Insurance Industry News
A collection of Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
What Is a Mutual Insurance Company?
Mutual insurance companies are owned by policyholders, not shareholders. When you have a mutual life insurance policy, you can receive dividends based on the company's annual profits. You can typically use dividends to purchase more coverage…
US to Speed Insurance Coverage for Breakthrough Medical Devices
Breakthrough medical devices will get faster insurance coverage in the US under a new government program that coordinates coverage with the approval process, streamlining one of the biggest hurdles for patient access and industry sales. The Centers…
Police bust syndicate in $1.7m travel insurance scam, nine arrested
Nine people have been arrested for participating in a travel insurance scam totaling over HK$1.7 million, claiming overseas injuries with fake hospital records without having left Hong Kong. SCROLL TO CONTINUE WITH CONTENT The arrests came after…
Your job title could add £364 to your home insurance bill
Comparison website Go Compare has revealed there is a £364 gap between the cheapest and most expensive job titles when it comes to home insurance. When you fill in an insurance form, you are normally asked for your occupation - and new data…
The Best Pet Insurance in North Dakota 2026
Pets Best is the top-scoring pet insurance company in our analysis, thanks to low rates and robust coverage options. The average cost of dog insurance in North Dakota is $34 a month, while cat insurance averages $16 a month. Comparing a company's…
Universal Insurance: Q1 Earnings Snapshot
FORT LAUDERDALE, Fla. (AP) — FORT LAUDERDALE, Fla. (AP) — Universal Insurance Holdings Inc. (UVE) on Thursday reported earnings of $54.3 million in its first quarter. On a per-share basis, the Fort Lauderdale, Florida-based company…
What Fleets Can Do About Rising Insurance Costs in 2026 - TT
'The cost to repair vehicles is more significant now than it used to be,' Anderson said. (vitpho/Getty Images) Trucking insurance costs are set to rise again in 2026 as insurer availability shrinks and carriers face mounting pressures. ATRI data…
Jio Financial formalises general insurance foray with Allianz
Jio Financial Services and Munich-based Allianz Group have solidified their partnership by signing a binding agreement to establish a 50:50 joint venture for general and health insurance in India, aiming to capitalise on the nation's accelerating…
Orbway to launch parametric space insurance MGA
f9084957-8e1f-48e1-81f2-ca9cedae2f4d Created: Apr 23, 2026 05:03 PM (Updated: Apr 23, 2026 05:04 PM) Orbway secures Bermuda licence to launch parametric space insurance MGA (File photograph) A London-based company has built a specialty managing…
Global insurance rates fall for seventh quarter
7c14c3fe-f62d-4203-86a4-ba76244d051a Created: Apr 23, 2026 04:35 PM (Updated: Apr 23, 2026 04:35 PM) Marsh's Global Insurance Market Index found that composite rates fell 5 per cent in the first quarter (File photograph by Blaire Simmons) Global…
Turkish non-life insurance market grows 28%
The Turkish non-life insurance market posted gross written premiums of 340 billion Turkish lira ($7.6 billion), up 28% year on year, according to the Insurance Association of Turkey, Middle East Insurance Review reported. This figure represents 86%…
Scrap national insurance to support youngsters at risk of AI job hit, Sunak says
The government should move towards scrapping national insurance contributions to help young people whose jobs are being wiped out as a result of artificial intelligence, Rishi Sunak has suggested. The former prime minister - who was appointed as an…
Selective Insurance Group, Inc. (SIGI) Q1 2026 Earnings Call Transcript
Selective Insurance Group, Inc. (SIGI) Q1 2026 Earnings Call April 23, 2026 8:00 AM EDT Brad Wilson - Senior VP of Investor Relations & Treasurer John J. Marchioni - CEO, President & Chairman Patrick Brennan - Executive VP & CFO Michael Phillips -…
Medicare Advantage: Insurers get a pay bump
Americans in privately run Medicare plans caught a break earlier this month, said Maya Goldman in Axios. Dr. Mehmet Oz, the head of the Centers for Medicare and Medicaid Services, announced that the government will increase average Medicare…
Allianz, Jio seal India general insurance deal
Netherlands-based Allianz Europe BV has entered into a binding agreement with India-headquartered Jio Financial Services Ltd. to form a primary insurance joint venture offering general insurance in India, Reinsurance News reported. The companies…
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