Industry News

Best's Reviews

Best's News: AM Best Says Insurers Navigate Data Privacy, Regulatory Challenges With Wearables

Apr 26, 2024 Sridhar Manyem, senior director, AM Best, said other key issues with data from wearables include using it...

China Life's First-Quarter Profit Falls on Lower Single Premiums, Investment Income

Apr 26, 2024 China Life Insurance Co. Ltd. posted lower first-quarter net profit as single premium new policies and investment income...

Florida-Based Universal Increases First-Quarter Net Income 39.2%, Cedes Less Premium

Apr 26, 2024 First-quarter available net income rose 39.2% to $33.7 million at Universal Insurance Holdings as net premiums earned rose 18.4%...

Centene CEO: ACA Marketplace Plans Provide a Growth Opportunity

Apr 26, 2024 Centene Corp. said it continued adding Affordable Care Act commercial marketplace customers in the first quarter as it saw net earnings attributable...

Insurance Journal

Higginbotham Adds South Florida Benefits Agency to Team

Apr 26, 2024 Texas-headquartered Higginbotham, one of the largest independent insurance and benefits firms, has added Adams Benefits of Boca Raton, Florida, to its team, the company...

US Probes Tesla Recall of 2 Million Vehicles Over Autopilot, Citing Concerns

Apr 26, 2024 U.S. auto safety regulators said Friday they have opened an investigation into whether Tesla’s recall of more than 2 million vehicles announced...

NC Agent, Missouri Lawyers Convicted in $4M Tax Shelter, Insurance Scheme

Apr 26, 2024 A federal jury on Thursday found a North Carolina insurance agent and two Missouri lawyers guilty on all counts in a $4 million tax evasion scheme that...

Ban on Worker Noncompetes Faces Uphill Legal Battle

Apr 26, 2024 The U.S. Federal Trade Commission’s ban on “noncompete” agreements commonly signed by workers is likely vulnerable to legal challenges, experts said, as some...

Claims Journal

Missouri House Backs Legal Shield for Weedkiller Maker Facing Cancer Lawsuits

Apr 26, 2024 The manufacturer of a popular weedkiller won support Wednesday from the Missouri House for a proposal that could shield it from costly lawsuits alleging...

Class Action Opposes Limiting Ship’s Liability for Baltimore Bridge Collapse

Apr 26, 2024 A Baltimore small business has filed a class action against the owner and operator of the cargo ship Dali that crashed into the Francis Scott Key Bridge...

HSBC Wins $1.6 Billion Suit Over Disney Film Finance Scandal

Apr 26, 2024 HSBC Holdings Plc successfully fought off a London court claim brought by a group of investors in a £1.3 billion ($1.6 billion) lawsuit over tax breaks linked to Walt...

Report: Cybercrime ‘A Thriving Business,’ as U.S. Claims Frequency Rises

Apr 26, 2024 Cyber claims frequency in the U.S. rose 13% last year, a new report shows. Coalition this week released its 2024 Cyber Claims Report, which includes data and...