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State Farm Mutual Automobile Insurance Co. is facing a lawsuit that claims the company misled customers and unfairly profited by selling insurance products from PHL Variable Insurance Co.—a firm regulators say is grappling with a staggering $2.2 billion capital deficit. The alleged shortfall reportedly resulted in policyholders receiving payouts far below what they were originally promised, raising serious questions about transparency, accountability, and who ultimately pays the price.
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John Neal won’t even get to start at AIG—his tenure ended before it ever began.
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According to PwC, more than half of insurance executives believe that generative and agentic AI will be the industry’s most powerful game-changing investments over the next three years.
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Breaking political lines, two U.S. Congressmen — one Democrat from Louisiana and one Republican from Mississippi — are joining forces to bring the National Flood Insurance Program (NFIP) back to life.
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American International Group is making a bold move — the insurance giant has struck a definitive deal to acquire the renewal rights to Everest Group’s $2 billion retail commercial business.
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In Florida, at least six property insurers are taking their fight with public adjusters to a new level — adding policy endorsements that all but tell homeowners: don’t hire them.
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For the second year in a row, Brightway Insurance in Ponte Vedra Beach, Florida, has earned a spot as a finalist on Insurance Journal’s Best Agencies to Work For – Southeast list.
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For decades, insurers have leaned on spreadsheets and aging legacy systems to handle one of their most vital tasks: pricing. But as market forces evolve and competitive pressures mount, those once-trusted tools are proving obsolete.
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The U.S. Securities and Exchange Commission alleges that a firm which scooped up struggling retail names like RadioShack and Pier 1 Imports—touting lofty e-commerce ambitions and outsized investor returns—was in fact running a Ponzi-style scheme.
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China’s massive electric-vehicle insurance market is reeling, with losses mounting as insurers’ risk models struggle to keep pace with shifting vehicle economics and changing driver habits.
State Farm Mutual Automobile Insurance Co. is facing a lawsuit that claims the company misled customers and unfairly profited by selling insurance products from PHL Variable Insurance Co.—a firm regulators say is grappling with a staggering $2.2 billion capital deficit. The alleged shortfall reportedly resulted in policyholders receiving payouts far below what they were originally promised, raising serious questions about transparency, accountability, and who ultimately pays the price.
