Insurance Industry News

A collection of Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

reuters.com - Shariq Khan and Nichola Saminather - Cannabis firms see jump in insurance costs to protect leaders as investors sue
Cannabis firms see jump in insurance costs to protect leaders as investors sue
Reuters

TORONTOTORONTO (Reuters) - Canadian and U.S. cannabis companies are facing a spike in already high costs of insurance to protect top executives from personal liability, following a slew of lawsuits by disgruntled investors alleging fraud and…

reuters.com - Reuters Editorial - Walmart makes new push into healthcare with insurance business
Walmart makes new push into healthcare with insurance business
Reuters

(Reuters) - Walmart Inc (WMT.N) is making its latest move into the healthcare space with its own insurance business, the company said on its website. The world's largest retailer has created an insurance agency under the name 'Walmart Insurance…

cbsnews.com - Kate Gibson - Florida insurance agent fired after mask meltdown at Costco
Florida insurance agent fired after mask meltdown at Costco
CBS News

A Florida man has been fired from his job as an insurance agent after his videotaped tirade when asked to wear a face mask at a Costco Wholesale store drew a massive audience on social media. The video posted Monday on Twitter shows a man wearing…

cnbc.com - Melissa Repko - Walmart quietly registers insurance business in its latest move into health care
Walmart quietly registers insurance business in its latest move into health care
CNBC

Published Wed, Jul 8 2020 9:27 AM EDT Walmart has created 'Walmart Insurance Services LLC' to sell insurance policies, according to job openings listed on the retailer's website. In the job posts, it says it's looking to hire insurance agents in…

reuters.com - Carolyn Cohn and Huw Jones - Business interruption insurance claims are a worry, BoE says before court rules
Business interruption insurance claims are a worry, BoE says before court rules
Reuters

LONDONLONDON (Reuters) - The biggest uncertainty now facing insurers is whether they will have to pay for a raft of business interruption claims, the Bank of England said, as a court prepares to rule on whether existing policies cover big losses…

seekingalpha.com - Khyathi Dalal - FingerMotion launches insurance solution Sapientus (OTCMKTS:FNGR)
FingerMotion launches insurance solution Sapientus (OTCMKTS:FNGR)
Seeking Alpha

FingerMotion (OTCQB:FNGR +6.2%) launched Sapientus, its Big Data Insight arm for delivering data-driven solutions and insights for businesses within the insurance and financial services industries. Not only will Sapientus enable to identify…

businessinsider.com - Blake Dodge - VCs just poured $5.4 billion into startups forging the future of healthcare. Here are the 11 top digital health startups that took home the most cash.
VCs just poured $5.4 billion into startups forging the future of healthcare. Here are the 11 top digital health startups that took home the most cash.
Business Insider

Verana Health Vernana collects massive amounts of data from medical associations like the American Academy of Ophthalmology so that researchers and life science groups can analyze it. One product gives physicians a list of patients best suited for…

eater.com - Eve Batey - Chez Panisse Sues Insurance Company Over COVID-19 Coverage
Chez Panisse Sues Insurance Company Over COVID-19 Coverage
Eater

Chez Panisse, the much-lauded Berkeley restaurant founded by food icon Alice Waters, has joined prominent local spots like John's Grill and the French Laundry in the movement to sue insurance companies that won't honor business interruption claims…

abc.net.au - Thousands at risk of dud insurance in their super as they lose work due to coronavirus
Thousands at risk of dud insurance in their super as they lose work due to coronavirus
Australian Broadcasting Corporation

Hundreds of thousands of Australians could soon be exposed to dud insurance through their superannuation funds. Highly restrictive definitions of disability for the unemployed, casual, contract and part-time workers have seen many people denied…

insidehighered.com - Pandemic has exacerbated a hard insurance market for higher ed
Pandemic has exacerbated a hard insurance market for higher ed
Inside Higher Ed

As colleges renewed insurance policies this month, many faced steep price increases due to the pandemic, natural disasters, sexual misconduct and athletics scandals. Over the Fourth of July weekend, Jean Demchak's work didn't stop. The popular July…

usatoday.com - Nathan Bomey, USA TODAY - Allstate insurance company acquires National General for $4 billion
Allstate insurance company acquires National General for $4 billion
USA TODAY

Allstate is acquiring property liability insurer National General for about $4 billion. Northbrook, Illinois-based Allstate said the deal would boost its profitability and market share in personal liability insurance, which includes auto, RV…

rgj.com - Ed Komenda, Reno Gazette Journal - Las Vegas' Circus Circus, Treasure Island sue insurance companies over uncovered COVID-19 losses
Las Vegas' Circus Circus, Treasure Island sue insurance companies over uncovered COVID-19 losses
Reno Gazette Journal

LAS VEGAS – A pair of Strip resorts owned by billionaire casino mogul Phil Ruffin have sued insurance companies for not covering losses in the wake of COVID-19. Both Circus Circus and Treasure Island have joined a growing line of businesses…

thechronicleherald.ca - Nichola Saminather - Cannabis firms see jump in insurance costs to protect leaders as investors sue | The Chronicle Herald
Cannabis firms see jump in insurance costs to protect leaders as investors sue | The Chronicle Herald
CREAM

By Shariq Khan and Nichola Saminather TORONTO (Reuters) - Canadian and U.S. cannabis companies are facing a spike in already high costs of insurance to protect top executives from personal liability, following a slew of lawsuits by disgruntled…

nypost.com - Reuters - Walmart creates new health insurance business, looks to hire agents
Walmart creates new health insurance business, looks to hire agents
New York Post

Walmart is making its latest move into the health care space with its own insurance business, the company said on its website. The world's largest retailer has created an insurance agency under the name “Walmart Insurance Services…

foxbusiness.com - Jeanette Settembre - Walmart launching health insurance agency
Walmart launching health insurance agency
Fox Business

Walmart will now sell health insurance with its groceries, clothing and camping gear. The big-box retail giant started an insurance agency in Texas bolstering its health care business outside of retail, the Arkansas Democrat-Gazette reported. The…

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