Insurance

Federal Judge Halts Key Changes to Affordable Care Act Insurance Rules

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A federal judge in Texas has temporarily blocked certain modifications to the Affordable Care Act (ACA) that could impact insurance coverage for millions of Americans. This ruling comes as part of an ongoing legal battle surrounding health care provisions instituted by the Biden administration. In a decision issued on [insert date], U.S. District Judge [insert judge’s name] found that changes to the ACA made last year could violate federal law. The modifications included rules that would likely make it easier for individuals to enroll in health insurance plans but may also complicate the existing framework … Read more

Selective Insurance Shares Slip 2.26% in Premarket Amid Loews’ Strong Earnings and Industry Concerns

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Trenton, N.J. — Selective Insurance Group, Inc. saw its shares drop by 2.26% in early trading today, reflecting a cautious market reaction following the latest earnings results from Loews Corporation. Loews reported a net income of $391 million for the second quarter, a modest increase from $369 million during the same period last year. The earnings report from Loews highlighted a significant factor affecting investor attitudes: a charge related to mass tort reserves from CNA Financial Corporation. This announcement likely contributed to a ripple effect within the insurance sector, influencing market sentiment regarding companies such … Read more

Eleventh Circuit Rules Against MONY Life Insurance in Unjust Enrichment Case, Upholding Contractual Protections for Policyholder

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TAMPA, Fla. — In a significant ruling, the Eleventh Circuit Court of Appeals has overturned a jury verdict that favored MONY Life Insurance Co. in a case against policyholder Bernard Perez, focusing on the principle of unjust enrichment. The court concluded that insurers cannot pursue claims for unjust enrichment if an explicit insurance agreement addressing the same matter exists. The dispute originated from a disagreement between MONY and Perez regarding benefits linked to a disability insurance policy. Perez was diagnosed with squamous cell carcinoma in 2011 and began receiving income replacement disability benefits while undergoing … Read more

Jury’s Landmark Decision Slams State Farm for Bad Faith in Wrongful Death Case, Signaling End to Insurance Industry Tactics

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PALM BEACH GARDENS, Fla. — A jury in Florida ruled that State Farm Mutual Automobile Insurance Company acted in bad faith by not settling a wrongful death claim linked to a fatal car accident in 2021. The verdict came in the case of James R. Saner, II, representing the estate of Kira Lynn Saner, whose death was caused by an insured driver, Jeffrey Schnierle. The ruling underscores an increasing judicial intolerance for practices within the insurance industry that can delay justice for policyholders. The jury’s decision, reached on August 7, 2025, will likely influence how … Read more