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Latest News in Insurance
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July 29, 2026
A federal grand jury is investigating the bankrupt summer camp operator SIMAD Holdings, its controlling shareholders and related entities, and the company has received a demand to produce documents as part of the probe, according to a notice filed with the Tel Aviv Stock Exchange.
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July 29, 2026
Blue Cross Blue Shield of Michigan will have to face a lawsuit from a west Michigan convenience store chain alleging that the healthcare insurer mismanaged its self-funded employee health plan in violation of the Employee Retirement Income Security Act after a Michigan federal judge denied BCBSM's request to dismiss the case.
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July 29, 2026
The owner of an agricultural management company said liability insurers owed more than $10 million in damages for what he and the company paid toward an arbitration award in a dispute alleging a pay-to-play kickback scheme, saying the insurers improperly applied exclusions and appointed ill-prepared counsel.
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July 29, 2026
A semiconductor manufacturer is not entitled to additional coverage for losses it incurred after a hydrogen chloride gas leak at one of its facilities, a Texas appellate court ruled, saying the company failed to show it suffered damages that exceeded its policies' deductible and were unrelated to excluded corrosion.
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July 29, 2026
An insurance company urged a Virginia federal judge to rule that it doesn't have to cover a $10 million award won by a former Society for Human Resources Management employee who sued the association for race bias, arguing the applicable policy doesn't cover punitive damages based on deliberate actions.
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