Insurance Industry News
A collection of Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Thousands in California to see health insurance costs rise
✓ Link copied to clipboard! Thousands of Californians will see their health insurance premiums climb by 8 percent in 2025, Covered California announced this week. While still posing a significant financial hurdle to many Californians, that's…
Jasper wildfire could cost insurance industry an estimated $700M
The Jasper wildfire could cost the insurance industry up to $700 million, making it one of the most expensive wildfire disasters in Canadian history, DBRS Morningstar said Friday. Story continues below advertisement In a new report, the credit…
Hong Kong's Insurance Authority appoints managers to take control of Tahoe Life
A personalised news feed of stories that matter to you Derek Lai from Deloitte Touche Tohmatsu and Oliver Cheng from Deloitte Advisory have been appointed joint managers to handle day-to-day operations at the distressed insurer Hong Kong's…
Norfolk Southern collects insurance payments for some Ohio derailment costs
Norfolk Southern is recovering some of the hefty costs from its derailment in East Palestine, Ohio, last year by collecting insurance payouts. The Atlanta-based railroad collected $156 million from insurance payments in the second quarter of the…
California condo owners to get expanded FAIR plan fire insurance
California plans to extend its last-resort insurance program to cover higher-value properties in areas prone to wildfire, adding new potential liabilities for the already stressed plan. The FAIR plan, which provides coverage to customers who can't…
I'm a financial planner - when my client asked if they should drop their pet insurance, I had 3 options
Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate insurance products to write unbiased…
Universal Insurance Holdings, Inc. (UVE) Q2 2024 Earnings Call Transcript
Universal Insurance Holdings, Inc. (NYSE: UVE) Q2 2024 Earnings Conference Call July 26, 2024 10:00 AM ET Arash Soleimani - Chief Strategy Officer Good morning, ladies and gentlemen, and welcome to Universal Second Quarter 2024 Earnings Conference…
Property insurance market shows 'signs of stabilization,' Florida says
In crisis for years, Florida's troubled property insurance market is showing small signs of improvement, according to the state Office of Insurance Regulation. But homeowners say their insurance premiums are still sky high. In fact, News 6 found…
Does Moving to a New Home Affect Your Car Insurance?
Many or all of the products here are from our partners that compensate us. It's how we make money. But our editorial integrity ensures our experts' opinions aren't influenced by compensation. Terms may apply to offers listed on this page. A…
As California wildfires rage, one Bay Area insurer uses AI for coverage
Categories: Business, California News, Environment, Home and Garden, Latest Headlines, News, Technology, Things To Do, Weather An insurer using AI risk models offered a lifeline to homeowner in Chico, California, who was struggling to get coverage.
Automakers Sold Driver Data To Insurance Companies For Next To Nothing
Your car has been spying on you and collecting data. That alone is worrying to many, but a recent letter sent to the Federal Trade Commission (FTC) by two U.S. Senators show something even more sinister: That data is being sold for pennies on the…
The states with the most expensive car insurance, mapped
The cost of car insurance is hitting high water marks nationwide, though drivers in some states are feeling the pain more than others. Why it matters: Fast-rising insurance rates are contributing to a transportation affordability crisis, especially…
Fraudster made £17k selling bogus car insurance on Instagram
A West London man scammed five figures from Instagram users after posing online as a car insurance salesman with incredibly cheap deals. Wahidullah Usmani raked in £17,618 running an account called @cheap_car_insurance_quote, where he claimed…
SECP unveils survey results on digitalisation in insurance industry
ISLAMABAD - The Securities and Exchange Commission of Pakistan (SECP) has published the findings of its survey on “Mapping the Existing Digital Infrastructure of Insurance,” which provide critical insights into the current state of…
NHCX has 34 insurers, TPAs and 300 hospitals onboard: Health Ministry
Thirty-four insurers and Third-Party Administrator (TPAs) are currently living on National Health Claims Exchange (NHCX) and approximately 300 hospitals are ramping up to start sending their claims on NHCX, as on July 21, the Health Ministry noted…
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