The US insurance industry faces a compounding crisis: the Bureau of Labor Statistics projects nearly 400,000 workers will leave through attrition by 2026, while claim volumes continue rising and operational complexity deepens. This staffing shortage hits third-party administrators particularly hard, as TPAs depend entirely on adjuster capacity to process claims, coordinate repairs, and manage the full lifecycle from intake to resolution.
Tesla Full Self-Driving just got an insurance offer from Lemonade Co-founder and President Shai Wininger that might be too good to pass up, as he wants to insure vehicles on FSD for "almost free." Traditionally, Tesla vehicles are slightly more expensive to insure with traditional companies because of higher repair costs that stem from their technology and state-of-the-art structural battery design.
BofA Securities is the investment banking and capital markets division of Bank of America, one of the largest financial institutions in the United States. The division provides a comprehensive range of services, including equity and debt underwriting, mergers and acquisitions advisory, sales and trading, research, and capital markets solutions to corporate, institutional, and government clients worldwide. As a major player on Wall Street, Bank of America Securities competes with other bulge-bracket investment banks and maintains a significant market share across various financial services sectors.
If you own a car, there's a good chance it's recording data about you every single time you get behind the wheel - and selling it to companies for their own profit. But what information, exactly, are automakers harvesting about U.S. motorists, and how could it amplify the
This is a financially compelling transaction, funded entirely from our excess capital and available liquidity sources without issuing new equity. By bringing together Inigo's strong performance with our capital strength, we are diversifying beyond our traditional mortgage insurance market and expanding into the large and attractive Lloyd's global specialty market, Rick Thornberry, CEO of Radian, said in a statement.
CVS told KQED that "Our understanding is that the COVID-19 vaccine is covered by most insurance plans at no cost for eligible patients," but that patients should still "check with their insurer to determine whether the updated COVID-19 vaccine is covered by their individual health plan." Blue Shield and United Healthcare did not respond to KQED's request for confirmation that they will indeed cover the shots for eligible patients before the CDC's recommendation is released.
The fix-and-flip market is experiencing a slowdown, affecting both flippers and average home sellers. Data from John Burns Research and Consulting and Kiavi show a decline in sales, which can be attributed to economic uncertainty, higher mortgage rates, and increased material expenses. Flippers in specific regions like Florida and California face challenges due to high costs and competition, affecting their profitability and ability to secure insurance.
The commercial auto insurance industry has long struggled to adapt to the rapidly evolving on-demand economy, leaving millions of rideshare and delivery drivers underserved by traditional providers that weren't designed for their unique needs.
The legislation aims to ensure that people who have survived cancer are not penalised for their past health experiences when trying to buy a home or other financial activities.
