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Will insurance cover Texas winter storm damage?

article An arctic front moving through Texas has brought icy roads, power outages and the possibility of snapped tree limbs across the state. As temperatures fall, the risk of pipes freezing increases. Texans may be wondering what is...

Nearly 500 Illinois employees to be affected by layoffs

In December, seven companies reported layoff and furlough plans that will affect nearly 500 Illinois workers.The cuts were reported to the Illinois Department of Commerce and Economic Opportunity as part of the Illinois Worker Adjustment and Retraining Notification (WARN) Act.Businesses that reported layoffs...

HEALTH INSURANCE CEO CAN’T COMMIT TO SAFE AI PRACTICES IN CONGRESSIONAL HEARING – Insurance News

The following information was released by the office of Illinois Rep. Robin Kelly: Today, U.S. Rep Robin Kelly (IL-02), member of the Energy and Commerce Health Subcommittee, forcefully questioned UnitedHealth Group CEO Stephen Hemsley over his company's authorization process. Over the last five years,...

Optimum Global Insurance Company Exits Territorial Market

Lieutenant Governor Tregenza A. Roach, Esq. announces that the Division of Banking, Insurance, and Financial Regulation has received notice from Optimum Global Insurance Company that it will no longer offer its individual health insurance business in the United States Virgin Islands. Policy holders...

AIG names Neil Smallcombe President of Lexington Insurance Company

Global insurer American International Group (AIG) has announced the promotion of Neil Smallcombe as President, Lexington Insurance Company, the firm’s U.S. surplus lines insurer. In his new role, Smallcombe will leverage his over two decades of industry experience to lead Lexington’s A&E, Casualty, Healthcare...

Montana BCBS claims insurance commissioner targeting it because of data breach

The largest health insurance company in Montana is fighting against the Montana Commissioner of Securities and Insurance as state officials push to find...