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Latest News in Insurance
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August 04, 2026
A construction company's insurers cannot recoup $50 million they paid to resolve a lawsuit from New York University over project damage, the Delaware Superior Court has ruled, finding New York law would not allow insurers to recover payments made under a reservation of rights when the policy didn't expressly allow it.
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August 04, 2026
New York City and EmblemHealth will pay $53 million to resolve a class action complaint covering more than 250,000 Medicare-eligible retirees who alleged the defendants illegally charged $15 copays onto their healthcare costs, according to a preliminary approval motion filed Friday in New York state court.
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August 04, 2026
A South Carolina federal judge said Monday that an insurer does not owe coverage to a nightclub facing an $18.1 million default judgment in a suit from a performer injured in a 2019 shooting, finding the underlying claim fell under an exclusion barring coverage for assault and battery.
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August 04, 2026
American Family Mutual Insurance Co. has agreed to buy specialty insurer Bowhead Specialty Holdings in an all-cash deal valuing the company at about $1.2 billion.
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August 04, 2026
A life insurer did not breach its agreements with universal life policyholders by failing to adjust insurance rates based on improved mortality expectations, a Virginia federal court ruled, finding that the insurer had the discretion to change rates but was not obligated to do so.
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