Health insurance company Aetna is suing the state of Kansas after losing its managed care organization contract with KanCare. Aetna Better Health of Kansas filed the lawsuit July 24 in Shawnee County District Court, suing the Kansas Department of Administration, Kansas Department of Health and Environment and Kansas Department for Aging and Disability Services. Aetna’s
A sign marks a CVS branch on May 16, 2023, in Pasadena, Calif. AP photo CVS Health chopped its 2024 forecast for a third time this year and changed the leadership of its health insurance business where it continues to struggle with rising costs. CEO Karen Lynch will lead the insurance
HOLLY, Mich. (WXYZ — A week after Blue Cross Blue Shield insurance coverage changes took effect, patients using weight loss drugs in Michigan are navigating the impact. Twenty-seven-year-old Payton Scott has struggled with polycystic ovary syndrome, or PCOS, for most of her life. After using the drug Metformin and experiencing painful symptoms, Scott and her
EBM Insurance & Risk, an Australian privately owned insurance broker, has announced a strategic partnership with CyberCube, a provider of cyber risk analytics. Through this partnership, EBM will implement CyberCube’s Broking Manager and Prep Module, improving its cyber risk assessment and management capabilities for businesses locally and globally. Founded in Western Australia in 1975, EBM
Patterns of medical billing errors and coverage denials appear to be pervasive among Americans enrolled in health insurance coverage. A new report published by The Commonwealth Fund has revealed that within the last year, 45% of insured adults received a medical bill for a service they believed to be covered by their insurance.1 Even when
Main takeaway: Prudential turned a big corner in the second quarter with robust sales of its FlexGuard flagship annuity boosting revenues. The insurer continued an evolution that began several years ago to remake its product offerings and shift away from market sensitive products. During the first quarter, Prudential cut ties with its money-losing Assurance IQ
Independent specialist re/insurance broker Miller has appointed Edward Cheak as Head of Credit and Political Risk Insurance (Asia). According to the firm, Cheak’s appointment comes as it continues the expansion of its presence and offerings in various Asian markets. Based in Miller’s Singapore office, Cheak begins his new role on 1st August, working closely with
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FORT MYERS, FLORIDA – OCTOBER 2022: A sign is stuck in a pile of home furnishings that reads ‘please … [+] don’t take anything insurance must document you loot I shoot’. ( (Photo by Joe Raedle/Getty Images) Getty Images The economic losses from natural disasters in 2023 were staggering, with only 31% of these losses
The Texas Windstorm Insurance Association will vote on whether to raise the windstorm insurance rate by 10% at a board meeting next Tuesday, Aug. 6, and members of the United Corpus Christi Chamber of Commerce, along with state Rep. Todd Hunter and Coastal Bend school district and economic development officials have come together in opposition.