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Sarabjit Singh

Sarabjit Singh
Pasadena, California, USA
New York Life Insurance Company
TEL : 626-356-7632

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News & Updates
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Capgemini’s World Insurance Report 2019: Insurers Must Respond to Customer Concerns around Emerging-Risk Coverage

The World Insurance Report 2019, published today by Capgemini and Efma, reveals that policyholders are increasingly concerned that their insurance coverage has become insufficient for emerging risks such as cybersecurity to environmental threats

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Insurance sector deal values decline in 2019 first quarter

Disclosed deal value for the insurance sector fell during the first quarter of 2019 to $53.5 million from $29.5 billion during the same period in 2018, according to a report released Thursday by PwC.

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Liberty Mutual to Acquire AmTrust’s Surety, Credit Reinsurance Business

Liberty Mutual Insurance said it has agreed to acquire the global surety and credit reinsurance operations of property/casualty insurer AmTrust Financial Services. Terms of the deal were not disclosed.

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Insurance company faces congressional inquiry over junk policies

A health benefits insurance company is the subject of a Congressional investigation for allegedly selling “junk” plans that discriminate against consumers. The House Committee on Energy and Commerce is probing the “short-term, limited-duration” (STLD) insurance policies sold or brokered by Independence Holding Co.

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UK Insurers, Banks to Get Regulatory Transition Period in Event of Hard Brexit

British regulators will give banks, asset managers, insurers and brokers until mid-2020 to fully comply with rules that replace European Union law in the event of a no-deal Brexit.

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Global Insured Losses From Disasters at $79 Billion in 2018 Swiss Re Sigma Estimate

According to preliminary sigma estimates from Swiss Re, total economic losses from natural and man-made catastrophes in 2018 declined to USD $155 billion from USD $350 billion in 2017.

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Insured Losses from California Wildfires Up to $13B

Insured losses from the Camp and Woolsey wildfires in California will be between $9 billion and $13 billion, according to the latest estimates from catastrophe modeler RMS.

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Indians in 18-35 age group most vulnerable to diabetes

A whopping 73% increase was seen in the number of claims in the 18-35 age group between FY2016 and FY2018. Similarly, a 32% increase was seen in the number of claims in the age group of 35-45.