Insurance News from January 24, 2023
National News
Q4 Net Income at Travelers Falls 39%
Travelers Cos. this morning reported fourth quarter net income of $819 million, a...
International & Reinsurance News
Jan. 1 Renewals: ‘They Got Done’; Carrier Overreliance on Reinsurers Corrected
When an AM Best analyst said, "Apparently, things didn't go that bad" to describe 1/1...
East News
J&J Subsidiary to Pay $9.75M to Settle Claims of Free Products to Induce Surgeon
A subsidiary of health care company Johnson & Johnson has agreed to pay nearly $10...
West News
Supreme Court Won’t Take up Applied Suit Against California Department of Insurance
The U.S. Supreme Court will not take up a lawsuit from Applied Underwriters Inc. over a...
Southeast News
Uncertainty Over Whether Frontline’s KBRA Rating Will Be Accepted by Freddie Mac
Frontline Insurance Co. has sparked confusion and concern from agents and insureds...
Texas / South Central News
Texas to Receive $654M in Opioid Funds From CVS, Walgreens
Texas Attorney General Paxton announced that the state is joining finalized opioid...
Midwest News
Hazing Lawsuit at Ohio’s Bowling Green Ends With $3M Settlement
The family of a student who died from alcohol poisoning while pledging a fraternity...