🎯 Today's Insurance Pulse
PHL Variable Insurance collapse leaves $2.2B shortfall for 100,000 policyholders
Private‑equity‑owned life insurer PHL Variable Insurance failed after a $450 million reinsurance asset tied to a 2019 transaction was found to have no value. The liquidation will force roughly 100,000 customers to face a $2.2 billion shortfall, with recoveries expected at only 34‑57% of their claims. Regulators had previously allowed the insurer to continue operating despite concerns.
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🚀 Top Insurance Headlines
Broker Liability Ruling: Carriers, Brokers, Analysts Weigh In
Industry participants say asset-based carriers are likely the winners following the Supreme Court’s landmark ruling on freight broker liability. The post Broker liability ruling: Carriers, brokers, analysts weigh in appeared first on FreightWaves.
FreightWaves – News
State Farm Gets $1.5bn of Reinsurance with Merna Re Enterprise 2026-1 Catastrophe Bond
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. We’ve learned that State Farm returned to the catastrophe bond market in recent weeks and has now secured a significant $1.5 billion of reinsurance protection through a Merna Re Enterprise Ltd. (Series 2026-1) issuance, which becomes one of the largest cat bond offerings ever. Details are currently very limited and we understand that State Farm […] State Farm gets $1.5bn of reinsurance with Merna Re Enterprise 2026-1 catastrophe bond was published by: www.Artemis.bm catastrophe bond deal directory our free weekly email newsletter here.
Artemis (ILS/cat bonds)
Senators Outline Plan For Medicare Home Care Benefit: What It Would Mean For Providers
A group of Democratic senators has unveiled a policy framework to establish a home care benefit within Medicare and expand Medicaid home- and community-based services, a “major policy shift” that was welcomed by home-based care organizations. The lawmakers’ framework, released on Wednesday, could improve access to care, increase efficiency, and create a more stable payment […] The post Senators Outline Plan For Medicare Home Care Benefit: What It Would Mean For Providers appeared first on Home Health Care News.
Home Health Care News
Justice Department Can Question Former Elevance Exec in Medicare Advantage Fraud Case, Judge Rules
A federal judge has sided with the Justice Department in its bid to depose a former senior executive at Elevance Health over allegations that the insurer submitted fraudulent Medicare Advantage claims to the government. On May 20, the judge ordered Peter Haytaian, former president of Elevance’s government business and most recently president of the Carelon […] The post Justice Department can question former Elevance exec in Medicare Advantage fraud case, judge rules appeared first on Becker's Hospital Review | Healthcare News & Analysis.
Becker’s Hospital Review
HHS Launches AI Initiative to Detect Fraud and Waste in Federal Health Programmes
The Department of Health and Human Services is moving from “pay and chase” to real-time AI screening across Medicare, Medicaid, CHIP and the Marketplace. The US Department of Health and Human Services has launched an artificial intelligence initiative aimed at detecting fraud and waste across federal health programmes, building on a strategy first outlined in […] This story continues at The Next Web
The Next Web (TNW)
💰 Insurance Fundraising
SCOR Secures $75M Atlas Capital 2026-1 Catastrophe Bond
French reinsurer SCOR has secured the full $75 million target for its Atlas Capital DAC Series 2026-1 multi‑peril catastrophe bond, priced at the low end of guidance. The bond will provide retrocession protection for storms and earthquakes across the U.S., Caribbean, Canada and Europe, with proceeds collateralizing a three‑year reinsurance agreement.
Mangrove Property Insurance Secures $111M Reinsurance via Buttonwood Re Cat Bond
Mangrove Property Insurance has completed an upsized $111 million catastrophe bond issuance with Buttonwood Re Ltd., securing $75 million of per-occurrence and $36 million of annual aggregate reinsurance protection for Florida named storms. All four tranches priced at the low end of guidance, finalising the capital markets-backed reinsurance financing.
💬 Top Insurance Social Posts
Tweet by @FreightAlley
Spoke with the CEO of a large truckload carrier (thousands of trucks) - the ratio of claims to trucks in a given year was approx 20% of their fleet. This is just being named as a defendant. Most of these claims were very small (<$50k each), but they estimate it costs an average of $20k each to process, respond, and file paperwork. Almost none of the claims were serious. The fleet has a very high safety rating, but for every single nick/knack thing you can think about, they have a claim. In the CEO's mind, the nuclear verdict isn't the issue when it comes to insurance and safety; it's the nuisance claims that eat up a trucker. The question for him is: will brokers get dragged into the same scenario? A truck has a tiny fender bender under a brokered load. Will the billboard attorneys go after the broker? He believes this is more problematic (and expensive) due to the deductibles.