South Africa’s largest property and casualty insurer will pay as much as one billion rand ($60 million) in relief to clients with business-interruption cover hit financially by the coronavirus pandemic. Santam Ltd. will begin making relief payments next week, mainly …
A Kentucky teen and The Washington Post have settled a lawsuit over the newspaper’s coverage of his encounter with a Native American man at the Lincoln Memorial in Washington last year. The teen’s lawyers said on social media Friday that …
The workers’ compensation line is unlikely to generate a profit this year and may not recover in 2021, an insurance industry economist said during a webcast Thursday. Steven N. Weisbart, senior vice president and chief economist for the Insurance Information …
U.S. President Donald Trump on Friday signed four executive orders aimed at lowering the prices Americans pay for prescription drugs, as he faces an uphill re-election battle and criticism over his handling of the coronavirus pandemic. Trump has previously proposed …
Indivior Plc has agreed to pay $600 million and have a subsidiary plead guilty to a felony charge to resolve U.S. allegations that it engaged in an illegal scheme to boost prescriptions of its opioid addiction treatment Suboxone. The U.S. …
A federal appellate court has cleared the way for a class-action lawsuit to proceed against State Farm Fire and Casualty Insurance Co. that may force the insurer to correct underpayments paid to some 65,000 policyholders. A 6th Circuit Court of …
Hurricane Hanna pummeled the south Texas coast on Saturday night with howling winds and a surging sea that threatened a broad area already contending with an intense spike in coronavirus deaths. Hanna is the first hurricane for the 2020 Atlantic …
The Wyoming Department of Insurance announced the resolution of a matter against Farmers Insurance Exchange that resulted in monetary penalties against the carrier. The department entered an order approving a settlement with Farmers Insurance Exchange which included a civil penalty …
Tesla, which has been testing an insurance product for its drivers in California, is preparing to build an insurer, one CEO Elon Musk says will be “revolutionary.” And he’s inviting actuaries to join his cause. “I would love to have …
USG Insurance Services, Inc., a national wholesaler and MGA, is has expanded its operations into Alpharetta, Ga., with the launch of a new satellite office and the hire of Bob Reardon, branch manager, and Michelle Reardon, vice president producer/broker. Bob …
