Health Insurance Lingo

Marsh USA has filed a lawsuit against competitor Alliant Insurance Services, accusing the firm of unlawfully poaching critical commercial surety staff and clients.

New York City Mayor Eric Adams has enacted a new law that reduces the mandatory auto liability insurance coverage for for-hire vehicles.

Kraft Heinz is recalling approximately 367,812 pounds of its Oscar Mayer turkey bacon over concerns the product may be contaminated with Listeria bacteria, according to a statement from the U.S. food safety regulator on Wednesday.

Robust returns in the reinsurance sector are drawing in fresh capital, resulting in more favorable pricing for buyers. However, brokers’ renewal reports note that underwriting discipline remains firmly in place.

Zurich Insurance Group AG has announced its acquisition of BOXX Insurance Inc., a Canadian company specializing in cyber risk management, marking the Swiss insurer’s latest strategic move to strengthen its presence in the insurtech space.

The adoption of artificial intelligence in insurance is less a sprint to the finish than a scramble to reach the starting line, experts say.

Nationwide announced the successful completion of its $1.25 billion acquisition of Allstate’s Group Health business segment. The deal was initially announced in January.

Philadelphia Insurance announced that its operations have been fully restored after experiencing a network outage.

Hiscox, the Bermuda-based global specialist insurer, has introduced a new API-driven Cargo solution, designed to underwrite small cargo and stock throughput risks through its network of broker partners.