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Centene reports 28% increase in first-quarter earnings
[ad_1] In April, Centene’s subsidiary, SilverSummit Healthplan was selected by the Nevada Department of Health and Human Services to continue providing Medicaid services, including the expansion of Medicaid Managed Care into rural and frontier areas. The contract, set to begin in January 2026, has a five-year term, with an option for a two-year extension. [ad_2]…

Court orders Great American to cover $50 million Cobblestone claim
[ad_1] Cobblestone Lofts, facing significant liability, sought a declaration that Great American was required to provide coverage under its policy. Great American denied the claim, issuing a “direct, definitive notice” that stated “a breach of contract is not an accident and, therefore, does not constitute an ‘occurrence’ under the Primary Policy or Umbrella Policy,” and…

Policyholders sue Penn Mutual Life Insurance
[ad_1] The lawsuit claims Penn Mutual agents promoted “tax-advantage strategies” tied to life insurance and related products, which were ultimately “shams” with benefits described as “illusory and/or illegal.” Policyholders allegedly suffered financial losses through premium payments, loan interest, and other costs, while agents profited from commissions, bonuses, and fees. [ad_2] Source link

Leaders Life Insurance joins Truss Peak
[ad_1] Truss Peak specializes in reinsurance and acquisitions within the life insurance sector. The firm provides services such as asset management, operations, actuarial consulting, sales, and accounting to companies undergoing structural transitions. It is backed by South Summit Capital Management LLC, a private capital single-family office, and Thayer Street Partners, a New York-based investment firm. …

Alabama Legislature targets coastal commercial insurance stability with adoption of HJR220
[ad_1] On April 24, 2025, the Alabama Legislature formally adopted House Joint Resolution 220 (HJR220), emphasizing the critical need to address the growing instability and affordability challenges in commercial property insurance along Alabama’s coastal regions. Initially introduced on April 8, 2025, the resolution acknowledges the significant economic impact of coastal areas, including over $10 billion…

Amwins unveils new excess casualty program
[ad_1] Exclusively available through Amwins brokers, the program offers follow-form excess liability on a quota-share basis. It is written on A+ rated paper and structured to address growing demand for flexible, high-limit liability coverage. The offering is available nationwide and targets a wide industry spectrum. [ad_2] Source link