Sun Life Report Highlights Surge in High-Cost Claims and New Drug Trends for 2024
Sun Life’s 2024 report reveals rising healthcare costs, with cancer and cardiovascular diseases leading high-cost claims. The analysis includes new high-cost injectable drugs and strategic recommendations for employers.
May 31, 2024
Legislation & Regulation
Life & Health
Risk Management
Technology
Strategic Role Expansion for Chief Risk Officers in Life Insurance
Chief Risk Officers (CROs) in life insurance will play a broader strategic role as insurers face complex challenges.
May 31, 2024
Legislation & Regulation
Life & Health
Risk Management
Technology
Potent Nicotine Alternative in Vapes Raises Regulatory Concerns
The emergence of 6-methyl nicotine in vapes, more potent than traditional nicotine, poses regulatory challenges as the FDA and researchers seek to understand its health impacts.
May 30, 2024
Insurance Industry
Legislation & Regulation
Life & Health
Technology
Colorado
Predicting Healthcare Costs: A Data-Driven Approach
Leveraging AI and data science to predict healthcare costs can bring transparency and affordability, ensuring accessible healthcare for all.
May 30, 2024
Insurance Industry
Life & Health
Risk Management
Technology
Watchdog Highlights EPA’s Ongoing Cybersecurity Issues
The Government Accountability Office has warned that the Environmental Protection Agency has yet to implement a comprehensive cybersecurity risk assessment process, a recommendation first made in 2019.
May 28, 2024
Legislation & Regulation
Life & Health
Risk Management
Technology
Family Sues Over Fatal Allergic Reaction to Mislabeled Cookie Sold at Stew Leonard’s
The family of Orla Ruth Baxendale has filed a lawsuit against Stew Leonard’s and Cookies United LLC after a mislabeled cookie caused a fatal allergic reaction, highlighting severe negligence in labeling.
May 28, 2024
Insurance Industry
Liability
Life & Health
Litigation
Connecticut
New York
Exploring the Role of Obesity Drugs in Workers’ Compensation Claims
With the rise of weight loss medications, there’s potential for their use in workers’ compensation cases to aid injured workers struggling with obesity-related recovery challenges.
May 24, 2024
Insurance Industry
Life & Health
Risk Management
Workers' Compensation
VR Solution Revolutionizes Workers’ Compensation Pain Management
A new VR-based program offers non-pharmacological treatment for chronic lower back pain in workers’ compensation cases, promising cost-effective and safe pain relief.
May 23, 2024
Life & Health
Risk Management
Technology
Workers' Compensation
Massachusetts Doctor Sentenced for Health Care Fraud and Opioid Overprescription
Dr. Olarewaju James Oladipo receives 16 months in prison for defrauding health care programs and overprescribing opioids.
May 23, 2024
Fraud
Legislation & Regulation
Life & Health
Litigation
Massachusetts
Massachusetts Man and Boston Clinic Indicted for Unlicensed Dentistry and Insurance Fraud
A Massachusetts man and a Boston dental clinic face charges of defrauding Medicaid of $245,000 and performing unlicensed dental procedures, following an indictment by a Suffolk County Grand Jury.
May 22, 2024
Fraud
Insurance Industry
Life & Health
Litigation
Massachusetts
Leveraging AI for Plain Language in Life Insurance Communications
Regulatory demands for plain language drive life insurers to adopt generative AI tools to improve customer communications and ensure clarity and compliance.
May 22, 2024
Insurance Industry
Legislation & Regulation
Life & Health
Technology
Ohio Faces Growing Threat from Insurance Enrollment Fraud
Insurance enrollment fraud is leaving vulnerable Ohioans without proper coverage, prompting calls for urgent government intervention to protect patients.
May 21, 2024
Fraud
Insurance Industry
Legislation & Regulation
Life & Health
Ohio
How Climate Change Will Transform Healthcare Delivery and Payer Strategies
Climate change is set to significantly affect healthcare delivery, increasing utilization and costs while disrupting supply chains. Payers must develop comprehensive strategies to address these challenges and ensure sustainable operations.
May 20, 2024
Life & Health
Property
Risk Management
Technology
California
North Carolina
Survey Reveals Startling Trends in Insurance Application Dishonesty Among Americans
A recent NerdWallet survey exposes a significant portion of Americans admitting to falsifying information on insurance applications, with younger adults leading the trend.
May 14, 2024
Auto
Fraud
Insurance Industry
Life & Health
Study Reveals Increased Workplace Accidents Due to High Heat
A new report by the Workers Compensation Research Institute highlights a 5-6% increase in work-related accidents when temperatures exceed 90 degrees, particularly in the southern U.S. and construction industry.
May 10, 2024
Insurance Industry
Life & Health
Risk Management
Workers' Compensation
