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Latest News in Insurance
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July 30, 2026
Blackstone Inc. announced Thursday that it will acquire HSBC Bank Australia Ltd.'s AU$36 billion ($25 billion) home and personal loan portfolio, as HSBC plans to focus on its corporate and institutional banking presence in Australia and New Zealand.
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July 30, 2026
Health plans and pharmacies backed by Cigna are asking the Second Circuit to revive a proposed class action alleging Bristol-Myers Squibb Co. and its Celgene subsidiary fraudulently obtained patents, filed sham lawsuits and paid off generic-drug makers to maintain a monopoly on the blockbuster blood cancer drug Pomalyst.
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July 30, 2026
The Eighth Circuit on Thursday upheld a ruling that an insurer does not have to pay out a $4 million life insurance policy to Wells Fargo Bank NA, finding the policy taken out on the now-deceased man was void because it was obtained through a scheme meant to benefit investors.
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July 30, 2026
O'Reilly Automotive Inc. must face a former employee's lawsuit alleging he was unlawfully charged hundreds of dollars more per year for health insurance because he used tobacco, with a Missouri federal judge ruling Thursday that his claims were detailed enough to stay in court.
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July 30, 2026
A Chubb unit urged a Washington federal court to toss Costco's suit seeking coverage for a personal injury action under a home décor brand's policy, saying the retailer failed to state a claim for additional insured coverage because the underlying injuries are not related to the brand's products.
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