Insurance Industry News
A collection of Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Insurance Will Propel Hong Kong's AI Ambition
From AI ambition to insurance impact The government is backing its ambitions with concrete measures. These include the establishment of the Artificial Intelligence Supercomputing Centre at Cyberport, a HK$3 billion AI subsidy scheme, the Hong Kong…
Insurance Authority to prioritise broadening of regional clientele: CEO
After Beijing's plans to tighten up the taxation of overseas income sent shock waves through the city's banks and insurers last week, Hong Kong's insurance regulator will make broadening the sector's clientele a priority, its reappointed chief said…
Luigi Mangione pleads guilty to killing health insurance CEO Brian Thompson
Nearly two years ago, Brian Thompson, the CEO of UnitedHealthcare, was shot and killed in New York City. A massive manhunt followed, resulting in the arrest of Luigi Mangione, who quickly became a sort of folk hero for people fed up with the state…
Hong Kong reappoints Clement Cheung as CEO of Insurance Authority
The Hong Kong government announced on Friday the reappointment of Clement Cheung Wan-ching as the Chief Executive of the Insurance Authority for a term of three years from August 15, 2026, to August 14, 2029. SCROLL TO CONTINUE WITH CONTENT The…
Exclusive | Hong Kong to reappoint insurance regulator as industry braces for tough period
Hong Kong's government is on Friday set to reappoint Clement Cheung Wan-ching as CEO of the Insurance Authority for another three-year term, according to two sources with knowledge of the matter. The move is aimed at ensuring continuity and…
Luigi Mangione pleads guilty in federal case, admits killing US insurance CEO
Luigi Mangione admitted in court on Friday to fatally shooting a US health insurance executive and pleaded guilty to two federal charges of stalking the executive with the intent to kill him. The guilty plea will avert a federal trial in…
'FOMO Insurance' Drives Options Buying Spree as Stocks Rally On
As the stock market keeps surging to record highs, a growing worry among investors isn't that it may come tumbling back down. It's fear of missing out. After companies posted the strongest quarterly earnings growth since the nation emerged from the…
Insurance Fraud Enabled 'Gender-Affirming Care
Gender ideology is still wreaking havoc across the country and in pockets of our culture (if you can call the WNBA 'cultural'), but organizations such as Gays Against Groomers, Moms for Liberty, and journalists like myself, Matt Walsh, and so many…
Luigi Mangione pleads guilty of health insurance executive's murder
Luigi Mangione pleaded guilty on Friday in his federal criminal case stemming from the killing of a health insurance executive on a Manhattan sidewalk. The guilty plea will avert a federal trial in the closely watched case over the killing of…
Even Insurers Are Leaning In To Chip Stocks
The book value of insurers' semiconductor stocks grew 54%, slightly more than the 50% growth in market value over that seven-month period, Clearwater found. In contrast, the book value of their energy stocks grew 14% far less than the 30% growth in…
Hong Kong insurers to weather Beijing's tax shift with 8-10% premium growth: S&P
Hong Kong's life insurers could still see annual premium growth of 8 to 10 per cent over the next two years, despite a recent regulatory shift stemming from Beijing's overseas taxation rules, according to credit-rating agency S&P Global Ratings.
Data centers in space could be a new frontier for insurers - if they can price the risk
Elon Musk's SpaceX and Jeff Bezos' Blue Origin are betting on orbital computing, bringing data centers to space. Insurers that aren't looking at space as the next frontier for insurance underwriting risk missing out on a big growth story, according…
Quake to trigger insured losses across LatAm market: Guy Carpenter
The 7.4-magnitude earthquake that struck western Colombia on Aug. 10 is expected to result in an insured loss event across the Latin American insurance market due to higher earthquake insurance penetration in the country, according to U.S.-based…
The House Was Approved. The Insurer Said No
Your loan is approved, your rate is locked, your closing is Friday. Then the insurer declines the property over the age of the roof, and the transaction stops — because no lender in the country will fund a mortgage on an uninsured house.
Insurer owes no duty to defend trucker in fatal crash suit
Cincinnati Insurance has no obligation to defend or indemnify a truck driver who was hit with a $5.1 million default judgment in a wrongful-death case, the U.S. Court of Appeals for the Fourth Circuit ruled Monday, finding the driver's late notice…
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