Units of CVS Health Corp., Cigna Group and UnitedHealth Group Inc. charged significantly more than the national average acquisition cost for dozens of specialty generic drugs, bringing in more than $7.3 billion in excess revenue over six years, the Federal …

Property and auto insurers in South Carolina can keep non-resident adjusters on the job for at least another 90 days, until April 25, due to the continued need after Hurricane Helene, the state insurance commissioner said in a bulletin posted …

New Orleans officials projected confidence in their security plans as the city prepares to host the Super Bowl and Mardi Gras in the aftermath of a terror attack that killed 14 people on New Year’s Day and questions linger over …

As deadly wildfires continue to rage in Los Angeles, a Republican congressman from Texas says federal lawmakers will consider tying relief funding for California to policy changes in the state. “California has some disastrous policies that led to mismanagement of …

Polo Insurance Managers (PIM), the Guernsey based insurance manager business within the PoloWorks group, announced the launch of Clockwork Re – a newly established Category 4 Commercial General Reinsurer in Guernsey. Clockwork Re has been formed to access superior insurance …

Online trading firm Robinhood Markets has agreed to pay $45 million to settle U.S. Securities and Exchange Commission charges over record keeping, trade reporting and other rule violations, the regulator said on Monday. Regulators found Robinhood Securities LLC and Robinhood …

Floridians may remember the strange case of Jacksonville businessman Jose Lantigua, who faked his own death in 2013 in an attempt to collect millions of dollars in life insurance proceeds. His deeds earned him a spot on the Coalition Against …

Hot, dry winds are pummeling Los Angeles and surrounding areas of Southern California, raising wildfire risks through at least Wednesday as the region reels from blazes that have killed at least 24 people and burned neighborhoods to the ground. Tropical-storm-strength …

The European Union’s new digital chief, Henna Virkkunen, suggested the repeated damage to undersea cables in the Baltic Sea couldn’t be fully accidental, as leaders from the region prepare to gather for a NATO summit devoted to the topic. “It …

We invite ALL retail agency owners, principals, producers, CSRs — the entire agency — to participate in Insurance Journal’s annual independent insurance agency salary survey. Be a part of the industry’s favorite salary survey while learning more about agency compensation …

Families who have sued Alex Jones over his false claims about the Sandy Hook massacre have resolved their disputes on how to divide the bankrupt conspiracy theorist’s assets, clearing the way for a sale of Jones’ Infowars platform, attorneys said …

Wildfires that have ravaged swaths of Los Angeles could result in losses of as much as $30 billion for the insurance industry as the blazes rage on almost a week after they ignited. The new estimates from Wells Fargo & …

Russian insurance company Ingosstrakh said on Friday [Jan. 10] that U.S. sanctions against it would increase the risk of environmental disasters. The Biden administration on Friday imposed its broadest package of sanctions yet targeting Russia’s oil and gas revenues in …

Russia has formed a new government commission to coordinate clean up of the biggest spill of oil products in the Black Sea in recent history as the Kremlin continues to assess the full scale of the catastrophe. Two tankers carrying …

Vermont Mutual, headquartered in Montpelier, Vermont, named company president Mark J. McDonnell as chief executive officer. McDonnell first joined Vermont Mutual as senior vice president in 2014. He was named executive vice president and chief operating officer (COO) in 2015 …

As more policyholders with Florida’s Citizens Property Insurance are statutorily required to purchase flood insurance, another insurance rate-quoting service has gotten in on the act. Officials with HoneyQuote.com announced Monday that the firm has started offering flood insurance quotes from …

Navion insurance Associates Inc. has acquired Pegasus Capital & Insurance Services Inc. in California. Pegasus Capital & Insurance Services is an insurance agency that specializes in serving the commercial insurance needs of its clients. Navion Insurance Associates is based in …

Workers in U.S. chicken and pork plants face higher risks than other manufacturing workers for musculoskeletal disorders such as carpal tunnel syndrome, according to two studies the U.S. Department of Agriculture issued on Friday. The findings highlight health concerns for …

New York Gov. Kathy Hochul last Thursday said she will push for new laws to make it harder for hedge funds to purchase large numbers of single-family homes in the state. In a statement, Hochul said she would propose legislation …

An oil tanker sailing under the Panamanian flag that ran out of power in the Baltic Sea last week has been towed to safety off the German island of Ruegen, authorities said. The Eventin, carrying nearly 100,000 tons of oil, …