Insurance Industry News
A collection of Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
How to get a certificate of insurance for a business, quickly and easily
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Aon strikes $17 billion deal for rival USI Insurance Services
Aon will buy rival USI Insurance Services in a $17 billion deal from private equity firm KKR, the insurance brokerage said on Monday. Mega buyouts have become more typical in the highly fragmented insurance brokerage industry in recent years as…
Aon CEO says insurance broker seeks to build 'premiere middle market platform' with purchase of rival USI
Aon announced Monday it will purchase rival USI from private equity firm KKR. The deal, which Aon said will be financed through new debt, is expected to close in the fourth quarter, subject to regulatory approvals. CEO Greg Case said on CNBC's…
Safer Cars, Smarter Repairs: Farmers Insurance Explains How New Car Technology May Impact Repair and Insurance Costs
These features are part of what's known as Advanced Driver Assistance Systems, or ADAS. When a car with ADAS is damaged, repairs may require special parts, computer checks and careful adjustments to keep safety features working properly. 'Many…
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The LIC case study: From insurance provider to household name
For generations of Indians, life insurance has often been synonymous with LIC. Established in 1956, the insurer built its position by expanding insurance access across urban and rural India, combining financial protection with long-term savings…
Watchdog warns insurers are offering insufficient cash settlements
Australia's corporate watchdog is sounding the alarm over insurers' use of cash settlements, concerned they could unfairly short-change home owners dealing with a house insurance claim. ASIC has been reviewing the industry's use of cash settlements…
Cash settlements on home insurance claims leaving vulnerable Australians short-changed, Asic says
Home insurers are overwhelmingly paying cash to settle claims, leaving Australians to foot blowouts in repair costs for their cyclone-damaged homes. The corporate regulator is calling for “realistic” bigger payouts, warning the…
Aon nears $17 billion deal to buy insurance broker USI, WSJ reports
Aon is nearing a roughly $17 billion acquisition of insurance broker USI from KKR, according to The Wall Street Journal. An agreement could be announced as soon as Monday, the Journal reported. The potential deal could expand Aon's midsize-business…
Home owners short-changed by insurer cash payouts: ASIC
Australia's financial watchdog says insurance companies are increasingly settling claims on home damage with cash payouts that are sometimes so low they won't fund the repairs disaster-stricken customers need. A review of home insurance by the…
Aon Nears $17 Billion Deal to Buy USI Insurance From KKR
Aon is reportedly nearing an agreement to acquire USI Insurance Services from private equity giant KKR in a transaction valued at approximately $17 billion, including debt, potentially expanding the insurance broker's presence in the U.S. middle…
Five wedding insurance checks couples should make to avoid losing thousands
Couples planning their big day are being urged to make five important wedding insurance checks to reduce the risk of being left thousands of pounds out of pocket if something goes wrong. The Financial Ombudsman Service has investigated more than…
Aon close to acquiring USI Insurance from KKR in $17B deal: report
Aon Plc is close to an agreement to acquire insurance brokerage USI Insurance Services from private equity firm KKR for about $17 billion, including debt, the Wall Street Journal reported on Sunday, citing people familiar with the matter. The deal…
California lawmakers block Newsom's push to stop insurers from suing utility companies that cause wildfires
California lawmakers have rejected Gov. Gavin Newsom 's push to stop insurance companies from seeking reimbursement from utility companies responsible for wildfires. The proposal would have prevented insurers from going after investor-owned…
Affordability Proposals Target Title Insurance and Raise Risk
The housing market is built on a simple confidence: When you buy a home, it's actually yours, free and clear. Recent proposals to waive title insurance on certain “low-risk” mortgages have been framed as an affordability measure. The…
Packers Trade With Rams for Tucker Kraft Insurance in 2nd Major Add on Cutdown Day
The Green Bay Packers are rounding out their position groups on offense via the trade market on a day that will also see the team part ways with several players on the path to its initial 53-man roster. After dealing for running back Kaleb Johnson…
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