Insurance moves at The Hanover, AXA XL, RT Specialty, BenefitMall and Allianz Commercial

State Farm, caught in the middle of conflicting demands, opted to file a federal interpleader action – a move that allows insurers to deposit funds with the court and step aside while potential beneficiaries litigate who is entitled to the money. Robbins, in turn, sued State Farm in state court, alleging breach of contract, violations…

Consumer Watchdog, a nonprofit advocacy group, has also condemned the move, calling it a violation of California’s Proposition 103, which requires that insurers fully justify any rate increase before implementation. “The public deserves transparency,” said Carmen Balber, the group’s executive director. “Refunds after the fact do little for homeowners who are already struggling.” Source link

Across the world, interest in wellness is increasing. Searches for wellness-related topics like “seasonal depression,” “meditation,” “yoga” and “oral health” have increased significantly year over year. What does this mean for employers? By shifting your employee benefits to put wellness in the center, you can increase employees’ tenure, reduce turnover and save on human capital…

“Through our partnership with the North Island Credit Union Amphitheatre, we’re shining a spotlight on those who go the extra mile and have an outsized impact on their local communities,” said Erik Thompson, VP and chief marketing officer of Mercury Insurance. “These heroes don’t do it for the recognition, which is why we want to…

The ACLI has supported a transparent, data-driven approach to RBC processes, Haughawout said, adding that the task force is well-positioned to advance this effort. She also noted that the task force’s first organization call had more than 300 participants, reflecting significant interest in its work.  Source link

Committee chair said he has no plans to reschedule the bills Source link