Global reinsurer Swiss Re predicts hard insurance market conditions will begin to ease in 2025. During the current hard market cycle, insurance carriers have charged higher premiums, restricted coverage terms, and pulled coverage for specific lines of business and geographic…
Juries are going “nuclear” with greater frequency, reports the Wall Street Journal. This further confirms a trend making insurance costly and more complex to obtain. The number of cases where a jury awarded more than $10 million—what’s called a nuclear…
By Taylor Sisk JELLICO, Tenn. — In March 2021, this town of about 2,000 residents in the hills of east Tennessee lost its hospital, a 54-bed acute care facility. Campbell County, where Jellico is located, ranks 90th of Tennessee’s 95 counties…
Travel nurse demand is waning as healthcare hiring strategies adapt post-pandemic. What’s new: Healthcare employers are reportedly spending more to recruit and retain permanent employees. In turn, the stagnant or reduced budgets for travel staff are lowering demand and pay…
Business email compromise ranks as the top attack method organizations face, according to cybersecurity firm Arctic Wolf. What’s new: Artic Wolf’s “State of Cybersecurity: 2024 Trends Report” found that nearly three-quarters (70%) of organizations were the targets of attempted BEC…
By Rachana Pradhan and Kate Wells A May 8 ransomware attack against Ascension, a Catholic health system with 140 hospitals in at least 10 states, locked providers out of systems that track and coordinate nearly every aspect of patient care….
Nuclear verdicts, those of $10 million or more, in personal injury and wrongful death cases are on the rise, according to a new analysis. A recent report from the U.S. Chamber of Commerce’s Institute for Legal Reform (ILR) found that nuclear…
By Noam N. Levey | KFF Health News ROCHESTER, N.Y. — Jolynn Mungenast spends her days looking for ways to help people pay their hospital bills. Working out of a warehouse-like building in a scruffy corner of this former industrial…
Private equity investments into healthcare services plummeted in the first quarter, according to analysts who follow deals. The market data research firm PitchBook analysis found just 158 deals in Q1, down almost a third from the fourth quarter of last year. Driving…
General liability and excess casualty insurance policies may see premiums accelerate upward in the remaining months of 2024. That’s the broad consensus from insurance carriers’ Q1 earnings calls. What’s new: P&C executives were open about the potential for general liability…
