(CNN) – Open enrollment is back – a time when people can enroll, renew or change health care plans for the upcoming year – but no matter whether you choose a health care plan through your employer or the Affordable Care Act, most will suffer sticker shock. “The total health cost of health benefits is
What Are Deferred Acquisition Costs (DAC)? Deferred acquisition costs (DAC) is an accounting method that is applicable in the insurance industry. The DAC method lets companies spread out the costs of getting a new customer over the insurance contract term. Deferred acquisition costs (DAC) are the costs an insurance company spends to sell a policy, such
Captive Insurance Company Definition A captive insurance company is a wholly owned subsidiary insurer formed to provide risk mitigation services for its parent company or related entities. Companies form “captives” for various reasons, such as when: The parent company can’t find suitable external insurance. The premiums paid to the captive insurer create tax savings. The
Chloe Chalakani is an entrepreneur who runs a handmade pasta business with her partner in coastal Maine. The government shutdown fight affects how much she’ll pay for health insurance next year. Selena Simmons-Duffin/NPR hide caption toggle caption Selena Simmons-Duffin/NPR Chloe Chalakani has a lot at stake in the health care fight at the heart of
What Is a Mutual Insurance Company? A mutual insurance company is owned by its policy owners instead of shareholders. It provides safe, stable, and diverse investments that grow over time. This gives the company long-term stability so members can trust it will be around when they need it. Mutual insurance companies aren’t publicly traded, so
Winter travel brings its own unique challenges. Here’s what you need to know. getty When Erik Wright booked a trip to Europe last Christmas, he decided to add a travel insurance policy to his purchase. He’s glad he did. Winter storms delayed his departure by two days, forcing him to change hotels and cancel nonrefundable
Insurance providers use their expertise in risk assessment to help protect assets while offering consumers peace of mind through comprehensive coverage options. Still, investors are uneasy as insurers face challenges from catastrophic events and potential regulatory changes. These doubts have certainly contributed to insurance stocks’ recent underperformance – over the past six months, the industry’s
As communities worldwide face the consequences of rising global temperatures, insurance claims for damage in supercharged storms are increasing. In an article, The New Republic reported on how underwriters in Florida were making a profit while denying customers’ claims. What’s happening? Suzi Bahan owned and operated a small tiki bar in a Fort Myers Beach
This story was originally published on HR Dive. To receive daily news and insights, subscribe to our free daily HR Dive newsletter. Dive Brief: Family premiums for employer-sponsored health insurance are up 6%, or $1,408, compared to last year, according to KFF’s 2025 Employer Health Benefits Survey. That’s in keeping with the 7% increases recorded
With the federal shutdown entering its fourth week, spurred by a stalemate over the cost of health insurance for 22 million Americans on Affordable Care Act plans, a new report shows that over 154 million people with coverage through an employer also face steep price hikes — and that the situation is likely to get