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 […]

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 […]

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 […]

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, […]

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 […]

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 […]

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 […]

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 […]

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 […]

(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 […]

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 […]

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 […]

(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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

(Reuters) – Kroger Co. is investigating the issuance of a fake press release claiming acceptance of Bitcoin Cash in its stores, the grocer said on Friday, after becoming the second major retailer in recent weeks to become entangled in a cryptographic hoax. . The statement, which said the grocer would accept the cryptocurrency this holiday […]

(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 […]

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 […]

Insurance companies have become the main bidders of shares in PB Fintech, the company that operates the Policy Bazaar and Paisa Bazaar portals. ICICI Prudential Life, Max Life, Niva Bupa, Bajaj Life and HDFC Life are among the insurance companies that obtained an allocation in the anchor category before the IPO of Rs 5,600 crore […]

Karen Surca of Insurance Business Canada sat down with Jim English, Senior Technical Specialist at Economical Insurance and Marc de Bruyn, Director of Risk Services at Economical Insurance, to discuss loss prevention and the best tips to help mitigate claims on the site. When it comes to commercial construction, there is a lot to cover […]

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 […]

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 […]

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 […]

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 […]

“I am delighted with this ranking which reflects how far we have come as a company in a relatively short period of time,” commented Howard. “It wouldn’t have been possible without the brilliant people and the fantastic culture we have at Covéa, so I want to congratulate and thank everyone who helped make it happen. […]

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 […]

Facebook Inc. will pay up to $ 14.25 million to resolve a US Department of Justice lawsuit that accused the social media company of dissuading American workers from applying for certain positions in favor of foreign candidates, it said. Tuesday the ministry. Separately, the US Department of Labor said it had reached a related settlement […]

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 […]

Our goal here at Credible Operations, Inc., NMLS number 1681276, referred to as “Credible” below, 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 ours. Term life insurance and whole life insurance […]

The first big steps in the post-COVID world are imminent. “I think some of the main concerns are probably about how the assets and liabilities of our niche spaces are going to be affected in this next phase of slowing COVID impacts,” said Lyndon Turner (pictured), CEO of NM Insurance . NM Insurance operates in […]

(Reuters) – KPMG mounted a ‘falsehood’ defense when it sought to reduce a fine imposed for its conflict of interest in the sale of UK bedmaker Silentnight in 2011, the accounting watchdog said on Wednesday British. KPMG, one of the Big Four global accounting firms, found itself in a conflict of interest when it acted […]

(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 […]

George Halas is forever “Papa Bear”, the man who founded the Chicago Bears as the Decatur Staleys in 1920. Corporate teams, especially baseball, were common in the early part of the 20th century, as wealthy owners sought prestige for their businesses. AE Staley Sr. was no exception, but he also had his eye on a […]

There is nothing more exciting than new talent bringing new ideas, innovation and energetic enthusiasm to a traditional industry like insurance. This is why here is America Insurance Business, We are proud to unveil our annual Rising Stars, which celebrates 69 young professionals from across the country who have gone the extra mile for their […]

HDFC Life Insurance Company Ltd recorded 7.87 lakh share volume at 10:50 am IST on BSE, an 11.01-fold increase over the two-week average daily volume of 71,549 shares. Other stocks seeing higher volumes on BSE today, October 07, 2021 are New India Assurance Company Ltd, Alkem Laboratories Ltd, Sobha Ltd, Bandhan Bank Ltd. HDFC Life […]

New Zealand was ranked as the second riskiest country in the world in a 2018 Lloyd’s of London study, and ICNZ chief executive Tim Grafton said it was encouraging to see a high level insurance penetration across the country, but that people still underestimated the cost of replacing their assets and sustaining their income in […]

A Los Angeles state court has refused to dismiss the pandemic event cancellation litigation filed by heavy metal band Metallica despite a virus exclusion from its coverage. The California Superior Court ruled in Frantic Inc. v. Certain Underwriters at Lloyd’s and. Al. that he could not dismiss a lawsuit regarding a canceled South American tour […]

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. […]

Mumbai: The Hero group of the Munjal family plans to secure in the hinterland by relying on the notoriety of its brand, synonymous with two-wheelers. The group’s insurance brokerage arm has integrated its systems with 35 insurance companies and will sell policies and settle claims seamlessly through IT integration. Hero Insurance Broking India CEO Sanjay […]

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 […]

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 […]

For Joel Perkosky, insurance is about helping people. Perkosky launched Alpha & Omega Insurance Agency in 2019. The 33-year-old Gilbertsville resident has moved from his space at 297 Main Street, Oneonta to 490 Main Street, also in Oneonta, with a grand reopening slated for October 12. “I was at Oneonta for two years and I… […]

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 […]

Courtesy Agent 307 (aka Eric Brinkerhoff) is looking to hire an account manager for his local State Farm insurance office, which has just been voted the # 1 insurance agency for the 4th year in a row in the Casper Star-Tribune Reader’s Choice Awards! Job overview Do you have aspirations to run your own business? […]

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 […]

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, […]

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 […]

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 […]

“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 […]

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 […]

Beazley announced the appointment of Bob Quane to the position of Director of Underwriting, subject to regulatory approval. Quane will take up his duties on October 11 and will be based in New York. Quane has over 30 years of underwriting management experience. He joins Beazley from AXIS Capital, where he was CUO of the […]

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 […]

If you are not convinced that business insurance is worth it, this blog post will help you change your mind. It’s a common misconception that just because your business has been profitable in the past, you don’t need to get coverage. The reality is, you never know when an accident or disaster might strike and […]

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 […]

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 […]

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 […]

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, […]

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 […]

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 […]

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 […]

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 […]

Portland, OR, September 21, 2021 (GLOBE NEWSWIRE) – According to the report published by Allied Market Research, the business travel insurance market was estimated at $ 3.61 billion in 2020 and is expected to reach $ 20.19 billion by 2030, registering a CAGR of 19.2% from 2021 to 2030. The report provides an in-depth analysis […]

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 […]

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, […]

“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 […]

Opinions expressed by Contractor the contributors are theirs. For many people, the only type of insurance they see as crucial is health insurance, and this is due to the amount of publicity given to this type of insurance in the media and public discourse. Of course, it is also because health is something that people […]

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 […]

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, […]

“We approach this honestly, with vulnerability and with full awareness that Robert and I are not experts in this area, but we want to know more about people’s experiences, people’s opinions and what people are looking for from their leaders. , their employers and the insurance industry. This is the perspective from which we start […]

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. […]

Of course, it is not just the heavy vehicle industry that will benefit; Driver safety is a concern for any business that relies on drivers who get behind the wheel, whether they are workers in the transportation industry who drive as their primary vocation or, for example, field workers in the field. public services or […]

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 […]

“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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

“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 […]

A multitude of products and “insurtech” have made the process of purchasing a plan and settling claims easier and faster. The process of purchasing an insurance policy is unrecognizable today compared to two decades ago. Competition and a flood of products and options have combined with the growing awareness and needs of the insurer public. […]

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. […]

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 […]

The company now has over one million customers in Canada as a result of the acquisition with DAS, and has ample opportunity to grow over the next year. ARAG CEO Barbara Haynes (pictured) said Insurance company: “If you look at where the legal fees market is at this stage in Canada, it’s about $ 90 […]

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 […]

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) […]

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 […]

As a result of Aon PLC’s scuttled $ 30 billion acquisition attempt of Willis Towers Watson PLC and the associated deal to sell Willis Re to Arthur J. Gallagher & Co., it would still be “positive in the long run.” term “for Gallagher to buy the reinsurance brokerage firm, according to an analyst. A purchase […]

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 […]

Businesses that lost employees to illness or were forced by state governments to shut down for weeks or months during the COVID-19 pandemic believed their insurance payments would cushion the financial blow. But for the past year and a half, policyholders of companies and their insurers have been involved in legal battles in state courts. […]

“We are very pleased to report excellent underwriting and investing results, generating base income of US $ 879 million in the second quarter, or US $ 3.45 per diluted share, and return on equity. 13.7%, ”said Alan Schnitzer, Chairman and CEO of Travelers. “A higher underlying underwriting result and favorable net change in reserves from […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]