Industry News

Insurance Journal

US Offers $10M Bounty for Information on ‘Blackcat’ Hackers Who Hit UnitedHealth

Mar 28, 2024 The U.S. State Department on Wednesday offered up to $10 million for information on the “Blackcat” ransomware gang who hit the...

UnitedHealth Group Paid Over $3.3B to Care Providers Hit by Cyberattacks

Mar 28, 2024 U.S. insurer UnitedHealth Group on Wednesday said it has advanced more than $3.3 billion so far to care providers impacted by a cyberattack last month on...

Louisiana’s Temple Seeks Reform in Response to State Farm’s California Exit

Mar 28, 2024 Louisiana Insurance Commissioner Tim Temple pointed to State Farm’s withdrawal from the California market as a warning for lawmakers to...

J&J Can Contest Evidence Linking Its Talc to Cancer, US Judge Rules

Mar 28, 2024 Johnson & Johnson will get a new chance to contest the scientific evidence linking talc to ovarian cancer, a federal judge ruled on Wednesday,...

Claims Journal

Subaru Recalls 118,000 US Vehicles Over Faulty Air Bag Sensors

Mar 28, 2024 Subaru is recalling 118,000 SUVs and sedans in the United States to address a faulty sensor that can prevent air bags from deploying in a crash, the National Highway...

More Than Half of Homeowners Fear Climate Change, Most Worry About Rising Home Insurance Costs

Mar 28, 2024 Homeowners are increasingly worried about hazards and rising insurance costs as temperatures rise in the U.S. A survey of nearly 2,000...

Accuweather Predicts Above-Average 2024 Atlantic Hurricane Season

Mar 28, 2024 Accuweather meteorologists are predicting an above-average Atlantic hurricane season with as many as 20-25 named storms. The 2024 hurricane season is forecast to...

Bank of America Wins Dismissal of Iranian Discrimination Claims

Mar 28, 2024 Bank of America Corp. won dismissal of a lawsuit’s claims that it discriminates against Iranians in reviewing customer accounts to ensure they comply with US...

Best's Reviews

Florida Citizens Seeking More Funds for Legal Expenses

Mar 27, 2024 Three years into a five-year, $500 million legal program, Florida's Citizens Property Insurance Corp. is going to its Board of Governors to ask for more....

South Carolina Bill Would Require Life Insurers to Cover Embryos

Mar 27, 2024 A state lawmaker in South Carolina has introduced a bill that would require life insurers in the state to provide coverage to human embryos. Rep....

MGA Kova Professions Launches With Focus on Professional Indemnity

Mar 27, 2024 Kova Professions, a new managing general agent with a focus on professional indemnity coverage for midsize businesses, has launched with the aim of...

AM Best Removes From Under Review With Developing Implications and Affirms Credit Ratings of ivari

Mar 27, 2024 AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A...