The Ticker
Broadens Sullivan County’s Law Enforcement Treatment Initiative to encompass behavioral health services. This program is intended to open a pathway for individuals suffering from substance use disorder or mental health conditions away from criminal prosecution and into treatment.
Enacts House Bill 105, which is intended to regulate individuals or entities investing in lawsuits in order to claim a share of legal settlements. The bill will require third-party funding entities to register with the Ohio attorney general and will reinforce transparency regarding the parties involved in funding agreements. The law expressly prohibits third-party funding in state lawsuits by foreign governments, businesses, or individuals.
Is delivering $5 million in funding appropriated by the state Legislature to subsidize medical malpractice insurance premiums for individual providers. The Medical Malpractice Premium Reduction (MMPR) program is available to independent providers and group practices that appeared in the Office of Superintendent of Insurance’s April 10 data call and acquired medical professional liability insurance during 2025. The program is not expected to be repeated in future years.
Enacts several insurance-related laws during the 2026 session of the state General Court. House Bill 297 enables self-funded employer health benefit plans to view their claims data. House Bill 705 requires health insurance plans to disclose specific pricing information; parts of the new law have taken effect, while remaining conditions await completion of relevant federal rules. House Bill 1194 grants credits for assessments paid by insurers to the New Hampshire Life and Health Insurance Guaranty Association; it enters into force on Sept. 13. House Bill 1197 makes various technical updates to state insurance laws and goes into force at the start of next year. Senate Bill 562 launches a home damage mitigation and resiliency program to fortify properties, starting Aug. 31.
Continues to investigate a June 11 cybersecurity breach. To date, the investigation has found all data that was accessed and published to be publicly available statutory financial reporting information, private and public credit rating agency data, and routine technical information. The NAIC says no other information or internal systems were compromised and that it is augmenting its cyber defenses following the incident. Updates will be posted to the organization’s website.
Establishes the Strengthen Mississippi Homes Program to strengthen home roofs for properties on the Gulf Coast. Individuals currently enrolled with the Mississippi Windstorm Underwriting Association (MWUA) for at least three years may be granted up to $10,000 to add roofs designed to handle strong winds, rain, and other weather. The Mississippi Insurance Department expects a statewide launch of the program early next year for those not enrolled with MWUA. The program will be fully funded by insurance company fees.
Formally establishes its new Health Insurance Advisory Board, which aims to address matters concerning health insurance and coverage. The 12-person board is expected to convene for the first time on Oct. 7. Meetings will be open to the public, with health insurance carriers permitted to observe but prohibited from serving as board members. >> Insurance Commissioner Marie Grant promotes Dmitriy Valekha from chief examiner to associate commissioner for financial regulation. Valekha has been at the Maryland Insurance Association for almost 16 years, with prior experience working as senior auditor for Deloitte.
Ordered by the Delaware Chancery Court to proceed with the $2.25 billion acquisition of roofing software business AccuLynx, which Verisk sought to cancel at the end of 2025. Verisk announced cancellation of the deal while it was under review by the Federal Trade Commission, which was seeking details of the company's previous discussions on software integration with AccuLynx competitor ServiceTitan, according to an Aug. 7 decision from Judge Bonnie David. This decision concludes that Verisk’s purported termination was invalid under the terms of the merger agreement, which forecloses termination if a terminating party is in material breach of the merger agreement or if its failure to comply with its covenants or ‘other willful conduct’ has been the ‘primary cause’ of the failure to satisfy a closing condition.” Verisk said it disagreed with the ruling and is considering its options, including an appeal.
Hires Henry MacHale as chief underwriting officer and head of strategy for international markets. MacHale joins Sompo from his previous position as chief strategy officer at Aspen. >> To acquire workers compensation specialist Service Insurance, pending regulatory approval and standard closing provisions. Service Insurance President Brad Davis will remain in charge of the business under Sompo. >> Finalizes acquisition agreements for Brazil-based insurance company Fator Seguradora, pending regulatory authorization. Fator Seguradora specializes in property, surety, and financial lines for corporate clients.
Hires Emily Yoo for its recently established role of chief operating officer. Yoo joins the company from Zurich Cover-More, a subsidiary of Zurich, where she held the role of executive vice president and head of operations and transformation. She previously worked at organizations including Bain, Deloitte, and Tokio Marine. >> Hires Mark Aspinall to head the company’s new fine art and specie division beginning in January 2027. Aspinall has over 35 years of market experience and will move to SiriusPoint from Liberty Specialty Markets, where he works as senior underwriter for fine art and specie.
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