Health Insurers Face Mounting Pressure as Medical Trends Accelerate in 2025 In 2025, U.S. health insurers are grappling with unprecedented challenges as medical cost trends accelerate, driven by rising utilization, specialty drug costs, and regulatory shifts. AM Best’s August 2025 report revised the industry outlook from stable to negative, citing a broad-based surge in medical … Read more
Florida Approves Nearly 229,000 Citizens Policies for Takeout by Private Insurers Tallahassee, FL – Florida regulators have greenlit the removal of nearly 229,000 policies from the state-backed Citizens Property Insurance Corporation, transferring them to private insurers in an effort to reduce risk for taxpayers and stabilize the insurance market. The Florida Office of Insurance Regulation … Read more
By Satish MehraPublished on July 11, 2025 State Farm, Illinois’ largest homeowners’ insurer, is raising rates by an average of 27.2% starting August 15, 2025, impacting nearly 1.5 million policyholders. The hike, one of the state’s largest ever, comes amid rising catastrophic losses from extreme weather, but it has drawn sharp criticism from Governor JB … Read more