SPRINGFIELD, Mass. (WGGB/WSHM) – When natural disasters hit, people’s lives are turned upside down, along with their homes. With the damage from Hurricane Helene, and now Milton, those in impacted areas hope their insurance will be able to fill part of the void they now have to piece together. Western Mass News spoke with John
By Áine Quinn and Alex Longley (Bloomberg) — The cost of insuring vessels that transit Ukraine’s shipping corridor in the Black Sea jumped this week after Russia ramped up attacks on key ports. Coverage has now surged to above 1% of the value of a ship, according to two people involved in the market, who asked
Huntsville Hospital Health System announced Thursday it has sent a notice of termination to UnitedHealthcare. The decision came, according to a statement from the system, after “several months of disappointing negotiations” with the “insurance giant.” “HH Health made the difficult decision to end the participation agreement between the insurer and HH Health member hospitals,” the
MORRISON — A Prophetstown woman has been formally charged with two counts of arson, one count of residential arson and one count of insurance fraud in connection with an April fire that destroyed a Prophetstown residence. Donna M. McKenna, 52, was charged with the felony offenses Wednesday in Whiteside County Circuit Court. According to court
A recent report shows Arizona saw the highest increase in home insurance rates nationwide over the last five years — largely due to increased wildfire risk. Cumulative rates spiked by 61% from 2019 to 2024 in Arizona with an average annual cost of $2,345. However, that’s about 5% lower than the national average of $2,478
Florida’s insurance market has been in turmoil in recent years with many companies dropping the state altogether. Hurricane Milton, which ripped across Florida on Wednesday, likely caused damage to some properties that could also be dealing with damage from Hurricane Helene, which made landfall Sept. 26. Mark Friedlander, spokesman for the Insurance Information Institute, said
DFS issues final circular letter providing guidance on use of Artificial Intelligence in insurance underwriting, pricing In February 2024, we wrote about the New York State Department of Financial Services (DFS) issuing a Proposed Circular Letter regarding the use of artificial intelligence (AI) and external consumer data information sources (ECDIS) in the underwriting and pricing
Area-Based Crop Insurance For Farmers A widely discussed topic in crop insurance is the Enhanced Coverage Option plan. This area-based plan provides an additional layer of protection for farmers. Steve Hashe, veteran crop insurance advisor and owner of Midwest Ag Group, explains how this option can benefit farmers. “With a higher subsidy rate, I think
Sridhar Yerramreddy, Founder and CEO of Steer Health Inc. Across many healthcare organizations, front-office staff face a significant dilemma: patients seeking help only to be told that their health insurance verification and authorization process could take several days or even months. According to a study by the AMA, more than nine in ten physicians recently
After much uncertainty, employees at The Greenbrier Hotel will not see a lapse in their health insurance coverage, according to a statement released by The Greenbrier on Thursday. The health insurance coverage for hundreds of the resort’s employees was initially set to end on Tuesday. When the public auction for The Greenbrier Hotel — which