News
Key Facts About the Uninsured Population - Program Business | Where insurance industry clicks
3+ hour, 58+ min ago (374+ words) Recent data from KFF shows that health coverage levels in the United States remained relatively stable in 2023, even as pandemic-era policies began to phase out. Among individuals ages 0 to 64, 25. 3 million were uninsured, representing a 9. 5% uninsured rate. Both figures remained largely…...
Florida Class Action Alleges GEICO Added Unverified Drivers to Policies, Raising Premiums - Program Business | Where insurance industry clicks
1+ mon, 1+ week ago (303+ words) A Florida policyholder has filed a proposed class action lawsuit against GEICO, alleging the insurer added strangers to her auto insurance policy, resulting in higher premiums. According to the complaint, GEICO uses third-party data sources to identify licensed or permitted…...
Oklahoma Senate Panel Advances Bill Barring Use of Credit Information in Insurance Rates - Program Business | Where insurance industry clicks
2+ mon, 4+ day ago (448+ words) The Senate Business and Insurance Committee on Thursday approved Senate Bill 1435 by a 5-3 vote. Senate Minority Leader Julia Kirt, D-Oklahoma City, authored the measure. The bill would bar insurance companies from considering credit information when setting rates. Credit history currently…...
Liability Claims Surge as Non-Economic Inflation Drives Nuclear Verdicts, Swiss Re Warns - Program Business | Where insurance industry clicks
2+ mon, 3+ week ago (180+ words) Analysis from Swiss Re Institute shows that non-economic inflation now accounts for roughly 60% of U. S. liability claims growth. Unlike traditional drivers such as wage or price inflation, this increase stems from legal system dynamics. As a result, historical loss patterns no…...
New Jersey Comptroller Flags Alleged Conflicts in Public Insurance Funds - Program Business | Where insurance industry clicks
6+ mon, 4+ week ago (564+ words) Acting New Jersey State Comptroller Kevin Walsh has released a report detailing alleged violations in the operation of several public joint insurance funds. The findings point to potential conflicts of interest, procurement irregularities, and concerns over undisclosed relationships between key…...