Insurance Industry News
A collection of Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Insurance Authority to prioritise broadening of regional clientele: CEO
After Beijing's plans to tighten up the taxation of overseas income sent shock waves through the city's banks and insurers last week, Hong Kong's insurance regulator will make broadening the sector's clientele a priority, its reappointed chief said…
Luigi Mangione pleads guilty to killing health insurance CEO Brian Thompson
Nearly two years ago, Brian Thompson, the CEO of UnitedHealthcare, was shot and killed in New York City. A massive manhunt followed, resulting in the arrest of Luigi Mangione, who quickly became a sort of folk hero for people fed up with the state…
Hong Kong reappoints Clement Cheung as CEO of Insurance Authority
The Hong Kong government announced on Friday the reappointment of Clement Cheung Wan-ching as the Chief Executive of the Insurance Authority for a term of three years from August 15, 2026, to August 14, 2029. SCROLL TO CONTINUE WITH CONTENT The…
Luigi Mangione pleads guilty in federal case, admits killing US insurance CEO
Luigi Mangione admitted in court on Friday to fatally shooting a US health insurance executive and pleaded guilty to two federal charges of stalking the executive with the intent to kill him. The guilty plea will avert a federal trial in…
Liability vs. full coverage insurance: What's the difference?
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'I shot Mr Thompson': Luigi Mangione describes his planning and the killing of health insurance CEO
When Luigi Mangione stepped into a Manhattan federal courtroom shortly after 11am on Friday, his demeanor was less debonair than at other recent court proceedings. The 28-year-old, wearing tan jail scrubs instead of natty menswear, walked with…
'FOMO Insurance' Drives Options Buying Spree as Stocks Rally On
As the stock market keeps surging to record highs, a growing worry among investors isn't that it may come tumbling back down. It's fear of missing out. After companies posted the strongest quarterly earnings growth since the nation emerged from the…
Insurance Fraud Enabled 'Gender-Affirming Care
Gender ideology is still wreaking havoc across the country and in pockets of our culture (if you can call the WNBA 'cultural'), but organizations such as Gays Against Groomers, Moms for Liberty, and journalists like myself, Matt Walsh, and so many…
Luigi Mangione pleads guilty of health insurance executive's murder
Luigi Mangione pleaded guilty on Friday in his federal criminal case stemming from the killing of a health insurance executive on a Manhattan sidewalk. The guilty plea will avert a federal trial in the closely watched case over the killing of…
Data centers in space could be a new frontier for insurers - if they can price the risk
Elon Musk's SpaceX and Jeff Bezos' Blue Origin are betting on orbital computing, bringing data centers to space. Insurers that aren't looking at space as the next frontier for insurance underwriting risk missing out on a big growth story, according…
Maine insurance bureau approves nearly 15% average rate hike for ACA plans
The Maine Bureau of Insurance announced on Friday that it had approved a nearly 15% average rate increase for 2027 individual plans on the Affordable Care Act marketplace. The increase — 14.8% — was slightly lower than the 16.8%…
Quake to trigger insured losses across LatAm market: Guy Carpenter
The 7.4-magnitude earthquake that struck western Colombia on Aug. 10 is expected to result in an insured loss event across the Latin American insurance market due to higher earthquake insurance penetration in the country, according to U.S.-based…
Insurer owes no duty to defend trucker in fatal crash suit
Cincinnati Insurance has no obligation to defend or indemnify a truck driver who was hit with a $5.1 million default judgment in a wrongful-death case, the U.S. Court of Appeals for the Fourth Circuit ruled Monday, finding the driver's late notice…
Roslin, Ont. farmer faces insurance dispute after life-changing accident - Kingston
Tyler Goodfellow doesn't remember much about what happened before or after a life-changing accident on his property in Roslin, Ont., about a half an hour north of Belleville, last year. What he does remember is waking up in a hospital eight weeks…
GCC insurers largely shielded from war claims: S&P
GCC Insurers have no significant exposure to war-related claims despite the ongoing Middle East conflict, according to S&P Global Ratings, Khaleej Times reported. Standard insurance policies generally exclude war-related risks, while specialized…
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