Insurance Industry News
A collection of Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
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…
Does car insurance affect credit score?
Auto insurance can save a driver's finances from ruin if they get into an accident, but owning a policy can put their credit scores at risk. Much has been made about how credit scores can impact car insurance premiums – by more than double…
Best Car Insurance in Pennsylvania 2025
Travelers offers the best car insurance in our Pennsylvania analysis, thanks to its below-average rates and low level of complaints. Erie, Progressive and State Farm are also top-rated in our evaluation. The average cost of full coverage car…
Watch Insurers Boosting Private Credit Holdings: Study
Insurers Boosting Private Credit Holdings: Study Bloomberg's Emily Graffeo joins Dani Burger on 'Bloomberg Deals.' Life insurance companies owned by private equity firms have quietly reshaped their portfolios, piling into higher-yielding…
Samsung Fire rolls out Korea's first autonomous vehicle insurance
SEOUL, May 13 (UPI) -- South Korea's Samsung Fire and Marine Insurance said Wednesday it joined a pilot initiative aimed at testing a model for autonomous vehicle insurance. Samsung Fire signed a memorandum of understanding with the Ministry of…
Jack Ma-Backed Insurer Yunfeng Financial Launches Gold Token
Yunfeng Financial is leveraging its strong balance sheet and a strategic ether reserve to turn physical assets into a digital financial tool for professional investors in Hong Kong Yunfeng Financial has launched a digital token backed by gold…
Nearly 1 million Californians face home insurance spike in coming months
California homeowners insured by Farmers Insurance Group are set to see their premiums rise later this year after state regulators approved a new pricing plan that allows a limited increase in exchange for broader coverage commitments. The…
Fidelis Insurance: Q1 Earnings Snapshot
PEMBROKE, Bermuda (AP) — PEMBROKE, Bermuda (AP) — Fidelis Insurance Holdings Ltd. (PLGO) on Wednesday reported net income of $108 million in its first quarter. On a per-share basis, the Pembroke, Bermuda-based company said it had…
PE-Owned Insurers Boosting Private Credit Holdings, Study Finds
Life insurance companies owned by private equity firms have quietly reshaped their portfolios, piling into higher-yielding alternative credit in a shift that's entangled the industry with the broader financial system, according to a study from…
South Florida homeowners weigh risks as some go without insurance ahead of hurricane season
Florida ranks among the most expensive states in the nation for home insurance, prompting some South Florida homeowners to forgo coverage altogether – even as hurricane season approaches. According to Bankrate, only Nebraska and Louisiana…
California wildfire survivor rips insurers, state government for failing victims' recovery
A survivor of the devastating Eaton Fire blasted state government for a lack of oversight in ensuring insurance firms paid out for recovery efforts in fiery testimony before California lawmakers Wednesday. Joy Chen, executive director of the Every…
Home vs Renters Insurance: Find Your Perfect Coverage
Understanding the differences between Home Insurance and Renters Insurance is critical for anyone looking to protect their living space. As an agency specializing in insurance, we often encounter clients unsure about which policy best suits their…
Watkins Insurance Group Expands Private Client Practice with Addition of Industry Veteran Patrick McFadden
AUSTIN, Texas, May 13, 2026 (SEND2PRESS NEWSWIRE) — Watkins Insurance Group, a leading independent insurance agency in Texas, has announced the addition of Patrick McFadden as a Private Client Insurance Advisor. McFadden brings 30 years of…
Combined Canada Introduces New Cancer Care Insurance Product to Help Canadians Manage the Financial Impact of Cancer
New offering provides flexible, cost-effective coverage designed to address rising out-of-pocket costs and deliver peace of mind MARKHAM, ON, May 13, 2026 /CNW/ -- Combined Canada, a Chubb Benefits Company and leading provider of supplemental…
CapitaLand Investment expects more big mandates after $2.4 billion Income Insurance win
Sign up now: Get ST's newsletters delivered to your inbox Published May 14, 2026, 08:36 AM SINGAPORE – Singapore-listed real asset manager CapitaLand Investment (CLI) expects to win more large institutional mandates after securing a $2.4…
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