Insurance Industry News
A collection of Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Extreme Heat And Fire Risk Upend Home Insurance And Mortgage Markets
Rising temperatures are triggering more wildfires and causing other damage to housing. Last month is contending to be the hottest month on record in the U.S. With temperatures routinely in the three digits in parts of the country that normally…
Hong Kong insurers' shares drop as Beijing taxes offshore insurance income
China's mainland tax authorities have begun levying taxes on insurance policy income earned offshore, according to four people with direct knowledge of the matter, sending Hong Kong-listed shares of major insurers, led by Prudential (2378) and AIA…
SBI Insurance Group 1Q Net Y2.38B Vs Net Y2.17B
SBI Insurance Group Co. Ltd. (7326.TO) Japan 1st Quarter Ended June 30 GROUP 2026 2025 Revenue Y42.14 bln Y34.95 bln Pretax Profit Y6.02 bln Y4.88 bln Net Profit Y2.38 bln Y2.17 bln Per share Earnings Y95.90 Y87.36 Results are based on Japanese…
Hang Seng Index pares losses on Thurs afternoon, as investors rethink insurance crackdown impact
Hong Kong stocks pared some losses weighted by insurers in the afternoon trade on Thursday, as investors reevaluated the impact of China's latest regulatory crackdown on offshore insurance income. SCROLL TO CONTINUE WITH CONTENT The benchmark Hang…
Hang Seng Index slumps over 450 points at noon on Thursday, insurers sink
Hong Kong stocks plunged over 450 points by noon on Thursday, dragged by insurers and banks. SCROLL TO CONTINUE WITH CONTENT The benchmark Hang Seng Index fell by 452 points, or 1.8 percent to 25,463 points at noon. AIA (1299) shares slid 8.8…
Hartford Insurance Group Inc. stock outperforms competitors on strong trading day
Shares of Hartford Insurance Group Inc. HIG rallied 1.09% to $143.60 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA rising 0.49% to 54,349.12 and the S&P 500…
Shares of major Hong Kong insurance, finance firms tumble amid 20% levy report
Shares of major Hong Kong-listed insurance and financial institutions tumbled on Thursday, after reports surfaced that mainland Chinese authorities had begun taxing gains on offshore insurance policies bought by mainland visitors in the city…
The Hartford Insurance Group, I (HIG) Stock Forecasts
Hartford Financial Services Group Inc. is a leading multiline insurance company. Hartford's primary businesses are Business Insurance, Personal Insurance, and Employee Benefits. The company distributes its insurance products and other financial…
Orient Insurance's revenue jumps 17%
United Arab Emirates-based Orient Insurance PJSC recorded a 17% year-on-year increase in insurance revenue to 5.2 billion United Arab Emirates dirham ($1.4 billion) for the first half of 2026, Middle East Insurance Review reported. The company's…
Hailstorm insured losses hit $2.4 billion
Toronto-based Catastrophe Indices and Quantification Inc. has published a final insurance industry loss estimate of 3.4 billion Canadian dollars ($2.4 billion) for the severe hailstorm that struck Calgary, Alberta, Canada, on Aug. 5, 2024, Artemis…
No laughing matter: Survey finds nearly 16% of Chicago comedians lack access to health insurance
As the Health Alliance for Chicago Comedians launched, Elizabeth Grossman started to hear from other artists — like musicians and actors — seeking solutions for accessing health care. This week, the Chicago-based group released its…
Bajaj General Insurance, Swiss Re Group arm ink MoU for commercial insurance partnership
Bajaj General Insurance (formerly Bajaj Allianz General Insurance Company) and Swiss Re Corporate Solutions have signed a memorandum of understanding (MoU) to explore a commercial insurance partnership in India. The partnership, subject to…
Zurich Insurance posts profit above expectations
(Reuters) – Zurich Insurance on Thursday reported a half-year operating profit above market expectations and lifted its guidance for the life insurance unit, reflecting strong growth in the business. Europe's second-largest insurer by market…
China's tax authorities reportedly impose 20% levy on offshore insurance policy gains
Chinese tax authorities have begun to enforce a 20% personal income tax on gains from offshore insurance policies, including dividends and interest on prepaid premiums, according to a report by Caixin, triggering sharp sell-offs in financial stocks…
Prudential shares tumble as China offshore insurance tax sparks 'investor panic
Shares in insurer Prudential fell as much as 13 percent on Wednesday after Caixin reported Chinese mainland tax authorities have started levying personal income tax on returns from offshore insurance policies, the latest sign of tighter scrutiny of…
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