Business insurance

E-commerce pioneer InsurTech Setoo merges with Pattern Insurance Services, creating a global leader in integrated insurance

PALO ALTO, Calif .– (COMMERCIAL THREAD) – Pioneer of on-board insurance, Setoo today announced the signing of a merger agreement with Pattern, an insurance start-up exiting stealth mode. The joint venture will operate across Europe and the United States under the name Pattern. Pattern will help businesses generate new revenue streams and increase customer satisfaction […]

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Healthcare company resolves EEOC racial harassment charges

Health services and products company Cardinal Health Inc. will contribute $ 1.45 million to resolve racial harassment and retaliation charges filed by the U.S. Equal Employment Opportunity Commission, the United States Equal Employment Opportunity Commission announced on Friday. ‘agency. The EEOC said African-American employees at the company were subjected to “continuous and unwelcome” harassment. The […]

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President signs ordinance to promote competition in the U.S. economy

(Reuters) – President Joe Biden on Friday signed an executive order to promote greater competition in the U.S. economy, urging agencies to crack down on anti-competitive practices in industries ranging from agriculture to drugs and work. If fully implemented, this effort will help lower Americans’ internet costs, enable reimbursement of airline baggage fees for delayed […]

FPG Insurance launches SIMONE, a new business tool for insurance agents – Manila bulletin
Business insurance

FPG Insurance launches SIMONE, a new business tool for insurance agents – Manila bulletin

Technology / New technics / FPG Insurance launches SIMONE, a new business tool for insurance agents FPG Insurance launches SIMONE, a new business tool for insurance agents FPG Insurance, a major player in the non-life insurance industry, is unveiling the future of non-life insurance sales and service with its brand new business solution for non-life […]

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Banking giant hit by heavy penalty for insurance failures

The Financial Conduct Authority (FCA) today fined LBGI (Lloyds Bank General Insurance Limited, St Andrew’s Insurance Plc, Lloyds Bank Insurance Services Limited and Halifax General Insurance Services Limited) over £ 90million. The fine of £ 90,688,400 was imposed for LBGI’s failure to ensure that the language of millions of home insurance renewal communications was ‘clear, […]

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Oklahoma City Ballet sues insurance company over denied COVID-19 claim

OKLAHOMA CITY (KFOR) – The Oklahoma City Ballet is suing its insurance company after the company denied its insurance claim during the pandemic, even though the ballet has a policy of lost business revenue through the company. “They couldn’t put on their performances, couldn’t have their youth programs or whatever,” said Michael Burrage, attorney for […]

Best’s Insurance Law Podcast Explains How New Technologies Are Changing Marine Claims
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Best’s Insurance Law Podcast Explains How New Technologies Are Changing Marine Claims

OLDWICK, New Jersey – (COMMERCIAL THREAD) –AM Best and Best’s Insurance professional resources to have released the latest installment of the Best’s Insurance Law podcast series, which examines current insurance issues from a legal perspective. This episode examines the impact of the latest technologies on the different types of maritime claims, in particular: total claim, […]

Business insurance

FCA launches a severe reminder to general insurance intermediaries

The Financial Conduct Authority (FCA), which has identified common shortcomings with money agreements from clients of general insurance intermediaries, reminds companies of their obligations and the consequences of their non-compliance. “Companies holding customer money are required to ensure they understand the associated regulatory requirements,” the regulator wrote in a new “Dear CEO” letter to general […]

AM Best Confirms Toyota Motor Insurance Company Credit Ratings
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AM Best Confirms Toyota Motor Insurance Company Credit Ratings

OLDWICK, New Jersey – (COMMERCIAL THREAD) –AM Best confirmed Toyota Motor Insurance Company (TMIC) (Cedar Rapids, IA) long-term issuer credit rating of A (excellent) and long-term issuer credit rating of “a” (excellent). The outlook for these credit ratings (ratings) is stable. The ratings reflect the strength of TMIC’s balance sheet, which AM Best considers to […]

Business insurance

Howden’s Data Analytics Unit HX Launches Insurance Market Information Platform

HX, the data analytics and consulting division of London-based Howden Group Holdings, announced the launch of NOVA, the first insurance business intelligence platform, which enables users to better understand the insurance market. insurance and its drivers. NOVA merges unique data sets, including proprietary information on Howden’s pricing and placement, loss trends, regulatory submissions, and broader […]

Business insurance

Buy Health Insurance Online | Herald of the Deccan

During the Covid pandemic, people realized that health insurance is a necessity to secure their lives both physically and financially. There are so many uncertainties now revolving around people’s lives. People make sure their lives are secure with a comprehensive health insurance policy to meet their changing health care needs. The sharp increase in digital […]

Business insurance

RSA shareholders approve capital reduction

RSA Insurance Group (now Limited, formerly Plc) has obtained shareholder approval to reduce capital after Monday’s general meeting in London. Among the special resolutions duly passed was the reduction of the company’s existing share capital from £ 2,069,394,887 to £ 1,269,394,887 by canceling and extinguishing 800 million ordinary shares of £ 1 each. The reduction […]

Business insurance

How agents can help construction clients prepare for post-pandemic growth

Nearly a decade of continued growth in the construction industry was halted in 2020 as the industry battled the direct and collateral effects of COVID-19. According to the recent Nationwide Agent Authority study, seven in ten construction business owners have been negatively affected by the pandemic, with the biggest impacts on their company’s total revenue, […]

Business insurance

ICA launches advertising campaign on business disruptions in newspapers – Daily – Insurance News

The Insurance Council of Australia (ICA) is running ads in major daily newspapers this week encouraging policyholders to contact their insurer or broker about business interruption claims related to the COVID-19 pandemic. Ads running today and Friday appear in The Herald Sun, The Courier Mail, Daily Telegraph, The Advertiser, The West Australian, The Canberra Times, […]

Business insurance

VIQ Solutions Hires Sales Leaders to Accelerate Growth in Insurance and Criminal Justice Industries

PHOENIX, Arizona – (COMMERCIAL THREAD) –VIQ Solutions Inc. (“VIQ” or the “Company”) (TSX: VQS and OTC Markets: VQSLF), a global provider of secure, AI-based digital audio and video capture technology and transcription services, announced today the hiring of two sales managers within the sales division. organization to drive growth and support VIQ’s digital transformation initiatives. […]

Business insurance

Policybazaar obtains insurance brokerage license for India

Web Insurance Aggregator Policybazaar has received an insurance brokerage license from the Insurance Regulatory and Development Authority of India (IRDAI). Following the award of the brokerage license, Policybazaar will transfer its web aggregator license to the regulator and continue this activity under its brokerage license, as well as an expanded menu of services, PTI reported. […]

Business insurance

USAA of San Antonio acquires San Francisco P&C insurance technology company

The USAA revealed Thursday that it has agreed to acquire a San Francisco-based property and casualty insurance provider that offers usage-based auto insurance. The San Antonio insurer expects to complete its acquisition of Noblr Inc. later this year. Terms of the contract are not disclosed. This will be the first acquisition by the USAA of […]

Business insurance

Exclusive remedy does not preclude a complaint of discrimination

The New Jersey Supreme Court ruled on Tuesday that the state’s exclusive remedy provision in workers’ compensation law does not prevent a school district from being sued for allegedly failing to accommodate a teacher diabetic who fell at work because a late lunch schedule caused her to suffer from hypoglycemia. sugar. Mary Richter suffered a […]

Business insurance

Tokio Marine HCC strengthens its emergency activities

Tokio Marine HCC (TMHCC) is restructuring its emergency international activities with the appointment of Neil Paddon to head its operations in the London market and in Europe. Paddon, currently head of contingency, has responsibility for the London and European market, including product distribution for the Tokio Marine group in South Africa, Asia and the Middle […]

Business insurance

Exclusive: CFC secures first-mover advantage with latest global offer

So why – until now – has the SME mergers and acquisitions market not been served in terms of declarations and warranties coverage or warranty and indemnity insurance? CFC’s head of transaction accountability, Gus Marshall (pictured), believes there are three main reasons. “One is that the M&A insurance market or the transaction liability insurance market […]

State Street Appoints Industry Expert to Lead Global Insurance Segment
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State Street Appoints Industry Expert to Lead Global Insurance Segment

BOSTON–(COMMERCIAL THREAD) – State Street Corporation (NYSE: STT) today announced the appointment of Jason Knight to the role of Global Head of the Company’s Insurance segment. In this role, Knight will be responsible for creating and executing the insurance segment’s strategy globally and will work closely with senior management in sales, products and other areas […]

Business insurance

Insurance Coverage Can Help With Losses Due To Microchip Shortage

In 2020, Americans faced a shortage of toilet paper. This year, companies are facing a shortage of electronic chips. Microchips are a crucial component in a growing number of electronic products, ranging from smartphones to cars and home appliances. As the shortage spills over down the supply chain, downstream companies are now unable to obtain […]

Business insurance

Amwins Global Risks adds to its list

Johnson, the former head of international risks at Miller Insurance Services, will lead risk development at Amwins Global Risks, with a focus on the United States, Canada and Australia. Ritson, who left AFL Insurance Brokers, is responsible for growing the group’s continued investments in global energy. In the Netherlands, Ewoud Dekker is recruited from Nationale […]

Business insurance

Claim Central launches new technology company

Global provider of claims solutions Claim Central Consolidated (CCC) has launched a new brand for its global technology businesses and platforms. New technology company Wilbur provides a modular and connectable ecosystem of products and solutions for insurance companies in Australia, New Zealand, South Africa and the United States. It also enables smooth customer experiences at […]

Business insurance

Why every influencer should have liability insurance

Have you ever heard of commercial cybersecurity insurance? This kind of business insurance is vital for all influencers. Most of today’s systems are automated or downloaded from the Internet. Many influencers are now using the cloud or other IT services to store their passwords and other important business tools and information. This means that influencers […]

MassMutual Completes Acquisition of Great American Life Insurance Company
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MassMutual Completes Acquisition of Great American Life Insurance Company

SPRINGFIELD, Mass .– (BUSINESS WIRE) – Massachusetts Mutual Life Insurance Company (“MassMutual”) today announced the completion of the previous ad acquisition of the wholly owned subsidiary of American Financial Group, Inc. (NYSE: AFG), Great American Life Insurance Company (“Great American Life”), and other subsidiaries and affiliates, for a purchase price of ‘approximately $ 3.5 billion. […]

Strategic analysis of the global insurance claim software market,
Business insurance

Strategic analysis of the global insurance claim software market,

Dallas, May 28, 2021 (GLOBE NEWSWIRE) – The insurance claims software market automates the claims handling process, reducing the risk of false claims. The app gives you access to critical data, allowing you to request the information you need. It also contains data for the assessment of claims from consolidated record keeping systems. The software […]