Insurance Industry News
A collection of Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Hartford Insurance Group Inc. stock outperforms competitors on strong trading day
Shares of Hartford Insurance Group Inc. HIG rallied 2.02% to $129.48 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA rising 0.10% to 51,231.64 and the S&P 500 Index…
What Higher Interest Rates Are Telling Insurance Investors
For insurance investors, bond yields play a defining role in long-term planning, with the effects of their levels and movements rippling across balance sheets. If inflation isn't behind higher rates, the next item on some investors' lists might be…
Health Care Down as Michigan Files Suit Against Insurer -- Health Care Roundup
Health-care companies fell amid fears that health insurers would remain in regulatory crosshairs during the election season. Michigan's attorney general filed an antitrust suit against the state's largest health insurer Blue Cross Blue Shield of…
How life insurance can fit into a retirement planning strategy
Retirement planning typically centers on a familiar set of priorities: building a 401(k) or IRA balance, estimating future expenses and figuring out when to claim Social Security. But as retirement gets closer, protecting the financial plan that's…
We're Investigating Prior Authorization. Help ProPublica Understand Your Health Insurance Denial.
Last year, many of America's largest health insurers vowed to reduce their use of prior authorization — the extra layer of approval insurers require before covering a medical expense. The industry's pledge came after massive backlash to the…
GST Council allows Input Tax Credit on employee group health and life insurance
The GST Council has made a significant move by allowing Input Tax Credit on group health and life insurance policies for employees, a decision poised to substantially ease financial burdens for employers and boost insurance penetration across…
Michigan AG sues Blue Cross Blue Shield of Michigan, accusing insurer of illegal monopoly
Michigan Attorney General Dana Nessel said she has filed a federal lawsuit against Blue Cross Blue Shield of Michigan, accusing the company of illegally operating a health insurance monopoly in the state. The case was filed Thursday in U.S.
Building insurance for share-of-freehold property ...
Please or to access all these features Join the discussion and chat with other Mumsnetters about everyday life, relationships and parenting. DC is buying a share-of-freehold flat. There are 8 flats in the building. Six are let out, but his and one…
Hanover Insurance: Strong Execution, But Limited Upside At Current Levels (NYSE:THG)
The Hanover Insurance Group is executing well, with record Q2 operating EPS of $5.31 and a 19.8% ROE. Management targets mid-to-high teens ROE, 7% premium growth, and 10%+ EPS/BVPS growth annually through 2031. At $217.61, THG trades near my…
Home, auto insurance rates trending down for many Texans
HOUSTON – Texas homeowners and drivers may be seeing some relief from high insurance costs, with several companies filing rate decreases that could affect millions of policyholders across the state. Since July 1, most homeowners insurance…
Rideshare insurance fraud in Winnipeg prompts crackdown: MPI - Winnipeg
Winnipeg rideshare drivers will face greater scrutiny of their auto insurance policies after a Manitoba Public Insurance (MPI) review found many are operating without proper coverage. Uber and Lyft are among the approved rideshare providers in…
Sam Altman-backed bitcoin (BTC) insurer Meanwhile raises $37.5 million investment
Meanwhile, a life insurer focused on bitcoin and backed by OpenAI founder and CEO Sam Altman, raised $37.5 million as it expands outside the U.S. The funding round was led by existing investor Bain Capital Crypto, with participation from Haun…
DWP confirms State Pension is a benefit despite National Insurance contributions
Millions of people receive the State Pension after reaching retirement age, but despite workers building up entitlement throughout their working lives, it is officially classed as a benefit. HM Revenue and Customs (HMRC) describes the State Pension…
BC NDP promises to freeze car insurance rates for 3 years if elected
The BC NDP were campaigning in Richmond on Thursday morning and made an announcement targeted at drivers in the province. Leader David Eby announced that they will freeze basic car insurance rates through the Insurance Bureau of British Columbia…
Term Insurance Before and After Retirement: How Life Cover Needs Change
A person working and earning needs life insurance. If they die, their family loses income. A term insurance plan makes sense. It's affordable. It covers the working years. But what happens at retirement? The person stops earning. The financial…
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