Business insurance

PG&E officials reach $117 million settlement for California wildfires

(Reuters) – A $117 million settlement has been reached with former PG&E Corp executives and directors. who were charged in a lax public service safety oversight lawsuit ahead of the 2017 North Bay and 2018 Camp fires, two of California’s most destructive wildfires. . The settlement was announced Thursday by the PG&E Fire Victim Trust, […]

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Des Moines-based EMC Insurance Co. announces planned job cuts of 65 jobs

EMC Insurance Cos. will cut some jobs next year by shutting down a line of business. The Des Moines-based insurer said in a press release on Tuesday that executives had decided to exit the reinsurance business, costing 65 workers their jobs. The company declined to say how many of those positions were in central Iowa, […]

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Piramal and Zurich Insurance jointly tender for Reliance General Insurance

The Piramal Group and Zurich Insurance, which had filed separate bids for the general insurance business of the bankrupt Reliance Capital, have decided to form a joint venture to bid on Reliance General Insurance Company (RGIC). Piramal and Zurich will each own 50% of the proposed special purpose vehicle (SPV). The SPV would make […]

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Unifying provisions in the insurance contract of the civil code 2015 | Denton

In an insurance relationship, the insurance contract is one of the most important documents, stipulating the agreement between the parties such as the insurance premium, the amount of compensation, the settlement of disputes… The more detailed the contract, the more transparent and tight the insurance. relationship will be, thus helping to protect the interests of […]

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Sebi Keeps Digit Insurance IPO “On Hold”; no explanation of the action

India’s market regulator has suspended an initial public offering by Digit Insurance, according to a document posted on its website. The Securities and Exchange Board (SEBI) said the company‘s IPO was “pending,” but offered no further explanation for the action. Reuters reported last month that the company, backed by Canadian billionaire […]

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SPONSORED – Rising Insurance Premiums: What Multifamily Investors Should Know

Whether you’re just beginning your multifamily investment real estate journey or you’re a seasoned professional with many units in your portfolio, operating costs are an area of ​​constant focus. Rising operating costs have a very different impact on returns depending on property size, age and location. Operational expenses are generally grouped into two categories: non-variable […]

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Small businesses are increasingly the target of cyberattacks: report

Ransomware requests and claims for all cyber incidents plummeted in the first half of this year, but small businesses have increasingly become targets, managing general agent Coalition Inc. said in an update on Wednesday. of its 2022 Cyber ​​Claims Report. In an analysis of claims data from its 160,000 policyholders, the San Francisco-based Coalition said […]

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Telemetry Transforms Auto Insurance | TrendsCD

Car insurance might not seem like a fertile business for digital innovation, but when you pair it with a sensor that plugs into vehicle diagnostics, it can be a game-changer. This is the approach adopted by the Australian startup KOBA Insurancewhich entered the market in February this year with its flagship product, a “pay as […]

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Governor Mills: Maintaining Health Insurance Costs for Small Businesses in Maine

Hello, this is Governor Janet Mills, and thank you for listening. You know, from my very first day in office when I signed the executive order expanding MaineCare as the people of Maine voted over 60%, my administration has also worked to make health insurance more affordable for the people of Maine. We restored programs […]

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California Aims to Reduce Fire Insurance Costs for Homeowners | Economic news

SACRAMENTO, Calif. (AP) — California on Wednesday decided to become the first state to lower insurance costs for homeowners who make improvements to reduce their risk of fire, the state’s insurance commissioner said. forest fires have broken out again through the heat struck state. But pending regulations still allow insurers to drop homeowners insurance altogether […]

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Ageas partners with eBaoTech to realize its digital platforms strategy

SINGAPORE, September 6, 2022 /PRNewswire/ — eBaoTech Corporation (eBaoTech), a global provider of digital solutions for the insurance industry, is pleased to announce that Ageas Group (Ageas) has selected eBaoTech’s solution EnsureMO® platform for its digital transformation as part of the Group’s Impact24 strategy to explore and invest in new growth drivers, adding new capabilities […]

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Increase in ATM thefts. 5 ways financial institutions and their insurers can protect these critical assets: risk and insurance

Threat actors aren’t just in it for the money these days; they want the whole ATM instead. It’s a modern visit to Bonnie and Clyde. There was a 10% increase in ATM thefts last year, compared to 2020, the FBI’s 2021 Banking Crime Statistics revealed. A mix of factors contributed to this rise, including the […]

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AM Best confirms credit ratings of Macau Insurance Company Limited

HONG KONG–(BUSINESS WIRE)–AM Best affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Macau Insurance Company Limited (MIC) (Macau). The outlook for these Credit Ratings (ratings) is stable. The ratings reflect the strength of MIC’s balance sheet, which AM Best assesses as very strong, as well […]

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AM Best Places credit ratings being reviewed with negative implications for Rockingham Insurance Company and its affiliates

OLDWICK, NJ–(BUSINESS WIRE)–AM Best placed under review with negative implications the financial strength rating of A (Excellent) and the long-term credit ratings of “a” (Excellent) of Rockingham Insurance Company and its affiliates: Rockingham Casualty Company and Rockingham Specialty, Inc. All Companies are domiciled in Harrisonburg, VA and are collectively referred to as the Rockingham Group […]

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NLRB defends employees’ right to wear union badges

The National Labor Relations Board on Monday overturned a Trump administration ruling and ruled that the employer’s attempts to impose restrictions on the display of union badges by employees, including wearing union attire. , are “presumed to be illegal, in the absence of special circumstances”. The NLRB said in a statement that its 3-2 decision […]

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Zurich, Allianz, Kemper, Allstate – InsuranceNewsNet

New Jersey, United States — (SBWIRE) — 08/27/2022 — The latest published study of the global boat insurance market by WADA Research assesses market size, trend and forecast till 2027. Boat Insurance market research covers important research data and evidence to be a handy resource document for managers, analysts, industry experts and other key people […]

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Insurance claims rise, priority given to those with ‘uninhabitable’ homes

The country’s biggest insurer says it has had nearly 1,500 claims stemming from floods and landslides in Nelson, Tasman and Marlborough. As of 8 a.m. Friday, IAG’s insurance operations, which include State, NZI and AMI, had received 1,151 homes, 150 contents, 67 vehicles, 99 business insurance and one boat claim. “We are still awaiting further […]

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General Insurance PSU wage hike issue: Government to notify unions today

With wage review talks between general public sector unions and reinsurance companies, the General Insurers’ (Public Sector) Association of India (GIPSA) seems to have launched a googly at the unions. In a communication to the unions, GIPSA, the lobbying body for the four public sector general insurers, said: “The pay review will be based on […]

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Second Quarter Commercial Insurance Premium Increase – CMM & More Latest News Here

Increase in commercial insurance premiums in the second quarter CMM Second Quarter Commercial Insurance Premium Increase – CMM & Latest News I tried to give all kinds of news to y’all latest news today 2022 through this site and you will like all this news very much because all the news that we always give […]

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Does insurance cover hitting a deer?

Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are our own. You might be wondering, “Does insurance cover […]

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Rising star Dean Sandonato details his rise in the industry and the biggest challenges facing the education sector: Risk and insurance

Power Broker and Rising Star Dean Sandonato brings a passion for education to his role helping higher education clients overcome the barriers posed by COVID-19. Come see the stars! As part of our ongoing coverage of the best brokers in the business of commercial insurance, Risk & Insurance®with the sponsorship of Philadelphia Insuranceexpands its coverage […]

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Prosper Insurance – The Virginia Pilot

Medium-sized companies, ranked #8 At Prosper Insurance Co., “everyone deserves to prosper.” This principle and commitment to its customers and employees has helped Virginia Beach Independent Insurance Company rank among the best places to work in Hampton Roads for the past five years. Growth and earnings remain stable at Prosper despite the effects of post-COVID […]

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Five Chinese state-owned companies under US scrutiny will pull out of the New York Stock Exchange

SHANGHAI/HONG KONG/NEW YORK, Aug 12 (Reuters) – Five U.S.-listed Chinese state-owned companies whose audits are being scrutinized by the U.S. securities regulator said on Friday they would voluntarily withdraw from the New York stock exchange. Oil giant Sinopec (600028.SS) and China Life Insurance (601628.SS), Aluminum Corporation of China (Chalco) (601600.SS), PetroChina (601857.SS) and a separate […]

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Walgreens prescriptions added to San Francisco’s opioid epidemic: judge

(Reuters) – Walgreens Boots Alliance Inc. contributed to San Francisco’s opioid epidemic through its sale of prescription drugs in the city, a federal judge ruled on Wednesday. U.S. District Judge Charles Breyer in San Francisco said Walgreens failed to properly investigate suspicious opioid orders for nearly 15 years. The amount the pharmacy chain has to […]

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TREAN INSURANCE GROUP, INC. – 10-Q – Management report and analysis of the financial situation and operating results

The following discussion and analysis of financial condition and results of operations for the three and six months ended June 30, 2022 is qualified by reference to and should be read in conjunction with the accompanying unaudited condensed consolidated financial statements and the related notes included herein and the audited consolidated financial statements and notes […]

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Mitsui Sumitomo Insurance to buy US reinsurance broker for $400 million

TOKYO — Mitsui Sumitomo Insurance Company, a subsidiary of Japan’s MS&AD Insurance Group Holdings, is to spend about $400 million to buy U.S. reinsurance broker Transverse, the Nikkei business daily reported on Sunday. The Japanese property insurer aims to build expertise in reinsurance brokerage, which could help expand an insurance market specializing in areas such […]

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CopperPoint Insurance Companies Appoints John Carey Chief Underwriting Officer

PHOENIX, August 3, 2022 /PRNewswire/ — CopperPoint Insurance Companies, a Western-based regional super commercial insurance company, announced today that John Carey will join CopperPoint on August 29, 2022 as Chief Underwriting Officer, reporting to the CEO. Prior to this appointment, Carey was Chief Underwriting Officer for Zurich Asia Pacific where he managed a portfolio of […]

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Aon settles with a glassmaker following a tornado

Aon PLC has settled a lawsuit over a tornado loss suffered by Pilkington North America Inc. in which a policy provision capped the glassmaker’s coverage at $15 million, a fraction of the damage estimate. According to Aon’s 10Q, filed Friday with the U.S. Securities and Exchange Commission, Pilkington claimed between $45 million and $85 million […]

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SME Insurance Market 2022-2028 – InsuranceNewsNet

New JerseyNew Jersey — (SBWIRE) — 07/30/2022 – Latest research study published by HTF MI “Global SME Insurance Market” with 100+ pages analysis on the business strategy adopted by key and emerging players in the industry and provides know-how on the current development of the market, landscape, technologies, drivers, opportunities, view and status of the […]

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The Gokongwei family invests in a new life insurance company

IC Chief Dennis Funa The Gokongwei family and two major partners engaged in a health maintenance organization (HMO) have invested a total of 2 billion pesos in capital to form the country’s newest life insurer, the Insurance Commission (IC) said Thursday. ). In a statement, Insurance Commissioner Dennis Funa said he approved Maxicare Life Insurance […]

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Teva Reaches Proposed Opioid Lawsuit Settlement

(Reuters) – Teva Pharmaceutical Industries on Tuesday announced a proposed nationwide settlement that could resolve thousands of lawsuits over the drugmaker’s alleged role in the United States’ opioid epidemic. The proposal asks Teva to pay state and local governments up to $3.7 billion in cash over 13 years, plus a $1.2 billion contribution in naloxone, […]

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FINEOS and New York Life Group Benefit Solutions Release Digital Transformation Case Study – InsuranceNewsNet

Developing an End-to-End, Future-Ready SaaS Core System Is Revolutionizing the Benefits Industry ATLANTE–(BUSINESS WIRE)–The FINEOS Company (ASX: FCL), a leading global provider of end-to-end SaaS core systems, in partnership with New York Life Group Benefit Solutions1 (Group Benefit Solutions), today released a case study detailing how the companies merged their vision to create a modern […]

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Ship insurers navigate the unknown with Ukrainian grain risks

(Reuters) – A number of insurers are keen to cover grain shipments from Ukraine after a deal is struck to reopen Black Sea ports, although first shipments are expected to be weeks away, officials said. Friday from industry sources. Russia and Ukraine signed a historic agreement on Friday to reopen ports to grain exports, raising […]

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Inflation is Small Business Owners’ Biggest Concern – Forbes Advisor

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. Rising costs have been a major concern for Americans. Inflation for all items (including food and energy) rose 8.6% from May 2021 to May 2022 – the biggest 12-month increase since the […]

Business insurance

MetLife, Liberty Mutual, Allianz – InsuranceNewsNet

New Jersey, United States — (SBWIRE) — 07/16/2022 — The latest published study of the global mobile home insurance market by WADA Research assesses market size, trend and forecast till 2027. Mobile home insurance market research covers important research data and evidence to be a handy resource document for managers, analysts, industry experts and other […]

Business insurance

Allianz, AXA, MetLife – InsuranceNewsNet

New JerseyNew Jersey — (SBWIRE) — 07/15/2022 – Latest research study published by HTF MI “Global Commercial Property Insurance Market” with 100+ pages analysis on business strategy adopted by key and emerging players in the industry and provides know-how on current development market outlook, landscape, technologies, drivers, opportunities, market insight and status. Understanding the segments […]

Business insurance

PSLBW Guest Speaker Addresses Florida Property Insurance Market – InsuranceNewsNet

PORT ST. LUCY – The state of Florida is in the midst of a home insurance crisis. All over the treasure coastresidents were shocked by the stickers after receiving their home insurance bills, reflecting a 10-50% increase in their premiums. Port St. Lucie Business Women member Kathy’s postCEO and owner of insurance post in Saint […]

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NLGIC, insurance subsidiary of Ominvest, partners with RSA ME to launch a new group

Oman – Following the signing of a sale and purchase agreement and a share exchange agreement in April 2022, and after obtaining the relevant regulatory and shareholder approvals, National Life & General Insurance Company SAOG (NLGIC), a flagship insurance subsidiary of Oman International Development and investment company SAOG (OMINVEST) has completed the strategic transaction which […]

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JAB’s Pinnacle Pet Group expands with acquisition of Veterfina’s European pet insurance business

AMSTERDAM & LUXEMBOURG–(BUSINESS WIRE)–JAB Holding Company (“JAB”) is pleased to announce the signing of a definitive agreement whereby Pinnacle Pet Group (“PPG”) will acquire 100% of the shares of Veterfina Verzekeringsmaatschappij NV and its European subsidiaries (” Veterfina”), one of the largest and fastest growing pet insurance companies, headquartered in the Netherlands. The transaction is […]

Business insurance

Companies buy kidnapping insurance for senior executives

Some companies, including multinationals in Nigeria, take out kidnapping insurance for their senior executives, BusinessDay has learned. This is in response to the growing insecurity across the country, where many people have been kidnapped by bandits demanding payment of a ransom in millions of naira. According to the SBM Intelligence report, an average of 13 […]

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U.S. Property Reinsurance Renewals Show Strong Increases: Gallagher Re

According to a report released Friday by Gallagher Re, the reinsurance business of Arthur J. Gallagher & Co. Reinsurance renewals in the United States nationwide have seen rate increases ranging from 5% to 15% for no-loss accounts to 20% to 40% for catastrophe-exposed and loss-affected accounts. In Florida, increases started at 5% to 15% for […]

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Flightmare: Thousands of flights canceled, delayed, do you need insurance?

Citigroup airline analyst Stephen Trent assesses the industry after United cut flights to Newark by 12% and a pilot shortage looms on ‘The Claman Countdown’. Flight disruptions have become the new norm this season as the airline industry faces several headwinds, most notably, ongoing staff shortages as well as weather and air traffic control constraints. […]

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Surety bond policy model sought to get insurers out of limbo

The Ministry of Road Transport and Highways has asked IRDAI to develop a model bond product in consultation with general insurers, so that the new line of business can start. Rules and regulations for surety bonds, as prepared by the Indian government and IRDAI, have already been in place since April 1, it said. The […]

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Business Clinic: What insurance is necessary to contract?

Whether you have a legal, tax, insurance, management or land problem, The Farmers’ Weekly Business Clinic experts can help. Here, Tim Slinger, Associate Director at A-Plan Rural Insurance, looks at what you need to consider in terms of insurance when you start contracting work. See also: How to Reduce the Risk of Crop Farm Fire […]

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Consumers accept telematics option to lower car insurance premiums: TransUnion

Consumers are increasingly accepting telematics options to lower their auto insurance premiums, TransUnion said. (iStock) As the cost of auto insurance rises and consumers look for ways to cut their monthly expenses, more drivers are turning to a safe driving discount option to help lower their premiums, data shows. recent. A new report from TransUnion […]

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Amber Group Secures Global Insurance Coverage for Digital Assets

This is part of Amber Group’s establishment of a comprehensive global insurance plan that totals over $100 million in coverage, which is expected to increase as the company expands its asset management business. Amber Group has obtained comprehensive global insurance coverage protecting the digital assets held in its wallet infrastructure on behalf of its clients. […]

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IRDAI plans to link insurance fraud to individuals’ credit score

Illustration: Binay Sinha Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. […]

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2022 Title Insurance Survey/Financial Overview | Arent Fox Schiff

[*] As a reference for professionals in the real estate industry using title insurance, below is a comparison and limited analysis of certain aspects of the annual financial statements of a representative sample of active title insurance companies. The discussion focuses on one factor that parties may consider in determining whether, and to what extent, […]

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Canara Bank and HSBC see growth potential in life insurance joint venture

While state-owned Punjab National Bank (PNB) is in the process of selling its stake in Canara HSBC Oriental Bank of Commerce Life Insurance for regulatory reasons, the remaining shareholders Canara Bank and HSBC India do not plan to sell their stake for the moment. , as both entities expect the life insurance joint venture (JV) […]

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The Valley family fights against an insurance company and wins

Kessler Schutt is not your typical 11 year old girl. She is a self-taught artist who paints. Sometimes it’s fruits and vegetables. “Vegetables and fruits are important to me,” she said, “so I wanted to honor them.” Other times it is an abstract piece. The one she likes to show off is a canvas in […]

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Allianz PNB optimistic about insurance growth

MANILA, Philippines — Allianz PNB Life is optimistic that the insurance market will continue to grow this year after its strong performance over the past two years. In an interview with The STAR, Allianz PNB Life President and CEO Alexander Grenz said that one of the positive results of the pandemic is that people have […]

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Convenience store theft not covered by owner’s commercial insurance – Daily – Insurance News

Convenience store theft not covered by owner’s commercial insurance June 10, 2022 A convenience store owner who suffered theft when an employee stole money and content will only have a portion of their losses covered after losing litigation over company pack claims. The theft happened on August 23 last year, when a casual worker stole […]

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House passes bill to expand treatment providers to federal workers

The U.S. House of Representatives on Tuesday passed a bipartisan bill that would expand health care provider options for injured federal workers. The House voted 325-83 to send HR 6087 to the Senate. The bill would expand the roles of nurse practitioners and physician assistants who treat workers covered by the Federal Employees Compensation Act. […]

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Geojit suggests buying this insurance stock for gains of 25%, GPI rose to Rs 1,442 Cr, proposed dividend for gains of 25%, GPI rose to Rs 1,442 Cr, proposed dividend

Improved GPI, healthy growth of Premium accounts In Q4FY22, HDFC Life Gross Premium Income (GPI) increased by 17.6% QoQ and 11.7% YoY to Rs. 1,442cr, (vs. 11.1% sector growth) mainly driven by growth in renewal premium (+15.6% YoY, +32.4% QoQ to Rs. 734cr) and first year premium (+7.8% YoY, + 21.7% QoQ at Rs. 257cr), […]

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AM Best Places Credit Ratings by Hotai Insurance Co., Ltd. under review with negative implications

HONG KONG–(BUSINESS WIRE)–AM Best placed under review with negative implications the financial strength rating of A (Excellent) and the issuer’s long-term credit rating of “a” (Excellent) of Hotai Insurance Co., Ltd. (Hotai Insurance) (Taiwan), given the company’s exposure to potentially large claims related to pandemic insurance policies amid the deteriorating COVID-19 situation in Taiwan, and […]

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Global travel insurance industry to 2030

DUBLIN, May 30, 2022 /PRNewswire/ — The “Travel Insurance Market by Type of Coverage, Distribution Channel, and End User: Global Opportunity Analysis and Industry Forecast, 2021-2030” report has been added to from ResearchAndMarkets.com offer. The size of the global travel insurance market has been valued at $12.38 billion in 2020, and should reach $119.31 billion […]

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GIC Re plans to expand its GIFT City office

State-owned reinsurer General Insurance Corporation of India (GIC) plans to turn its GIFT City office into a subsidiary, which will make it a reporting hub for international business and will also conduct direct insurance business from there in foreign territories. “GIFT City gives us the advantage of also doing direct insurance. We may consider turning […]

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Hiscox leverages CoreLogic geocoding technology to assess insurance risk

IRVINE, Calif.–(BUSINESS WIRE)–CoreLogic, a leading global provider of real estate data and analytics solutions, announced that global insurance company Hiscox London Market has adopted the company’s PxPoint™ technology delivered through its RiskMeter™ platform as its primary source geocoding. RiskMeter enables Hiscox to derive additional insights from real estate risk data when underwriting insurance policies using […]

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Compensation insurers challenge physician dispensation policy

A group of Florida workers’ compensation insurers are challenging the legitimacy of a state policy they say requires them to authorize doctors and other providers to dispense medication to injured workers. Insurers said in a challenge filed last week with the Administrative Hearing Division that the Workers’ Compensation Division is enforcing a two-year-old unadopted rule. […]

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Aioi Nissay Dowa Insurance New Zealand Deploys Guidewire InsuranceSuite on Guidewire Cloud for Business Growth

AUCKLAND, New Zealand and SAN MATEO, Calif.–(BUSINESS WIRE)–Aioi Nissay Dowa Management New Zealand (NZ) and Guidewire (NYSE: GWRE) announced that Aioi Nissay Dowa Management NZ has successfully deployed InsuranceSuite on Guidewire Cloud to power its core operations, simplify IT, respond to changing market conditions and provide more value for agents, brokers and policyholders. The company […]

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Insurance sector: new risk capital regime from 1 July

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) will issue a risk-based capital regime from July 1, 2022, which will help every insurance company determine the minimum capital required based on the risks they face. The SECP also released a new regulatory framework for the registration of digital-only insurers and dedicated microinsurers to allow […]

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Insurance, Reinsurance and Insurance Brokerage Worldwide

New York, May 20, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the “Insurance, Reinsurance And Insurance Brokerage Global Market Report 2022” – https://www.reportlinker.com/p06277920/?utm_source=GNW pA and Japan Post Group. The global insurance, reinsurance and insurance brokerage market is expected to grow from $6,254.86 billion in 2021 to $6,905.65 billion in 2022 at a compound […]

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Life Insurance: Housewives must have temporary cover of at least Rs 20-50 lakh

In India, the breadwinner usually purchases life insurance cover for themselves. Most housewives are uninsured. However, things are starting to change now. A recent online survey of 5,000 respondents conducted by Policybazaar in April 2022 found that approximately 15% of active policies are independent term plans aimed at housewives. Independent term plans targeting housewives […]

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Health insurance coverage on the rise in India but not yet strong, says NFHS

Just over two-fifths, or 41%, of households in India have at least one person covered by a health insurance or health scheme, according to the National Family Health Survey-5 (NFHS-5) recently published. The fifth edition of the survey, whose data covers 2019-21, shows a significant improvement in health insurance coverage in the country although […]

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The largest insurance companies in the world in 2022

Insurance companies have been shielded from most of the market downturn this year. Getty IInvestors looking for advantages during the market downturn need look no further than insurance companies. The S&P Insurance Select Industry Index has lost just 2% this year, outperforming a 16% drop for the S&P 500. It’s thanks to rising rates that […]

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Bankrupt insurance companies leave Louisiana families scrambling ahead of hurricane season

Hurricane season is approaching, but some people in Louisiana are still battling their insurance companies for payments after last season Hurricane season is approaching, but some people in Louisiana are still battling their insurance companies for payments after last season. Four named hurricanes in two years — and one deadly tornado — have strained Louisiana’s […]

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Inflation also has an impact on car insurance prices

Inflation has weighed on many aspects of life in the United States recently, with major auto insurance companies now calling for rate increases this year. Inflation also has an impact on car insurance prices Auto insurance premiums have already increased from 5% to 15%, an increase of approximately $16.55 per year or $138 per month. […]

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EasyCompare offers exciting incentives for lifestyle customers to buy car insurance

BANGKOK, May 6, 2022 /PRNewswire/ — A leading digital auto insurance broker, EasyCompare in Thailand offers lifestyle rewards worth up to THB 9,390 to motorists who purchase or renew car insurance with them. The Named Rewards Program EasyRewards is aimed at attracting new business as well as retaining existing customers, and the bangkok broker based […]

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Different Types of Property Insurance One Can Use -Vivek Chaturvedi

Every year we hear devastating news of floods, cyclones and other natural disasters wreaking havoc in different parts of India. It not only creates a state of panic among people, but also causes serious damage to properties and impacts human lives. In May 2021, the damage caused by Cyclone Tauktae in Gujarat was assessed at […]

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Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) Brief Interest Update

Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY – Get a rating) benefited from a significant drop in short-term interest rates in April. As of April 15, there was short interest totaling 42,900 shares, down 75.9% from the March 31 total of 177,700 shares. Based on an average trading volume of 1,248,800 shares, the […]

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HDFC Life Stock Price: Buy HDFC Life Insurance Company, Target Price Rs 756 : ICICI Securities

ICICI Securities has bought a call option on HDFC Life Insurance Company with a target price of Rs 756. The current market price of HDFC Life Insurance Company is Rs 583.9. The period given by the analyst is one year when the price of HDFC Life Insurance Company Ltd. can achieve the set goal. HDFC […]

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Overview of insurance and reinsurance markets in Japan

All the questions Year in Review On May 19, 2021, due to the effects of the covid-19 pandemic, an amendment to the banking law was adopted, and the law on insurance companies was also amended. Here are some of the main points of the amendments: contributions to regional revitalization will be added to the activities […]

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Money and the Law: Limits Vary by Car Rental Reimbursement Insurance | Business

From practicing law, I’ve learned that it’s usually better to have good insurance than to have a good lawyer (although it’s better to have both because you might need a lawyer to fight your insurance company). Anyway, today’s topic is all about insurance, specifically vehicle rental reimbursement insurance. This insurance will cover (in whole or […]

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Brokerage president finds success in ‘leadership, empathy and execution’

McIntosh is also president of Liberty’s MGA, AURA Risk Management Insurance Services, which develops, builds and manages programs that support Liberty’s customers on an exclusive basis and builds programs and wholesale distribution for select outside broker partners. McIntosh has extensive property and casualty experience and over 10 years of experience in workers’ compensation underwriting, as […]

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Foxquilt Launches E-Commerce Insurance Product to Support Modern Small Business Owners

Insurtech Platform Evolves Coverage Offerings to Meet Businesses Where They Are Today TORONTO, April 19, 2022 /PRNewswire/ – Today, fox quilt, a leading North American insurtech focused on providing small businesses with insurance products tailored to their needs, announced the launch of a new e-commerce insurance product. Business owners will be able to get coverage […]

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Q&A: Michael Conway, Colorado Division Insurance Commissioner | Business

Just days after the most destructive wildfire in Colorado’s history, Colorado Division Insurance Commissioner Michael Conway called a virtual town hall for the hundreds of victims who lost their homes in the county. from Boulder. The Marshall Fire burned more than 6,000 acres between Louisville and Superior on December 30, destroying nearly 1,100 homes and […]

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US says hackers have shown ability to hijack critical infrastructure

(Reuters) – Advanced hackers have shown they can take control of an array of devices that help run power plants and manufacturing plants, the U.S. government said in an alert on Wednesday, warning the potential for cyber spies to harm critical infrastructure. The U.S. Cybersecurity and Infrastructure Security Agency and other government agencies released a […]

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Students participate in the Spencer-RIMS Risk Management Challenge

Students from eight university risk management teams will compete in San Francisco for the top honor in the 2022 Spencer-RIMS Risk Management Challenge. The winning team will be announced at a Spencer Educational Foundation Inc. reception on Tuesday at the Risk and Insurance Management Society Inc.’s Riskworld conference. The eight finalists will pitch their strategies […]

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Tata AIA Life Insurance partners with Joint Service Centers

Tata AIA Life Insurance said on Saturday it had linked up with joint service centers which will provide access to around 95% of gram panchayats in the country. As part of its efforts to provide much needed life insurance protection cover to rural households and protect their loved ones from life’s uncertainties, […]

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Insurtech Weekly News Roundup: April 08

AM Best Digitization and technology investments are the biggest challenges in modernizing distribution and growing sales, according to more than half of respondents to a recent AM Best survey of P&C insurers. According to the survey, 56% of respondents see digitalization and technology investments as major barriers to retail overhaul. An additional 36% said improving […]

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AM Best Webinar: Six Essential Ways to Turn Insurance into a Partner for Life

OLDWICK, NJ–(BUSINESS WIRE)–AM Best will host a free webinar titled “Six Essential Ways to Transform an Insurance Business into a Partner for Life”, sponsored by Zelros, on April 26, 2022 at 1:00 p.m. EDT. Customer churn and loss of loyalty cost insurers more than $470 billion worldwide, largely due to poor customer experience. Join a […]

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5 Ways to Avoid Being a Victim of General Insurance Fraud

General insurance fraud is an illegal act committed by the buyer or seller of a general insurance contract. For example, a seller may sell policies from a non-existent company, which is tantamount to exploiting an insurance contract. It is important for policyholders to be aware of the various tactics used by fraudsters to defraud unsuspecting […]

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Younger generations and careers in insurance: a perfect match

There was a time when the choice of a career in insurance was most often considered only by people who were already retired, by employees looking for a casual job, by housewives wishing to raise their husband’s earnings or by new graduates waiting for job offers. Back then, when given the choice between being a […]

Business insurance

Government puts Oriental Insurance’s solvency ratio at a dismal 0.69

The government estimated the solvency ratio of state-owned Oriental Insurance Company at a much worse figure of 0.69 for the year ended March 31, 2021, than analysts had expected at 0.92, according to the figures. documents filed with the National Stock Exchange (NSE). The number was reported in a recapitalization notice, sent […]

Business insurance

ARTIVATIC.AI: Rid the insurance journey of its pain

Bengaluru-based InsureTech uses AI, ML and deep learning to create smart products and solutions for finance, healthcare and insurance businesses Modern technology solves many of the traditional problems of buying and selling insurance. A prime example is Artivatic.AI, a Bengaluru-based startup that uses technology to build smart apps and solutions, especially in the InsurTech space. […]

Business insurance

Brooklyn Nets and fired team members settle discrimination lawsuit

A discrimination lawsuit brought against the Brooklyn Nets basketball team by two former team members has been settled for an undisclosed amount. Edward Bolden Jr. and Juwan Williams sued the NBA team in U.S. District Court in Brooklyn in November, according to the lawsuit in Edward Bolden, Jr. and Juwan Williams vs. Brooklyn Nets, LLC. […]

Business insurance

Women need term insurance, add critical illness coverage: experts

One in three policies are sold to a woman in India, a recent Ecowrap report from the State Bank of India reveals. But according to PolicyBazaar, the trend seen on its platform is that women make up only about 15% of buyers of term insurance policies. Most insurance experts agree that women […]

Business insurance

Report on Integrated Insurance Markets and Investment Opportunities in Africa and the Middle East, Q1 2022 Edition – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Business and Investment Opportunities in Integrated Insurance in Africa and the Middle East – Q1 2022 Update” report has been added to from ResearchAndMarkets.com offer. The Africa and Middle East integrated insurance industry in the region is expected to grow by 40.2% on a yearly basis to reach US$2,329.0 million in 2022. The […]

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Virginia Beach Insurance Agency Appoints New Chief Financial Officer

House People Virginia Beach Insurance Agency Appoints New Chief Financial Officer Shawn McArdle joins Choice Financial Group from Arthur J. Gallagher & Co. Posted March 18, 2022 by Catherine Schulte Shawn McArdle is the new chief financial officer of Choice Financial Group, the Virginia Beach-based insurance agency announced Wednesday. “Shawn’s ability to provide financial leadership […]

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Delaware Supreme Court rules for AIG and Axa in D&O case

On Wednesday, the Delaware Supreme Court unanimously upheld a lower court ruling and ruled that units of American International Group Inc. and Axa SA were not obligated to indemnify a company for solar power in connection with litigation with directors and officers in connection with their coverage of claims. Shareholders of Tempe, Ariz.-based First Solar […]

Business insurance

“Acquiring Exide Life will help us grow our business in Tier II and Tier III cities”

“Even today, our protection prices are well below those in markets with longer life expectancies,” the CFO said. HDFC Life Insurance hopes to obtain various regulatory approvals for its merger with Exide Life Insurance during this calendar year, said CFO Niraj Shah. In an interview with Mithun Dasgupta, Shah said, through this acquisition, the insurer […]

Business insurance

NEXT Insurance Appoints Insurance Veteran Jennifer Lawrence as First General Counsel – InsuranceNewsNet

PALO ALTO, Calif., March 9, 2022 /PRNewswire/ — NEXT Insurancea leading digital insurtech company transforming small business insurance, today announced the appointment of Jennifer Lawrence as the company’s first general counsel. In this role, Lawrence will leverage his unique experience in both the public and private sectors to help NEXT effectively manage risk as the […]

Business insurance

How to File a Commercial Insurance Claim • Benzinga

Did you know that most of our readers choose The Hartford for their business and commercial insurance needs?? Filing a commercial insurance claim can be overwhelming. First, you have to deal with the incident happening while managing an intense claims process. If something were to happen to your business, it’s important to consider all of […]

Business insurance

Best Market Segment Outlook: AM Best Maintains Stable Outlook in the Philippine Non-Life Insurance Segment

SINGAPORE–(BUSINESS WIRE)–AM Best maintains a stable market segment outlook for the Philippine non-life insurance segment, citing signs of recovery in 2021 regarding premium growth and improving investment conditions. In his news Best Market Segment Report“Market Segment Outlook: Philippines Non-Life Insurance”, AM Best also notes strong growth in microinsurance, improving affordability of insurance products and insurance […]

Business insurance

Marine insurers expand high-risk zone as Ukraine conflict escalates

(Reuters) – London’s marine insurance market has widened the area of ​​waters around the Black Sea and the Sea of ​​Azov that it deems high risk as the Russian invasion of Ukraine drags on. intensifies and the dangers to merchant shipping increase. The insurance industry’s Joint War Committee said in a notice dated March 7 […]

Business insurance

Ukraine crisis puts Sunak under new pressure to end National Insurance hike | Taxes and expenses

Chancellor Rishi Sunak is coming under renewed pressure from MPs and business groups to rethink plans to boost National Insurance next month amid growing fears that Ukraine’s invasion of Ukraine Russia significantly aggravates the cost of living crisis and plunges the economy into “stagflation”. Tory and Labor MPs believe Sunak can still be persuaded to […]

Business insurance

China asks public insurers to review their exposure to Russia and Ukraine

(Reuters) – China has asked major state insurers to carry out urgent checks on their exposure to Russia and Ukraine amid concerns over damage to both economies amid intense fighting, according to two sources and documents seen by Reuters. The move was also prompted by sweeping sanctions imposed by many countries on Russia, the sources […]

Business insurance

Cyber ​​Market Hardening Needs More Data: Panelists

NEW YORK – More data is critical to maintaining cyberinsurance market capacity, panelists said Tuesday at the Professional Liability Underwriting Society Cyber ​​Symposium. In a cybermarket where capacity has contracted, steep price increases continue and terms and conditions tighten, data is king, panelists said. Insurers are asking additional questions about the security controls that companies […]

Business insurance

General Liability Insurance Launches New Online No-Fee Small Business Insurance Quote Tool

Small business owners can get a quote in less than 20 seconds with the new quote system NEW YORK, NY/ACCESSWIRE/March 1, 2022/ General Liability Insurance is pleased to announce the launch of a free, easy-to-use tool that will provide small business insurance quotes online in less than 20 seconds. To learn about the new tool […]

Business insurance

Optum Rx will pay $5.8 million for failing to follow underwriting procedures

The Massachusetts Attorney General’s Office announced that the pharmacy’s benefits manager, Optum Rx, agreed to pay $5.8 million to settle a claim that it failed to follow drug pricing procedures. on workers compensation order. However, Optum did not admit to any of the wrongdoings alleged in the settlement filed Wednesday. “The settlement, filed in Suffolk […]