Hailey Ross

Many of the top performing large-cap insurance companies this week were managed care companies even as Congress shutdown over extending Affordable Care Act tax credits.

Sen. Josh Hawley (R-Mo.), chair of the Homeland Security and Governmental Affairs Committee, accused Allstate of

Life insurance companies' fourth-quarter 2024 results also reflected a swing back to profitability following a rough third quarter, when half of the largest life insurers reported a net loss.

Insurance carriers announced an aggregate transaction value of $21.95 billion in 2024, reflecting roughly a 44% increase from an aggregate transaction value of $15.21 billion in 2023.

The US has the largest number of life insurers on the top global 50 list ranked by life and accident & health reserves or liabilities.

In 2023, the last year for which data is currently available, property and casualty insurers spent about $57.2 million on lobbying, while health insurers spent about $49.2 million and life insurers spent approximately $31.1 million.

Annuity premiums and considerations totaled $300.67 billion in the first half of 2024, an increase of roughly $59.6 billion from $241.07 billion in the first half of 2023.

The race between the North Carolina candidates was contentious and hinged on the core issue of insurance affordability and availability of property coverage in the state.

The race between the North Carolina candidates was contentious and hinged on the core issue of insurance affordability and availability of property coverage in the state.

According to preliminary Centers for Medicare and Medicaid Services data, Humana has roughly 1.6 million or 25% of its members enrolled in plans that are rated four stars or higher for 2025 — a sharp decrease from 94% in 2024.

Concerns over the affordability and availability of property insurance, once limited to disaster-prone states like California and Florida, have now become commonplace across the US.

S&P Global Market Intelligence recently caught up with outgoing Washington Insurance Commissioner Mike Kreidler to talk about the high and low points of a career spanning over 20 years.

S&P Global Market Intelligence recently caught up with Trupanion President and incoming CEO Margi Tooth to chat about competition in the pet insurance space, the insurer's future plans and the impact of artificial intelligence.

S&P Global Market Intelligence recently caught up with Trupanion President and incoming CEO Margi Tooth to chat about competition in the pet insurance space, the insurer's future plans and the impact of artificial intelligence.

The Francis Scott Key Bridge collapsed in the early morning of March 26 after being struck by a Singapore-registered cargo ship leaving the Port of Baltimore en route to Sri Lanka.

Meanwhile, MetLife, Prudential Financial and Brighthouse Financial booked the largest year-over-year revenue gains for the fourth quarter of 2023.

The Warren Buffett-led conglomerate dropped Markel and Globe Life from its investment portfolio during the fourth quarter of 2023.

During a hearing of the US Senate Committee on Banking, Housing and Urban Affairs, senators expressed concerns over the way flood insurance is handled, the large protection gap that exists and the unaffordability of premiums.

In 2024, the life insurance industry will also have to deal with developments around the US Labor Department’s proposed fiduciary rule.

The total interest maintenance reserve liability for life sector general accounts declined to $8.84 billion as of Sept. 30 from $12.20 billion at the end of June.