The Latest Breaking News from Insurance

California woman gets BiPAP machine from Apria Healthcare and told to pay for 10 months. In the 11th month, a new bill came: ‘Keeps me alive’

Billed to live.

We Got This Covered · Sep 5

Stayed With the Same Car Insurance Company for Years? Your Loyalty May Be Costing You

Sticking with the same car insurance company for years can feel like the financially responsible thing to do. The bills arrive, the payment goes through, and nobody has to spend a Saturday afternoon comparing deductibles, coverage limits, and enough insurance jargon to make a person question every life choice that…

Clever Dude · Sep 5

New York gallery says Alaska Airlines ruined half a million dollars in Japanese artwork: suit

Exclusive: Eleven paintings were ‘soaked and sustained significant damage’ when they were transferred between flights during a rainstorm in Honolulu, according to court filings reviewed by The Independent

The Independent UK · Sep 5

Short Circuit: An inexhaustive weekly compendium of rulings from the federal courts of appeal

Fancy timepieces, traitors, and lengthy footnotes.

Reason · Sep 4

Curb misselling, not agents: Insurance reform needs a scalpel, not a hammer

Indian insurance regulators are rethinking intermediary payment structures to reduce misselling. Proposed reforms aim to lower distribution costs and improve policyholder value. However, these changes could negatively impact individual agents who reach uninsured populations. Banks, which also engage in misselling, may be less affected by the reforms. Sharper tools like…

The Economic Times · Sep 4

Nepal floods could cost insurers over $130 mln even before death, injury claims

Nepal's recent flood may cause over 20 billion Nepali rupees in insured losses. Hydropower projects sustained the most significant damage from the devastating event. Delayed repairs could trigger business interruption payouts for postponed plant operations. Nepal's small non-life market relies on domestic and foreign reinsurers. Insurers may review Himalayan infrastructure…

The Economic Times · Sep 4

Insurer can't reject claim if alcohol habit disclosed before policy purchase: Consumer commission

A consumer commission ordered Edelweiss Tokio Life Insurance to pay over fifty lakh rupees. The company rejected a widow's claim despite disclosed alcohol consumption by her husband. Hypertension and diabetes were also noted as lifestyle diseases by the commission. The insurer was found guilty of deficiency in service for rejecting…

The Economic Times · Sep 4

Accelerant’s Take-Private Deal Raises a Bigger Question for Insurance Stocks

Accelerant Holdings shares surged 43% after strong Q2 earnings and a Thoma Bravo take-private deal at $20.25 per share, highlighting value in specialty insurance exchange models.

MarketBeat · Sep 4

‘Makes me so angry’: South Carolina mom feels ‘helpless’ after her son’s recovery is at risk. UnitedHealthcare allegedly denied coverage for his rehab

“It makes me so angry that they can control what happens.”

We Got This Covered · Sep 4

Nepal floods could cost insurers over $130 million even before death, injury claims

Nepal’s devastating floods could trigger more than 20 billion Nepali rupees ($132.3 million) in commercial insurance losses, with hydropower projects expected to account for most claims. Eleven projects in the affected region suffered damage, while insurers warn the disaster could prompt tighter coverage, higher premiums and stricter underwriting for Himalayan…

The Economic Times · Sep 4