Latest news with #Loss
Business Wire
08-07-2025
- Business
- Business Wire
Mark Farrah Associates Reported Individual and Small Group Health Insurance Segment Profitability
MCMURRAY, Pa.--(BUSINESS WIRE)--Mark Farrah Associates (MFA), examined trends in membership, claims incurred PMPM (per member per month), adjusted premiums PMPM, and MLRs (Medical Loss Ratios) for the Individual and Small Group comprehensive medical/health insurance markets and segment leaders. Based on an analysis of the National Association of Insurance Commissioners (NAIC) Supplemental Health Care Exhibit (SHCE), MFA also analyzed the profitability of both health insurance segments for the last five years. The Individual and Small Group business segments were profitable for insurers in 2024 where both experienced higher MLRs between 2023 and 2024. The Individual segment experienced enrollment growth of 21%, to 21.5 million members for 2024. Premiums PMPM increased 1.8%, to a segment average of $559 PMPM. The average medical claims PMPM of $493 in 2024 was an increase of 2.3% from 2023. The Small Group segment continues to lose membership, down another 7% to 7.9 million in 2024. Average claims incurred PMPM increased from $495 in 2023 to $537 in 2024, an 8.4% increase. To read the full text of " An Analysis of Profitability for the Individual and Small Group Health Insurance Markets in 2024 ' visit the MFA Briefs library on Mark Farrah Associates' website. MFA will continue to monitor health plan performance and competitive shifts across all healthcare segments. About Mark Farrah Associates (MFA) MFA is a leading data aggregator and publisher providing health plan market data and analysis tools for the healthcare industry. Committed to simplifying analysis of health insurance business, our products include: Health Coverage Portal™, Medicare Business Online™, Medicare Benefits Analyzer™, County Health Coverage™, Health Plans USA™ and 5500 Employer Health Plus. Follow us on LinkedIn!
Business Wire
08-07-2025
- Business
- Business Wire
Instnt Achieves Insurance Certification in New York
NEW YORK--(BUSINESS WIRE)-- Instnt, the world's first identity fraud loss insurance solution, announced today its certification to operate in New York. This milestone marks a key step in the company's expansion strategy following its launch this March. The certification, granted by the New York Insurance Department, is a regulatory approval that allows Instnt to legally market and conduct insurance-related business in the state. 'Fraud isn't limited by location. As we expand access to our identity fraud loss insurance solution to new markets, we continue to ensure our operations meet the highest regulatory standards in every location.' To achieve certification, Instnt underwent a thorough review by the state's insurance regulators to ensure it meets all legal and operational requirements. This certification is a regulatory compliance requirement that allows Instnt to operate legally in New York. While it does not directly impact or alter the customer experience, it ensures that Instnt is aligned with regional legal frameworks and reinforces its commitment to responsible and compliant operations. Without this certification, Instnt could not promote or sell its product within the state of New York. 'Securing our New York license reflects our commitment to responsible, compliant growth,' said Sunil Madhu, Founder and CEO of Instnt. 'Fraud isn't limited by location. As we expand access to our identity fraud loss insurance solution to new markets, we continue to ensure our operations meet the highest regulatory standards in every location.' Fraud is inevitable. In 2023, businesses lost $485.6 billion globally, and in North America, every dollar lost to a fraudster costs financial institutions an average of $4.41. Instnt is pioneering a new category of identity fraud loss protection, providing risk transfer capabilities through insurance that businesses are already used to. Instnt's solution leverages AI-powered identity fraud detection to help businesses shift residual fraud losses off their balance sheets to global AM Best A-rated insurers. With no-code and low-code integration, Instnt works alongside existing fraud detection tools for fast deployment and immediate coverage. Learn More About Fraud Loss Insurance Fraud Loss Insurance is now available to businesses seeking to transform their approach to fraud risk management. Visit or contact us at hello@ to learn more or request a personalized quote. About Instnt Instnt is a venture-backed insurance technology business headquartered in New York. Instnt's AI mitigates fraud risks for businesses and transfers residual losses to the insurance market through a unique partnership with global A-rated insurers, saving businesses millions in operational and treasury costs. Instnt was founded by its CEO, Sunil Madhu, serial entrepreneur, founder and former CEO of $5B fraud identity leader Socure. For more information, visit Surplus lines coverage is underwritten by a non-admitted insurer and is available only through a properly licensed surplus lines broker. This insurance is neither licensed by nor subject to the supervision or guaranty fund of any state department of insurance.
Business Upturn
08-07-2025
- Business
- Business Upturn
Quick Custom Intelligence Unveils One Big Beautiful Bill ‑Optimized Win/Loss Toolkit – A Simple Path Through the 90% Cap
SAN DIEGO, July 07, 2025 (GLOBE NEWSWIRE) — Quick Custom Intelligence (QCI) today announced the release of its trade secret protected BBB‑Optimized Win/Loss toolkit, a new package available across QCI Host®, QCI Marketing®, and QCI Player™ that helps casinos and their patrons navigate the upcoming 90% wagering‑loss cap contained in the 'One Big Beautiful Bill Act.' (BBB). Built With Gaming‑Tax Experts Advertisement Working hand‑in‑hand with nationally recognized gaming advisors, QCI has engineered a turnkey toolkit that will ensure that more than 99% of players experience zero to minimal tax impact—from penny‑slot enthusiasts to high‑limit table gamers. 'Our customers asked how to keep their players engaged once the BBB Act takes effect. We worked through the long weekend and delivered a compliance‑ready answer that puts actionable information in both the patron's and the accountant's hands—while keeping our intellectual property secure,' said Andrew Cardno, Co‑Founder & CTO of QCI. Key Features Proprietary Tax‑Optimization Engine – Automatically aggregates each player's activity using QCI's confidential methodology, delivering precise win/loss figures compliant with BBB requirements. 90%‑Cap Readiness Dashboard – Highlights any year‑to‑date gain total that exceeds 90% of losses, flagging potential 'phantom‑income' exposure before tax filing day, and suggests remedial actions that are available to the player. One‑Click CPA Export – Generates a clean PDF/CSV packet suitable for Form 1040 attachment—eliminating the need for manual spreadsheets. Rapid Roll‑Out – Delivered as a standard content pack; no schema changes, no downtime. Availability The BBB‑Optimized Win/Loss toolkit is shipping today to all cloud and on‑prem customers running AGI55 or later. Operators can enable it in hours via routine configuration. Quick Custom Intelligence (QCI) builds award‑winning operational, marketing, and player‑development tooling for the global gaming industry. ABOUT QCI Quick Custom Intelligence (QCI) has pioneered the revolutionary QCI Enterprise Platform, an artificial intelligence platform that seamlessly integrates player development, marketing, and gaming operations with powerful, real-time tools designed specifically for the gaming and hospitality industries. Our advanced, highly configurable software is deployed in over 250 casino resorts across North America, Australia, New Zealand, Canada, Latin America, and Europe. The QCI AGI Platform, which manages more than $35 billion in annual gross gaming revenue, stands as a best-in-class solution, whether on-premises, hybrid, or cloud-based, enabling fully coordinated activities across all aspects of gaming or hospitality operations. QCI's data-driven, AI-powered software propels swift, informed decision-making vital in the ever-changing casino industry, assisting casinos in optimizing resources and profits, crafting effective marketing campaigns, and enhancing customer loyalty. QCI was co-founded by Dr. Ralph Thomas and Mr. Andrew Cardno and is based in San Diego, with additional offices in Las Vegas, St. Louis, Dallas, and Tulsa. Main phone number: (858) 299.5715. Visit us at ABOUT Andrew Cardno Andrew Cardno is a distinguished figure in the realm of artificial intelligence and data plumbing. With over two decades spearheading private Ph.D. and master's level research teams, his expertise has made significant waves in data tooling. Andrew's innate ability to innovate has led him to devise numerous pioneering visualization methods. Of these, the most notable is the deep zoom image format, a groundbreaking innovation that has since become a cornerstone in the majority of today's mapping tools. His leadership acumen has earned him two coveted Smithsonian Laureates, and teams under his mentorship have clinched 40 industry awards, a lifetime achievement award and, three pivotal gaming industry transformation awards. Together with Dr. Ralph Thomas, the duo co-founded Quick Custom Intelligence, amplifying their collaborative innovative capacities. A testament to his inventive prowess, Andrew boasts over 150 patent applications. Across various industries—be it telecommunications with Telstra Australia, retail with giants like Walmart and Best Buy, or the medical sector with esteemed institutions like City Of Hope and UCSD—Andrew's impact is deeply felt. He has enriched the literature with insights, co-authoring twelve influential books with Dr. Thomas and contributing to over 100 industry publications. An advocate for community and diversity, Andrew's work has touched over 100 Native American Tribal Operators, underscoring his expansive and inclusive professional endeavors. Contact: Laurel Kay, Quick Custom Intelligence Phone: 858-349-8354 Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Hamilton Spectator
03-07-2025
- General
- Hamilton Spectator
Celebrated poet Gimaa R. Stacey Laforme reflects on Grief, Hope, and Reconciliation
During National Indigenous History Month, residents were invited to join in a night of words and reflection by celebrated poet and storyteller Gimaa R. Stacey Laforme. The event, hosted by the Town of Caledon and IDEA Caledon, allowed attendees to gain insights into the power of poetry as art, as told by Laforme. Laforme, previously Chief of the Mississaugas of the Credit First Nation (MCFN), has been serving his community for more than 20 years. Laforme shared poems from his books, Living in the Tall Grass and Love, Life, Loss, and a Little Bit of Hope: Poems from the Soul. His poetry collections invite non-Indigenous people to see through the eyes of Indigenous people, exploring topics such as peace and humanity, grief, trauma, and hope, while also drawing from his own life experiences. 'There's things within the books that I write that are about raising consciousness, not just living in the moment. Enjoy your moments, life is made up of moments. But we have an obligation to the future and you can't always meet that obligation by living in the moment,' shared Laforme. He began writing poetry in Grade 8, and after that, picked it back up after his mother passed when he was only 29. 'I don't know why I chose poetry, but I chose poetry instead of writing about it. And then from there, I just kept writing,' said Laforme. Laforme shared that he feels he can do good things more broadly through his work now than he could during his time as chief. 'I always felt constrained by the role of being a political leader in a First Nation because I always wanted to do more for more people,' said Laforme. 'I enjoy this side of it better, interacting with many different people from many different backgrounds.' 'One of the greatest things that we need to remember is we're all in this together,' shared Laforme. 'But sometimes we're asking the wrong questions. Because we're thinking of the moment. We're not thinking of the big picture. We should be asking those other questions, those hard questions. And that'll change the dynamic in how we see other people.' Standing at the front of the room, Laforme wore a red ribbon shirt with an eagle and ribbons along the back and sides. Red symbolizes missing and murdered indigenous women, the eagle represents one of the most important animals in the Anishinaabe indigenous world view, and the ribbons are a symbol of remembrance and support for Indigenous residential school survivors and those who did not return home. Laforme read his poem titled Reconciliation. 'I sit here crying I don't know why I didn't know the children I didn't know the parents But I knew their spirit I knew their love I know their loss I know their potential And I am overwhelmed By the pain and the hurt The pain of the families and friends The pain of an entire people Unable to protect them, to help them To comfort them, to love them I did not know them But the pain is so real, so personal I feel it in my core, my heart, my spirit I sit here crying and I am not ashamed I will cry for them, and the many others like them I will cry for you, I will cry for me I'll cry for the what could have been Then I will calm myself, smudge myself, offer prayers And know they are no longer in pain No longer do they hurt, they are at peace In time I will tell their story, I will educate society So their memory is not lost to this world And when I am asked what does Reconciliation mean to me I will say I want their lives back I want them to live, to soar I want to hear their laughter See their smiles Give me that And I'll grant you reconciliation.' 'We all know there were children left behind. But it's one thing to know that. It's another thing to have the TV come on and slap you right in the face with that information. I was sad. I was hurt. I was angry. I felt someone's love and sympathy for the family. And so, I sat down and wrote, Reconciliation,' he shared. 'Because these aren't just indigenous children. These are the children of this country. These are our children.' When people ask Laforme what they can do, whether by donating or raising awareness, Laforme tells them to get together with their community. 'Do something in your own backyard that means something to you, something that you won't forget.' Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
Daily News Egypt
30-06-2025
- Politics
- Daily News Egypt
Egypt's Environment Minister calls for stronger action on desertification, climate resilience in Africa
Egypt's Minister of Environment, Yasmine Fouad, has warned that climate change and desertification pose critical threats to Africa's security and stability, urging coordinated regional action and increased investment in sustainable environmental and climate solutions. Speaking before the African Affairs Committee of Egypt's House of Representatives, Fouad outlined both national and continental efforts to address these mounting challenges. She also highlighted Egypt's leadership role following her appointment as Executive Secretary of the United Nations Convention to Combat Desertification (UNCCD). 'This position reflects the trust of Egypt's political leadership and continues our country's longstanding commitment to support Africa in confronting the accelerating threat of land degradation,' Fouad said, noting that nearly 45% of Africa's landmass is already affected by desertification. Fouad reviewed Egypt's key achievements under its 2050 National Climate Strategy, including emissions reductions between 2018 and 2022 in the power, oil, and transport sectors. She also pointed to major coastal adaptation projects, such as the construction of 80 kilometres of nature-based seawalls to protect cities in the Nile Delta from rising sea levels. She stressed that desertification has evolved into a political and socioeconomic issue, not merely an environmental one, and reiterated Egypt's call to integrate the three Rio Conventions—climate change, biodiversity, and desertification—through a presidential initiative promoting cross-cutting, nature-based solutions that protect both ecosystems and local livelihoods. Addressing the Loss and Damage Fund, launched during COP27 in Sharm El-Sheikh, Fouad said Egypt is preparing national projects to access funding and has developed technical teams to assess climate-related damages and mobilise resources. She also announced the launch of an interactive climate risk map and a national contingency plan for extreme weather events. Fouad underscored Egypt's leadership in mobilising regional climate finance, particularly for food security initiatives in North and East Africa, and emphasised the importance of linking food, energy, and water security under a unified, climate-resilient development agenda. She also highlighted Egypt's recent legislative reforms, including green incentives for producers of plastic alternatives under the new investment law, and the enforcement of the Extended Producer Responsibility policy aimed at reducing single-use plastic waste. Fouad concluded by reaffirming Egypt's growing international and regional role, noting the country's preparations to host the upcoming Barcelona Convention meeting on the protection of the Mediterranean marine environment. She added that Egypt's domestic environmental efforts are increasingly viewed as a model for developing nations across the Global South.
