Property insurance contracts often contain provisions requiring insureds to “incur” costs before insurance companies issue payments. For example, “ordinance or law” provisions provide “you may use up to 25% of the limit of liability that applies . . . for …

California Insurance Commissioner Ricardo Lara issued an official notice to insurers regarding consumers who have been reporting issues obtaining auto insurance coverage. The California Department of Insurance continues to receive numerous complaints from consumers who have been having issues obtaining …

The Louisiana Department of Insurance (LDI) announced that several fire districts have received improved fire ratings between July and December 2023, which may lead to reduced fire insurance premiums for property owners in the associated area. According to LDI, fire …

This edition of International People Moves details appointments at QBE Re, Intact Financial Corp., and Hamilton Re. A summary of these new hires follows here. QBE Re Appoints Guarnori and Ahluwalia to Senior Roles QBE Re has appointed Andrew Guarnori …

Leif Assurance Names Davis Creative Marketing Director Leif Assurance, headquartered in St. Louis, Mo., named Lauren Davis creative marketing director. Davis has worked as creative marketing director at Leif Assurance’s sister companies, Powers Insurance & Risk Management and Valley Insurance …

INDIANAPOLIS (AP) – An Indianapolis-based health network has agreed to pay the government $345 million to resolve charges it defrauded Medicare by overpaying doctors who referred patients to its facilities, prosecutors said Tuesday. The agreement settles allegations that senior management …

HDI Global Insurance Company (HDI) has acquired Indiana Lumbermens Insurance Company (ILIC), a subsidiary of Pennsylvania Lumbermens Mutual Insurance Company (PLM). HDI has purchased one hundred percent (100%) of the shares of ILIC from PLM. The transaction closed on November …

Honda Motor‘s American unit is recalling 2.54 million vehicles in the United States over risks of fuel pump failure, the first recall for the issue by the Japanese automaker. Honda previously recalled 628,000 U.S. vehicles in 2021 and 136,000 in …

(Reuters) – Novo Nordisk has sued one compounding pharmacy and refiled a lawsuit against another after finding their products claiming to contain the active ingredient for its in-demand weight-loss drug Wegovy were impure, some by as much as 33%. The …

(Bloomberg) — Citgo Petroleum Corp. was awarded an insurance payment of more than $54 million for almost 1 million barrels of crude seized by the Venezuelan government. A jury in federal court in Manhattan decided late Monday that insurers must …

Rite Aid Corp. must stop using facial recognition for the next five years as part of a privacy settlement with the US Federal Trade Commission, which said the pharmacy chain misused the technology to mistakenly tag consumers as shoplifters. In …

NASHVILLE, Tenn. (AP) –Tennessee prisons are severely understaffed, with a vacancy rate at one prison of 61%, leading to unsafe conditions for both inmates and guards, a state audit of the prison system found. The audit by the state comptroller`s …