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News
Connecticut cuts 2027 health rate hikes, increases still in double digits
10+ hour, 30+ min ago (448+ words) The Connecticut Insurance Department has finalized 2027 rate decisions for fully insured individual and small group health plans, approving an average 11.3% increase in the individual market and 15.1% in the small group market. Both figures came in below what insurers originally requested,…...
Drug-impaired driving puts new pressure on Queensland motor insurers
2+ day, 15+ hour ago (692+ words) A near-seven-percentage-point rise in self-reported drug-impaired driving among young Queenslanders in a single year is creating a claims and coverage problem that flows directly through the state’s motor insurance market – and into the earnings of Australia’s largest insurer. RACQ’s 2026 Annual…...
Digital health AI adoption is outpacing the policies covering it
4+ day, 5+ hour ago (329+ words) Digital health companies are integrating AI faster than the insurance market has worked out how to cover it. Beazley's 2026 Digital Health & Wellness report puts that gap at the centre of its findings. The survey of 600 executives across Europe, North America,…...
Care-First savings bigger than expected, AIRB confirms
4+ day, 9+ hour ago (536+ words) Alberta drivers are projected to save roughly $297 annually, or 13.7%, under the province's incoming Care-First auto insurance system, according to two new reports from the Automobile Insurance Rate Board. That's a meaningfully larger figure than the $259 average savings Oliver Wyman's actuarial…...
Underinsurance often starts with the premium, not the peril
4+ day, 13+ hour ago (572+ words) A softening commercial property market hands clients something they have not had for most of the past decade: room in the insurance budget. What happens to that room at renewal is the decision that gets tested years later, at claim…...
New York cuts insurer rate requests but small-group costs still climb
5+ day, 3+ hour ago (216+ words) New York's health insurers asked for premium increases three to four times higher than what regulators approved, and the gap between the two numbers shows the state's 2027 renewal season. The Department of Financial Services (DFS) authorized average increases of 6% for…...
Most insured Americans doubt coverage would cover a crisis
5+ day, 3+ hour ago (433+ words) Insurance Business Most insured Americans doubt coverage would cover a crisis GoodRx survey finds 56% of insured adults fear they couldn't afford a serious illness or accident More than half of insured Americans fear they could not afford a serious illness…...
Claims oversight now a 'decisive factor' as regulators tighten scrutiny - Sedgwick
5+ day, 4+ hour ago (601+ words) Insurance Business Claims oversight now a 'decisive factor' as regulators tighten scrutiny - Sedgwick The FCA's own review found poor outsourced claims oversight was the most common failing across its sample - Sedgwick's report frames this not as a warning but as…...
Do benefits brokers need a new playbook on employer health costs?
5+ day, 17+ hour ago (983+ words) Employer costs for health benefits in the private sector rose six percent in the 12 months to June 2026, more than double the 3.1 percent growth in wages and salaries over the same period, according to the Bureau of Labor Statistics (BLS) Employment…...
Are HRAs about to cut brokers out of the GLP-1 equation?
5+ day, 20+ hour ago (1231+ words) As employers across the US grapple with exploding pharmacy costs driven to a significant extent by GLP-1 weight-loss drugs, a growing number are turning to health reimbursement arrangements (HRAs) as a cost-containment tool. Chris Byrd, pictured, a benefits industry executive…...