Insurance Industry News
A collection of Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
There's An Almost 50% Chance Your Car Insurance is Useless
The odds that a car insurer will pay out when a policyholder files a claim have dropped sharply over the past decade, according to a new analysis of thousands of company regulatory filings. Auto insurers declined to pay out on 45% of the auto…
Car insurance surged 50% in six years. Insurers don't tell customers why
Car insurance premiums have surged by about 50 per cent in six years, prompting the financial regulator to blast insurers for failing to adequately explain to customers why they have jacked up prices by so much. The Australian Securities and…
Why an obscure nonprofit organization is jacking up your insurance bills
One example of this is the NAIC's new stringent capital rules. They apply to insurers that invest in certain bonds and private credit investments. The rules force insurers to hold more cash in reserve. If that money is sitting in cash, it's not…
What is gap insurance, and when is it worth buying?
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore…
Car owners should challenge insurers on steep price hikes and 'call their bluff', Asic says
Car owners should challenge motor insurers over steep premium hikes, the corporate regulator advises, after finding many companies were raising prices faster than inflation. In a report released on Tuesday, the Australian Securities and Investments…
ASIC warns opaque car insurers slugging customers 'for loyalty'
The corporate regulator says not a single insurance company is properly explaining to customers why car policy premiums are rising or how they're calculated, making it difficult to compare different options. The Australian Securities and…
Loyalty doesn't pay': Car insurers asked to explain soaring premiums
ASIC says car insurance companies are on notice after a review found premiums soared far beyond inflation in the last year. The corporate watchdog also found five insurers that sold policies under eight brands are not explaining why premiums rise.
Hormuz fee plan faces insurance restrictions
A proposed Iran-Oman agreement giving Tehran greater control over ships entering the Gulf through the Strait of Hormuz and imposing transit fees is unlikely to succeed because of U.S. sanctions and insurance restrictions, according to industry…
Iran conflict looms large in specialty insurers' quarterly reports
The Iran war was widely mentioned in second-quarter earnings reports for insurers with large specialty portfolios, with several reporting increased catastrophe losses for the period, in contrast with results from other commercial insurers who saw…
Life insurance and income protection: What millennials need to know
For many people in their 30s and early 40s, life can feel like a constant balancing act – managing a mortgage, building a career, raising a family and trying to keep up with day to day costs. With so much focus on the here and now, thinking…
Life insurers' new business premium rose 20% in July to ₹47,000 crore
Life insurers in India mobilised ₹47,004.84 crore new business premium in July that in comparison to ₹38,958.05 crore in the year earlier period was 20% higher but only a tad better than ₹46,490.53 crore in June. State-owned…
ENRG Realty offers health insurance for agents nationwide
ENRG Realty is offering its real estate agents access to medical, dental and vision insurance plans nationwide with no waiting periods or annual enrollment windows, the virtual boutique brokerage announced on Monday. The coverage is positioned as…
Cars, nukes and cellphones can help us predict the future of AI
What is the future of artificial intelligence? Movies can provide a first cut, but historical context with other tectonic inventions and events can help determine if AI will prove to be a force for good, ill or in-between. With AI models by…
Vistry shares slide after Allianz 'cuts insurance cover'
Shares in Vistry fell on Monday morning after speculation over its insurance cover prompted fresh fears that the housebuilder is facing cash struggles. The FTSE 250 housebuilder saw its stock slide by nearly eight per cent to 261p in early trading…
Financial Institution Letter: Revised Procedures for Processing Federal Deposit Insurance Applications
The Federal Deposit Insurance Corporation (FDIC) recognizes the importance of processing federal deposit insurance (FDI) applications on a timely basis to help promote the vitality of the banking industry and meet the credit, deposit, and other…
Receive a Daily briefing on Insurance Industry News
Get Started