports with other G7 countries before pushing ahead with the measure, the EU’s sanctions envoy said on Thursday. The European Commission proposed a sweeping ban on any services that support Russia’s seaborne crude oil exports on February 6, going far beyond previous piecemeal EU sanctions in its effort to stunt Moscow’s key source of income for its war on Ukraine. “I think the European Union has made clear that for the moment we are applying the oil price cap, which…