Insurance Industry News
A collection of Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Cross-sector background check scheme to cover life insurance agents in banks, insurers in July
A cross-sector background check scheme will expand to cover all life insurance agents in banks and insurers in July to root out “rolling bad apples,” Hong Kong de facto central bank said. SCROLL TO CONTINUE WITH CONTENT Through the…
Samsung Fire rolls out Korea's first autonomous vehicle insurance
SEOUL, May 13 (UPI) -- South Korea's Samsung Fire and Marine Insurance said Wednesday it joined a pilot initiative aimed at testing a model for autonomous vehicle insurance. Samsung Fire signed a memorandum of understanding with the Ministry of…
Nearly 1 million Californians face home insurance spike in coming months
California homeowners insured by Farmers Insurance Group are set to see their premiums rise later this year after state regulators approved a new pricing plan that allows a limited increase in exchange for broader coverage commitments. The…
PE-Owned Insurers Boosting Private Credit Holdings, Study Finds
Life insurance companies owned by private equity firms have quietly reshaped their portfolios, piling into higher-yielding alternative credit in a shift that's entangled the industry with the broader financial system, according to a study from…
California's Home Insurance Market Is in Crisis. Can a New Insurance Commissioner Fix It? | KQED
Failed to save article Please try again California is in the grip of a home insurance crisis. Climate change, wildfires and inflation are driving costs through the roof, major insurers have fled the state or dropped coverage and the state's…
How to Access Money From Life Insurance While Alive
Most life insurance policies offer ways to access money while you're still alive. The options available depend on the type of policy. Each option has different benefits, risks, costs and tax implications. People usually buy life insurance to help…
According to Farmers Insurance, Hail Claims Rise During Spring Storm Season--Important Home and Car Coverage Details to Review
'Many homeowners may not be fully aware of how their homeowners insurance policy would cover roof damage caused by hail,' said Bobby Massey, Head of Catastrophe Claims at Farmers Insurance. 'Our goal is to help customers feel informed and supported…
Raise Financial Services acquires GreenLife Insurance Broking
Raise Financial Services, which operates platforms such as Dhan, Fuzz AI, Upsurge, Filter Coffee and Stratzy, has acquired GreenLife Insurance Broking, an IRDA-registered insurance broker, in an all-cash-and-stock deal as it expands into the…
GIC Re appointed manager of $1.4-b Bharat Maritime Insurance Pool
General Insurance Corporation of India (GIC Re) on Wednesday said it has been appointed by the Government of India as the Manager of the $1.4 billion Bharat Maritime Insurance Pool (BMIP). This sovereign-backed maritime insurance pool, launched by…
Eurolife named top life insurer in Cyprus for sixth year running
Eurolife on Wednesday announced that it has been recognised as the leading life insurance company in Cyprus, securing the title of Best Life Insurance Company Cyprus 2026 at the Global Banking and Finance Awards 2026 for the sixth consecutive year.
Arkansas government health insurance plan recipients should expect to see increases, official tells state panel | Arkansas Democrat Gazette
Most state employees and retirees in state government's health insurance plans for public school and state employees would pay more for their coverage, with increases ranging from nearly 5% to nearly 10%, during calendar year 2027 under proposed…
Zacks Research Downgrades Heritage Insurance (NYSE:HRTG) to Strong Sell
Heritage Insurance (NYSE:HRTG - Get Free Report) was downgraded by investment analysts at Zacks Research from a 'strong-buy' rating to a 'strong sell' rating in a report released on Monday, Zacks.com reports. HRTG has been the topic of several…
California Says GM Made $20 Million Selling Driver Data Headed For The Insurance Industry
General Motors sold personal and sensitive driver data to two major brokers. Automaker must purge every retained driver record within the next 180 days. California banned the company from selling driver data for the next five years. As modern…
Florida homeowners' eye possible changes to federal flood insurance as hurricane season nears
FLORIDA – With hurricane season weeks away, Florida homeowners are watching Washington amid uncertainty over the future of FEMA's National Flood Insurance Program, which helps millions recover after floods. Residents in flood-prone…
Receive a Daily briefing on Insurance Industry News
Get Started