The Latest Breaking News from Insurance

WASHINGTON — President Joe Biden’s call for legislation that would allow regulators to claw back executive bonuses and stock sale proceeds in the lead up to the Silicon Valley Bank collapse has found a receptive audience on Capitol Hill.

Tesla's "Safety Score" helped determine which beta testers would get access to Full Self-Driving first, but it's also used for Tesla's insurance premiums.

Lawmakers from both parties are open to executive compensation clawback legislation after the failure of SVB and Signature Bank.

North Carolina’s Republican-led legislature last week approved the expansion of Medicaid to more low-income adults, leaving only 10 states that continue to reject the federal government’s incentives under the Affordable Care Act. Medicaid expansion, aimed at adults who make too much money to qualify for conventional Medicaid but not enough…

Collapse of tech sector lender will cost about $20bn in deposit insurance payouts, say US regulators

The Federal Deposit Insurance Corp. says it has agreed on the sale of troubled Silicon Valley Bank to North Carolina-based First-Citizens Bank & Trust Co. The sale involves the sale of all deposits and loans of SVB to First-Citizens

A Western Australian financial planning business has admitted three charges of dishonest conduct over false information on AMP insurance applications.

Bosses at pensions and life insurance giant Legal & General also warned that inequalities across Britain have worsened over the past year.

As New Zealand considers how to better prepare for a future affected by climate change, the insurance sector needs to be part the discussion on where and how we build our homes.

FORT LAUDERDALE, Fla. — Marne Harvich of Orange Park runs a Facebook group for Florida parents like herself who count on Medicaid as health insurance for their children. Though Harvich and her husband work, their income doesn’t cover the high cost of medical care their daughter on a ventilator requires.

Yes, there were some scary moments, it was poorly regulated and your bank failed to protect your money – but you got it back