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 solve California's home insurance crisis
California's home insurance crisis continues to deepen. Homeowners, even those far away from fire hazards, are struggling to find insurance policies — and face staggering prices. As The California Post reports, even homes built in suburbs…
India's UPI moment for insurance
UPI is hailed as a landmark in India's digital public infrastructure journey, as it created an interoperable system allowing an entire market to function differently. The recent consultation paper on the Public Insurance Registry by IRDAI has the…
Insurers want you to hate drugmakers so you won't notice who's robbing you
That's because PBMs and insurers keep taking advantage of an opaque, convoluted supply chain to shift costs onto patients and their employers. A recent House Oversight Committee investigation identified more than 1,000 instances in which PBMs…
I run an insurance company. AI won't scale without managing risk
The debate about artificial intelligence has focused heavily on what the technology might make possible. For Australia, that matters. We are a high-wage, services-led economy with a long-running productivity challenge. But technology does not…
In insurance, the written word means everything
Did your insurance agent or the broker just say, “Sir, you just sign the proposal form; I will take care of filling it”? And did you say “yes”? It's a wrong move. If the intermediary, by mistake or deliberately, fills in…
California insurance crisis hits shocking new low as even more homeowners denied protection
California's home insurance crisis is spreading far beyond fire-prone mountain communities — with suburban homebuyers now being forced to choose between bare-bones coverage and policies carrying eye-watering deductibles in the five digits.
Permanence of life insurance
A fixed deposit matures in five years; an equity share can be sold tomorrow. A whole life policy taken out by a father naming his newborn son may not discharge its obligation for 70 years. An immediate annuity bought at 30 pays as long as the…
Florida Senate Demands Newspapers Destroy Insurer Report
The Florida Senate has demanded that two newspapers stop using and destroy copies of a regulatory analysis of property-insurer finances, warning that continued possession or publication could carry civil or criminal consequences. The demand…
Face the Facts: Conn. health insurance rates to increase
Health insurance in Connecticut is increasing. Sen. Jeff Gordon (R-Woodstock) explains why in this week's Face the Facts.
Oriental Insurance to invest ₹500 cr over 3 years to bolster digital capabilities
Public sector general insurer Oriental Insurance Company is planning to invest around ₹500 crore over the next three years to strengthen its digital capabilities, focusing on enhancing customer centricity. 'For a technological boost, we have…
The School Bus Driver Shortage Gave a 62-Year-Old With $260,000 Saved What His Nest Egg Couldn't: Health Insurance Until Medicare
A 62-year-old with $260,000 in retirement savings takes a part-time school bus driving route for one reason: the family health plan the district throws in. Three years until Medicare kicks in at 65. That's the whole strategy. And it's a smarter…
The Cattle Herd Hit a 75-Year Low. USDA Will Now Insure Ranchers for Keeping Heifers, but at 63 the Payout Can Reach Social Security.
Dow Jones51,799.60−0.10% Russell 20002,862.20−0.42% Dow Jones51,799.60−0.10% Russell 20002,862.20−0.42% Dow Jones51,799.60−0.10% Russell 20002,862.20−0.42% Dow Jones51,799.60−0.10% Russell…
653,775 Shares in Selective Insurance Group, Inc. $SIGI Bought by Bank of America Corp DE
Bank of America Corp DE bought a new position in Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 653,775…
The Hanover Insurance Group, Inc. (NYSE:THG) Receives Consensus Recommendation of 'Moderate Buy' from Analysts
The Hanover Insurance Group, Inc. (NYSE:THG - Get Free Report) has earned a consensus recommendation of 'Moderate Buy' from the ten analysts that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with…
Is it safe to travel to Riyadh and Dubai? Latest advice after strikes in region
Holidaymakers may feel uncertain about travelling to the Middle East amid ongoing strikes in the region. Since September, the Iran-backed Houthi rebels have escalated attacks on Saudi Arabia, a neighbour of the United Arab Emirates (UAE). The…
Receive a Daily briefing on Insurance Industry News
Get Started