Insurance Industry News
A collection of Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Here's how to decide when travel insurance is worth it
My earliest memory of travel insurance was the life insurance vending machines that used to populate airports up until the early 1980s. For those too young to remember this bizarre part of 20th century air travel, these kiosks offered very…
Insurers step up prior authorization reforms
Major health insurance companies on Friday said they were accelerating efforts to streamline prior authorization requirements and reduce administrative burdens for providers. The commitment was signed by about 50 companies, including…
US Life Insurers Have Shifted More General Account Risk Offshore
US life insurers have shifted more of their general account risk to entities abroad than in the US as of year-end, the first time that offshore reinsurance hubs have overtaken domestic ones for that business. Deals to cut the risk of US life…
Democrats Created Today's Insurance Mess. Republicans Are Fixing It.
America's insurance system is broken — and patients are rightfully frustrated. But Democrats are exploiting that frustration to push for a cure that would be worse than the disease: socialized medicine. U.S. Democrat Rep. Alexandria…
Selective Insurance Looking To Rebuild Investor Confidence During Soft Market Cycle (SIGI)
Stephen Simpson 20.89K Followers Selective Insurance Group faces a challenging environment as insurance markets soften and claims costs continue to rise, squeezing underwriting profits. Recent reserve charges and elevated loss picks, especially in…
Norfolk Southern's profit fell 27% as it didn't collect insurance payments for Ohio derailment
Ohio The Atlanta-based railroad said Friday that it earned $547 million, or $2.43 per share. That's down from $750 million, or $3.31 per share, a year ago. Norfolk Southern railroad's first-quarter profit fell 27% because it didn't collect big…
Conway-based American Safeguard Insurance opening office in Springdale | Arkansas Democrat Gazette
An Arkansas-based insurance company with three locations in the state has opened an office in Springdale, its first in Northwest Arkansas. American Safeguard Insurance has also hired Tracy Finn as the regional vice president for Northwest Arkansas.
Gov. Polis unveils plan aimed at cutting Colorado home insurance costs by up to $800 a year
Gov. Jared Polis and Division of Insurance Commissioner Mike Conway unveiled a “roadmap” on Thursday that they say will save the average Coloradan $800 a year on homeowner's insurance. Colorado has some of the highest homeowners'…
Insurance Quoting Enters the AI Conversation Layer
Simply Business, a digital insurance marketplace for small businesses and a subsidiary of The Travelers Companies, launched a business insurance app inside ChatGPT in the U.S., connecting the platform's conversational interface to its pricing…
Michigan Parents Are Getting Hit With Surprise Car Insurance Rules - And Drivers Nationwide Should Pay Attention
Get Kiplinger Today newsletter — free Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up. Contact me with…
Oklahoma Supreme Court to hear arguments in State Farm Insurance dispute
OKLAHOMA CITY — The Oklahoma Supreme Court will hear oral arguments Monday in a case involving State Farm Fire and Casualty Co. and homeowners Billy and Lacy Hursh. The case began as a dispute over a denied roof damage claim and has evolved…
M&T Bank Corp Increases Holdings in Goosehead Insurance $GSHD
M&T Bank Corp raised its stake in shares of Goosehead Insurance (NASDAQ:GSHD - Free Report) by 1,075.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 115,834 shares…
FedEx Corporation $FDX Holdings Lifted by Cherokee Insurance Co
Cherokee Insurance Co raised its position in FedEx Corporation (NYSE:FDX - Free Report) by 20.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional…
The Anaheim Ducks' future has arrived - igniting a patient fanbase
ANAHEIM, Calif. — Eight years without postseason hockey can leave a fanbase with some pent-up emotions. An overflowing, towel-waving crowd filled the Honda Center before the anthems and let the Anaheim Ducks know Game 3 was something long…
Selective Insurance Group, Inc. $SIGI Shares Acquired by Cwm LLC
Cwm LLC raised its position in Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) by 103.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 27,039 shares of the insurance provider's stock after…
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