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ASIC confirms investigation into collapsed Sphere Insurance Group
4+ day, 55+ min ago (374+ words) "ASIC can confirm that it has commenced an investigation and has engaged with the liquidator in connection with that investigation," an ASIC spokesperson told Insurance Business. Read next: ASIC issues warning to AFS licensees ASIC declined to say whether it…...
AXA and BytePlus sign strategic MOU Pioneering AI-Driven Transformation across insurance value chain
4+ day, 5+ hour ago (382+ words) Thailand Business News AXA and BytePlus sign strategic MOU Pioneering AI-Driven Transformation across insurance value chain Partnership focuses on co-innovating industry-specific solutions, enhancing customer intelligence, and accelerating operational innovation HONG KONG, Sept. 10, 2026 /PRNewswire/ — AXA Hong Kong and Macau ("AXA") announced…...
LA County Probing Farmers Insurance Over Wildfire Survivor Claims
4+ day, 6+ hour ago (470+ words) LOS ANGELES (CNS) - Los Angeles County is investigating Farmers Insurance Company's handling of insurance claims filed by policy holders affected by the January 2025 Eaton and Palisades Fires, officials announced Unfair Competition Law and ``follows growing complaints from residents about delays,…...
Deals: Aon Agrees to Buy USI From KKR
1+ week, 6+ day ago (241+ words) Some details on the latest acquisition from Aon for you; Aon plc (NYSE: AON), a leading global professional services firm, today announced the signing of a definitive agreement to acquire USI from KKR and other shareholders for a total purchase…...
NSW workers compensation premium model faces first review in a decade
2+ week, 57+ min ago (411+ words) Brokers have a formal seat in deciding how New South Wales workers compensation premiums are calculated from 2028, after the state government opened consultation on the first comprehensive review of icare's nominal insurer premium model in more than a decade. Read…...
Insurance claims begin to be filed following storm
2+ week, 6+ day ago (58+ words) Inbox.lv Insurance claims begin to be filed following storm Insurers could obtain more accurate loss estimates in the next two to three days. "It's too early to talk about the total amounts, but the amounts will be large. They…...
Guardian approaches 80% settlement rate on Melissa claims
3+ week, 2+ day ago (275+ words) Jamaica Gleaner Regional insurance provider Guardian Holdings Ltd has settled more than 70 per cent of insurance claims arising from Hurricane Melissa, Group CEO Ian Chinapoo said last Friday. “So, as of June, we were in the region of 70 per cent....
Sun Life expands AI advisor tools
3+ week, 4+ day ago (602+ words) Sun Life is expanding its AI tools for financial advisors, building on last year's Notes Assistant launch with a newly introduced AI-powered advisor concierge. Notes Assistant, which securely summarizes client meetings, compiles action items and drafts follow-up emails, recently won…...
California Court Rules Policyholders Can Sue Excess Insurers Before Lower Coverage Exhausted
3+ week, 6+ day ago (304+ words) California’s Supreme Court issued a significant ruling clarifying when policyholders may pursue legal claims against excess insurers before the underlying layers of coverage have been fully exhausted. The case arose from a business dispute between the cofounders of Fox Paine…...
Insurance agent sentenced for falsifying federal crop insurance application
4+ week, 1+ day ago (331+ words) A Slocomb man has been sentenced to federal prison after pleading guilty in April to charges of providing false information in connection with a federal crop insurance application, said U.S. Attorney Thomas Govan this week. Jonathan Lawrence Eubanks, 46, is sentenced to…...