Insurance Industry News
A collection of Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
SoftBank's PayPay to buy T&D's life insurer for $840 million
SoftBank Group's payments unit is buying the life insurance unit of T&D Holdings for ¥134.3 billion ($840 million) to broaden its offerings and better compete in Japan's ballooning fintech market. PayPay, Japan's dominant payments app, said it…
Insurance commissioner candidates make their pitch to Democrats in runoff
“Those that know me know that I have made a reputation in my industry as the ‘pushback agent' to corporate,” he said in an Atlanta Press Club forum last weekend. “Georgians can count on me working for them and not the…
SoftBank Group's PayPay to Buy Majority Stake in Japanese Life Insurer
PayPay is seeking to acquire 70.2% of the shares in T&D Financial Life Insurance from Tokyo-listed T&D Holdings for an estimated 134.34 billion yen, equivalent to $839.2 million, with the consideration to be funded by cash on hand, PayPay said in a…
Airbnb to Offer Paid Earnings Protection Insurance to Certain Hosts
Airbnb is offering a paid insurance option for some of its hosts that covers income loss from unexpected events. The online marketplace for short-term rentals said Wednesday the offering aims to provide U.S. hosts with a financial safety net when…
Heritage Insurance: Correction Is Not Yet Over, But Buying Opportunities Reappear (HRTG)
Heritage Insurance Holdings is upgraded from hold to soft buy following a 20% correction and improved valuation. HRTG demonstrates disciplined underwriting, tighter risk exposure, and robust liquidity, supporting sustainability amid inflation and…
Exclusive: Investors bet $40 million on Honeycomb's no-inspection home insurance AI
Itai Ben-Zaken might be one of the only insurance tech founders who doesn't need investors' money—but he'll still take it. He's the CEO of Honeycomb Insurance, an AI-native insurer specializing in apartment buildings and condo associations.
Insurance leaders breaking away to start their own carriers
Chief executives at India's general insurance firms are stepping down to launch their own insurance ventures or take founding stakes in new ones, moneycontrol.com reported. Neelesh Garg, former Tata AIG General Insurance Company Ltd. managing…
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Can a samosa explain health insurance? Star Health's new 'Paisa Vasool' campaign thinks so
Health insurance has long suffered from a communication challenge. The category is important, often urgent, but rarely simple. Premiums, coverage limits, exclusions and benefits can feel distant from everyday life, particularly for first-time…
Parametric insurance extending coverage to climate-hit farmers
71bd60b2-2874-44a3-9129-08b7c4a5bd45 Stefan Wunderlich, Beazley head of alternative risk transfers and parametrics, left, and Brad Adderley, Appleby Bermuda managing general partner (Photograph by Jessie Moniz Hardy) Climate variability is creating…
If It Travels, Tows or Floats, It Deserves a Policy--Farmers Insurance Shares Key Seasonal Coverage Checks for Boats, RVs, Motorcycles and More
'Seasonal transitions are a helpful time for owners to review their coverage and make sure it still reflects their vehicle or boat — including its current value,' said Todd Shasha, Director of Product Management at Farmers. 'Farmers…
Florida man buys off-grid Maine cabin to escape climate change and rising insurance costs
This is part of the BDN's Home Buying series that shares the stories of Mainers who became homeowners despite the state's volatile real estate market. Want to share your experience buying a home in Maine? Email. A Florida man will move to a rustic…
Israeli digital insurer Honeycomb raises $40m
Israeli digital insurer Honeycomb Insurance, which specializes in apartment buildings and condo associations, today announced the completion of a $40 million financing round. The round was led by Zeev Ventures, with participation from existing…
Race for CA insurance commissioner is more consequential than ever
State Senator Ben Allen, who represents the Palisades area, was in second place, according to the latest tally Wednesday.
AI is the top investment area for 3 out of 4 insurance CEOs
73% of insurance CEOs see AI as a major investment priority Business leaders have 'made significant progress in understanding AI' Productivity is still a major attraction, but compliance and security can be concerns New KPMG data has revealed that…
Texas leads nation in flood insurance cancellations as costs rise ahead of hurricane season
HOUSTON – As hurricane season begins, Texas is losing flood insurance coverage faster than any other state in the nation, raising concerns among flood experts and researchers in a state with a long history of devastating floods. Data from…
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