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Gerber Life class action claims company makes unsolicited telemarketing calls

Gerber Life class action lawsuit overview: Who: Plaintiff Thomas Matthews has filed a class action lawsuit against Gerber Life Insurance Company. Why: Gerber Life allegedly made unsolicited and illegal telemarketing calls promoting its life insurance policies. Where: The Gerber Life class action lawsuit was filed in...

New Mexico Jury Returns $52M Punitive Damages Verdict in Insurance Bad Faith Suit

A New Mexico jury hit Public Underwriters Liability Insurance Company (PULIC) with $52 million in punitive damages, finding the insurer violated the Unfair Practices Act in an insurance bad faith case after a decade of litigation. On Jan....

Insurance giant reverses position, will now pay claim

But for more than a year, Cigna, one of the country’s largest insurers, refused to pay, saying Cregg, 66 years old when he had the surgery, should have been on Medicare Part B. Rather than risk ruined credit, Cregg paid the bills from...

Why Brookfield And Peers Followed Apollo Into Insurance (NYSE:APO)

To originate debt, Apollo has 13 internal independent underwriting groups (and is in the process of acquiring the 14th one from Credit Suisse) that are specialized in lending to a vertical the group knows in detail. For example, one group may...

Are DeFi Degens in Good Hands? Insurance Companies Want to Help

Distressed crypto markets might finally give DeFi insurance a chance to flourish, but only if it can overcome some headwinds.At the moment, less than 1% of all the assets in the $47 billion DeFi ecosystem are covered by a policy that’ll help replace...