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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.
Insurance Sector Embraces Technology
The insurance industry is rapidly adopting technology to enhance efficiency and customer service, driven by the National Insurance Commission (NAICOM)...
Read moreCutting Car Insurance Costs: Pay Annually for Savings
Motorists are being advised to save on car insurance premiums by opting to pay their full annual fee upfront instead...
Read moreUK General Insurance Sector Shows Resilience After Major IT Outage
The UK general insurance sector is demonstrating resilience following a substantial disruption linked to what has been identified as the...
Read moreCabinet Panel Excludes Insurance Firms from Strategic Category
ISLAMABAD — The Cabinet Committee on State-Owned Enterprises (CCoSOEs) has ruled that key insurance companies, including the National Insurance Company...
Read moreCouncil Withdraws Insurance for Berrow Beach Cleanup Group
The Friends of Berrow Beach, a dedicated group responsible for regular beach clean-ups, were taken aback when Somerset Council abruptly...
Read moreHome Warranty Complaints Lead to Nevada Insurance Action
LAS VEGAS, Nev. (FOX5) – As the sweltering temperatures in the Las Vegas Valley intensify, Nevada insurance regulators are urging residents...
Read moreSoaring Payouts for Romanian Travel Insurance in 2023
n 2023, Romanian insurance companies experienced a substantial surge in travel insurance payouts, reflecting a notable shift in the sector....
Read moreBuilding Firm Hit with Record Fine for Fraudulent Insurance Practices
Aycon Constructions & Building Services has been slapped with a substantial $250,000 fine and a three-year suspension, following an in-depth...
Read moreBank Negara Defends Health Insurance Co-Payment Amid Competition Concerns
KUALA LUMPUR, July 23 — Bank Negara Malaysia (BNM) has robustly defended its new directive that mandates a minimum 5%...
Read moreRising Car Insurance Costs Expected to Continue
In a recent interview with GB News, a leading expert predicted that car insurance premiums are likely to keep climbing,...
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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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