Global insured losses from natural catastrophes hit $80 billion in the first half of 2025, nearly doubling the 10-year average and signaling yet another costly year for the insurance and reinsurance ...
A North Carolina appeals court partially reversed a lower-court ruling today and affirmed liquidation proceedings against insurers once owned by embattled investor Greg Lindberg. In a unanimous ...
AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa+” (Superior) of State Farm Mutual Automobile Insurance Company ...
A group of plaintiffs suing UnitedHealth Group over the fund selections in its company retirement plan is seeking final court approval for a $69 million settlement. Judge John R. Tunheim scheduled a ...
A Kentucky farmer agreed to pay at least $9.9 million to the federal government over fraudulent crop insurance claims. Larry Walden pleaded guilty to one charge of conspiracy to commit money ...
A San Diego-based bank is suing UnitedHealth Group over an embezzlement scheme perpetrated by one of its employees. Axos Bank wants a court to force the health insurance giant to repay $4.4 million, ...
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