Insurance Industry News
A collection of Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
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The LIC case study: From insurance provider to household name
For generations of Indians, life insurance has often been synonymous with LIC. Established in 1956, the insurer built its position by expanding insurance access across urban and rural India, combining financial protection with long-term savings…
Watchdog warns insurers are offering insufficient cash settlements
Australia's corporate watchdog is sounding the alarm over insurers' use of cash settlements, concerned they could unfairly short-change home owners dealing with a house insurance claim. ASIC has been reviewing the industry's use of cash settlements…
Cash settlements on home insurance claims leaving vulnerable Australians short-changed, Asic says
Home insurers are overwhelmingly paying cash to settle claims, leaving Australians to foot blowouts in repair costs for their cyclone-damaged homes. The corporate regulator is calling for “realistic” bigger payouts, warning the…
Aon nears $17 billion deal to buy insurance broker USI, WSJ reports
Aon is nearing a roughly $17 billion acquisition of insurance broker USI from KKR, according to The Wall Street Journal. An agreement could be announced as soon as Monday, the Journal reported. The potential deal could expand Aon's midsize-business…
Home owners short-changed by insurer cash payouts: ASIC
Australia's financial watchdog says insurance companies are increasingly settling claims on home damage with cash payouts that are sometimes so low they won't fund the repairs disaster-stricken customers need. A review of home insurance by the…
Aon close to acquiring USI Insurance from KKR in $17B deal: report
Aon Plc is close to an agreement to acquire insurance brokerage USI Insurance Services from private equity firm KKR for about $17 billion, including debt, the Wall Street Journal reported on Sunday, citing people familiar with the matter. The deal…
California lawmakers block Newsom's push to stop insurers from suing utility companies that cause wildfires
California lawmakers have rejected Gov. Gavin Newsom 's push to stop insurance companies from seeking reimbursement from utility companies responsible for wildfires. The proposal would have prevented insurers from going after investor-owned…
Packers Trade With Rams for Tucker Kraft Insurance in 2nd Major Add on Cutdown Day
The Green Bay Packers are rounding out their position groups on offense via the trade market on a day that will also see the team part ways with several players on the path to its initial 53-man roster. After dealing for running back Kaleb Johnson…
Gallagher introduces new approach to high net worth risk management amid today's complex insurance landscape
For years, personal insurance for affluent families has been relatively straightforward – find a trusted carrier, renew policies annually and rest assured that homes, vehicles and other valuable assets are protected if disaster strikes. But…
The Roth Conversion That Cost a 62-Year-Old His $9,600 Health Insurance Subsidy
Picture a 62-year-old who retired at 60, lives on roughly $58,000 a year drawn from a taxable brokerage account, and buys his health insurance on the ACA marketplace. In late December, a headline about tax-bracket management convinces him to…
Building the security layer for the digital economy | Market Pulse | HKTDC
Digital insurance specialist OneDegree describes its services as the security layer of the future. The group has already established strong footholds in East Asia and the Middle East – regions where fintech tools and markets are gaining…
How technology can make agricultural insurance better for Indian farmers
Agricultural insurance is an important safety net for India's farming community, particularly as unpredictable weather events and climate-related risks continue to affect crop yields and farm incomes. With over 100 million farming households…
Prince Harry's courtroom defeat could drive up legal insurance premiums
Prince Harry's High Court defeat to the owner of the Daily Mail could send legal insurance premiums soaring, experts have warned, after the Duke and six other high-profile figures were left on the hook for an uninsured bill of £19m. The Duke…
The Manufacturers Life Insurance Company Invests $9.24 Million in Sanmina Corporation $SANM
The Manufacturers Life Insurance Company bought a new stake in Sanmina Corporation (NASDAQ:SANM - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought…
301,739 Shares in Invitation Home $INVH Bought by The Manufacturers Life Insurance Company
The Manufacturers Life Insurance Company purchased a new stake in shares of Invitation Home (NYSE:INVH - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The…
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