Citizens Property Insurance Corp., the state-backed insurer of last resort in Florida, has lost its position as the state’s largest […]
New York Hospital Insurer Seeks Bankruptcy Protection Amid Growing Child Sexual Abuse Claims
Northeast Insurance Co., a Bermuda-based captive insurer covering several New York hospitals linked to a major Jewish nonprofit, has declared […]
NFIP Expires as Congress Misses Deadline, Leaving Homeowners and Housing Market in Limbo
The National Flood Insurance Program (NFIP) officially expired on October 1 after Congress failed to pass an extension, halting the […]
U.S. Home Insurance Premiums Surge as Climate Disasters Intensify
As climate-fueled disasters continue to escalate across the United States, the cost of insuring a home has reached record-breaking levels. […]
BrightPath Insurance Acquires Eight Agencies Across Michigan, Texas, and Louisiana
ANN ARBOR, MI — BrightPath Insurance Solutions, a rapidly growing, tech-enabled national brokerage, has announced the acquisition of eight independent […]
Progressive May Owe Refunds in Florida for Surpassing Auto Insurance Profit Limits
Despite cutting personal auto insurance rates in Florida this year, Progressive Insurance may soon be required to issue refunds or […]
Microsoft Reports SharePoint Vulnerability Now Linked to Ransomware Attacks
Microsoft has announced that a known cyber-espionage campaign exploiting unpatched versions of its SharePoint server software has taken a more […]
UK to Establish Captive Insurance Regime, Earning Strong Support from London Market Stakeholders
The UK is set to launch a dedicated regime for captive insurance companies, a move that has received broad backing […]
AM Best Changes Outlook to Negative for Texas-Based Service Insurance Group
AM Best has revised its outlook from stable to negative for Service Insurance Group, which includes Service Lloyds Insurance Company […]
Aflac Faces Class Action Lawsuit Following Major Data Breach Impacting Policyholders
Aflac Inc., the prominent supplemental insurance provider, is now facing a proposed class-action lawsuit in the wake of a significant […]
Lloyd’s Welcomes Removal of Section 899 Tax Provision From U.S. Reconciliation Bill
Lloyd’s has issued a positive statement following the removal of Section 899 from the Republican reconciliation bill, a provision that […]
Illinois Chiropractor Sentenced to Federal Prison for Multi-Million Dollar Healthcare Fraud Scheme
An Illinois chiropractor has been sentenced to 20 months in federal prison and ordered to repay over $2.3 million after […]
