Insurer faces pushback over repeat IMEs in worker’s comp case
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A long-running workers’ comp case tests how far insurers can go in compelling medical exams
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Principal Financial’s asset management division remains resilient — report
[ad_1] In its earnings report, Principal’s net income for Q1 2025 was $138.4 million, or $2.65 per diluted share, up from $124.6 million, or $2.38 per diluted share, in the same quarter last year. Net realized capital losses for the period amounted to $115.1 million, a significant increase from $17.9 million in the prior year….
Maryland judge halts key ACA Marketplace rules, leaving insurers in limbo
[ad_1] The rules, finalized in June and set to take effect Aug. 25, included eliminating monthly special enrolment periods for some individuals, tightening income verification, standardizing open enrolment and introducing a $5 monthly premium for people automatically re-enroled in zero-premium plans. They also excluded coverage for sex-trait modification procedures and barred Deferred Action for Childhood…
Top insurers struggle to control costs in Medicare cases – Verisk
[ad_1] Between 2018 and 2024, the average total payment obligation to the claimant (TPOC) increased by 52%, while the consumer price index rose only 25% over the same period. The data indicates that settlement values are outpacing general inflation, and Verisk’s analysis points to several influencing factors. [ad_2] Source link
Federal prosecutors to seek death penalty against Mangione
[ad_1] Mangione, who was arrested in Altoona, Pennsylvania, after a nationwide manhunt, reportedly expressed hostility toward the health insurance sector in a “manifesto” found during his arrest. Among the manifesto’s entries, Mangione stated that “the target is insurance” because it “checks every box,” indicating a clear focus on the industry. [ad_2] Source link
Affiliate oversight ‘failures’ highlight need for structural reform in Florida
[ad_1] The problem, Merlin argued, isn’t the existence of affiliated service providers – it’s the lack of transparency and oversight. “Managing general agents, service companies, reinsurers all have a proper place, and they can be affiliated,” he said. “But that’s why the transactions have to be audited.” [ad_2] Source link
Trust issues stall insurers’ plans for youth, AI growth – GlobalData
[ad_1] “Despite the positive perceptions, insurers face challenges in ensuring consumers adopt AI tools. Many consumers find that the technology is not yet sufficiently developed to be adopted at scale, eroding their trust,” said Beatriz Benito, GlobalData’s lead insurance analyst. [ad_2] Source link