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Insurance news provides updates on industry trends, regulations, and innovations. It covers topics such as new insurance products, market developments, and insights into risk management, offering valuable information for policyholders and industry professionals alike.
Brokerbility Launches Comprehensive Cyber Insurance Proposition
In response to the rising threat of cybercrime, Brokerbility has unveiled a new end-to-end cyber insurance proposition designed to assist...
Read moreHurricane Helene Exposes Flaws in U.S. Insurance System
Five days after Hurricane Helene struck Boone, North Carolina, David Marlett was preparing to assist students and community members at...
Read moreACIL Calls for Stronger Overhaul of Insurance Code
The Australian Consumers Insurance Lobby Inc (ACIL) is pushing for significant changes to the Insurance Council of Australia’s (ICA) General...
Read moreBelgium’s Ageas Enters Exclusive Talks for 20-Year Insurance Partnership with UK’s Saga
LONDON (Reuters) – Belgian insurer Ageas has entered exclusive negotiations to form a 20-year motor and home insurance broking partnership...
Read moreGK General Insurance Extends Deadline for Hurricane Beryl Claims
GK General Insurance (GKGI) has announced an extension to the deadline for submitting Hurricane Beryl claims, now set for Tuesday,...
Read moreNew York Car Insurance Rates Set for Modest Increase, National Rates Surge
New York, NY — New projections indicate that car insurance rates in New York are set to rise by 4...
Read moreUPMC Faces $313M Operating Loss Amid Rising Costs and Restructuring
UPMC, a prominent 42-hospital network, reported a significant $313 million operating loss for the first half of the year, marking...
Read moreAPRA Unveils Four-Year Strategy to Strengthen Financial Sector Stability
The Australian Prudential Regulation Authority (APRA) has announced its Corporate Plan for 2024-25, outlining a comprehensive strategy aimed at fortifying...
Read moreIFRS 17 Adds Complexity to Already Challenging Reinsurance Market
The insurance industry faces a transformative period with the adoption of International Financial Reporting Standards (IFRS) 17, which replaces the...
Read moreTrump Proposes Government-Funded IVF Treatments Amid Abortion Debate
In a significant announcement at a campaign rally in Potterville, Michigan, former President Donald Trump declared that under a future...
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OPTIS: Insurance M&A Falls 10%
As of the end of September 2024, the total number of insurance agency mergers and acquisitions (M&A) has decreased by...
Marsh: US Rates Up 3%
In the third quarter of 2023, commercial insurance rates in the U.S. experienced an overall increase of 3%, with casualty...
Progressive Ends Fire Insurance
Progressive Insurance has announced that it will discontinue offering dwelling fire insurance, commonly known as "landlord insurance," for non-primary residences...
Zurich Insurance Sets New Goals
Zurich Insurance Group AG has announced ambitious new targets for profitability and growth over the next three years, driven by...
4th Circuit: No Crypto Coverage
A recent ruling by the Fourth Circuit Court of Appeals has clarified that homeowners insurance policies do not cover the...
Safeco Buys Main Street
Liberty Mutual’s Safeco Insurance has announced a significant agreement to acquire the personal lines business of Main Street America, marking...
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