Catch up on the essential news and analysis from the Insurance Day expert Related Stories Topping takes the reins at BP Marsh Daily Digest: SiriusPoint warns on hull, Westfield launches London cyber, Axa XL goes live on placing gateway Westfield Specialty launches London cyber practice
Washington Insurance Commissioner Patty Kuderer ordered Thin Blue Line Benefits to stop selling insurance in Washington after investigators found the company had been operating without the required state license,. The OIC began investigating the Texas-based company in July after receiving a complaint about an unprocessed health-insurance claim. The agency then identified 41 additional complaints from
Washington Commissioner Tells Thin Blue Line to Stop Selling Unlicensed Coverage Read More »
Catch up on the essential news and analysis from the Insurance Day expert Related Stories Daily Digest: More carbon credit capacity needed, Axis leads Longbrook renewables line, US tariffs and the cargo market LMG consults on expanding CDR to claims UK Club and TT Club confirm merger talks
Key Takeaways A prominent strategist contends that the real “poverty line” for a family of four is $140,000, not the official threshold of $32,150. Created in the 1960s, the formula used to calculate the poverty threshold does not accurately reflect the realities of modern household budgets, the strategist says. One analysis contends that a family
Is the Real ‘Poverty Line’ $140,000 a Year? Read More »
The U.S. loses approximately $308.6 billion in insurance fraud, leading to each policyholder paying $900 more through annual premium increases, according to the Coalition Against Insurance Fraud. Scams affecting American policyholders and companies are among the most pervasive financial crimes in the nation. The cost of fraudulent claims hits insurers first, but eventually consumers feel
Consumers Are the Front Line in Fighting Insurance Fraud Read More »
As a US Supreme Court showdown over President Donald Trump’s global tariffs begins, yet another lawsuit contesting his trade policies hit the docket. The timing was unusual, since it’s unlikely a judge would do anything until after the high court rules. But a lawyer in the case said there’s a reason he brought it now,
Tariff-Paying Firms Line Up in Court to Get Paid If Trump Loses Read More »
Mortgage rates tend to move at least a little every day although they haven’t been moving too much in the bigger picture recently. The only truly memorable move int he past few months occurred after the August 1st jobs report. It resulted in a 2-day drop from 6.75% to 6.57%. The next closest contender was
Mortgage Rates Back in Line With Long-Term Lows Read More »