Category: Insurance Industry News

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Insurance News – Stormy Debate Surrounds Louisiana’s State Reinsurance Proposal

Tate Ellison
Louisiana's Proposed State Reinsurance Program

Industry Pushes Back Against Louisiana’s Proposed State Reinsurance Program A new Louisiana bill aiming to establish a state-backed catastrophe reinsurance program is sparking heated debate between lawmakers and industry leaders. Proponents believe the fund, supported by state-issued bonds, could stabilize the state’s fragile insurance market amidst escalating climate risks. Critics, however, argue it might backfire, shifting costs rather than solving the deeper issues. The proposed program would serve as a financial safety net for insurers, designed to absorb some of the catastrophic losses from hurricanes and other disasters. Advocates point…

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Justice, Healthcare, and Humanity on Trial in Mangione Case

H. Cutner
Mangione Case Trial

Luigi Mangione Pleads Not Guilty to Killing UnitedHealthcare CEO Brian Thompson Luigi Mangione, a 26-year-old Maryland man, has pleaded not guilty to federal murder charges stemming from the December 4, 2024, killing of Brian Thompson, the CEO of UnitedHealthcare. The Mangione case, charged in both federal and state courts, has sparked wide-ranging debates, touching on topics from the state of healthcare to the limits of acceptable dissent. Here’s what we know so far and what the broader implications might mean. The Incident That Shocked a Nation Early that December morning,…

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Liberty Mutual vs. Mars: Who Picks Up the Tab for Risky Marketing?

Angela Linders
Liberty Mutual vs. Mars

Liberty Mutual Drops Lawsuit Against Mars Over Ultra-Processed Food Marketing Case Liberty Mutual Insurance Co. has closed the file on its case against candy giant Mars Inc., leaving questions around insurance coverage for controversial marketing practices unresolved. This voluntary dismissal, filed in the U.S. District Court for the Eastern District of Virginia, has brought an abrupt end to a legal clash that raised eyebrows in both the insurance and food industries. The crux of the matter? Whether Liberty Mutual should have to cover Mars’s legal defense in a lawsuit accusing…

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

Ester Adams
commercial liability cargo insurance

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…

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

Marc
Health Insurance in New Mexico

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…

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

H. Cutner
New York's Biomarker Testing

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…

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Can Everglades Environmental Restoration Help Lower Rising Insurance Premiums?

H. Cutner
Everglades Restoration

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…

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