The nation’s highest court won’t review rulings that require Louisiana’s property insurer of last resort to pay an estimated $110 million to individuals whose claims were not timely addressed after Hurricanes Katrina and Rita. The June 25 U.S. Supreme Court …
Industry and other reactions to the U.S. Supreme Court decision upholding the Patient Protection and Affordable Care Act have been coming in. Readers are encouraged to offer their own reactions in Comments section. America’s Health Insurance Plans (AHIP) President and …
The U.S Supreme Court today upheld the individual mandate that is the centerpiece of President Obama’s healthcare reform law. The court has upheld most of the Patient Protection and Affordable Care Act but did find the Medicaid expansion provision opposed …
Global insurance prices are set to rise for a third consecutive quarter as the industry strives to bolster its finances after paying near-record catastrophe claims last year, insurance broker Marsh said on Thursday. Average prices in the second quarter of …
A legal dispute between the state and a Christians-only health care plan is continuing to simmer after a decade of legal wrangling that has made it all the way to the Kentucky Supreme Court. The case pits the Kentucky Department …
A.M. Best Co. has commented that the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of MAPFRE PRAICO Insurance Company, its wholly owned subsidiary, MAPFRE Preferred Risk Insurance Company (PRICO), and an affiliate, MAPFRE Pan …
The U.S. Supreme Court is set to deliver on Thursday its ruling on President Barack Obama’s 2010 healthcare overhaul, his signature domestic policy achievement, in a historic case that could hand him a huge triumph or a stinging rebuke just …
Lloyd’s insurer Marketform Managing Agency Ltd announced that Interim CEO John O’Neill has been appointed CEO with immediate effect. Marketform’s Chairman John Mumford noted that the “board, together with its majority shareholders Great American, were greatly encouraged by O’Neill’s leadership …
The Bermuda-based Catlin Group Limited announced that David Huebel will take over as CEO of Catlin Canada, effective July 3. Catlin Canada is the Group’s Canadian underwriting hub, headquartered in Toronto with offices in Calgary, Montreal and Vancouver. Catlin Canada’s …
The U.S. Supreme Court’s ruling on President Barack Obama’s 2010 healthcare law, expected on Thursday, may have wide-ranging political and economic implications. Here is a look at possible scenarios for Americans, healthcare providers, insurers, the law and the presidential campaign. …
