Insurers

Colombia's Prescription Drug Crisis: A Deepening Shortage Amidst Political Turmoil

2 days ago

Colombia is currently grappling with a significant shortage of prescription drugs, a compelling issue that has escalated due to ongoing conflicts between President Gustavo Petro's administration and the country's health insurers. This situation has ignited concerns over the accessibility of essential medications for the populace, raising alarm bells about the health and well-being of many citizens who rely on these drugs for their daily health needs.

European Insurers Brace for Stricter Capital Rules Amid Rising Climate Risks

2 months ago

In a significant shift towards strengthening financial resilience against climate-related challenges, European insurers may soon face new capital regulations specifically designed to address climate risks. The proposed adjustments are part of an ongoing effort by regulators to ensure that the financial sector can withstand the increasing threats posed by climate change, which has been underscored by a series of recent environmental disasters.

Non-Admitted Insurers Surge: What It Means for the Insurance Landscape

4 months ago

In recent developments, the insurance sector has observed a marked increase in the prevalence of non-admitted insurers. This shift is particularly noteworthy as it signifies a significant change in how various risks are being managed and insured. Non-admitted insurers, also known as surplus lines insurers, operate without state approval and offer coverage for risks that may be deemed too high for traditional providers. This phenomenon is gaining traction, and it raises important questions about the future of insurance regulation and risk assessment.

Trump's Election Victory Boosts Medicare-Focused Health Insurers

5 months ago

In a surprising twist following the recent elections, health insurance companies that specialize in Medicare have experienced a significant surge in their stock prices. This sudden increase comes in the wake of Donald Trump's victory, which many analysts believe signals a more favorable regulatory environment for these providers. Investors are optimistic about potential changes in policy that could enhance profitability for these firms.

Insurance Industry Faces a Potential $55 Billion Blow from Helene Milton’s Actions

6 months ago

The insurance sector is bracing itself for a significant financial upheaval, with estimates suggesting that losses could reach as high as $55 billion due to a series of incidents tied to the figure known as Helene Milton. This news has reverberated through the industry, raising concerns about the ramifications for insurers already grappling with various challenges.