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Insurers urged to temper expectations with AI pilots - Insurance News
20+ min ago (783+ words) While an increasingly popular narrative suggests most artificial intelligence pilots undertaken by companies fail, one insurance industry expert said failure is relative and insurers should temper their expectations accordingly. A 2025 Massachusetts Institute of Technology study found that around 95% of AI…...
The fiduciary standard for life insurance is here
21+ min ago (517+ words) The Department of Labor officially vacated the Retirement Security Rule on March 10, 2026. This move restores the decades-old "five-part test," which narrows the circumstances under which financial professionals must act as fiduciaries. While we celebrate this decision as an industry, we…...
Hawaii's fight against Medicaid fraud plagued for over a decade
1+ hour, 27+ min ago (1666+ words) Behind the verbal sparring last week between federal and state officials over policing Medicaid fraud, data shows Hawaii's recent record on the subject is in some respects worst in the nation. In each of the last four years, Hawaii's Medicaid…...
Producer prices shoot up 6%, adding to pressure on companies to raise prices for their customers
2+ hour, 58+ min ago (409+ words) WASHINGTON " U. S. wholesale inflation came in hot last month. Producer prices rose 6% from a year earlier, most since December 2022, as the 10-week Iran war pushed up energy prices and put pressure on companies to pass along higher costs to consumers. The…...
Lawmakers want to break up some pharmacy companies
5+ hour, 20+ min ago (89+ words) Insurance News Net Lawmakers want to break up some pharmacy companies CVS Health has threatened to close all 134 of its pharmacy locations in Tennessee because the legislation takes aim at the pharmacy giant's business model. Elizabeth Warren, D- Massachusetts, and Josh…...
Health insurance for famers
12+ hour, 37+ min ago (682+ words) Health insurance plans will only be open to people who are Idaho Farm Bureau members who are "actively engaged in agricultural production in Idaho, employ at least two full-time employees, and sign a participation agreement, according to the U. S. Department of…...
GOP to crypto: Show me the money
23+ hour, 45+ min ago (145+ words) Republicans have delivered major wins for the crypto industry in Washington " and they're increasingly frustrated that its biggest political spender isn't stepping up for them in the midterms. Why it matters: Crypto now commands the biggest political war chest of…...
Ghost networks" make finding mental health care harder - Insurance News
1+ day, 3+ hour ago (90+ words) Ghost networks" make finding mental health care harder Insurance News Net Ghost networks" make finding mental health care harder In Massachusetts, every health insurer is required to provide an online directory of health care providers in its network, including contact…...
Business People: General Mills veteran Dana Mc Nabb named COO
17+ hour, 13+ min ago (336+ words) General Mills, Golden Valley, announced that Dana Mc Nabb has been promoted to chief operating officer, effective June 1. Mc Nabb has served as group president of North America retail since 2024 and added North America Pet to her responsibilities in 2025. Mc…...
Passaic County's tax hike blamed on an increase in cost of health insurance
1+ day, 3+ hour ago (107+ words) Insurance News Net Passaic County's tax hike blamed on an increase in cost of health insurance The county adopted a $496. 3 million 2026 budget on May 12, raising the county tax levy for the third straight year, with health insurance costs accounting for…...