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Latest News in Insurance
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June 12, 2026
Geico broke free of a bad faith and breach of contract suit that accused it of failing to settle a catastrophic-injury claim against an insured that resulted in a $2.8 million judgment, after a North Carolina federal judge backed a magistrate judge's finding that the suit failed to state a claim.
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June 12, 2026
The Texas Supreme Court on Friday agreed to hear an appeal from Exxon Mobil Corp. seeking to force an AIG unit to pay $25 million of a $35 million settlement arising from a deadly 2013 explosion at Exxon's refinery in Beaumont.
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June 12, 2026
Two classes of AmTrust investors have inked a $19 million deal with the insurance company in a suit alleging that AmTrust made a series of misstatements about its finances dating back to 2012, which required the insurer to restate its financials and ultimately sank the company's stock.
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June 12, 2026
A Washington acupuncture clinic and doctor accused of submitting fraudulent bills for medical services may proceed with their counterclaims against Aetna for unfair trade practices under the state's Consumer Protection Act, a federal court ruled.
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June 12, 2026
Car-sharing company Turo and a surplus insurer have agreed to drop a lawsuit alleging Geico illegally denied coverage to policyholders involved in accidents while renting vehicles, leading to $6 million in unnecessary payments.
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