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News
Employee benefits fraud probe targets New York deferred comp provider
1+ day, 3+ min ago (397+ words) Albany County, New York, officials have launched a fraud investigation into a deferred compensation plan provider after hundreds of county employees found their pre-tax employee benefits cards declined - and law enforcement agencies across the state are now involved. As reported…...
No Surprises Act IDR costs top $22 billion, brokers take note
23+ hour, 58+ min ago (170+ words) For the past two renewal cycles, group benefits brokers have fielded the same uncomfortable question from clients: why did our health plan's costs jump again, when nothing about our workforce changed? A study published this week gives brokers a more…...
Prudential's $327 million IPAMC sale is a compliance event, not a retreat
13+ hour, 53+ min ago (568+ words) Foreign insurers with listed Indian AMCs face a long compliance road Insurance Business Prudential's $327 million IPAMC sale is a compliance event, not a retreat SEBI's public float rules require more tranches. The stock is up 48% since the IPO. Brokers advising…...
FWD Group H1 net profit triples as demand for retirement and wealth products drives margins
13+ hour, 54+ min ago (821+ words) Insurance Business FWD Group H1 net profit triples as demand for retirement and wealth products drives margins New business value rose 25% even as sales grew just 7%. The margin expansion tells the real story - and for international brokers distributing FWD Private, there…...
New AR network launches as independent options narrow
13+ hour, 58+ min ago (432+ words) The distinction between an AR network and a broker network probably matters more than it used to. In a broker network, each brokerage holds its own AFSL and bands together for buying power. In an AR network, brokers write under…...
Cyber cover is more accessible than brokers assume
14+ hour, 4+ min ago (502+ words) There is a version of the cyber insurance conversation that goes well and according to one of New Zealand's specialist cyber underwriters, it starts by throwing out most of what brokers think they need to know first. That is a…...
Colony alleges Accredited passed on $5 million exit before $30 million verdict
22+ hour, 58+ min ago (408+ words) A $650,000 offer. A $30 million verdict. One insurer says the other could have settled and didn't. Accredited issued both policies to Richmond, the complaint says. The primary policy carried a $2,000,000 occurrence limit and the excess policy added another $3,000,000, for $5,000,000 in total....
Hiscox says two exclusions bar coverage in foster care death case
22+ hour, 57+ min ago (364+ words) A care home resident walked out and a vehicle struck him. His insurer now says two policy exclusions cut off coverage. Hiscox Insurance Company Inc. went to federal court on August 24, 2026, asking a judge to settle a coverage fight before…...
Ironshore sues nursing home operator over alleged four-month notice delay
22+ hour, 58+ min ago (474+ words) An insurer says it was not told about an elder abuse lawsuit against its insured until a default had already been entered. Ironshore Specialty Insurance Company filed suit in federal court in Atlanta on August 24, 2026, asking a judge to declare…...
Nepal flood leaves hundreds missing and tests travel cover limits
1+ day, 1+ hour ago (448+ words) A flash flood on the Nepal-Tibet border has left at least 17 people dead and nearly 400 travellers missing, with the death toll expected to rise as rescue teams struggle to reach the worst-affected areas. Nepal Police confirmed the death toll to…...