AIG Names Ray Hall Head of Western World, Strengthens E&S Leadership
AIG appoints Ray Hall as head of Western World, advancing its Excess & Surplus insurance strategy with strong underwriting results and leadership growth.
Florida's Patriot Select Resumes Depopulation Role After Supervision Lift
Patriot Select, formerly Anchor Property & Casualty, exits Florida's regulatory supervision and plans to assume 39,000 policies from Citizens in a strategic market move under recent insurance reforms.
California Homeowners Insurance Lawsuits Highlight Market and Regulatory Challenges
Class action lawsuits in California target major insurers over alleged conspiracy limiting homeowners coverage, spotlighting FAIR Plan reliance and regulatory responses.
MS&AD Plans $5 Billion Investment to Expand North American Insurance Operations
MS&AD Insurance Group plans a $5 billion investment to boost its North American insurance operations, aiming to double profits and enhance governance through mergers and strategic acquisitions.
Lori Daybell Murder Conspiracy Trial Highlights Insurance Motive
Coverage of Lori Daybell's murder conspiracy trial in Maricopa County reveals life insurance as a key motive. Prosecutors and defense present conflicting narratives as jury deliberation begins.
MS&AD Plans $1.18B Profit Surge and $5B Investment to Boost North American Insurance Growth
MS&AD Insurance Group targets $1.18B net profit in North America by 2025 with a $5B investment plan and a strategic merger of non-life units to enhance governance and competitive position.
JAB Holding to Acquire Prosperity Life Group, Including Shenandoah Life, for $3.1B
JAB Holding plans a $3.1 billion acquisition of Prosperity Life Group, owner of Shenandoah Life Insurance, marking a significant move in the U.S. life insurance market pending Virginia regulatory approval.
New Jersey’s Adoption Marks Nationwide Best-Interest Standard for Annuity Sales
New Jersey finalizes nationwide adoption of the NAIC best-interest annuity sales standard, reinforcing state regulatory primacy and impacting retirement product compliance.
Key CMS 2026 Medicare Advantage Final Rule Updates for Insurers
CMS finalizes critical 2026 Medicare Advantage rule changes, including anti-obesity drug coverage exclusion, AI regulatory deferral, and limits on retroactive inpatient stay denials affecting payers and providers.
Elevance Health Q1: Stable Profits Amid Rising Medical Costs and Legal Challenges
Elevance Health reports steady Q1 profits with growth in Medicare Advantage and Carelon despite elevated medical costs and legal challenges.