Potential UAW strike presents a near-term headwind for auto insurers – JPM
By Reshma Rockie George (Reuters) – J.P.Morgan on Thursday said supply chain disruptions from a potential United Auto Workers (UAW) union strike would cut new vehicle production, drive up used car prices…
Former Chiropractor Sentenced to Nearly Six Years in Federal Prison for Fraudulently Submitting $2.2 Million in Billings to Health Insurers
SANTA ANA, California – A former Orange County chiropractor was sentenced today to 70 months in federal prison for stealing from health insurers by fraudulently causing the submission of $2.2 million…
Global insurers plan to ramp up private equity investments
(Reuters) – Insurers want to put more money into private equity this year as they contend with rising inflation and its effects on monetary policy, a survey by Goldman Sachs Asset Management…
Analysis-Cyber insurers face hefty Ukraine war-related claims, despite fine print
By Carolyn Cohn and Noor Zainab Hussain LONDON – Insurers face potential multi-billion dollar claims for cyber attacks related to Russia’s invasion of Ukraine, despite policy wording designed to get them off…
Generali investor proposes naming insurer’s Austria chief as CEO
By Stefano Bernabei ROME – A leading Generali shareholder on Tuesday proposed naming the Italian insurer’s head of Austria as its new chief executive, in a challenge to the reappointment of Philippe…
Irish insurers’ group offers to open up data platform in EU antitrust case
By Foo Yun Chee BRUSSELS – Irish insurers’ association Insurance Ireland has offered to open up its data sharing platform to non-members and apply fair criteria to access it in an attempt…
China urges banks, insurers to support affordable rental housing
BEIJING – China’s banking and insurance regulator has issued guidelines urging banks and insurers to support the development of affordable rental housing, as Beijing vows to keep the property market stable. The…
German storms cause insurers losses of $1.6 billion
BERLIN – German insurers will have to pay around 1.4 billion euros ($1.57 billion) for nearly a million property units damaged in winter storms that swept across large parts of the country…
Former West Hollywood Doctor and Company Associated with 1-800-GET-THIN Guilty of Massive Fraud Against Health Insurers
LOS ANGELES – A former doctor and his company were found guilty today by a federal jury of scheming to defraud private insurance companies and the Tricare health care program for…
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