Know What's Happening in Insurance
Know What's Happening in Insurance
NY Court Says Post‑Cutoff Acts Don't Void D&O Run‑Off Coverage
A New York federal court held that acts occurring after a D&O run‑off policy’s cut‑off date do not bar coverage unless the acts are unlawful. Judge Jed Rakoff found AmTrust’s 2019 preferred‑share delisting to be a lawful corrective disclosure, so the insurer’s reliance on the subsequent‑acts exclusion failed. The ruling clarifies that a “Wrongful Act” under New York law must involve unlawful conduct.
The KFF Health News Minute, a weekly health‑policy briefing, highlighted a range of pressing issues in February. It noted that the expiration of extra Affordable Care Act subsidies is leaving American farmers vulnerable, while hospitals are launching their own Medicare Advantage plans. The segment also covered Medicaid’s conditional coverage of an expensive gene therapy for sickle‑cell disease and highlighted funding cuts to autism therapy in several states. Additional topics included shifting GLP‑1 drug use among seniors and confusion over updated childhood immunization guidelines.
University of Texas at Arlington engineers unveiled the Pneumatically Actuated Soft Elbow Exoskeleton (PASE), a lightweight silicone‑based wearable that cuts elbow muscle activity by 22% during typical industrial tasks. Tests with 19 participants showed an 8‑10 point reduction in perceived...
In this episode, AM Best’s Toomey discusses how the growing cyber interconnectedness among businesses is forcing insurers to enhance their detection and response capabilities. He highlights the rising frequency and complexity of cyber incidents, the need for real‑time monitoring, and...
Maine’s state‑run CoverME.gov marketplace reported its lowest enrollment since launch, with 58,523 consumers signing up in 2026 – a 9.5% drop from the previous year. New customer registrations fell 24%, while the share of enrollees receiving Advance Premium Tax Credits...
The episode reviews 2025’s record earnings for property‑and‑casualty insurers, noting that profitability has become a political and strategic lever rather than a pure financial metric. It highlights how secondary perils like Winter Storm Fern are shifting from reinsured losses to...
The Centers for Medicare & Medicaid Services (CMS) issued a regulatory update effective April 13 that expands documentation, face‑to‑face (F2F) and prior‑authorization requirements for Medicare‑covered DMEPOS items. Eight new oxygen‑related codes join the F2F/WOPD list, while seven additional items—five orthoses and...
The episode dissects a misleading chart promoted by the Paragon Health Institute that Senate Majority Leader John Thune used to argue against extending ACA subsidies, claiming Obamacare premiums have skyrocketed. Health policy experts, including Brookings senior fellow Matthew Fiedler, explain that the...
Surety insurers posted record profitability in 2024, achieving a 45.6% net profit margin and $2.35 billion in underwriting profit for the third straight year. The surge stems from federal infrastructure programs that have driven strong demand for contractor bonds, while loss...
The fourth quarter of 2025 saw a net decline in the global captive insurance market, with 85 new licences issued against 139 revocations, resulting in a loss of 54 active captives. Delaware remained the top U.S. domicile, adding 14 new...
The episode discusses the National Flood Insurance Program's (NFIP) repeated failure to meet its congressional deadline for a new flood map update, highlighting how ongoing funding battles within the Department of Homeland Security (DHS) are stalling progress. It explains the...
The piece links Olympic leadership lessons to enterprise risk management, citing two McKinsey studies on gold‑medalist Alistair Brownlee and CEOs as elite athletes. It distills five principles—persistence amid pushback, strategic time‑blocking, focusing on high‑impact risks, incremental innovation, and adaptability—for chief...
Chubb posted fourth‑quarter earnings of $7.52 per share, comfortably beating FactSet’s $6.77 consensus. The insurer’s combined ratio improved to 81.2%, well under the 84.4% estimate, driving record underwriting profitability. Investment income surged, helped by a bond‑heavy portfolio and a favorable...
