Insurance

Humana previews higher Medicare Advantage star ratings

October 03, 2025 Ti AI ṣe iroyin

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.

California probes Tesla insurance for unfair claims practices

October 06, 2025 Ti AI ṣe iroyin

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

October 07, 2025 Ti AI ṣe iroyin

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.

Insurers limit coverage for AI firms amid rising lawsuits

OpenAI and Anthropic are exploring the use of investor funds to cover potential multibillion-dollar lawsuit settlements, as insurers hesitate to provide full protection for AI-related risks. The companies face significant legal challenges, including copyright infringement and wrongful death claims. This development highlights the growing insurance gap for emerging AI technologies.

Fewer seniors expected to enroll in Medicare Advantage next year