Insurance Industry News
A collection of Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Senate Introduces Bill To Shield Insurers Covering Cannabis Businesses
Lots of marijuana on stacks of $20 American bills that are fanned out on a black background. Two Senators have introduced a bipartisan bill that would provide a safe harbor for insurance companies that cover legal cannabis businesses, as insurers…
How Much Would A Public Long-Term Care Insurance Program Cost?
A nurse taking care of an older man. Long-term care costs are rising even as families struggle to keep up with increases in their ordinary living expenses, making it tougher than ever to save for personal care needs in old age. That combination is…
Extended Car Warranty vs. Car Insurance: What's the Difference?
When parts break due to a defect, extended warranties might cover the bill, but exclusions typically apply. Auto insurance can pay for repairs and medical bills due to a collision, natural disaster or theft. An extended warranty is almost always…
Why Insurance Stocks Can Be Some of the Market's Best Long-Term Compounders
There are two aspects of an insurance company that investors need to monitor. The first is how well they run their insurance operations. The second is how well they manage the float. The float is why insurance companies can be some of the market's…
Why hyperlocal underwriting is insurance's new competitive advantage
Laurette Coetzee, senior account manager, Esri South Africa. Let's imagine you have two homes, in the same suburb, with similar replacement values, comparable sums insured and broadly similar policyholder profiles. On paper, the pair might appear…
Bermuda drawn into scrutiny of complex insurer investments
84fbbb3b-c981-4ef8-8779-bc0304107165 Brookfield Wealth Solutions, which will be housed in the newly built Brookfield House, is one of Bermuda's life reinsurance companies (Photograph by Akil Simmons) More than $1 trillion of American insurers'…
Mental health remains the top reason for Swiss disability insurance support
Around 61,000 people benefited from vocational rehabilitation measures, the Federal Social Insurance Office (FSIO) said on Monday. This represents 3,300 more beneficiaries than in 2024 and more than three times as many as in 2008. The corresponding…
Job lock' hits 24% of U.S. workers - staying in jobs they hate because losing health insurance terrifies them
Americans hang on to jobs they don't favor for multiple reasons, including salary, geographical convenience and upward mobility. Increasingly, with inflation rising, career professionals are sticking to jobs they don't like primarily for the health…
New pet? Here's why pet insurance should be the first thing you do
Bringing a new pet home is amazing, but let's be honest, it's also exhausting. When my husband and I brought our Mini Sheepadoodle, Lucy, home, our lives changed instantly. From wagging tails and puppy kisses to the immediate realization that…
Policybazaar to market dollar-denominated term plans of insurers through GIFT City
Digital insurance platform Policybazaar on Monday said it has started offering U.S. dollar-denominated term insurance plans of its partner insurers for non-resident Indians (NRIs) through the International Financial Services Centre, GIFT City…
Insurers win coverage fight over Harris Teeter's share of opioid settlement
A group of insurers do not have to cover grocery chain Harris Teeter's share of a massive opioid settlement, a North Carolina judge has ruled, after finding that the grocery chain was never actually on the hook to pay anything itself. The case…
The Aspen Acres fire has destroyed your home. When it comes to insurance, what's next?
With 319 burned homes so far tallied, the Aspen Acres fire is the most destructive Colorado wildfire by homes lost since the Marshall fire in 2021. In the intervening half-decade, lessons learned have put a legislative focus on the Colorado…
Growing coastal developments reshape insurance risks
Coastal population rose by over 40 million since 1970 Home values and reconstruction costs increased over 60% Swiss Re estimates Hurricane Andrew would cost nearly $100 billion today For insurers, the periodic El Niño climate phenomenon has…
Woman's cat passes away. Then she tries to cancel her cat's health insurance plan with Banfield: 'You have to buy your way out'
A pet owner says she expected a difficult day after losing her cat, but she never imagined one phone call with Banfield would leave her even more frustrated. On July 16, @lacroix_goth shared her experience in a TikTok video that quickly drew over…
One Inc Says the Best Insurance Payment Is the One Nobody Notices
For insurers, payments have long served as the moments when policyholders notice the mechanics of the relationship. A premium must be collected. A refund must arrive. Those transactions often define the customer's impression of the carrier. Kishore…
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