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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.
Failed Sale Marks Third Attempt for MG Non-Life Insurance
Seoul — MG Non-Life Insurance's third attempt to secure a new owner has once again faltered due to persistent concerns...
Read moreWhy Auto Insurance Premiums Are Rising
A recent news report attributed the surge in auto insurance premiums to higher “labor and materials” costs, but this explanation...
Read moreTech Outage Spurs Surge in Business Interruption Claims
A global tech outage on Friday, triggered by a faulty update from cybersecurity firm CrowdStrike, has led to significant disruptions...
Read moreLIC Stock Soars 16% in July Amid Positive Sector Forecast
LIC shares have surged 16% this July on the BSE, hitting Rs 1,143.80, and are approaching their February 2024 peak...
Read moreGlobal Natural Catastrophes Drive $61 Billion in Insured Losses in First Half of 2024
In the first half of 2024, the insurance industry faced an extraordinary financial impact from natural catastrophes, with global insured...
Read moreSouth Korean Court Grants Spousal Insurance to Same-Sex Couple
South Korea's Supreme Court ruled on Thursday that same-sex couples are entitled to spousal health insurance coverage, marking a historic...
Read moreSouth Korean Court Extends Health Insurance to Same-Sex Couples
South Korea’s Supreme Court has ruled in favor of same-sex couples receiving spousal health insurance benefits, marking a historic step...
Read moreManulife Expands Asia Leadership Team with Key Appointments
Manulife has announced the expansion of its Asia Distribution Team with two significant senior appointments, both effective August 19. Bonnie...
Read moreNew Zealand Insurance Sector Maintains Resilience Amid Regulatory Vigilance
New Zealand's insurance industry continues to demonstrate robustness under stringent regulatory oversight, according to a recent assessment by Fitch Ratings....
Read moreRising Car Insurance Rates in Southern Arizona Linked to Monsoon Impact
ORO VALLEY, Ariz. (KGUN) — As Southern Arizona braces for another monsoon season, residents are facing a double whammy of...
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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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