Insurance Industry News
A collection of Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
California voters elect Jane Kim as insurance commissioner, AP projects
Jane Kim will be California's next insurance commissioner, the Associated Press projects. Kim had already declared victory in the race on Friday, with state Sen. Ben Allen conceding the same day. As insurance commissioner, Kim will lead the…
Floods, calamity losses add to insurers' underwriting woes
Indian general insurers are grappling with mounting underwriting pressure and widening losses as a surge in natural catastrophe claims, particularly from widespread floods, impacts their financial performance and combined ratios. Natural…
Buckle Up, Georgia: Here's What Democrats Are Doing to Your Insurance
Georgia's newly elected Democrat Insurance Commissioner has unveiled a new plan when she takes office: ban insurance companies from using credit scores and zip codes to determine pricing. Georgia Insurance Commissioner-elect lays out plan to tackle…
Obamacare Subsidies Lapsed. Here's Why Health Insurer Stocks Are Watching the New Congress.
The political winds in the U.S. have shifted significantly, with the Democrats set to soon retake power in the Senate and the House of Representatives. This could have major investment implications for sectors exposed to government spending.
California election: Jane Kim declares victory in insurance commissioner race, vows wildfire insurance overhaul
SAN FRANCISCO -- Amidst a roar of cheering support, Jane Kim declared victory Friday in California's race for insurance commissioner, promising sweeping changes to a system she says has failed homeowners facing soaring premiums and shrinking…
3 Insurance Dividend Stocks Built to Keep Paying Through Tough Times
Insurance companies collect premiums up front and pay claims later, and the cash held in between earns interest. When underwriting remains disciplined, that model produces steady profits that can fund a dividend in good years and bad. Travelers…
Medical tourism to India could spike if global insurance firms cover treatments: Sangita Reddy
Speaking to PTI on the sidelines of the Garmin Health Summit in Bangkok, Reddy said, 'We have requested the government to lead us on a delegation to work with the insurance companies. If they start covering... then you will see a large segment of…
Only 15.2% of American Families Still Own Cash Value Life Insurance. The Typical Policy Holds $12,000
Many families have a whole-of-life policy a parent bought decades ago that everyone only half-remembers. A statement in a drawer may show a cash value nobody has checked in years. According to the Federal Reserve's latest Survey of Consumer…
Xylem Inc. $XYL Stake Lifted by Cincinnati Insurance Co.
Cincinnati Insurance Co. boosted its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 12.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 361,700 shares of the industrial products company's stock…
Valero Energy Corporation $VLO Stock Sold by Cincinnati Insurance Co.
Cincinnati Insurance Co. lessened its stake in Valero Energy Corporation (NYSE:VLO - Free Report) by 36.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 226,668 shares of the oil and…
Berkshire Hathaway accelerates stock buybacks, operating profit falls
Berkshire Hathaway accelerated stock repurchases in the third quarter, as new CEO Greg Abel demonstrated greater willingness to put its enormous cash hoard to use than his predecessor Warren Buffett. SCROLL TO CONTINUE WITH CONTENT The Omaha…
US employers keep passing rising healthcare costs to workers. There are better options
Again, healthcare costs are going up. According to a recent study from Mercer, total health benefit cost per employee in 2027 is expected to rise 8.2% – after employers' planned cost-reduction measures (without action, employers told Mercer…
State pension update as you could be owed 'weekly uplift
State pensioners could get an increase to their entitlement by filling in a simple DWP form. The department is writing to more than 300,000 people who could be owed cash. Thousands of people have been underpaid their state pension as they were…
The American Dream is no match for climate change
Get your news from a source that's not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily. This story was originally published by Grist and is reproduced here as part of the Climate Desk collaboration. It is part of a series…
Berkshire Hathaway Stock: BNSF And Energy Steal The Show In Q3 (Rating Downgrade)
Berkshire Hathaway just reported its third-quarter earnings. The release beat analysts' consensus revenue estimate, but the earnings performance was more mixed. Heading into the release, Berkshire had strong momentum, having outperformed the market…
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