Insurance
Chubb edits diversity pages on website, citing focus on meritocracy
Petra Hartmann Image generated by AI Fact checked
Chubb has edited and, in some cases, removed webpages describing diversity and racial-justice initiatives. A company spokesperson told The Daily Wire the updates were made to better reflect a merit-based culture.
Financial advice complaints rise 45% amid funeral policy issues
Complaints to South Africa's Financial Advisory and Intermediary Services Ombud surged 45% in 2024/25, reaching 15,404 cases, with long-term insurance like funeral policies dominating. The office awarded R31.748-million in compensation while improving case resolution times. Advocate John Simpson highlighted growing consumer awareness as a key driver.
California probes Tesla insurance for unfair claims practices
Reported by AI
The California Department of Insurance has launched an investigation into Tesla's insurance unit for alleged unfair practices that have harmed policyholders. The probe accuses the company of delays in claims processing and unreasonable denials. Potential fines could reach millions due to thousands of violations since 2019.
California targets Tesla insurance with enforcement actions
Reported by AI
California's insurance regulator has launched enforcement actions against Tesla Insurance and its former underwriter for repeated failures in handling policyholder claims. The companies face potential license suspension, revocation, and hefty fines if they do not resolve outstanding issues. Complaints have surged since 2022, highlighting delays, denials, and staffing shortages.
Swedish consumer agency criticizes If's ad for misleading message
Sweden's Consumer Agency has criticized insurer If for an ad campaign implying that home insurance covers lost digital information, which it does not. The ads, visible on posters in Stockholm's subway, contrast everyday solutions like backup hard drives against If's claimed substantial help. If defends itself by stating the ad targets a corporate data breach insurance.
Tesla seeks to expand insurance to Florida after years of stasis
Reported by AI
Tesla has filed to update its insurance program for Florida, marking a potential first expansion in over three years. The move comes after a failed attempt in 2022 and aims to bring the in-house coverage to the state. Currently available in 12 states, the program uses a Safety Score to adjust rates based on driving behavior.
Humana previews higher Medicare Advantage star ratings
Reported by AI
Health insurer Humana has provided an early look at its Medicare Advantage plan ratings, projecting an average of 4.38 stars for 2025. The company anticipates improved reimbursements as a result. Shares in Humana rose nearly 9% following the announcement.
Heirs Insurance Group announces essay competition winners
Heirs Insurance Group has revealed the winners of its essay competition. The announcement highlights the company's engagement in educational initiatives.