Insurance Industry News
A collection of Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
AI is too risky to insure, say people whose job is insuring risk
What happens when the software that everyone's racing to adopt becomes too risky for anyone to insure? According to reporting from the Financial Times, we're about to find out. Major insurers including AIG, Great American, and WR Berkley are asking…
Flood insurance premiums still rising in area last inundated in 1956
Concerns have been raised about persistently high insurance premiums in Wagga Wagga, despite a one-in-100-year rated levee bank protecting the NSW city from flooding in the Murrumbidgee River. The levee was completed in 2020 and has been…
Some Iowans face $1K+ monthly health insurance spike
Health insurance premiums could more than double for thousands of Iowans relying on the Affordable Care Act (ACA) marketplace plans in January unless Congress takes action, according to an analysis from the Kaiser Family Foundation (KFF). Why it…
Sun Life Continues Shining As An Asset Manager, Despite Clouds Over Insurance Sector (SLF)
Albert Anthony is the pen name of a Croatian-American business author who is a contributing analyst on investor platform & financial media site Seeking Alpha, where he has over +1K followers, & also writes for platforms like Investing dot com and…
Expanded unfair contracts legal regime requires specialist insurance advice
It's especially important for supply contracts comply with the new unfair contracts regime. “Nathan and his team worked collaboratively to formulate appropriate coverage, while ensuring contract terms were fair and compliant with legal…
UK tourists warned of 6 travel insurance errors that could see it cancelled
As UK travellers organise winter sun escapes, many might not realise that straightforward errors could render their travel insurance worthless. Industry specialists warn that failing to scrutinise the terms and conditions thoroughly could mean…
Major insurers seek to exclude AI-related risks from corporate policies
Several large insurers, including AIG, Great American, and WR Berkley, have filed requests with U.S. regulators to exclude AI-related risks from their corporate insurance policies, according to the Financial Times. The companies warn that…
POSPs to account for ₹3.1-3.3 trillion insurance premiums by FY2030
Insurance distribution landscape is all set to enter a decisive growth phase with Point-of-Sale Persons (POSPs) emerging as the backbone of retail penetration beyond major metros. Currently, insurance still largely under-penetrated and the…
Insurers Uneasy About Covering Corporate AI Risks
Companies such as AIG, Great American and WR Berkley have recently asked U.S. regulators for leave to offer policies that exclude liabilities related to companies using AI tools like agents and chatbots, the Financial Times (FT) reported Sunday…
The Hartford Insurance Group, Inc. $HIG Shares Acquired by Swiss National Bank
Swiss National Bank increased its position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 5.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 863,900 shares…
Insurance Offered $1,700 For This R1T Mishap, Rivian Wanted A Fortune
A Rivian R1T owner faced a massive bill after a low-speed parking incident. Insurance estimated $1.7K but later refused to pay the certified shop's bill. Owner paid out of pocket, fought insurance, and recovered only part of it. Rivian owners take…
Migdal Insurance & Financial Holdings Ltd. Decreases Stake in Alphabet Inc. $GOOG
Migdal Insurance & Financial Holdings Ltd. cut its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 28.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.
Cherokee Insurance Co Invests $3.32 Million in Meta Platforms, Inc. $META
Cherokee Insurance Co purchased a new position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,500 shares…
14,700 Shares in Skyward Specialty Insurance Group, Inc. $SKWD Purchased by Cynosure Group LLC
Cynosure Group LLC purchased a new stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 14,700 shares of…
The Hanover Insurance Group, Inc. (NYSE:THG) Receives Average Rating of 'Moderate Buy' from Brokerages
The Hanover Insurance Group, Inc. (NYSE:THG - Get Free Report) has been given an average recommendation of 'Moderate Buy' by the eight brokerages that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock…
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