Latest Insurance industry News

Editorial Roundup: Florida

May. 18, 2022 07:12 AM EDT

Palm Beach Post. May 11, 2022. Editorial: Lawmakers must fix housing crisis in special session Palm Beach County and many parts of Florida have become too expensive to live. It shouldn’t take skyrocketing housing and insurance costs to convince state leaders to get...

A month after Georgia tornado, some families still struggle

May. 15, 2022 00:12 AM EDT

SAVANNAH, Ga. (AP) — Nolan Driggers reached for the front door, kids in tow and his wife one step behind him. The family of four was trying to leave their home in Ellabell and hit the interstate after hearing about a tornado that touched down in Pembroke. Driggers did not realize...

4 ways to protect your small business from cyberattacks

May. 12, 2022 07:27 AM EDT

Since the beginning of the COVID-19 pandemic, small businesses have quickly adopted remote working and transitioned to new technologies, such as contactless payments and online ordering. Unfortunately, these adjustments have come with increased risks. According to a 2022 report from Barracuda, a...

NJ looks to expand abortion access

May. 11, 2022 18:18 PM EDT

TRENTON, N.J. (AP) — New Jersey would expand abortion access and require insurance companies to pay for the procedure under legislation proposed by Democratic Gov. Phil Murphy on Wednesday. Murphy vowed state agencies also won't cooperate with other states that might try to...

Man charged with killing mother at sea to inherit estate

May. 10, 2022 17:21 PM EDT

MONTPELIER, Vt. (AP) — A man found floating on a raft off the coast of New England in 2016 after his boat sank was charged in an indictment unsealed Tuesday with killing his mother at sea to inherit the family's estate. The eight-count indictment released in federal court in...

New Arizona law: insurance must cover cancer biomarker tests

May. 06, 2022 16:01 PM EDT

PHOENIX (AP) — A bill signed into law by Arizona Gov. Doug Ducey on Friday requires health insurers and the state's Medicaid plan to pay for so-called “biomarker tests” that are needed for many modern cancer treatments. The legislation's signing was hailed by the American...

India's state insurance company to list in biggest IPO

May. 04, 2022 03:04 AM EDT

NEW DELHI (AP) — A much-awaited initial public offering for India’s state-run Life Insurance Corp. began this week with retail investors allowed to subscribe for its shares starting Wednesday. The IPO, expected to raise up to $2.74 billion, is India's largest ever. Its partial...

Former state worker gets prison time for unemployment fraud

Apr. 29, 2022 11:40 AM EDT

BOSTON (AP) — A former employee of the Massachusetts agency that oversees unemployment insurance benefits has been sentenced to 3 1/2 years behind bars for using her job to fraudulently apply for federal COVID-19 relief funds through stolen identities and manipulated records. ...

Pharmacist gets 10 years for $180M health care fraud scheme

Apr. 26, 2022 17:25 PM EDT

JACKSON, Miss. (AP) — Federal prosecutors say a former Mississippi pharmacist has been sentenced to the maximum 10 years in prison for a $180 million health insurance fraud scheme involving unnecessary prescriptions for expensive pain creams and other medications. Mitchell...

DeSantis sets dates for session on property insurance

Apr. 26, 2022 17:05 PM EDT

TALLAHASSEE, Fla. (AP) — Florida Gov. Ron DeSantis announced Tuesday that lawmakers will return to the Capitol in late May for a special legislative session to address the state's rising property insurance rates. The Republican set the session for May 23 to May 27 and has tasked...