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Insurance for the average consumer is a bit of grudge purchase. It’s a biased negotiation in which many consumers huff and puff, before eventually resigning themselves to the fact that they need car insurance in order to drive legally on the roads and they need home insurance to protect their life treasures.
Michigan Governor Gretchen Whitmer officially signed a landmark no-fault auto insurance reform bill today (May 30). The legislation, which passed with bipartisan support, is designed to lower the state’s
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
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.
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.
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.
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.
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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