Insurance Industry News
A collection of Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Iran floats insurance fees and asserts control over Hormuz
Iran sought to assert control over Strait of Hormuz by saying that ships need its permission and mandatory insurance to cross, even as the US said that 20 ships sailed through overnight via a route it recommends along Oman's coast. The conflicting…
US-Iran Talks Stall Before They Begin, Iran Floats Insurance Fees, More
Bloomberg News Now • Browse all episodes Listen for the latest from Bloomberg News…
Legislative Roundup: Officials encourage travelers, homeowners to review insurance coverage during summer
The Pennsylvania Insurance Department (PID) is encouraging Pennsylvanians to review their insurance coverage and take the necessary steps to protect themselves during the summer vacation season. Whether traveling across the state, across the…
Car insurance warning issued as motorists 'overpaying by 30%'
Motorists could be overpaying for car insurance cover Certain car insurance customers may be paying up to 30% more to use the roads, in a major blow for cash-strapped Britons. Motorists paying monthly for their insurance policies are being charged…
The Best Car Insurance Companies for Drivers With Bad Credit
Geico is the top-rated car insurance company in our analysis for drivers with poor credit, thanks to its low rates. Insurers aren't allowed to deny coverage solely based on credit, but most states allow companies to factor in credit history when…
Drivers could save hundreds on EV insurance with new salary sacrifice scheme
Electric cars are already cheaper to run for many drivers, but Octopus Electric Vehicles reckons it has found another way to cut the cost of making the switch: paying for the insurance through salary sacrifice, as well as the car. Salary sacrifice…
Insurers face call for clearer renewal pricing
Insurers in Australia are being asked to provide policyholders with transparent explanations for premium increases, particularly when renewal rates rise by more than 10% a year, Australian Financial Review reported. A draft revised insurance code…
Data center risks outgrow traditional insurance: Zurich
The growing global data center buildout is expected to require securitization as it creates risks too large for traditional insurance, according to Swiss firm Zurich Insurance Group AG, Crypto Briefing reported. The firm expects pure insurance risk…
Extreme weather driving sharp rise in Alberta insurance premiums
As extreme weather events become more frequent and destructive, Alberta homeowners are facing steep increases in insurance premiums, with experts warning the trend is unlikely to reverse without significant changes. Industry officials say the cost…
Consumer court raps health insurance firm over 'wrongful' claim rejections
4 min read Ahmedabad Make us preferred source on Google A CONSUMER court in Ahmedabad has ruled against New India Assurance Co Ltd for “wrongfully rejecting” four medical insurance claims of a minor child with Rett Syndrome, holding…
California insurance crisis spreads beyond wildfire communities
The share of California homes insured through the state's FAIR Plan — a pricey insurer of last resort — has surged to roughly 5%, up from less than 2% in 2020, per a new Stanford study released this week. Why it matters: The jump…
Morrisons launches travel and pet insurance in first for supermarket giant
Morrisons has become the latest UK supermarket to expand its financial services offering Morrisons has become the latest supermarket giant to push deeper into the insurance market, launching new pet and travel cover as Britain's biggest grocers…
ILS expansion needed to meet data centre insurance demand
0fbb0eeb-9e06-4869-be25-65508dc2feb6 Insurance need: the xAI data centre in Memphis, Tennessee (File photograph by George Walker/AP) The level of investment into data centres globally may soon make it necessary for insurers involved to begin…
Space companies talk with insurers over orbital data-centre coverage
9397d2f6-a182-4dd4-9d90-69ba3c92686e Aiming high: SpaceX is among several companies seeking to put data centres in space Insurance will play a vital role in enabling artificial intelligence data centres to be put into orbit — and talks are…
Storms left many Tri-State homes damaged and flooded. Here's what insurance will likely cover
CINCINNATI — Severe weather overnight Wednesday into Thursday left homes rattled across the Tri-State. One family in Aurora, Ind., had their home completely leveled, while neighbors in Florence saw trees collapse onto roofs. And in Clermont…
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