Business insurance

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 […]

Business insurance

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 […]

Business insurance

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 […]

Business insurance

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, […]

Business insurance

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 […]

Business insurance

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 […]

Business insurance

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 […]

Business insurance

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 […]

Business insurance

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 â„¢ 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 […]

Business insurance

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 […]

Business insurance

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 […]

Business insurance

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 […]

Business insurance

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 […]

Business insurance

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 […]

Business insurance

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 […]

Business insurance

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 […]

Business insurance

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 […]

Business insurance

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 […]

Business insurance

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 […]

Business insurance

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 […]

Business insurance

Global Travel Insurance Market (2020 to 2030) Industry Opportunity Analysis and Forecast

DUBLIN, October 27, 2021– (COMMERCIAL THREAD)–The “Travel Insurance Market by Insurance Coverage, Distribution Channel and End User: Global Opportunity Analysis and Industry Forecast, 2020-2030” report was added to ResearchAndMarkets.com offer. The global travel insurance market size was valued at USD 15.87 billion in 2020 and is expected to reach USD 58.93 billion by 2030 with […]

Business insurance

AIG appoints new CFO as Lyon changes roles

American International Group Inc. on Monday appointed Shane Fitzsimons chief financial officer and announced that Mark Lyons, the current chief financial officer, will become global chief actuary and responsible for portfolio management for the insurer. In addition, AIG has announced that it is recruiting Insureon founder Ted Devine to lead the project to redesign its […]

Business insurance

Etihad Credit Insurance Holds Global Event on “Business Diplomacy for International Entrepreneurship” at Expo

His Excellency Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, delivering his opening address at Global Business Angel Week 2021 His Excellency Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, delivering his opening address at Global Business Angel Week 2021 Audience during World Business Angel Investors Week […]

Business insurance

NEXT Insurance Announces Availability of Integrated Insurance Solution for Small Business Software Ecosystems

NEXT Insurance, the digital insurtech company that is transforming small business insurance, announced the availability of NEXT Connect, a trusted, integrated assurance solution for small business software ecosystems in the United States. As mentioned in a statement shared with Crowdfund Insider, NEXT Connect enables small businesses to “purchase coverage quickly and affordably in a way […]

Business insurance

Revealed: main objective of insurer diversity initiatives

The most common goal of UK insurers’ equity, diversity and inclusion (EDI) programs is to improve corporate culture, according to a survey of members of the Chartered Insurance Institute (CII). The survey of 328 CII members, carried out via social networks in August, asked the question: “What is the main objective of your company’s diversity […]

Business insurance

Slemp Brant Saunders Insurance Agency offers comprehensive insurance for small businesses in Wytheville and Abingdon, VA

Slemp Brant Saunders insurance agency offers premium insurance plans for small businesses. This press release was originally issued by Release the thread Marion, Virginia – (Release the thread) – 10/18/2021 – Slemp Brant Saunders Insurance Agency is a well-established company that offers a wide range of insurance coverage options for families and businesses in Southwest […]

Business insurance

Texas vaccine mandate ban could cause uncertainty

(Reuters) – Texas Governor Greg Abbott’s ban on COVID-19 vaccine warrants will likely be replaced by the Biden administration’s plan to require injections for workers, but dueling rules could take months to be resolved in court, creating uncertainty for employers with business in the state. The Republican governor on Monday signed an executive order prohibiting […]

Business insurance

Inszone Insurance Services acquires Yuma Foothills Insurance

SACRAMENTO, Calif .– (COMMERCIAL THREAD) – Inszone Insurance Services: A growing national provider of social insurance and personal and commercial insurance, today announced the acquisition of Yuma Foothills Insurance, located in Yuma, Arizona. Yuma Foothills Insurance has been providing insurance services to businesses and residents of Yuma, AZ and surrounding areas for over 25 years. […]

Business insurance

Insurance companies scrutinize cybersecurity controls

Over the past year, there has been a substantial shift in the already difficult cyber liability market. The changes, particularly the scrutiny of supply chain coverage and systemic losses, were precipitated by the Solarwinds incident of December 2020 in which many entities, including government and corporations, have been compromised. According to Fitch Ratings, cyber liability […]

Business insurance

Recruitment agency to pay $ 3.5 million to settle EEOC lawsuit

A national recruiting agency has agreed to pay $ 3.5 million to resolve the U.S. Equal Employment Opportunity Commission systemic investigations into the hiring and placement of people assigned to its clients, said the agency announced on Friday. The EEOC said that Aerotek, based in Hanover, Md., Had failed to recruit and refused assignments, placements […]

Business insurance

Bollington Insurance becomes Gallagher

Read more: Peter Matthews of Gallagher on the “turbocharging” effect of the Bollington acquisition “Customers will continue to have the same daily contacts at Bollington, who understand their individual business and insurance needs, but will benefit from Gallagher’s global scale, expertise across 32,000 employees worldwide. , of which 5,000 are based in the UK, as […]

Business insurance

Allianz Suisse Life signs reinsurance agreement with Resolution Re

The reinsured business is a closed portfolio of run-off policies with no new business and includes 4.0 billion Swiss francs (approx. £ 3.18 billion) of total liabilities. The reinsurance transaction has been approved by the Federal Financial Market Supervisory Authority (FINMA) and covers market and insurance risks. In a press release from Resolution Life, it […]

Business insurance

Aon sues former employees who have joined his rival

Last week, Aon PLC filed a poaching complaint against four former transportation insurance executives who joined McGriff, the retail brokerage unit of Truist Insurance Holdings Inc., last year. The four employees – Josh Thompson, Daniel Johnson, Annette Nitti, Jack Cole and Holly Williams – violated clients’ post-employment restrictions in the restricted stock units they received, […]

Business insurance

Oman Insurance Company Approved for DIFC Syndicate-in-a-Box

Oman Insurance Company (OIC) and Asta, Lloyd’s principal third-party managing agent, have received approval in principle from Lloyd’s to launch Syndicate 2880 as part of the Syndicate-in-a-Box (SIAB) initiative. The syndicate will operate on the Lloyd’s platform under the Dubai International Financial Center (DIFC). The Dubai-based insurer OIC will provide leadership and monitoring capacity on […]

Business insurance

Security agencies offer advice on VPN selection

The National Security Agency and the Cybersecurity and Infrastructure Security Agency on Tuesday recommended that by choosing a virtual private network, companies avoid selecting non-standard VPN solutions, carefully read the vendor’s documentation, and verify that a product supports them. strong credentials and authentication protocols and disables weak ones. These were among the recommendations made by […]

Business insurance

Markel Corporation unveils the terms of the buyback transaction

“The subsidiaries of Markel Corporation will provide funding of up to approximately US $ 150 million to facilitate the repurchase transaction of the segregated on-sale funds accounts,” the insurance group said. “In addition, a subsidiary of Markel Corporation will provide tail risk coverage that will allow the return of approximately US $ 100 million of […]

Business insurance

Fairwinds Estate Winery Sue Insurance Company Over Deceptive Policy and Refusal to Pay | Local News

Smoke from the glass fire can be seen in this photo, one of the last taken before the tasting room at Fairwinds Estate Winery was destroyed by the fire. This photo shows the main building at Fairwinds before the Glass Fire hit. Fairwinds Estate Winery after the glass fire. The cellar tasting room was destroyed […]

Business insurance

Property insurance sales boost Mapfre’s confidence

The NON-life insurer Mapfre Insular Insurance Corp. saw growth in its property insurance business as more Filipinos insured their homes, turned into offices after the government restricted mobility. As one of the largest property insurance providers in the country, Mapfre saw its property insurance sales increase 8.47% to 350.89 million pesos in 2020 from 323.48 […]

Business insurance

Americans are the most loyal to these insurance companies

Shopping around auto insurance quote is important for drivers because many insurers charge more money to people they think aren’t likely to compare prices. New insurance options may also have become available, or a driver’s circumstances may have changed over time so that another insurer may be less expensive. While it’s usually a good idea […]

Business insurance

The regulator thwarts Asia Insurance

The regulator thwarts Asia Insurance No new customers because the survey finds insufficient liquidity The Office of the Insurance Commission (OIC) ordered Asia Insurance 1950 to temporarily stop recruiting new clients from September 23 after an investigation suggested the company did not have sufficient liquidity to settle claims and a capital ratio lower than the […]

Business insurance

CHES Special Risk Launches New Insurance Product for Cryptocurrency Exchanges

To meet the demands of the growing cryptocurrency industry, CHES Special Risk introduces a new insurance solution for the industry. Like any monetary asset, the risks of cryptocurrency must be protected. In recognition of this, CHES Special Risk worked closely with the London insurance market to develop the new product. With a capacity of US […]

Business insurance

Overview of the global specialist insurance market up to 2030

DUBLIN, September 23, 2021 / PRNewswire / – The “Specialty Insurance Market by Type, Distribution Channel and End User: Global Opportunity Analysis and Industry Forecast, 2021-2030” report was added to ResearchAndMarkets.com offer. Specialty insurance provides coverage for special, unusual and difficult insurance needs and for higher risk accounts. Events such as an unforeseen wedding postponement, […]

Business insurance

Marine insurers ready to “feel the pain” of the container crisis

Moss added that while China – where the majority of the world’s shipping containers are exported from – recovered from the initial effects of the pandemic, only a relatively small number of shipments have arrived at their legitimate destinations due to procedures. strict lockdowns in the US and EU. The “perfect storm” of the blockade […]

Business insurance

Relation Insurance Services, Inc. acquires the assets of Perry Insurance Group, Inc.

WALNUT CREEK, Calif .– (COMMERCIAL THREAD) – Relation Insurance Services, Inc. (“Relation”), one of the largest and fastest growing national insurance agencies, today announced the acquisition of the assets of Perry Insurance Group, Inc. (“Perry”), based in South Carolina. Terms of the transaction were not disclosed. Perry provides personal and business insurance solutions to clients […]

Business insurance

Aston Lark continues its wave of acquisitions with the agreement of Abbey Murphy Insurance

The purchase of Deanspoint by the Goldman Sachs-backed insurance broker, which operates as Abbey Murphy Insurance, is part of the company’s continued expansion into Ireland and the UK. Based in Longford and Mullingar, Abbey Murphy Insurance provides personal insurance and business brokerage services. Its acquisition marks Aston Lark’s second in the Midlands. Financial details of […]

Business insurance

Biden announces measures to protect workers from heat risks

The Biden administration on Monday announced strengthened and expanded measures by the Occupational Safety and Health Administration to address the risks associated with extreme heat exposure faced by workers indoors and in outside. According to a statement released by the Ministry of Labor, there has been “widespread underreporting” of heat-related injuries and deaths; 43 heat-related […]

Business insurance

Ontario Superior Court Certifies National Class Action

Toronto, ON, Sept. 20, 2021 (GLOBE NEWSWIRE) – On September 10, 2021, the Ontario Superior Court of Justice cleared a $ 300 million Canada-wide class action lawsuit against Aviva Insurance Company of Canada (“Aviva On behalf of policyholders who have suffered business interruption due to COVID-19. Each of the representative applicants Nordik Windows Inc. and […]

Business insurance

Apollo Expands Accident Insurance Treaties With New Hires

Apollo Syndicate Management has appointed Paul Sandi to lead its new accident treaty team at Syndicate 1969, subject to Lloyd’s approval. Sandi, who has nearly 20 years of industry experience, joined Apollo from Canopius, where he was responsible for the accident treaty. He oversaw the creation of a new US treaty portfolio for Canopius. Previously, […]

Business insurance

Global Business Insurance Market Size, Global Industry Trends, Share, Demand, Growth Opportunities, Industry Revenue, Future, and Business Analysis by Forecast – 2027

“A SWOT analysis of Business insurance, Professional investigation report including analysis of major global players with CAGR and stock market rising and falling. “ The “Commercial insurance marketThe research report presents a comprehensive study of the global commercial insurance market. The report includes all the major trends and technologies playing major role in the development […]

Business insurance

J ‘Something partners with Discovery Business Insurance to provide lifeline for devastated restaurant industry

Johannesburg – Mi Casa frontman J’Something says he’s devastated by the crippling food industry in South Africa. Since the nationwide lockdown was implemented in March last year, the industry has suffered tremendously, with thousands of restaurants forced to shut down permanently due to the lockdown. “The restaurant industry allowed me to go to school and […]

Business insurance

This AI stock is disrupting the insurance industry

In this episode of The five, Jason Hall, Auri Hughes and Taylor Carmichael discuss their favorite fintech stocks. Jason names small-cap company Lemonade (NYSE: LMND), which restructured financial incentives for insurance to make the experience of buying and using a policy faster and more enjoyable for customers. This is the start of this company’s adventure, […]

Business insurance

NJM Insurance Group expands in the Mid-Atlantic

West Trenton, NJ – NJM Insurance Group now offers its full line of personal and business insurance in Maryland and a full line of business insurance in Delaware. “We are delighted to bring NJM’s insurance products and nationally recognized customer satisfaction to consumers in Maryland and Delaware,” said Mitch Livingston, President and CEO of NJM. […]

Business insurance

Employers struggle to digest Biden’s proposed vaccine mandate

There are more questions than answers for employers preparing for President Joe Biden’s next term on the COVID-19 vaccine, including who will be responsible for enforcing the rules and paying the bills, according to legal experts. Mr Biden announced last week that the Occupational Safety and Health Administration will introduce an emergency standard in the […]

Business insurance

Is the insurance industry experiencing “change fatigue”?

“I think it’s a loophole to say COVID is the only reason we’ve worked differently,” Cavanaugh said. Read more: Insurers in confinement: “it will be a very difficult period” “New Zealand were really lucky with the little impact we had compared to what the rest of the world experienced with the blockages – although of […]

Business insurance

Insurance startup Marshmallow becomes Britain’s first black-owned unicorn

Marshmallow co-founders Alexander and Oliver Kent-Braham. Marshmallow LONDON – Billion dollar start-ups are no longer a rarity, with data firm CB Insights SEO more than 800 private technology companies around the world with a valuation of $ 1 billion or more. But Marshmallow, a London-based digital insurance platform, is as rare as it gets. Founded […]

Business insurance

HDFC Life acquires Exide Life Insurance in Rs 6,687 crore deal

In one of the biggest insurance contracts, private sector life insurer HDFC Life announced on Friday that it was acquiring a 100% stake in Exide Life Insurance promoted by Exide Industries for Rs 6,687 crore, in order to improve its proprietary channel. The acquisition will add approximately 40 percent to HDFC Life’s agency business and […]

Business insurance

Best comment: Hurricane Ida losses are manageable for the insurance industry

OLDWICK, New Jersey – (COMMERCIAL THREAD) – Hurricane Ida’s track and proximity to the New Orleans area could tip insured losses further towards the commercial insurance industry, news reports AM Best report. Property damage and business interruption may contribute more to overall losses than Hurricane Laura last year, which had a bigger impact on personal […]

Business insurance

Align Financial Holdings acquires NationsBuilders Insurance Services

SAN DIEGO – (COMMERCIAL THREAD) – Align Financial Holdings, LLC (“Align”), a leading underwriting authority for general agencies and specialty programs, today announced the acquisition of NationsBuilders Insurance Services, Inc. (“NBIS »), An underwriting manager specializing in risk management, expertise in underwriting and claims management for the cranes and rigging sectors, specialized transport, rental of […]

Business insurance

Manage complex business risks with CNA’s Oneworld +

CNA’s Oneworld + ® is designed to meet the commercial insurance needs of Canadian businesses with modern, competitive policy wording and built-in coverage extensions tailored to specific industry needs. It provides standard basic coverages, such as property, commercial liability, workers’ compensation and employer liability, crime, directors and officers, business income, equipment failure. , inland shipping […]

Business insurance

Cowbell Cyber ​​shakes up the sector with industry first

“The entire insurance industry is reinventing itself by embracing a digital-centric model,” said Rajeev Gupta, co-founder and CPO at Cowbell Cyber. “We are proud to be the first to open our digital pricing process to link cyber partners with digital partners and to provide instant coverage to small and medium businesses through our Cowbell Prime […]

Business insurance

Xiaomi will soon offer gold loans, credit cards and insurance products: Manu Jain

Xiaomi plans to expand its presence in the country’s credit market with the help of offers such as gold loans, credit cards. The company is also planning to introduce insurance products. Xiaomi India chief Manu Kumar Jain, in an interview with PTI, shared some details on the upcoming financial services planned by the Chinese company. […]

Business insurance

Partners & uses a familiar insurance name for a management position

Certified insurance broker Partners & today announced the appointment of Ross Dingwall (pictured) as Managing Partner (Scotland). He will report to Aaron Devitt and join the group’s management team on November 1, which the company says underscores their commitment to growing their business through talent acquisition. Dingwall joined Hiscox where he had held several positions […]

Business insurance

Health insurance company uses scans to spot members in need

UnitedHealthcare uses predictive analytics to research patients’ social determinants of health needs, then work with them to help them improve their social and health outcomes. Karen Roby of TechRepublic spoke to Rebecca Madsen, Director of Consumers for UnitedHealthcare, about how the company is using predictive analytics to improve performance. social determinants of health. The following […]

Business insurance

New York judge dismisses restaurant chain COVID-19 BI lawsuit

A New York judge has agreed to dismiss the COVID-19 business disruption litigation filed by a Dallas-based restaurant chain against a unit of Swiss Re Ltd. New York Supreme Court judge Jennifer G. Schecter sacked Consolidated Restaurant Operations Inc. v. Westport Insurance Corp. in a one-page order Wednesday. Consolidated Operations said in a complaint filed […]

Business insurance

AM Best degrades the credit ratings of Kingstone Insurance Company and Kingstone Companies, Inc.

OLDWICK, New Jersey – (COMMERCIAL THREAD) –AM Best downgraded the financial strength rating to B + (good) from B ++ (good) and the issuer’s long-term credit rating (long-term ICR) to “bbb-” (good) from “bbb” (good) of Kingstone Insurance Company (KICO) (Kingston, NY). At the same time, AM Best lowered the long-term ICR to “bb-” (Fair) […]

Business insurance

Star Entertainment loses business interruption insurance case

By Alice Uribe SYDNEY – The Sydney casino owner was unable to persuade an Australian court to support a claim on his business interruption insurance policy for losses resulting from a government-ordered shutdown in pandemic response. The federal court rejected Star Entertainment Group Ltd.’s argument. that its business interruption policy is valid because the government […]

Business insurance

21st century leadership: hear from an icon of the New Zealand life insurance industry

Ballantyne is the founder of two New Zealand life insurance companies and has been in the business for almost 40 years. Commenting on the challenges of the past 18 months, she said the COVID-19 pandemic has been difficult for all insurance companies, but said her experience of running businesses in difficult waters had certainly been […]

Business insurance

Global Marine, Airline and Transit Insurance Market Report 2021-2025: Key Business Sectors, Trends, Drivers, Challenges, Regulatory Overview and Developments – Updated with the Impact of COVID-19 – ResearchAndMarkets. com

DUBLIN – (COMMERCIAL THREAD)–The “Global Marine, Airline and Transit Insurance Market to 2025 – Key Business Sectors, Trends, Drivers, Challenges, Regulatory Overview and Developments (Updated with Impact of COVID-19)” report was added to ResearchAndMarkets.com offer. The ‘Global Marine, Aviation and Transit Insurance Market to 2025’ analysis report provides in-depth market analysis, insights, and insights into […]

Business insurance

The Role of the Depository Service Provider in Reducing Insurance Industry Expenses | Esquire Filing Solutions, LLC

In 2017, we wrote about the impact that modern deposit management services can have on the main obstacles to the profitability of insurance companies: unallocated claims settlement costs (ULAE), affected claims settlement costs (ALAE) and losses paid to claimants. Today, as the world emerges from the COVID-19 pandemic and enters an era of uncertain exposure […]

Business insurance

Australian regulator considers ‘hidden’ insurance problems

By Alice Uribe The experience of the pandemic, particularly with the issues related to business interruption insurance in Australia, has raised concerns about the quality of risk management by insurers in that country, the said. Australian Prudential Regulation Authority. Lockdowns and other restrictions associated with Covid-19 sparked a wave of potential BI claims, with many […]

Business insurance

Cedric Stephens | Value-driven auto insurance | Business

Phil Town writes for the global media company Forbes and is also a member of its financial board. This organization is an invitation-only fee-based organization for senior U.S. financial executives. In his 2018 essay, “The Important Differences Between Price and Value,” Town writes: “One of Warren Buffett’s most famous sayings (via Benjamin Graham, former economics […]

Business insurance

Christina Ozuna of EMPLOYERS appointed to California Insurance Guarantee Association Board of Governors

RENO, Nevada – (COMMERCIAL THREAD) –Employers Holdings, Inc. (the “Company”) (NYSE: EIG), The U.S. Small Business Insurance Specialist® is pleased to announce that Christina Ozuna, Vice President, Quality Assurance – Company Claims, has been appointed to the Board of Governors for the California Insurance Guarantee Association (CIGA). CIGA includes all licensed insurance companies in specified […]

Business insurance

Consumer group urges regulator to curb premium hikes

A Malaysian consumer advocacy group has called on the country’s central bank and financial regulator to help stop the rapid rise in insurance premium prices. The National Consumer Complaints Center (NCCC) recently sent a letter to Bank Negara Malaysia (BNM), alleging that insurers have raised premiums to such an extent that consumers are struggling to […]