On the documentation front, the bulletin reminds insurers that every adjustment for betterment or depreciation needs to be in the claim file – itemized, explained, and fair and reasonable, consistent with 20 CSR 100-1.050(2)(E). That includes the inputs built into the software itself, like weighting and condition settings, which the Department says are needed to audit the vehicle’s value under 20 CSR 100-8.040(3)(B). If an internal review turns up gaps in documentation on total loss claims, insurers are encouraged to notify the Department under section 374.049.9, RSMo.
Author: Awais
Olympus Insurance Company, a Florida homeowners specialist, is now aiming to upsize its debut catastrophe bond sponsorship, with the target size for the Abacab Re Ltd. (Series 2026-1) transaction now updated to between $100 million and $150 million of reinsurance limit, Artemis has learned.Olympus Insurance Company entered the catastrophe bond market for the first time earlier this month, looking to secure a capital markets backed source of multi-year Florida named storm reinsurance protection. Initially, the insurers target was to secure $100 million of reinsurance from its debut cat bond sponsorship. Now, sources have told us that the target size is…
Significant firepower on both sides Tokio Marine, Japan’s oldest insurance company, reported consolidated total assets of ¥31.2 trillion (roughly $205 billion) as of March 2025, with adjusted net income of approximately ¥1.07 trillion for the fiscal year. It operates in around 38 countries.
LISTEN: Your dental insurance might not cover what you expect. Russell Anthony made eight trips to the dentist last year. The 65-year-old retiree in Nashville, Tennessee, hopes to go less often in 2026, but he’s already made a few visits. “I had a root canal just last week that was like $500,” he said. “The week before that, I had a crown that cost me several hundred dollars. And as we speak, I have a broken tooth, and I have to go and see the dentist soon.” In all, Anthony — uncle of HealthQ host Cara Anthony — expects to…
The task force will share resources and coordinate enforcement across the Federal Trade Commission’s disparate bureaus to better address consumer protection and competition issues in healthcare.
Aviation insurers on high alert as cross-border origins, a Port Authority vehicle, and newly revised treaty limits create a complex web of potential claims
A U.S. federal jury found Elon Musk liable on Friday for claims he defrauded Twitter shareholders by trying to drive down the social media company’s stock price so he could renegotiate or back out of a $44 billion takeover in 2022. The verdict from a jury in San Francisco federal court came in a closely watched civil trial where Musk, the world’s richest person, was accused of falsely claiming on social media that Twitter underreported how many fake and spam accounts, known as bots, were on its platform. Damages have yet to be calculated but Francis Bottini, a lawyer for…
Starr, the New York City-based global investment and insurance organization, announced it has completed the acquisition of IQUW Group, which creates a more diversified specialty re/insurance platform with enhanced capabilities across the London market, Bermuda and UK retail motor. Financial details of the deal, which was first announced in October 2025, were not disclosed. With IQUW Group, Starr has strengthened its position in the London market and established its managing agency as the ninth-largest at Lloyd’s. Importantly, Starr said it will continue to operate with a strong emphasis on underwriting expertise and best-in-class broker and client experience and service. Clients…
USAA is adding a retained quota share layer to the stated reinsurance for some of its annual aggregate Residential Re catastrophe bonds for their next loss occurrence period, after an update to the risk model used drove a material increase to the expected loss contribution of the severe thunderstorm peril, Artemis has learned.Each of the outstanding Residential Re catastrophe bonds affected by this change to the stated reinsurance are annual aggregate cat bonds, providing multi-peril coverage to USAA, that were issued in the month of May in 2023, 2024 and 2025. The three in-force cat bond issuances subject to this…
No demand, no encryption – just pure destruction from an Iran-linked group, and a looming coverage fight
Nearly 9.5 million people across the U.S. Southwest face extreme high temperatures, as an ongoing heat wave continues to topple records and raise the risk of wildfires as far away as the Great Plains. Las Vegas reached 96F (36C) Saturday, a record for the date, while the nearby local National Weather Service office hit 97F for the second day in a row, an all-time high for March. Phoenix Sky Harbor International Airport hit 105F for its third day in a row, which also is the highest March temperature recorded there. The heat isn’t stopping. Both Las Vegas and Phoenix will…
More than half of respondents said their healthcare expenses are “a lot higher” this year, according to the KFF survey. One in 10 reported dropping coverage and becoming uninsured.
Martin Smith, director of Latin America at Pro Global, said the hybrid model pairs in-market relationship management teams in the UK, US, and Europe with bilingual specialist teams in Buenos Aires. Client-facing oversight and underwriting decisions stay onshore, while high-volume processing moves to Argentina.
Introduction Managed care is the dominant delivery system for people enrolled in Medicaid. The latest national Medicaid managed care enrollment data (from 2024) show 78% of Medicaid beneficiaries were enrolled in comprehensive managed care organizations (MCOs). While managed care is the dominant Medicaid delivery system, states decide which populations and services to include in managed care arrangements, which leads to considerable variation across states. Additionally, while state requirements for Medicaid managed care plans can be tracked, plans have flexibility in certain areas, including in setting provider payment rates, and plans may choose to offer additional benefits beyond those required by…