Group health coverage also remains a significant expense for employers. Data from the Kaiser Family Foundation puts the average annual cost for individual coverage at $8,435, and family coverage at $23,968. Spending growth by private insurers per enrollee is outpacing that of Medicare and Medicaid, with employers bearing a larger share of rising costs than employees.
The bill includes further clarification on renewal procedures. Currently, only those aged 55 and older may retake the course every three years to maintain eligibility. Under HF3290, that limitation would be removed, allowing more drivers to refresh their eligibility regardless of age. Drivers who have not claimed the discount in over three years could also…
Running a business comes with risk—and business insurance is one of the best ways to protect everything you’ve built. But when it comes to budgeting for coverage, many owners find themselves asking the same question: How much does business insurance cost? The answer? It depends. From the size of your business to the safety measures…
“We envision a future, not a distant one, where many of our colleagues are AIs. Imagine an actuary who can join a Zoom call anytime, 24/7, with access to all of Lemonade’s historical and real-time data,” he told the audience of insurtech and insurance leaders in London. Source link
The plaintiff, William Young, who represented himself, alleged that State Farm submitted a false accident report to the National Accident Reporting Agency, operated by LexisNexis, in connection with an incident that occurred on or about January 5, 2023, in a CVS parking lot in Largo, Maryland. At the time, Young was insured by Progressive, not…
Rita Carr (pictured above, left) joins the Indianapolis office as senior underwriting team leader, bringing over 30 years of expertise. Glenn Willis (pictured above, center) has been named underwriting team leader in Dallas, drawing on more than 17 years of experience including brokerage roles focused on tailored solutions across diverse lines. Meanwhile, Nick Sans also…
