Insurance Industry News
A collection of Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
The Shortcomings Of Health Insurance & The Rise Of Transparent Pricing
Clarissa Windham-Bradstock, Chief Executive Officer at Any Lab Test Now. Half of all American workers are in high-deductible health plans, according to the U.S. Bureau of Labor Statistics. Employers pay an average of $9,325 in annual…
Insurance reform to boost public welfare - Opinion
Ma Xuejing/China Daily The State Council, China's Cabinet, recently decided to transfer 10 percent equity shares of State-owned enterprises and financial institutions to the National Council for Social Security Fund. A pilot program for such…
When Insurance Disappears, Economies Follow. The G7 Has A Unique Opportunity To Act
(Photo by Emidio JOZINE / AFP via Getty Images) Every time a flood wipes out a town in Mozambique, a drought devastates smallholders in the Sahel, or a wildfire tears through communities in southern Europe, the question that follows is always the…
Fidelity Life Insurance Review
Fidelity Life specializes in life insurance policies that don't require a medical exam. It sells term life, senior whole life, guaranteed-issue, accidental-death and final-expense life insurance. The company offers policies geared toward senior…
North Carolina homeowners insurance rates rising 7.5%; Democrats call hike 'insurance crisis
North Carolina homeowners will soon see an average 7.5% increase in homeowners insurance rates statewide. The increase takes effect June 1 and comes after negotiations between Insurance Commissioner Mike Causey and the insurance industry. Insurers…
Opinion | How war-risk marine insurance can set Hong Kong apart
As conflict in the Middle East sends marine insurance costs surging, Hong Kong has an opening to prove that it is more than a port city by becoming a trusted centre for risk pricing, legal certainty and maritime resilience. When tensions rise in…
Baldwin Insurance Stock: Growth Set To Accelerate Despite AI Fears (NASDAQ:BWIN)
Baldwin Insurance Group remains a buy despite recent underperformance, with shares down nearly 50% over the past year. Organic growth has slowed to 2%, but management expects acceleration in H2 as Medicare headwinds subside and CAC synergies are…
She paid an insurance company $99,000 to generate retirement income for life. Then it collapsed.
When Annie Benjamin invested $99,000 in an annuity 10 years ago, she trusted the insurance company to provide her with retirement income. She also relied on the company's regulator to ensure the insurer could meet its obligations. Benjamin's trust…
Citigroup Sees a Return Opportunity in Insurance Brokers, Upgrades Arthur J. Gallagher (AJG)
Arthur J. Gallagher & Co. (NYSE: AJG) is included among the 10 Best Long Term Low Risk Stocks to Buy According to Hedge Funds. On May 7, Citigroup upgraded Arthur J. Gallagher & Co. (NYSE:AJG) to Buy from Neutral and set a $250 price target, down…
Canadian insurers propose earthquake backstop
Canadian property and casualty insurers have proposed a public-private earthquake backstop called the Canadian Earthquake Risk Protection Act, according to the Insurance Bureau of Canada, Canadian Underwriter reported. The solution would operate on…
As ACA enrollment drops, higher insurance rates may follow
Enrollment in the Affordable Care Act continues to erode as some customers struggle to make premium payments, with the declining numbers churning market uncertainty for insurers. In response, insurers are likely to raise rates again next year…
Security is like insurance: You only value it after the crash
Derryn Bentley, head of new business development at Info.Blueprint. The most sophisticated technical defences in the world can be undone by a single person. According to the 2023 Verizon Data Breach Investigations Report, 74% of all breaches…
One of California's largest insurers will hike rates 30% this fall
Starting in October, customers on the California FAIR Plan will get hit with the insurer's largest rate hike in years. Premiums will rise overall by just under 30% for the FAIR Plan's nearly 663,000 residential policyholders. But the exact number…
Why banking and insurance platforms embed document generation, rather than build it
Embedding document generation. (Image: DocFusion) As data protection regulators have stepped up enforcement on regulated industries over the last few years, a quiet pattern has surfaced inside banks and insurers. The systems generating…
Kennedy fires heads of task force that sets insurance coverage rules
Health Secretary Robert F. Kennedy Jr. fired the co-chairs of the U.S. Preventive Services Task Force last week. Why it matters: The move could open the task force up to more political influence. It comes as the administration prepares to vet new…
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