Insurance Industry News
A collection of Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Do You Need War Insurance?
Investors are staring at a sea of red on their screens as U.S. trading is set to begin for the week, unless they happen to own defense, shipping or energy stocks. Gold, Treasury bonds and the greenback also rallied in the wake of the attack on Iran…
Is your parents' health insurance really complete?
We insure our cars against accidents. We insure our homes against damage. When it comes to our parents, however, we often rely on health insurance plans that only respond when things become serious. A hospital stay. A surgery. An emergency. But…
Hedge Funds, Insurers Rush to Gauge Exposure as Iran Spirals
Hedge funds, banks and insurers rushed to size up their exposure to the Middle East after weekend attacks on Iran fueled chaos across the region. Some of Taiwan's largest life insurers, including Cathay Life Insurance Co. and Nan Shan Life…
Oil risks breaking $100 as insurers pull cover and Hormuz tanker traffic stalls
Oil prices could hit $100 a barrel if tanker traffic disruption through the Strait of Hormuz persists after US and Israel's strikes on Iran, analysts said. US West Texas Intermediate crude oil futures spiked as much 12% at the open on Sunday…
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SBI General Insurance onboards Pankaj Tripathi as its brand ambassador
SBI General Insurance, a leading general insurance company, has announced actor Pankaj Tripathi as its brand ambassador and unveiled an integrated brand campaign ‘Chuniye Bharosa, Apno Sa'. The campaign is rooted in the belief that true…
Malaysian insurance sector poised for major reforms under reset initiatives
KUALA LUMPUR: The Malaysian insurance industry is poised to enter a new phase of major reforms under government-led RESET initiatives, including the introduction of the medical and health insurance/takaful (MHIT) plan and diagnostic-related group…
Home insurance mistake that means your provider will not pay out if you claim
A SIMPLE home insurance mistake could leave you thousands of pounds out of pocket if you need to make a claim. Underinsurance is when you have insurance for your home but the cover doesn't stretch far enough to protect everything you own. Your info…
This Packers trade package for Anthony Richardson is the Jordan Love insurance they need
The Green Bay Packers don't realize it just yet, but they need to get insurance for Jordan Love. He's been injured over the last two seasons and Malik Willis did enough to earn a lucrative deal on the free agent market this offseason. That's why…
Citizens shed 180,000 insurance policies in Southeast Florida last year
Citizens Property Insurance Corp. shed about 180,000 policies in Southeast Florida last year, according to data released last month. Why it matters: It is no longer the state's largest insurer, with a market share of less than 10%, according to the…
Insurance broker M&A stabilizes after surge
Consolidation in the insurance agency and brokerage sector continues at a steady pace. Since 2008, more than 10,000 M&A transactions have been completed — an average of 557 deals per year, involving nearly 1,300 unique buyers. While deal…
BI, Litmus partner on composite insurer ratings
Business Insurance and insurance rating specialists Litmus Analysis have teamed up to provide a unique perspective on the ratings of the insurers and reinsurers that matter to readers. We're starting with this initial table covering BI -selected…
Stadium's insurance cost may never be revealed
Christchurch ratepayers may never know how much they are forking out for the new stadium's insurance. Christchurch City Council will not say what it currently costs to insure the new $683 million stadium – and it will not divulge the figure…
Global trade at risk as insurers suspend cover following Iran conflict
More than half of the world's largest maritime insurance firms are set to cease covering war risks for ships entering the Persian Gulf after conflict broke out in the Gulf region, following the US and Israel's launch of strikes on Iran on Saturday.
Mosaic Defense: Iran's Strategic Insurance Policy Against Enemy Decapitation Attacks
“It's clear that Iran's military and political leadership assumed that some of them would be killed in a first strike. Therefore, plans were developed in advance, and necessary resources allocated, to ensure that waves of missile attacks by…
War in West Asia: As ships halt Hormuz transits, why insurers are rushing to cancel war risk covers
Global shipping lines have suspended vessel movements through the Strait of Hormuz, while war risk insurance firms acted quickly to issue cancellation notices for ships operating in the Middle East, signalling a sharp escalation in maritime risk…
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