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$1.95M Loya Insurance UIM benefit offsets class action settlement

Loya Insurance agreed to pay $1.95 million to resolve claims it misrepresented the value of underinsured motorist coverage and applied an offset to claims. The Young America Insurance settlement benefits Young America Insurance Co. (YAIC) and Loya Insurance Co. policyholders who resided in New...

Hawaii lawmakers target insurer 'excessive profits' with Florida-inspired bill

If the insurance commissioner determines that an insurer's profits are excessive, the company would be entitled to a hearing. The insurer would then ... Source link

UPDATE: Elevance shares wobble on Trump administration plans, lower projections

The company's announcement comes a day after UnitedHealth Group Inc. ... insurance companies. But Monday's proposal to keep funding to Medicare ... Source link

'Simply not sustainable': Horizon BCBS to cut 242 jobs | Insurance Business

The layoffs come amid broader strain on the US health insurance sector. AM Best revised its outlook for the industry from stable to negative in August ... Source link

Insurance company files motion to dismiss Kyle Busch lawsuit over alleged scheme – WSOC TV

CHARLOTTE — NASCAR champion -- and Lincoln County resident -- Kyle Busch and his wife, Samantha, claim they lost more than $8 million in -- what they’re calling -- a life insurance scheme. They sued three defendants, including Pacific Life.“Planning for our future...

Lutsen Resort owner and alleged arsonist sues insurance company for denial of fire claim – Insurance News

DULUTH – The alleged arsonist behind the fire that destroyed the historic Lutsen Resort lodge has sued his insurance company for denying the $16.5 million claim for his property. Canadian citizen Bryce Campbell, 41, submitted an insurance claim for a total loss the day...