AGP Executive Report
Last update: 9 hours agoHealth Insurance Price Pressure: Ireland’s private health premiums rose 10.6% last year even as plans cut benefits, with more than 70% of members now on restricted orthopaedic cover that can leave patients facing big out-of-pocket bills. Regulatory & Legal Heat: Arizona AG Kris Mayes sued major health insurers over an alleged price-fixing scheme tied to MultiPlan, claiming insurers used shared payment data to lower reimbursements. Coverage Disputes: An Illinois appeals panel paused an insurer’s fight over whether it must defend a school district in a decades-old sex abuse case, turning on policy-record questions. Public Sector Costs: Kerr County, Texas is weighing how to absorb a 13% jump in employee health insurance premiums as claims outpace paid premiums. Market & Risk Outlook: AM Best kept a stable outlook on the Philippines’ non-life insurers, citing infrastructure growth and reinsurance capacity, while warning volatile weather could hit underwriting results. Insurance & Tech: Cyber insurance claims are often denied, with one recurring trigger being incomplete MFA/2FA implementation. Corporate Deal: DB Insurance completed its $1.65bn all-cash Fortegra acquisition, expanding US warranty and surety lines.
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