Insurance

Doctors sound the alarm about insurance company ‘downcoding’

With the red tape of health insurance already causing frustration for millions of Americans, doctors are helping to shed light on a common industry practice: downc...

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Illinois AG sues State Farm

BLOOMINGTON — The Illinois Attorney General's Office has filed suit against State Farm alleging the insurance giant has refused to comply with regulatory examination into its homeowners insurance p...

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Lara urges Californians to check coverage for floods and mudslides after recent wildfires

With the threat of mudslides and debris flow following today's atmospheric river, Insurance Commissioner Ricardo Lara today reminded consumers to check their home or rental insurance policies. Insu...

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AI Neo-Insurer MGT Closes $21.6M Oversubscribed Series B to Redefine Commercial P&C Insurance for Small Businesses

Funding will accelerate innovation and growth of the world’s first vertically AI-native neo-insurer SAN FRANCISCO--(BUSINESS WIRE)-- MGT, a vertically AI-native neo-insurer built to moderniz...

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MagMutual Launches MyAdvice: A New Model for Reducing Malpractice Risk

ATLANTA--(BUSINESS WIRE)-- MagMutual Insurance Company, one of the nation’s leading providers of medical professional liability insurance, has launched MyAdvice, a new risk consultancy and advice...

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Consumer groups blast plan to limit review of future California rate requests

California Insurance Commissioner Ricardo Lara has a plan to streamline rate reviews in light of State Farm's experience following the devastating wildfires earlier this year. Critics claim the co...

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Foxboro receives municipal services grant

The town of Foxboro was recently awarded a $10,000 grant from the Massachusetts Interlocal Insurance Association, the town's property and casualty insurance provider, to purchase vital trench shori...

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Only a third of My Safe Florida Home applicants got their grant, program official says

Only about a third of more than 122,000 Florida homeowners who signed up to the My Safe Florida Home program since 2022 have completed their home-hardening improvements and received grants, a progr...

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Guidewire Software Inc. (NYSE: GWRE) Highlighted for Surprising Price Action

Guidewire Software, Inc. (NYSE: GWRE) has caught the attention of the investment community today with its bullish price action. The company’s shares have moved 4.34% on the day to $249.77. Guidewi...

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Illinois attorney general files lawsuit against State Farm

Oct. 15—Illinois Attorney General Kwame Raoul has filed a lawsuit against State Farm, claiming the insurance company failed to comply with a regulatory examination into its nationwide homeowners in...

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TRIPLE-I'S ISSUES BRIEF EXPLAINS BENEFITS, ADDRESSES MISCONCEPTIONS OF RISK-BASED PRICING IN INSURANCE

The following information was released by the Insurance Information Institute: The Insurance Information Institute (Triple-I) has published a comprehensive Issues Brief addressing common miscon...

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AM Best Affirms Credit Ratings of Operating Subsidiaries of Essent Group Ltd.

OLDWICK, N.J.--(BUSINESS WIRE)-- AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) of the operating subsidiaries of Es...

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Triple-I’s Issues Brief Explains Benefits, Addresses Misconceptions of Risk-Based Pricing in Insurance

MALVERN, Pa.--(BUSINESS WIRE)-- The Insurance Information Institute (Triple-I) has published a comprehensive Issues Brief addressing common misconceptions about risk-based pricing in property/cas...

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AM Best Affirms Credit Ratings of The West of England Ship Owners Mutual Insurance Association

AMSTERDAM--(BUSINESS WIRE)-- AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of The West of England Ship Owners Mut...

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Uninsured drivers are on the rise: Are you protected?

Uninsured drivers are on the rise: Are you protected? The National Highway Traffic Safety Administration has reported that the United States experiences millions of motor vehicle accidents every y...

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Tariffs drive contents claims higher for property/casualty insurers

Tariffs are rewriting the math of content claims. Higher costs for consumer goods are impacting the cost of property/casualty insurers paying claims for contents of homes that are damaged or destro...

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Wife denies plotting to kill husband to claim his £124,000 life insurance

Michelle Mills (left) is accused of conspiring to kill her husband Christopher (centre) alongside Geraint Berry (right) (Picture: Wales News Service) A woman has denied conspirin...

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Dave Ramsey, AARP raise red flag on Medicare; changes coming soon

The Annual Enrollment Period (AEP) for Medicare, which runs from Oct. 15 to Dec. 7, is the designated time for individuals already enrolled in Medicare to review their coverage. During this window,...

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ATTORNEY GENERAL RAOUL SUES TO FORCE STATE FARM TO TURN OVER HOMEOWNERS INSURANCE DATA TO ILLINOIS DEPARTMENT OF INSURANCE

The following information was released by the office of the Illinois Attorney General: Attorney General Kwame Raoul filed a lawsuit against State Farm Fire and Casualty Insurance Company, State ...

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AM Best Affirms Credit Ratings of European Liability Insurance for the Nuclear Industry

AMSTERDAM--(BUSINESS WIRE)-- AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of European Liability Insurance for th...

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Study looks at high cost of homeowners insurance in Oklahoma

Senate Democratic Leader Julia Kirt (D-Oklahoma City) recently led an interim study at the State Capitol looking at the increasing cost of homeowners insurance in Oklahoma. Kirt said she requested ...

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