Insurance Industry News
A collection of Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Global growth of EVs faces hurdles in insurance, charging gaps, says BNP Paribas
The global energy crisis may be pushing the balance towards pure electric cars amid worries about surging petrol bills, but BNP Paribas is cooling down expectations as a lack of charging infrastructure and high insurance costs remain major…
What is credit insurance and do you need it?
Select independently determines what we cover and recommend. We earn a commission from affiliate partners on many offers and links. This commission may impact how and where certain products appear on this site (including, for example, the order in…
Few Foreign Ships Seen in Hormuz Amid Reports of Iran's Insurance Plan
The Strait of Hormuz remains effectively closed to commercial shipping, with maritime traffic reduced to a trickle and dominated by Iranian-linked vessels. There were few notable foreign-affiliated movements amid reports of Iran's Bitcoin-backed…
Insurance commissioner candidates float bigger California role
This story was originally published by CalMatters. Sign up for their newsletters. A few of the candidates vying to be California's next insurance commissioner want to address the insurance crisis by having the state take a bigger financial role.
Prudential strikes 35 billion rupee cash deal to buy 75 percent of India's Bharti Life Insurance
Prudential (2378) announced on Sunday that it has agreed to acquire a 75 percent stake in Bharti Life Insurance Company as part of a strategic repositioning of its India operations. SCROLL TO CONTINUE WITH CONTENT The transaction is for an initial…
Iran plans to offer insurance for Hormuz transit: Will it work?
Iran has moved a step further in its attempts to formalise its effective control over the Strait of Hormuz after the country's top security organ announced the formation of a new body to manage the key passage. The country's Supreme National…
Why your insurance bill is exploding - and the new push to make oil companies pay
Desperate to get a handle on rising property insurance costs driven by natural disasters, some state lawmakers are opening up a new line of attack in the effort to force oil companies to bear the cost of climate change effects. In three states…
Insurance commissioner candidates float bigger California role
A few of the candidates vying to be California's next insurance commissioner want to address the insurance crisis by having the state take a bigger financial role. Some of the problems they're trying to solve include: Not all insurance companies…
Insurer wins coverage dispute over IVF genetic testing fraud claims
A specialty insurer does not have to defend a fertility genetics firm against a class action lawsuit alleging that it misled patients about the accuracy of a controversial embryo screening test, a federal judge in Illinois ruled last week. In…
From fuel discounts to fitness coverage, card issuers and insurers roll out everyday perks amid rising living costs
As inflation reshapes consumer priorities, Korea's card and insurance sectors are rolling out more products tailored to everyday spending habits, industry officials said Monday. Rather than offering broad, one-size-fits-all benefits, these firms…
US-Iran LIVE UPDATES: Iran launches bitcoin insurance service for ships in Strait of Hormuz
President Donald Trump moved to drop his $US10 billion lawsuit against the Internal Revenue Service over the 2019 leak of his tax information. The filing in Miami Monday morning contained few details other than the request to drop the suit by…
Prudential's Strategic Move: Acquires 75% Stake in Bharti Life Insurance, Divests ICICI Pru Life Holding
Global insurance giant Prudential plc is set to significantly expand its footprint in the lucrative Indian market by acquiring a 75 per cent controlling stake in Bharti Life Insurance for ₹3,500 crore, while simultaneously divesting its…
Liberty Mutual raises stake in Liberty General Insurance to 74%
Liberty Mutual Insurance has increased its shareholding in Liberty General Insurance (LGI) to 74% from 55.40%. “India remains an important market... [offering] significant opportunity for growth. Increasing shareholding in Liberty General…
How changing health insurance company can be a nightmare
A man wants to switch health insurers and suddenly receives premium invoices from two insurers. Problems with switching are more common than you might think - and can have unpleasant consequences. A man wants to switch health insurers, but instead…
Liberty Mutual hikes stake in Indian arm to 74%, deepens bet on fast-growing insurance market
3 min read Mumbai Make us preferred source on Google US-based Liberty Mutual Insurance has increased its stake in Liberty General Insurance Ltd (LGI) to 74% from 55.40%, underscoring the growing footprint of foreign insurers in the country. The…
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