Business insurance is growing for added tax and litigation protection

Business insurance growth

Rising risks are driving companies to purchase more coverage against potential financial losses. For the last year, business insurance coverage for tax and litigation have been sharply on the rise and experts are predicting that this trend will only continue in the same direction. As companies increasingly learn of these benefits, they are pushing their coverage to higher levels. Mergers and acquisitions as well as other commercial deal structures have been transformed by the addition of these forms of business insurance during the last couple of decades. They have provided…

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Cigna insurance company ends its Humana acquisition intentions

Insurance Company - Acquisition Cancelled

The insurer is now developing a $10 billion share buyback plan after a failure to agree on a price. Health insurance company Cigna has ceased its pursuit of a negotiation for acquisition of its rival insurer Humana. The company left its efforts when the two insurers were unable to agree on price. Cigna announced that it is working on plans for buying back $10 billion worth of shares. The health insurance company resulting from an acquisition of Humana by Cigna would have resulted in an insurer with an estimated value…

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Crop insurance claims provide little help to some Maine apple growers

Crop insurance - Person Collecting Apples from Tree

As the harvest season comes to a close, growers have been hit by a massive 50 percent loss. Right after the end of the harvest season, Maine apple growers started filing their crop insurance claims to help cover the losses they experienced during this difficult growing year. Adjusters from their insurers have been visiting the orchards to verify that the facts are as reported. The issue leading to the crop insurance claims occurred back in late May when a snap freeze annihilated the apple blossoms on trees that were just…

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Is Florida also headed toward an auto insurance crisis?

Auto insurance - Crisis coming to Florida

The state is already teetering on the edge in its property coverage sector, but are vehicles next? Florida has long contended with challenges in its auto insurance industry due to the way the laws in the state open the door to fraud and widespread litigation, both of which are highly costly to insurers and, therefore, to drivers who must pay higher premiums every month. Among the issues driving this problem include the activities of certain glass repair shops and lawyers. A recent The Washington Post report has pointed to a…

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Many lapsed Medicaid recipients will enroll in ACA health insurance plans

Health insurance - Affordable Care Act Form

Experts and insurers have predicted that after losing old coverage, there will be an influx of policy shopping. Health insurance companies and advisors alike are preparing for a notable surge of consumers looking for assistance in navigating Affordable Care Act enrollment after having lost Medicaid coverage in 2023. As of April, this year, the extensions for coverage that were put into place during the pandemic ended. Beginning April 1, 2023, the Medicaid and Children’s Health Insurance Program (CHIP) coverage extensions that were put into place throughout the worst of the…

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