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USAA has scored a significant legal win after Florida’s Third District Court of Appeal overturned a class action certification against the insurer on January 28. The case involved USAA Casualty Insurance Company and USAA General Indemnity Company and centered on their responsibilities under Florida’s no-fault auto insurance law related to Medicare coordination. The lawsuit was … Read more

AXIS Capital reported solid operating gains for 2025 despite a drop in overall net income, largely due to new tax changes in Bermuda. The specialty insurer and reinsurer posted a net income of $979 million for the year ending December 31, 2025, which is $73 million, or 7%, less than the previous year. The decline … Read more

Life Insurance Company of the Southwest, connected to National Life Insurance Co., is facing a new lawsuit over its sale of indexed universal life (IUL) insurance products. The case centers on claims that the company used misleading materials when marketing these policies. The lawsuit was filed in the U.S. District Court for Vermont and argues … Read more

A California father spoke emotionally before a U.S. Senate panel on September 16, sharing his grief over the loss of his 16-year-old son, Adam, who died by suicide earlier this year. Matthew Raine said OpenAI’s chatbot, ChatGPT, played a harmful role by “grooming” his son toward taking his own life. Raine argued that the company … Read more

Companies in Europe’s four biggest economies—France, Germany, Italy, and Spain—have faced heavy losses from cyberattacks over the past five years, with the total cost topping €300 billion (around $405 billion), a recent survey by insurance broker Howden shows. Nearly half of the companies surveyed said they experienced at least one cyberattack between 2020 and 2025, … Read more

Edison International is set to start accepting claims soon to help those affected by the deadly Eaton Fire that devastated parts of the Los Angeles area earlier this year. According to Edison’s CEO, Pedro Pizarro, the company aims to have its compensation program ready well before Thanksgiving, with payments expected to begin by early 2026. … Read more

California’s FAIR Plan, an insurer of last resort, has seen a huge jump in its policies in recent years, sparking concerns among insurance trade groups and lawmakers. The plan now covers over 668,000 policies with an exposure value around $724 billion, according to Victoria Roach, the president of the FAIR Plan. These figures were shared … Read more

Surplus lines insurance in 15 key U.S. states saw a strong finish in 2025, with premium volume hitting $90.3 billion, according to the latest report from the Washington Surplus Lines Association (WSIA). This marks a nearly 8% jump from the previous year’s $83.8 billion and shows a notable increase in the number of policies written, … Read more

The US healthcare insurance market is feeling the squeeze again as prices go up and options shrink. Brett Pollak, senior managing director at Foundation Risk Partners, says the current situation looks a lot like what happened in the early 2000s. Providers are facing higher costs and fewer choices, making it tougher for them to find … Read more

National Unity Insurance Company, based in San Antonio, Texas, has received a positive boost from AM Best, the insurance rating agency. AM Best upgraded the outlook for the company’s Long-Term Issuer Credit Rating (Long-Term ICR) from stable to positive. At the same time, the agency confirmed the company’s Financial Strength Rating (FSR) at B++ (Good) … Read more