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The Villages Health Agrees to Pay $542M for Medicare Advantage Overbilling
The Villages Health System in central Florida, part of the world’s largest retirement community, has agreed to pay almost $542 million to settle civil claims stemming from its disclosure that it submitted false diagnosis codes to boost payments from the …
POSTED AUGUST 27, 2026 2:55 PM |
Insurance Industry Labor Market Study Shows Slowing Turnover and Modest Growth
More than three-fourths (78%) of U.S. insurers expect modest revenue growth during the next 12 months, and about half (49%) plan to increase staff. However, it seems many companies are “hiring to backfill key positions and bring in new talent, …
POSTED AUGUST 27, 2026 1:59 PM |
Hawaii Insurance Division Issues Memo to Insurers for Lala Claims
The Hawaii Insurance Division issued a memo to insurers this week stating it expects them to handle claims from Tropical Storm and Hurricane Lala “promptly, fairly,” and in accordance with state law insurance contracts. The memo on Wednesday from Insurance …
POSTED AUGUST 27, 2026 1:44 PM |
Europe’s Credit Markets Shrug Off Climate Risks Despite Devastating Droughts
Severe droughts across Europe this summer led to huge wildfires, disrupted transport on critical routes, threatened power plants and hit corporate earnings across the continent. The credit markets are mostly unmoved. The extreme weather is a reminder of the growing …
POSTED AUGUST 27, 2026 1:22 PM |
Russian-Speaking Cybercriminals Used SpaceX’s Cursor AI Tool to Hack Seven Firms
Russian-speaking hackers used SpaceX’s coding assistant, Cursor, to help break in to a Belgian chemical company and at least six other firms earlier this year, according to data reviewed by Reuters and a report issued on Thursday by the startup …
POSTED AUGUST 27, 2026 12:44 PM |
Update: Glacier Collapse Behind Nepal Flood Shows Region’s Climate Risk
Scientists are pointing to a glacier collapse as the cause of a devastating flash flood that killed at least 350 people and left many more missing near Nepal’s border with China, a mountainous region that’s increasingly imperiled by the effects …
POSTED AUGUST 27, 2026 12:17 PM |
Markets/Coverages: Marsh Exchange Handles Operational Digital Infrastructure Risks
Global insurance broker Marsh announced the launch of Stratus, a property insurance exchange designed to address the complex operational risks of large digital infrastructure projects as they move from construction into operation. Such projects include data centers and associated critical …
POSTED AUGUST 27, 2026 12:16 PM |
Northeast Including New York City Facing Flood Risks From Thunderstorms Today
The US Northeast and Mid-Atlantic, including New York City, face another round of thunderstorms, increasing flood risks and transportation woes, with even the slight chance of a tornado. Flood watches will cover New York’s five boroughs, as well as stretching …
POSTED AUGUST 27, 2026 11:32 AM |
Insurers Want a Bigger Slice of the Bank Risk Transfer Boom
Insurers are aiming for a bigger slice of the market for significant risk transfers this year as banks step up their use of the hedging instruments. Firms expect to participate in about 50% more SRTs than in 2025, according to …
POSTED AUGUST 27, 2026 11:25 AM |
OpenAI Report Says Its Network Was Hacked by Its Own Rogue AI Agents
AI agents created by OpenAI broke into the company’s own systems during internal tests and in some cases tried to conceal their behavior, the company said in a report published Wednesday. The findings are likely to sharpen concerns about increasingly …
POSTED AUGUST 27, 2026 11:22 AM |
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