Live Insurance News

$600 Million Settlement in Ohio Train Derailment Shines a Spotlight on Liability Insurance

April 28, 2025April 28, 2025 Ester Adams

The Price of Accountability and Insurance Adjustments When a Norfolk Southern freight train derailed in East Palestine, Ohio, on February 3, 2023, it set off more than environmental and community alarms. Behind the scenes, the insurance world braced for shockwaves. With the derailment spewing hazardous vinyl chloride and a controversial “vent-and-burn” operation intensifying damages, the case has concluded in a staggering $600 million settlement. The aftershocks of this legal outcome, however, are perhaps even more striking in corporate liability insurance circles. The settlement has put Norfolk Southern squarely on the…

Health Insurance in New Mexico Takes a Step Back on Medical Marijuana Coverage Rights

April 28, 2025April 26, 2025 Marc

Federal Judge Ruling on Medical Marijuana Insurance Coverage Debate A landmark ruling has emerged in the ongoing dialogue around medical marijuana, insurance, and federal law. On April 23, 2025, a federal court dismissed a class-action lawsuit that sought to compel insurers in New Mexico to cover medical cannabis as part of behavioral health treatments. The decision, delivered by Judge Martha Vázquez of the U.S. District Court for New Mexico, highlights the deep complexities surrounding the legal status of marijuana and its role in healthcare. Why the Lawsuit Was Filed At…

State Farm Uses Interpleader to Win $800K Life Insurance Fight

April 25, 2025April 25, 2025 H. Cutner

State Farm Wins $800K Life Insurance Dispute, But What Does It Mean for You? How often do you think about your life insurance policy? If the answer is “not much,” you’re not alone. But a recent case involving State Farm and an $800,000 life insurance payout could make you reconsider. The case centered on a legal tug-of-war between a named beneficiary and an estate, and while it might seem like just another courtroom story, it actually offers up some fascinating lessons for insurance companies and policyholders. Here’s what happened and…

New York Makes the Cut as the 15th State to Mandate Biomarker Testing Coverage

April 25, 2025April 24, 2025 H. Cutner

A Shift Toward Precision Medicine New York has joined the growing ranks of states requiring health insurers to cover biomarker testing, becoming the 15th state to recognize the value of precision medicine. While it may sound like something ripped from a science fiction novel, biomarker testing is a very real, highly effective tool in modern healthcare. It allows doctors to analyze a patient’s tissue, saliva, or blood to identify specific biological markers. These markers help guide decisions on treatments tailored to that individual’s illness, whether it’s cancer, rheumatoid arthritis, or…

Insurance Covering Biomarker Testing? Here’s Why New Jersey’s Latest Insurance Law Matters

April 24, 2025 Live Insurance News

Health insurance news Impact on Medicare

Biomarker Testing Coverage Now Mandatory for New Jersey Health Insurers New Jersey patients fighting diseases like cancer just gained a significant ally in their treatment plans. Acting Governor Tahesha Way recently signed legislation requiring state-regulated health insurers and Medicaid to cover biomarker testing, ensuring broader access to this crucial diagnostic tool. This advancement promises to make targeted and personalized medicine a reality for thousands across the state. Biomarker testing, for the uninitiated, involves analyzing biological indicators like genes and proteins to provide insights specific to an individual’s condition. It’s often…

Business Owners, This Is Your Sign to Start Thinking Globally

April 24, 2025April 24, 2025 Angela Linders

Setting Up a Branch in the UK: A Practical Guide Expanding your business to the UK opens a door to one of the world’s most reliable markets. But before you pop the champagne, there’s a minefield of questions to figure out. Among them is ensuring you’ve covered your bases legally and financially, which includes commercial insurance. Whether you’re eyeing London skyscrapers or Manchester startups, setting up branch in UK comes with responsibilities you can’t afford to skip. First Steps to Opening a UK Branch Opening a branch in the UK…

Can Everglades Environmental Restoration Help Lower Rising Insurance Premiums?

April 24, 2025April 24, 2025 H. Cutner

Everglades Restoration Efforts Could Safeguard Florida Keys and Boost the Economy The Everglades, a sprawling subtropical wetland at Florida’s heart, holds far more significance than its postcard-perfect fan boats and alligators might suggest. The push to restore this “River of Grass” isn’t just about keeping the sawgrass healthy; it’s about addressing high stakes for the environment, the Florida Keys, and the broader economy—including its precarious insurance market. Efforts under the Comprehensive Everglades Restoration Plan (CERP) could bring massive economic and ecological benefits. But the path forward is riddled with both…