Archive: November 2025

AM Best Downgrades State Farm Mutual Auto
Insurance Journal | November 19, 2025
AM Best Downgrades State Farm Mutual Auto
AM Best has downgraded the financial strength ratings of State Farm Mutual Automobile Insurance Company and its affiliates to A+ from A++, reflecting a revision to Best’s assessment of the group’s operating performance. The affiliates included in the rating action …
Former Florida Broker and Texas Man Convicted in ACA Scheme That Paid $180M
Insurance Journal | November 19, 2025
Former Florida Broker and Texas Man Convicted in ACA Scheme That Paid $180M
A federal jury in south Florida this week convicted a formerly licensed insurance broker and the head of a marketing firm for their roles in a years-long scheme to fraudulently enroll homeless people in Affordable Care Act insurance plans. Cory …
HP Seeking $1.8 Billion From Mike Lynch’s Estate After UK Autonomy Lawsuit
Insurance Journal | November 19, 2025
HP Seeking $1.8 Billion From Mike Lynch’s Estate After UK Autonomy Lawsuit
Hewlett Packard Enterprise is seeking nearly $1.8 billion from the estate of the late Mike Lynch over HP’s acquisition of his British tech firm Autonomy, the U.S. technology giant’s lawyers told London’s High Court on Tuesday. Hewlett Packard is seeking …