Progressive Settles $13.8 Million Class Action Over Vehicle Claims
Progressive Insurance has agreed to a $13.8 million settlement for undervaluing total loss vehicle claims in a New York class action lawsuit.
Root Auto Insurance Fined $975,000 for Data Breach
Root auto insurance has been fined $975,000 for failing to protect sensitive personal data of New Yorkers due to a data breach.
Fortitude Re Closes $4 Billion Reinsurance Deal with Taiyo Life
FGH Parent's subsidiary, Fortitude Re, closes a $4 billion deal with Taiyo Life, enhancing global reinsurance capabilities.
California's FAIR Plan Faces $1 Billion Wildfire Assessment
California's FAIR Plan receives $1 billion infusion to cover wildfire claims, impacting homeowners state-wide.
Marsh Enhances Cyber Insurance with New $45M Capacity
Marsh introduces Cyber Echo Encore, increasing cyber insurance capacity by $45 million and responding to rising cyber threats.
Frankenmuth Insurance Transitions to Guidewire Cloud for Core Systems
Frankenmuth Insurance announces migration to Guidewire Cloud for enhanced IT operations and service delivery.
Weekly Roundup: Medicare, ACA, and Insurance Developments
Stay updated with the latest developments in Medicare, ACA changes, and insurance industry news.
Cigna Medicare Advantage Members in Delaware Face Enrollment Changes
Cigna Medicare Advantage members in Delaware can enroll in new plans due to contract changes with Bayhealth. Learn more!
UnitedHealth Group Anticipates Record Performance Despite Turmoil
UnitedHealth Group is poised for record growth this year, despite challenges following the CEO's murder. Legal issues within the insurance sector are also highlighted.
Annuity Sales Surge 29% in Q3 2024, Setting New Records
Record-setting annuity sales in the U.S. reached $114.6 billion in Q3 2024, bolstered by strong market conditions and consumer demand for financial solutions.