Allstate sues A to Z Supply Services for over $305,000 in alleged fraudulent medical equipment claims under New York's No-fault system, highlighting challenges in insurance fraud detection and claims oversight.
The global commercial insurance market is set to expand at a 7.9% CAGR, reaching $1.89 billion by 2030, driven by regulatory reforms, insurtech adoption, and rising risk exposures in North America, Asia-Pacific, and other regions.
Explore the latest Q2 earnings results from major U.S. insurance companies, highlighting mixed performances amid evolving market dynamics and regulatory shifts.
Mattel's insurance dispute over Rock ’n Play Sleeper product liability claims moves to trial after Delaware Supreme Court denies early appeal, highlighting challenges in multi-year insurance coverage allocation.
Demotech uncovers AI-driven claim instigation tactics fueling litigation and insolvency risks in the U.S. transportation insurance sector, prompting industry-focused legislative discussions and strategic defense initiatives.
Q2 earnings for leading U.S. insurance companies reveal mixed financial results amid stable market conditions and evolving underwriting and investment dynamics. Key players like Kemper, Root, Selective, Travelers, and CNA highlight trends in revenue growth, EPS performance, and stock movements.
Sompo Holdings acquires Aspen Insurance for $3.5 billion, aiming to enhance ROE and diversify into growing specialty insurance sectors including cyber, credit, and political risk.
The Maxus v. Travelers case clarifies soot damage as covered direct physical loss, emphasizing the importance of precise policy wording and timely claims handling in commercial fire insurance disputes.
CFP Board survey reveals risks of financial misinformation online causing costly mistakes, especially among younger Americans, highlighting the role of financial professionals in guiding consumers.
Georgia lawmakers probe high insurance premiums driven by fraud, profits, and claims processing amid impacts from Hurricane Helene.
