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Health insurers face pressure as medical trends accelerate – AM Best
[ad_1] Affordable Care Act US health insurance plans are required by the Affordable Care Act to provide coverage for 10 “essential health benefits.” These include ambulatory patient services, emergency services, hospitalization, maternity and newborn care, mental health and substance use disorder services, prescription drugs, rehabilitative and habilitative services, laboratory services, preventive and wellness services, and…
Hybrid work, AI, and litigation drive EPL insurance shifts: QBE
[ad_1] QBE’s findings come against a backdrop of persistent employment litigation in the US. According to federal data, thousands of discrimination and retaliation charges are filed annually with the Equal Employment Opportunity Commission, and class-action settlements involving workplace practices regularly result in multimillion-dollar payouts. Industry analysts note that even as reforms in some states aim…
Examining the challenges facing private equity firms with cyber
[ad_1] QBE North America recently released a new whitepaper “Private Equity Firms Enhancing Cyber Resilience of Portfolio Companies,” which explores the cybersecurity risks facing private equity firms and their portfolio companies. The whitepaper provides insights into how private equity firms are assessing the cybersecurity capabilities of portfolio companies and the steps they are taking to…
Insurers spending less on liability claims defense – a recipe for disaster?
[ad_1] This is according to Insurance Business’ recently released insights Data Hub, where the definition of “liability insurance” covers surety, credit, fidelity, and financial guarantee, protection against theft, regular and excess workers’ compensation, medical malpractice, medical professional liability (both claims-made and occurrence-based), product liability (both claims-made and occurrence-based), and other forms of liability insurance structured…
Insurance moves at LexisNexis, NFP, Intact Insurance and others
[ad_1] Bessire, former CTO and chief data officer at Coterie Insurance, will enhance MGT’s AI-driven risk assessment and pricing capabilities. Johnson, with a track record in scaling agency networks, will lead business development efforts to expand MGT’s presence nationwide. [ad_2] Source link
Florida court rules FIGA not liable in late Hurricane Irma insurance claim
[ad_1] The case began after Hurricane Irma struck in 2017, damaging multiple buildings at the Golf Villas II condominium complex, managed by the Condominium Association of Golf Villas II, Inc. The association submitted a property damage claim to its insurer, American Capital Assurance Corporation. But before the claim could be fully resolved, American Capital became…