Articles
NAIC’s 2026 AI evaluation pilot moves ahead as industry balks
It will take more drafts to get an AI system evaluation tool to the finish line, but state insurance regulators are committed to kicking off a pilot program in 2026 to test insurers’ use of artificial intelligence. Still, the project is being heavily criticized by industry trade groups. Ten insurance companies are set to participate […]
Senate votes down two plans to address expiring ACA tax credits
Congress is no closer to resolving the issue of expiring enhanced Affordable Care Act tax credits as the Senate failed to advance competing proposals to address the issue today. The Senate failed to advance a Republican-led proposal to set up health savings accounts for those who buy health coverage in the ACA marketplace. The legislation, […]
‘Credit score penalty’ doubling the cost of insurance for some, CFA reports
In all but three states it’s often more expensive for homeowners to have poor credit than to live in an area with a high risk of natural disasters. That’s due to insurers adding a “credit score penalty” to homeowner’s insurance in every state except California, Maryland and Massachusetts. The penalties can devastate families just trying […]
Health plan approved drug lists more complex, challenging consumers
Health plan prescription drug formularies continue to increase in complexity, and changes to those formularies are especially challenging for consumers to navigate. Those were among the highlights of a presentation on formulary placement and specialty drugs by Matthew Sankey, market regulation manager with The INS Companies, during the National Association of Insurance Commissioners fall meeting. […]