Business insurance

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 […]

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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 […]

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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. […]

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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. […]

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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 […]

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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 […]

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“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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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Applied Underwriters Set to Acquire Catlin Specialty Insurance Company

OMAHA, Neb., February 23, 2022 /PRNewswire/ — Applied Underwriters announced the acquisition of Catlin Specialty Insurance Company (rated “A+”) from the AXA XL group of companies, consolidating the company into the North American Casualty group of companies (rated “A”) in a move designed to strengthen Applied’s operational capabilities in support of its strategic partners as […]

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Kiplinger’s Personal Finances: Pandemic Travel Insurance | Economic news

The pandemic has introduced a disconcerting element of gambling into travel planning. But you can reduce the risk of losing money when your trip is canceled or delayed by purchasing travel insurance. Standard travel insurance limits have increased the appeal of a previously obscure upgrade to standard travel insurance known as “cancel for any reason” […]

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Cyber ​​captives on the rise: regulators

Captive domiciles are seeing growing interest from organizations to underwrite cyber liability business in captives amid increasingly challenging market conditions, regulators say. As cyber rates have increased and terms and conditions have become more restrictive, business insurance buyers are looking for other ways to fund cyber risk. Many pure cells and captives formed in 2021 […]

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California sets home and community standards to reduce fire risk | Economic news

SACRAMENTO, Calif. (AP) — A fire-resistant roof, at least 5 feet of defensible space around a home, a clearly defined escape route in a neighborhood, and the elimination of overgrowth in a community are some of the new statewide insurance standards to reduce the risk of fires in older homes, California officials announced Monday. “Reducing […]

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UAE insurance industry set to witness renewed growth – News

Regional insurance companies are now focusing on developing new business models and introducing innovative products The GCC insurance market is expected to grow at an annualized growth rate of 3.2% from $26.5 billion in 2021 to $31.1 billion in 2026 Published: Sun 13 Feb 2022, 13:47 The UAE insurance sector is expected to recover thanks […]

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Ontario threatens to fine and jail protesters to end mandate blockade

(Reuters) – The Canadian province of Ontario declared a state of emergency on Friday and Prime Minister Doug Ford threatened fines and jail time as authorities came under increasing pressure from states. United to end protests against the vaccine mandate that have drastically reduced trade between the two nations. The “freedom convoy” of Canadian truckers […]

Business insurance

Auto insurance outlook is good

The car insurance business in Indonesia is expected to continue to be one of the main pillars of the general insurance industry this year. According to a report by Contan. Mr. Dody Dalimunthe, Vice President for Information and Applied Technology at the Indonesian Association of General Insurance (AAUI), said that the optimism surrounding the motor […]

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Berkshire Hathaway Specialty Insurance promotes Janine McGriskin to head of UK financial institutions

BOSTON & LONDON–(BUSINESS WIRE)–Berkshire Hathaway Specialty Insurance (BHSI) today announced the appointment of Janine McGriskin as Head of Financial Institutions UK. She was previously Senior Underwriter, UK Financial Institutions, at BHSI. “Janine has been central to our success in securing a leading position in the UK executive and professional lines market. As our clients continue […]

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Mandatory for Tekun Contractors Nationwide to Have Trade Insurance, Says Minister | Money

Minister of Entrepreneurship and Cooperative Development, Tan Sri Noh Omar, in Dewan Rakyat, November 30, 2021. – Bernama pic KUALA LUMPUR, February 6 – Micro-entrepreneurs under the National Economic Fund of Entrepreneurs Group (Tekun) will be required to have a business insurance scheme to protect them from any risk. Entrepreneurship and Cooperative Development (Medac) Minister […]

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RSUI unit unhooked to cover Hurricane Harvey damage

A federal appeals court overturned a lower court ruling and ruled that a unit of RSUI Group Inc. was not obligated to pay for water damage caused by 2017 Hurricane Harvey under the terms of his policy. In 2016, Houston-based SCD Memorial Place II LLC purchased a “franchise buyout policy,” which covers significant franchises from […]

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Sacklers close to deal to increase opioid settlement in Purdue bankruptcy

(Reuters) – Members of the Sackler family, owners of Purdue Pharma LP, are nearing a deal to bolster their more than $4 billion bid to resolve sprawling opioid lawsuits after negotiating with the states that had objected to the terms of the OxyContin manufacturer’s bankruptcy reorganization, according to a court filing. Sackler family members and […]

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The German Federal Court of Justice confirms the position of insurers: business closure insurance does not cover losses related to COVID-19

On January 26, 2022 (Case No. IV ZR 144/21), the German Federal Court of Justice issued its first decision on whether a business closure related to the COVID-19 pandemic is insured under a stand-alone business closure insurance policy (“Betriebsschließungsversicherung”) maintained by a business owner. Summary Contrary to the opinion expressed by some trial and appellate […]

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Mutual facts

The concept of mutual insurance is that it is organized primarily to insure the risks of its owners at minimum cost. Thus, the mutual insurance company is a company owned, operated and controlled by its policyholders. There are no shareholders because policyholders elect the board of directors or trustees, and the board elects or appoints […]

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AM Best exits review with developing implications; Confirms StarStone Specialty Insurance Company and StarStone National Insurance Company credit ratings

OLDWICK, NJ–(BUSINESS WIRE)–AM Best was removed from review with development implications and affirmed the issuer’s financial strength rating of A- (Excellent) and the issuer’s long-term credit rating (long-term ICR) of “a-” ( Excellent) of StarStone Specialty Insurance Company and StarStone National Insurance Company (collectively Core Specialty), which are domiciled in Wilmington, DE and subsidiaries of […]

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Crop insurance payments rise sharply due to climate change

(Reuters) – Insurance payments to U.S. farmers for crops lost to droughts and floods have more than tripled in the past 25 years, according to a published Environmental Task Force analysis of federal data. Thursday. The report reinforces concerns that insuring the country’s crops will become more costly for insurance companies, farmers and taxpayers as […]

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Everest signs the UN Principles for Sustainable Insurance

HAMILTON, Bermuda–(BUSINESS WIRE)–Everest Re Group, Ltd. (“Everest”) today announced that it has become an official signatory of the United Nations Principles for Sustainable Insurance (“PSI”), a global framework for a sustainable insurance industry developed through a partnership between executive risk management and the United Nations Environment Program Finance Initiative. The company is one of 12 […]

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Defenestrated Dentists and Burning Whiskey: Insurer Reveals Weirdest Commercial Claims | Aviva

Have you ever had an accident at work that was not your fault? A dig into the records of a major insurer has revealed some of the strangest valid trade claims, including the award of a defenestrated dentist and a farm worker blown into a slurry vat. Aviva’s 325-year history of commercial insurance claims also […]

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Edmonds, a Washington woman sentenced to house arrest for setting her business on fire in an insurance fraud scheme | USAO-WDWA

Seattle – An Edmonds, Washington business owner was today sentenced in U.S. District Court in Seattle to five years probation, including one year of house arrest, for wire fraud related to the fire April 30, 2018 at his business, CJN Miniatures & Plus, a dollhouse, miniatures, collectibles, and antique shop, U.S. Attorney Nick Brown announced. […]

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Federal and state courts divided over COVID BI rulings

The federal appeals court in Atlanta issued another pro-insurer ruling in a COVID-19 business interruption case last week, while a New Mexico state court denied the motion. of an insurer seeking to dismiss another case. In the federal appeals case, the 11th United States Circuit Court of Appeals upheld a decision of the United States […]

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Mental health care provider Meru Health partners with Tech-Savvy health insurance company Evry Health to provide evidence-based mental health care

SAN MATEO, Calif., January 17, 2022 /PRNewswire/ — Meru Health, the most comprehensive mental health solution on the market with industry-leading results, and Evry Health, a modern business-to-business health insurance company, today announced that it will partner to provide Meru Health’s solution to Evry Health members in Dallas, TX departure January 2022. Meru Health’s online […]

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How to Get Insurance Reimbursement for At-Home COVID Tests at Pharmacies

On Saturday, insurance companies were due to start reimbursing home COVID-19 test kits – 8 tests per customer per month. We checked how it worked in California and New York and found that many pharmacies did not have tests in stock. The 2 stores that did the tests did not reimburse on the spot. Loading […]

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AG’s office to investigate allegations of insurance fraud at Snyder County businesses: DA

MIDDLEBURG — The state attorney general’s office has agreed to investigate insurance fraud complaints involving the owners of three Snyder County businesses with financial problems. District Attorney Michael Piecuch said Thursday that the AG’s office also accepted his dismissal of similar complaints about the former Wood-Mode Inc. The referrals were made because the AG’s office […]

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CIO Perspective: Digital transformation in the insurance industry was the problem last year – three new challenges face our digital future

The well-mapped path of ‘digital transformation’ has been accelerated over the past two years in the insurance industry, with the challenges of the pandemic triggering a much-needed digital rush. The results are clear to see. A KMPG survey found that 85% of insurance CEOs believe Covid-19 has accelerated the digitization of their operations and the […]

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Cashplus launches £ 5 / month business insurance for SMEs

Digital bank Launched through a partnership with insurtech Superscript. Image source: Rich Wagner / CEO of Cashplus. The business challenger bank Cashplus is expanding its offer to include insurance for SMEs through a partnership with British insurtech Superscript. The launch is also an expansion of the market for Cashplus third-party services, including Sage Accounting, Wix […]

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Orange County, California commercial auto insurance policy launched for restaurant owners

Cal Commercial Insurance (1-818-924-2054), a brokerage firm serving the Orange County, California area, is launching its expanded selection of commercial insurance policies for restaurants. San Clemente, United States – January 8, 2022 – Thanks to the company’s enhanced offerings, restaurateurs can now get affordable yet comprehensive commercial auto insurance for their business. These plans offer […]

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Starbucks unionized workers continue walkout on staffing and safety

(Reuters) – Baristas at a Starbucks Corp site. in Buffalo, New York, left their jobs for a second day Thursday to protest what they say are unsafe working conditions amid a further rise in COVID-19 cases. Workers left their jobs at the Elmwood Avenue site – the only union-owned Starbucks store in the United States […]

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Liability insurance rates rise more slowly: USI

Commercial property insurance markets have stabilized and commercial liability insurance rates are rising more slowly, according to USI Insurance Services Inc. The USI, based in Valhalla, New York, said on Tuesday that non-disaster real estate accounts with a good history of loss, which renewed in late 2021 to a stable level of up to 10%, […]

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It’s time to audit the company’s risk and insurance program

IT is a common good practice for businesses to start the year with a new budget, and it’s not uncommon for bonus spending to not get the prominence it deserves. By taking the time to review and verify all insurance policies underwritten by the business enterprise, savings can be made as well as improved policy […]

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Online insurance platforms will disrupt the insurance industry in 2022; here’s how

The COVID-19 pandemic has played a pivotal role in the push for digitization in the insurance industry. The world has witnessed an increased need for easy access to insurance information, products and services. With the acceleration and adoption of digital, a large number of insurance policy buyers have become familiar with finding and purchasing policies […]

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Revealed – List of America’s Insurance Billionaires

The United States is still home to the largest number of billionaires with 724, including the two richest – Elon Musk and Jeff Bezos. And although entries may be scarce, the insurance industry is still well represented. To find the wealthiest in the industry, Insurance Business combed through the Forbes Real-Time Billionaire Rankings, which tracks […]

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Business News | Stock market and stock market news | Financial news

Search for quotes, news, net asset values ​​of mutual funds Supriya lifesci INE07RO01027, SUPRIYA, 543434 RBL Bank INE976G01028, BANK RBL, 540065 Data models INE0IX101010, DATAPATTNS, 543428 ICICI Bank INE090A01021, ICICIBANK, 532174 Yes Bank INE528G01035, OUIBANQUE, 532648 Search for quotes, news, net asset values ​​of mutual funds Supriya lifesci INE07RO01027, SUPRIYA, 543434 RBL Bank INE976G01028, BANK […]

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SBG Insurance Brokers Strengthens Industry Capacity With Exchanges

Posted December 27, 2021 SBG Insurance Brokers said it is committed to building the capacity of the insurance industry through its scholarship programs. The chief executive of the company, Sammy Dalmeida, said this during his speech during the presentation of an academic excellence award in insurance at the University of Lagos. He said: “The SBG […]

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Will stop cashless facilities if grievances with insurance companies are not resolved: AHNA

Representatives of the Ahmedabad Association of Hospitals and Nursing Homes (AHNA), at a press conference in Ahmedabad on Friday, said they would stop cashless facilities at their member hospitals and nursing homes after January 15, 2022 if the association’s grievances with public sector insurance companies are not resolved by then. One of the main complaints […]

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Insurance broker Marsh increases stake in Marsh India from 49% to 92%

Global insurance broker and risk advisor Marsh said on Thursday it had increased its stake in Marsh India Insurance Brokers Pvt Ltd to 92% from 49%. Marsh India is a joint venture between Marsh International Holdings Inc and Rampart Trust, based in India. The increased investment will enable Marsh to meet the increasingly complex needs […]

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Reliance General Insurance obtains IRDAI approval to test 9 products

Reliance General Insurance Company will soon launch nine sandbox products to meet the rapidly changing needs of customers in the insurance industry. Company received sandbox approval for all nine products from Insurance Regulatory and Development Authority of India (IRDAI) in one go in 2nd cohort, 4th largest private sector general insurer said . The announcement […]

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Does your business need additional insurance for workers? from

Omaha, NE, December 19, 2021 (GLOBE NEWSWIRE) – Does your business need health insurance for workers? If you have employees, you almost certainly have them. Technically called workers’ compensation insurance and sometimes referred to as workers’ insurance or workers’ insurance, this coverage protects employees in the event of injury or illness on the job. The […]

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Digital ecosystems for insurers: there is no one size fits all

December 17, 2021Digital ecosystems dominate the headlines– as online experience worlds that provide seamless access to a diverse set of products and services, as digital integrations of providers from different industries and as real opportunities for insurers looking to expand their customer base . By 2030, digital ecosystems will represent around € 60 trillion in […]

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The HCI group will acquire an insurance business in three southeast

TAMPA, Florida, December 16, 2021 (GLOBE NEWSWIRE) – HCI Group, Inc. (NYSE: HCI), a holding company active in the areas of home insurance, IT services, reinsurance and real estate, has entered into an agreement in principle with United Insurance Holdings Corp. (NASDAQ: UIHC) to transfer all of United’s personal lines insurance business in the states […]

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The three big mistakes brokers make | Insurance business in America

1. Assuming your customer service is best in classEmployers looking for brokerage houses are similar to consumers reviewing a new doctor, buying a new car, or considering which real estate agent to use. We are trained to research prices, services and results; as such, this data should be easily accessible and provided by an independent […]

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A new way of approaching customer engagement and tailor-made solutions

Read more: Insurers are under pressure to improve customer experience Optimity CEO and Founder Jane Wang (photo) spoke to Insurance Business about what it takes to have a customer engagement engine that gives insurers the data they need to improve life, health and group insurance business . To collect the information needed to improve coverage […]

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Why your premiums are rising and other insurance trends to watch for in 2022

Yesour insurance premiums will likely increase in 2022, if they haven’t already. Amid the COVID-19 pandemic, many insurance companies experienced high claims activity. Extreme weather events, pandemic claims, civil unrest and inflationary pressures have put pressure on the profitability of insurance companies. However, experts believe insurance companies will rebound as demand increases and businesses adapt […]

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Generali joins forces to launch cyber insurance services

As a global cybersecurity provider, Accenture will provide Generali customers with cyber risk assessments and provide rapid responses to cyber incidents. It will also give Generali’s cyber insurance underwriters access to its Security Academy platform, which offers learning programs, in multiple languages, on cyber threats and how to deal with them. Vodafone Business will focus […]

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Mercury Insurance Ready To Protect California Entrepreneurs With Small Business Insurance

LOS ANGELES, December 8, 2021 / PRNewswire / – Mercury Insurance (NYSE: MCY), a regional commercial property and casualty (CMP) specialist, announced that the company offers small business insurance for California business owners, including those with retail stores, restaurants, professional services, and medical offices. The latest offering in Mercury’s CMP line is designed to provide […]

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Tips For Success As A Self Employed – And Why Buying Health Insurance Is A Must!

The Filipino star December 7, 2021 | 8h00 MANILA, Philippines – As a lot of work has gone virtual recently, many professionals have seen the benefits of a freelance career. They can choose the jobs and how much work they are willing to take on, dictate their own working hours, set their own rates, and […]

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How you can use EPF funds to pay the insurance premium

How you can use EPF funds to pay insurance premiums | Photo credit: iStock images Subscribers of the Organization of the Employee Provident Fund (EPFO) have the option of paying the insurance premium for the Life Insurance Company (LIC) policies managed by the government through their accounts Provident Fund of Employees (EPF). In order to […]

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AM Best revises outlook to positive for Texas Mutual Insurance Company

OLDWICK, New Jersey – (COMMERCIAL THREAD) –AM Best revised the outlook from stable to positive and confirmed Texas’ financial strength rating (FSR) of A (excellent) and long-term issuer credit rating (long-term ICR) of “a +” (excellent) Mutual Insurance Company (Texas Mutual) (Austin, Texas). The credit rating (ratings) reflects the strength of Texas Mutual’s balance sheet, […]

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How digital insurance policy documents can make your life easier

The insurance policy document is essential for filing a claim as it contains all the details of the insurance coverage and sets out all the benefits, conditions and exclusions, if applicable. It also contains the contact details of the insurer. The policy document is also important because it contains all the details that were agreed […]

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Pennsylvania cosmetics company sued for $ 65 million by L’Oréal says its insurance company should have warned them

A legal battle over liquid foundation makeup resulted in a lawsuit against a Pennsylvania company for $ 65 million by L’Oréal. Now this company is going after its insurers. The complicated story of the corporate intrigue comes from the voice of citizens, who reports that Process Technologies and Packaging LLC of Olyphant, Pa., was slapped […]

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Beware of fake auto insurance policies

Besides night flight operators, pollution test centers have also been found selling fake policies to obtain other vehicle papers. Most of the known insurance frauds usually involve the insurance company that is the victim of customer fraud. Telling a lie about your high blood pressure on a health insurance application form or allowing your garage […]

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Amid mass thefts in Union Square, Chinatown small business owner suffers $ 250,000 burglary

Rosita Young woke up early in the morning of November 16 with police officers at her doorstep. Someone broke into his Chinatown jewelry store on Grant Avenue at around 4:20 am and, in three minutes, had stolen $ 250,000 worth of merchandise. Thieves damaged the store’s portal, door and windows, police said. To top it […]

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Moody’s Analytics Launches Asset Liability Management Tool for Insurance Investments

LONDON–(COMMERCIAL THREAD) – Moody’s Analytics is pleased to announce the launch of Overview of RiskIntegrity ™ investments, an asset-liability management (ALM) solution for insurance companies. The new tool combines the data and modeling capabilities of Moody’s Analytics to help insurers create responsibility-aware investment portfolios and better assess their investment strategies across a range of business […]

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Jury finds major drugstore chains have helped fuel the opioid epidemic

(Reuters) – A federal jury found on Tuesday that drugstore chain operators CVS Health Corp., Walgreens Boots Alliance Inc. and Walmart Inc. had helped fuel an opioid epidemic in two Ohio counties during the first test that companies faced during the pharmaceutical crisis in the United States. . After six days of deliberation, jurors in […]

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Brokers “must do more to reduce the cost of auto insurance,” insists reform group

Insurance brokers have been urged to do more to reduce auto coverage costs. It comes after details emerged of high levels of commissions paid to brokers by insurers for auto policies. Last week, the Central Bank said brokerage commissions last year accounted for 17% of the combined value of car premiums in Ireland. He found […]

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Wollmuth Insurance wins BIG challenge | New

LEMARS — Wollmuth Insurance won a regional award for new businesses and a $ 5,000 prize on November 18 from the BIG Challenge in LeMars. Sibley’s independent insurance office was one of the five finalists for the contractor program and was recognized for its rapid expansion and status as the only Spanish-speaking agency in N’West […]

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Banks urged to promptly report cybersecurity incidents

(Reuters) – U.S. banking regulators on Thursday finalized a rule requiring banks to report any major cybersecurity incident to the government within 36 hours of discovery. Separately, the banking industry said it has completed a massive cross-industry cybersecurity exercise aimed at ensuring Wall Street knows how to respond to a ransomware attack threatening to disrupt […]

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Commercial auto insurance market reaches $ 307.10 billion

Portland, OR, November 17, 2021 (GLOBE NEWSWIRE) – According to the report published by Allied Market Research, the commercial auto insurance Marlet generated $ 128.43 billion in 2020 and is expected to reach $ 307.10 billion by 2030, with a CAGR of 9.2% from 2021 to 2030. The report provides a detailed analysis of the […]

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Insurance Co. Acuity tops work-life balance ratings. Here’s why.

Acuity was named Best Company for work-life balance the second year in a row. The insurance company was losing money and employees before Ben Salzmann became president and CEO. Salzmann and Joan Ravanelli Miller, vice president of human resources, told Insider how Acuity changed their culture. When Ben Salzmann became President and then CEO of […]

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Lawsuit against Lloyd’s for late payment may continue

A federal district court on Wednesday refused to dismiss breach of contract charges filed by a credit reporting agency against underwriters of Lloyd’s and CFC Underwriting Ltd. due to their alleged long delay in the payment of his legal fees for his management liability coverage. Based in Princeton, New Jersey, Microbilt Corp. obtained a management […]

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The premiums of the insurer Direct Line are slightly higher; drag of motor and displacement units

Nov. 9 (Reuters) – UK insurer Direct Line (DLGD.L) posted a marginal increase in quarterly gross premiums on Tuesday, aided by growth in its commercial and road services, albeit tighter regulations and sales of weaker cars weighed on its motor and travel units. Rapid vaccination campaigns and a rapid lifting of lockdowns in Britain have […]

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Ola Financial Services expands its insurance activities internationally

Ola Financial Services (OFS) – a subsidiary of Ola – is looking to expand its insurance business internationally to support the company’s mobility service with products designed for the UK, UK and UK markets. ‘Australia and New Zealand (ANZ). Ola’s parent company ANI Technologies said OFS has had a turbulent year (FY21) with the impact […]

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SEC reverses stance on social issues

(Reuters) – The United States Securities and Exchange Commission on Wednesday released new staff guidelines that could make it more difficult for companies to prevent voting on shareholder proposals on issues such as workforce diversity work or the climate during annual assemblies. The new bulletins replace Trump-era guidelines that gave companies more leeway to launch […]

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Are millennials interested in life insurance?

Read more: LIMRA investigation reveals impact of COVID-19 on life insurance in Canada and United States Michael Stocks, Vice President and Chief Correction Officer at Empire Life and presenting sponsor of the Life and Health Advisor of the Year Award at the Insurance Companies Canada Award (IBCA) told Insurance Business that before the pandemic, Millennials […]