Insurance Industry News
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Cross-sector background check scheme to cover life insurance agents in banks, insurers in July
A cross-sector background check scheme will expand to cover all life insurance agents in banks and insurers in July to root out “rolling bad apples,” Hong Kong de facto central bank said. SCROLL TO CONTINUE WITH CONTENT Through the…
California's Home Insurance Market Is in Crisis. Can a New Insurance Commissioner Fix It? | KQED
Failed to save article Please try again California is in the grip of a home insurance crisis. Climate change, wildfires and inflation are driving costs through the roof, major insurers have fled the state or dropped coverage and the state's…
How to Access Money From Life Insurance While Alive
Most life insurance policies offer ways to access money while you're still alive. The options available depend on the type of policy. Each option has different benefits, risks, costs and tax implications. People usually buy life insurance to help…
Huge cuts to national disability insurance scheme aim to save more than $36bn in budget's largest single measure
The government expects to recoup $36.2bn by curbing the national disability insurance scheme's growth over the next four years as it looks to return to the NDIS's “original purpose” of supporting people with “significant and…
Gulf political insurance rates set to rise: Willis
The ongoing instability in the Middle East is expected to affect political insurance pricing, with premiums in Gulf countries forecast to rise by 20% to 30%, according to U.K.-based Willis Towers Watson plc, Reinsurance News reported. The broker…
Orient Insurance's first-quarter profit rises 9%
United Arab Emirates-based Orient Insurance PJSC recorded a 9% year-on-year increase in first-quarter net profit after tax to 341 million Emirate dirham ($93 million), Khaleej Times reported. In the same period, the firm's insurance revenue rose…
Aon hires former WTW senior cyber insurance leaders
Aon said Tuesday it has hired former Willis Towers Watson cyber leaders Jason Warmbir, Petra Strojilova and Matt Danielak. They will report to Brent Rieth, Aon's global cyber leader. Chicago-based Mr. Warmbir was previously head of North America…
Farmers Insurance Group drops another rate hike as 1M California customers despair
A popular home insurer in California is hiking rates for homeowners this fall. Farmers Insurance Group, known for its “We are Farmers” jingle with actor JK Simmons, will raise rates by 1.5% at the next renewal date in September. The…
Trump's Oval Office Misstep Overshadows DOL's $120,000 IVF Insurance's Second Goal
The United States Department of Labor (DOL) proposed a new rule. It would structure employer-sponsored fertility coverage. It would also set a lifetime cap of $120,000 per person, according to Atlanta Blackstar. The proposal marks a major shift in…
Consumer Reports provides tips to lower homeowners insurance costs
Consumer Reports provides tips to lower homeowners insurance costs EVENING. CHRIS. WE'VE GOT FULL FORECAST COMING UP IN JUST A FEW MINUTES. BLAME IT ON THE WEATHER AND INFLATION. EVEN IF YOU HAVEN'T FILED A CLAIM, CHANCES ARE THAT YOU'RE PAYING…
Eurolife named top life insurer in Cyprus for sixth year running
Eurolife on Wednesday announced that it has been recognised as the leading life insurance company in Cyprus, securing the title of Best Life Insurance Company Cyprus 2026 at the Global Banking and Finance Awards 2026 for the sixth consecutive year.
Arkansas government health insurance plan recipients should expect to see increases, official tells state panel | Arkansas Democrat Gazette
Most state employees and retirees in state government's health insurance plans for public school and state employees would pay more for their coverage, with increases ranging from nearly 5% to nearly 10%, during calendar year 2027 under proposed…
Deposit insurance should prevent bank runs, not just react to them
Key insight: Calls to replace proposed deposit insurance reforms with a revived Transaction Account Guarantee program would make the federal government's role in a bank run purely reactive. What's at stake: By the time emergency tools are deployed…
California Says GM Made $20 Million Selling Driver Data Headed For The Insurance Industry
General Motors sold personal and sensitive driver data to two major brokers. Automaker must purge every retained driver record within the next 180 days. California banned the company from selling driver data for the next five years. As modern…
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