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A Maryland couple has been sentenced to 12 and 4 years in prison, respectively, following their convictions for orchestrating a $20 million insurance fraud scheme.

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

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.

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.

The United States and the Group of Seven nations have reached an agreement to back a proposal that would exempt U.S. companies from certain elements of an existing global tax framework, according to a statement released by the G7 on Saturday.

Lloyd’s has issued a statement commending the decision to remove Section 899 from the Republican reconciliation bill—a provision that, if enacted, could have imposed significant additional taxes on the U.S. income of businesses domiciled outside the country.

Erie Insurance says it has made meaningful progress in restoring several business systems and applications, as it continues recovering from a network outage now in its 17th day.

The insurance industry should be on high alert: a notorious cybercrime group seems to have turned its attention to insurers.