Live Insurance News

Private health insurance customers get 70% Eli Lilly insulin drug discount

March 7, 2023March 6, 2023 H. Cutner

Private health insurance - Money - medical

The drugmaker will cap the monthly cost of the medication at $35 per month for those policyholders. Pharmaceutical company Eli Lilly & Co. has announced that it will reduce the price tag on its most commonly prescribed insulin products for private health insurance customers. This discount is by 70 percent, with a cap at $35 per month at certain retail pharmacies. The price of the Lispro injection will be discounted to $25 per vial, starting on May 1, 2023. Lilly also announced that it would be reducing the price of…

Is a homeowners insurance crisis heading to California?

March 6, 2023March 2, 2023 Marc

Louisiana and Florida area already scrambling to keep their industries alive, but is California next? As premiums have been rapidly climbing in various parts of the industry in California, experts are starting to wonder if it will be the next state facing a homeowners insurance crisis. State legislators are pushing Commissioner Ricardo Lara to take action to support residents. Condominium policy premiums have been climbing particularly fast in the state. A number of state legislators have written to Insurance Commissioner Ricardo Lara in a push to take action to support…

2023 Global Insurance Symposium Announces Event Headliners

March 3, 2023 PR Article

Des Moines, Iowa, March 3, 2023: International leaders in insurance, technology and government will convene at the 2023 Global Insurance Symposium, to be held in Des Moines, Iowa, on April 18-20. The Symposium’s speakers and panelists will offer industry-shaping insights on new ideas and challenges facing insurance, insurtech and startup companies as well as regulators during this preeminent event. “We are excited to welcome some of the most prominent names and thought leaders within the global insurance industry as headliners at this year’s event,” said Greater Des Moines Partnership President…

Companies are using careful recruitment strategies to fill insurance jobs

March 3, 2023March 3, 2023 G. Turner

Insurance jobs - People holding up letters

Insurers are finding it difficult to hire new talent, with nearly half saying they’re struggling more than ever. Insurance jobs have become increasingly hard to fill in recent years and while a number of industries are finding that the hiring challenges are starting to ease, that is not the case among insurers. In fact, some insurers are claiming that this has become their most challenging recruitment period ever. According to a recent Forbes report, nearly half of insurers have cited greater challenges in filling insurance jobs now than they ever…

Everything you Need to Know About Class Action Settlement

March 2, 2023 Guest Author

A class action settlement occurs when both teams in a class action lawsuit opt to quit litigating the allegations and, instead, solve the suit with a monetary benefit. Remember, a class action settlement is not an admission of guilt. In most instances, the organization facing the lawsuit prefers to settle it than go through an expensive trial. Specific organizations spend many years fighting cases, while others solve the issue immediately to prevent negative press. Below we discuss everything you need to know about class action settlement. Who is Eligible? The…

California considers private health insurance for immigrants

March 2, 2023March 1, 2023 Nordstrom

Health insurance - Immigration - United States

The state has yet to determine if such a strategy can be achieved affordably for the demographic. Though many Californians whose income is too high to be eligible for Medi-Cal can receive subsidized health insurance through Covered California, an estimated 460,000 residents without legal status can’t purchase coverage through the Affordable Care Act’s state-run plans. Some lawmakers are seeking to create a bill to help close that gap for those uninsured Californians. “We’re going to need to figure out how to provide universal coverage for all who call this state…

Ukraine parliament approves $500 million ship insurance fund

March 1, 2023March 1, 2023 Marc

The country has made the move to help ensure that it can export more grain from its ports. As a component of a broader strategy to ensure it can export more of its grain, the Ukrainian parliament has approved a $500 million ship insurance fund to provide coverage for vessels experiencing any damage while at the country’s ports. The country is seeking to renegotiate the Black Sea Grain Initiative terms while Russia’s invasion continues. Ukraine is preparing for the renegotiation of the Black Sea Grain Initiative and have approved a…