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Mergers and acquisitions in the insurance industry hit a significant low in 2024, marking the lowest activity in 16 years. A recent report from Clyde & Co. highlights that global insurance mergers and acquisitions (M&As) dropped to just 204 completed transactions, down from 346 in the previous year. This decline is largely attributed to a … Read more

California’s Medicaid program, known as Medi-Cal, has borrowed $3.4 billion from the state’s general fund to manage rising healthcare costs for its 15 million low-income and disabled residents. This borrowing comes as the state faces increasing expenses, particularly due to surging prescription drug prices and a rise in enrollment among newly eligible seniors and undocumented … Read more

A tragic helicopter crash in Mississippi claimed the lives of three crew members on Monday. The AirCare helicopter went down in a wooded area near Canton around 12:30 p.m., shortly after reporting a flight control issue. The pilot, Cal Wesolowski, 62, and crew members Jakob Kindt, 37, and Dustin Pope, 35, all died in the … Read more

Three hospitals in New Jersey are facing a challenging situation as their bankruptcy rescue plan is being contested by former owners. These hospitals, which serve a large community in Hudson County, are struggling financially and are at risk of closure. The plan to save CarePoint Health Systems involves a financial agreement with Hudson Regional Hospital. … Read more

Claims from hurricanes surged dramatically in the last quarter of 2024, leading to a significant 36% rise in total claims compared to the previous year. A recent report from Verisk Analytics highlights that claims related to natural disasters more than doubled during this period, with hurricane claims accounting for nearly 9% of the total volume. … Read more

AM Best has announced that it is reviewing the financial ratings of Wolverine Mutual Insurance Company, based in Dowagiac, Michigan, and the outlook is positive. The company currently holds a Financial Strength Rating of C++ (Marginal) and a Long-Term Issuer Credit Rating of "b" (Marginal). These ratings reflect Wolverine’s weak balance sheet strength and limited … Read more

Several buildings at Texas Tech University in Lubbock were evacuated Wednesday night after an explosion in a manhole near a substation caused multiple fires on campus. Flames were seen shooting out of manholes, creating a dramatic scene that prompted emergency officials to respond. The situation began just after 7 p.m. when reports of a gas … Read more

The debate over potential cuts to Medicaid has sparked intense discussions in Congress, with leaders from both parties accusing each other of dishonesty. House Democratic leader Hakeem Jeffries recently claimed that a Republican budget proposal could lead to the largest Medicaid cuts in U.S. history, asserting that Republicans are not being transparent about the consequences … Read more

Spring is almost here, and with it comes warmer weather and the risk of flooding. As winter ends, homeowners and business owners are being urged to think about protecting their properties. Flooding can happen anywhere, even in places that seem safe. In fact, nearly all U.S. counties have seen at least one flood in the … Read more

A new player is entering the stock exchange scene in Texas, aiming to make a significant impact in the booming world of exchange-traded funds (ETFs). The Texas Stock Exchange (TXSE) is gearing up for its launch by bringing in experienced talent from major competitors, signaling its ambitious plans. Recently, the TXSE announced that Robert Marrocco, … Read more