In a first-of-its-kind trial, Lloyd’s of London underwriters won a court ruling that they do not have to pay a restaurant’s lost income due to Covid-19 restrictions. The lawsuit filed in March 2020 was the first business interruption insurance case…
Social inflation is cause for concern for insurers, according to a recent Geneva Association report, as insurance premiums may no longer cover the liability risk insurers take on. Broadly, social inflation describes all ways in which insurers’ claims costs rise…
Almost a year into the coronavirus pandemic, insurers are winning most lawsuits from businesses seeking compensation for government-ordered shutdowns. The trend favoring insurers appears to be continuing in 2021. According to reports, federal judges in Florida dismissed three Covid-19 business-interruption…
Hospital merger and acquisition activity stayed within its 10-year historic range in 2020 despite the coronavirus pandemic disruptions. Healthcare management advisory firm KaufmanHall reported 79 M&A transactions last year, down from 92 reported transactions in 2019. However, there are signs…
By Aneri Pattani | KHN.org The nurses at Mission Hospital in Asheville, North Carolina, declared on March 6 — by filing the official paperwork — that they were ready to vote on the prospect of joining a national union. At…
By Laura Ungar | KHN.org COLUMBIA, Mo. — A memory haunts Christina Fuhrman: the image of her toddler Pearl lying pale and listless in a hospital bed, tethered to an IV to keep her hydrated as she struggled against a superbug…
Hard market conditions continued last quarter with premium price increases averaging double digits, according to a new survey. The Council of Insurance Agents & Brokers’ (CIAB) quarterly index found the average premium for all-sized accounts jumped 11.7% in Q3 2020 compared to…
The legal fight over whether insurance companies have to pay for coronavirus-related losses is ongoing, with new developments happening in courts daily. According to reports, a case filed by a New Orleans restaurant owner will head to trial in Louisiana….
Federal agencies warn cybercriminals are targeting the U.S. health care system with a wave of new ransomware attacks. In a joint alert issued late last month, the FBI, the Cybersecurity and Infrastructure Security Agency (CISA), and the Department of Health and…
By Jordan Rau | KHN.org Nearly half the nation’s hospitals, many of which are still wrestling with the financial fallout of the unexpected coronavirus, will get lower payments for all Medicare patients because of their history of readmitting patients, federal…
