Insurance Industry News

Beware These Insurance Sales Traps

If a bank sold the policy, complain to its grievance cell and, if necessary, escalate the complaint to the Reserve Bank of India Ombudsman. The Insurance Regulatory and Development Authority of India (Irdai) has imposed a Rs 1 crore penalty on…

India Seeks to Revive Insurance Growth by Slashing Steep Commissions

Welcome to India Edition, Bloomberg's daily dive into what's moving the worlds of business, markets and politics in this dynamic, fast-paced economy. I'm Menaka Doshi. If you didn't receive this directly in your inbox, you can subscribe here, and…

America's Pothole Problem: Can Car Insurance Cover Damage?

Pothole damage is often covered under collision insurance.. Potholes can damage tires, rims, wheel alignment, exhaust system and more. Car insurance does not cover maintenance issues, such as tire damage from prolonged exposure to poor road…

South Africa's Newest Lender Seeks to Take On Banks and Insurers

The fight for banking clients is hotting up in South Africa as the newest entrant works to become the preferred lender in a key sector of the continent's biggest economy. OM Bank is a unit of Old Mutual Ltd., Africa's largest insurer by assets, and…

Additional insured explained: What it means, who needs it, and how coverage works

Global marine insurance premiums rise to $42.6 billion

Global marine insurance premiums increased 5.5% to $42.6 billion in 2025, although market conditions remained soft as increased capacity and competition pressured rates, according to the International Union of Marine Insurance, Insurance Asia…

Top Insurance Companies: USAA, New York Life, Farmers Among Standouts In Customer Trust

Over time, the market for auto and home insurance resembles a roller coaster. It cycles through years of soaring prices as insurers retrench and avoid chasing new customers. In go-go periods, by contrast, the market stabilizes. Competition among…

IAG pursues RAC Insurance acquisition despite regulatory rejection

Australia's competition regulator has rejected IAG's proposed $1.35 billion acquisition of RAC Insurance, citing concerns that the deal would significantly increase IAG's market share and reduce competition in Western Australia, Insurance News…

Insurers to pay nearly $177M to settle Buffalo Diocese sex abuse claims

A group of insurers led by a unit of CNA Financial has agreed to pay nearly $177 million to resolve coverage disputes tied to child sexual abuse claims against the Roman Catholic Diocese of Buffalo, according to a motion filed Tuesday in the…

Ramanathapuram farmers express frustration over crop insurance delays

Expressing frustration over unresolved agricultural grievances, Ramanathapuram farmers at the grievance redress meeting here on Friday demanded immediate action against fertilizer shops that failed to display price lists, withhold purchase…

'Princess Diaries' Star Heather Matarazzo Reveals She May Lose Health Insurance If She Doesn't Work Again Soon: 'Lots of Actors' Are in the 'Same Boat'

“Princess Diaries” star Heather Matarazzo revealed she may not qualify for health insurance if she doesn't find work soon. The actress, who starred alongside Anne Hathaway in the “Princess Diaries” films as Lilly…

State regulators push back on Sen. Warren's insurance probe

Key insight: The trade group representing state insurance commissioners has rejected calls for federal guardrails, arguing that states are actively conducting oversight. What's at stake: State regulators have adopted new guidelines to stress-test…

As Health Insurance Costs Soar, Healthcare Workers Also Feel the Pinch

BOISE, Idaho — Joshua and Ashley Durham run a family medicine practice, and for the first time in their lives, they have no health insurance. When the Durhams began their practice at the end of 2023 — he as a primary care physician…

Intelligence doesn't come cheap as AI drives up costs for the NSA, hospitals, and insurers

Nano Banana Pro prompted by THE DECODER The NSA is reportedly spending billions of dollars to test AI models, mostly on computing power. In US health care, AI drives up costs in a different way. It makes care itself more expensive because hospitals…

Search & Exam is Still Manual in Title Insurance

Nearly every step in a real estate closing has gone digital over the past decade. From buyers signing disclosures on a tablet, to notaries working remotely, to lenders running automated underwriting models that clear a loan file in minutes. We've…