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Published on Nov 6, 2024

Quarter of insurers using AI for storm risk assessments

One in four insurers now utilise AI for convective storms and 18% for wildfires. However, stochastic models remain the most popular approach for storms with 45% saying it is their go to tool and traditional actuary models based on historical data are …

Source: Life Insurance International - Label Pending
Published on Nov 6, 2024

Pacific Life Re and Kakao Pay Insurance partner

Pacific Life Re and Kakao Pay Insurance have signed a memorandum of understanding to release sustainable and innovative life insurance solutions in South Korea. The companies will co-develop app-exclusive health insurance products and solutions to …

Source: Life Insurance International - Label Pending
Published on Nov 6, 2024

One Million+ Patients Lose Coverage as Insurers, Hospitals Drop Medicare Advantage

Libby and Andrew Potter usually ignore the avalanche of Medicare Advantage ads that land in the mailbox at their home in Huntsville, Alabama, each fall as Medicare’s open enrollment period begins. Libby, a retired middle school librarian, has what she …

Source: Cancer Health - Label Pending
Published on Nov 6, 2024

Alberta Insurance Regulator Considers When Automobile Extended Warranty, Dealer Loyalty and Similar Products are ...

On October 10, 2024, the Alberta Superintendent of Insurance issued Interpretation Bulletin 05-2024 (“Bulletin”) on the insurance regulatory treatment of motor vehicle warranty contracts, dealership loyalty programs and vehicle protection products. In an …

Source: JD Supra - Label Pending
Published on Nov 6, 2024

Celent Names RegEd a ‘Functional Standout’ in Report on Distribution and Compensation Management Systems in Insurance

Raleigh, NC, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Celent has named RegEd, and its Enterprise Xchange Producer Management solution, as a “Functional Standout” in the research and advisory firm’s report, Insurance Distribution Management Systems: North American …

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Published on Nov 6, 2024

Publication: new Trump term could reshape insurance

Updated: Nov 06, 2024 01:53 PM Republican President-elect Donald Trump (AP Photo/Evan Vucci) The new Trump presidency could reshape the insurance and reinsurance sectors through influencing US trade policy, tax reforms, climate regulations and economic …

Source: The Royal Gazette - Neutral
Published on Nov 6, 2024

Elevance latest insurer to sue over Medicare Advantage star ratings

Photo: Hinterhaus Productions/Getty Images Elevance Health is the latest insurer to sue the Department of Health and Human Services over Medicare Advantage star ratings. Elevance, with affiliates Community Insurance Company in Ohio and Wellpoint in …

Source: Healthcarecare Finance - Label Pending
Published on Nov 6, 2024

Evergrande’s Insurance Arm Taken Over by New State-Owned Insurer

China’s financial regulator Friday approved the takeover of the insurance arm of embattled property giant China Evergrande Group by a newly created state-owned insurer. Haigang Life Insurance Co. Ltd. will assume all of the assets and liabilities of …

Source: Caixin - Uncategorized
Published on Nov 6, 2024

What Small Cities and Counties Need to Know About Cyber Insurance

This raises an important question: How should small communities think about cyber insurance? In the past year, cyber insurance premiums have become slightly more affordable, but deductibles (or self-insured retention, as they’re typically called) have …

Source: StateTech - Illinois - Neutral
Published on Nov 6, 2024

What is cargo insurance and why does it matter?

Recent trucking market conditions have made it harder for carriers to turn profits as carrier costs continue to rise, but rates are not following the same trend. Some carriers have had to take freight at a loss to keep trucks running. When it comes to …

Source: FreightWaves - Label Pending
Published on Nov 6, 2024

Insurance consciousness

THE Philippine insurance industry celebrated Insurance Consciousness Month during the whole month of October. This celebration was done simultaneously with the other insurance industries in the Asian/Asean region. The purpose of the celebration was to …

Source: The Manila Times - Uncategorized
Published on Nov 6, 2024

Motorists urged do three things to guarantee lower insurance in 2025

UK drivers have been urged to do three things that will guarantee they'll have lower insurance premiums in 2025. The advice has been issued by InsureDaily. It comes after insurance premiums have risen over the past year, putting a strain on drivers…

Source: Birmingham Live - Neutral
Published on Nov 6, 2024

Seadrif aims to close public asset insurance gap across Southeast Asia

Seadrif Insurance Company’s recently appointed executive director has vowed not to compete with the private market as the disaster risk pooling initiative seeks to expand its membership across the ASEAN+3 region. Former World Bank disaster risk specialist …

Source: The Insurer - Label Pending
Published on Nov 6, 2024

Gov't losses, digital solution for insurance compliance

Gov't losses, digital solution for insurance compliance The Office of the Permanent Secretary and Secretary to the Treasury, Ramathan Ggoobi, reported that between 2009 and 2013, the government lost UGX 60.3 billion in VAT and UGX 35 billion in stamp …

Source: NTV Uganda - Neutral
Published on Nov 6, 2024

Insurance: Underinsured Motorist Coverage-Denial of Coverage

Plaintiff appealed the grant of summary judgment for defendant insurer, arguing that the record supported finding that plaintiff had $25,000 in underinsured motorist coverage and that the policy was illusory or ambiguous. Where the uncontroverted facts …

Source: Missouri Lawyers Media - Label Pending
Published on Nov 6, 2024

‘Health insurance industry has the potential to add 35 crore Indians in future’: Niva Bupa's Krishnan Ramachandran

The health insurance industry has the potential to add 35 crore Indians in the future. Health insurance currently holds a 40% market share, making it the largest in the non-life category. It is also the fastest-growing sector among non-life insurance …

Source: Business Today - Uncategorized
Published on Nov 6, 2024

Missouri Farmer, Realty Show Star Pleads Guilty to $4M Crop Insurance Fraud

"McBee admitted that he made a false report to Rain and Hail, a company reinsured by the Federal Crop Insurance Corporation," the U.S. attorney said. McBee submitted fraudulent documents to Rain and Hail that underreported his total 2018 corn …

Source: Progressive Farmer - Neutral
Published on Nov 6, 2024

MIC Global and VOOM Insurance partner to reinsure rideshare business

Insurtech MIC Global has partnered with VOOM Insurance to provide reinsurance to its rideshare business. This partnership aligns with MIC’s mobility book and reflects its commitment to supporting innovative solutions for the future of mobility. VOOM …

Source: Reinsurance News - Neutral
Published on 00:03 GMT

Simplifying Pennsylvania Insurance Provider Licensing Requirements

[co-author: Laura Hannigan] Pennsylvania Gov. Josh Shapiro signed into law Senate Bill No. 1241 on Oct. 31, 2024, which modifies the Insurance Department Act of 1921 by simplifying licensing under the Insurance Producer Licensing Act (the Act). The key …

Source: JD Supra - Label Pending

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Published on November 6, 2024 - 11:00 GMT

MIC Global partners with VOOM Insurance to Reinsure Rideshare Business

This new strategic collaboration aims to revolutionize how rideshare drivers in the USA access personal insurance, through affordable, usage-based coverage. NEW YORK, NY, UNITED STATES, November 6, 2024 /⁨EINPresswire.com⁩/ -- MIC Global (MIC), a …

Distribution channels: Automotive Industry, Companies ...
Published on November 7, 2024 - 00:07 GMT

APRA consults on adjustments to its general insurance reinsurance framework

The Australian Prudential Regulation Authority (APRA) is consulting on targeted adjustments to its general insurance (GI) reinsurance framework. In response to reinsurance market developments and industry feedback, APRA is seeking to promote access to all …

Distribution channels: Banking, Finance & Investment Industry

Published on November 6, 2024 - 21:05 GMT

American Coastal Insurance Corporation Reports Financial Results for Its Third Quarter Ended September 30, 2024

Company to Host Quarterly Conference Call at 5:00 P.M. ET on November 6, 2024 and Announces their 2024 Virtual Investor Day at 11:00 A.M. ET on December 4, 2024 The information in this press release should be read in conjunction with an earnings …

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Published on November 6, 2024 - 13:00 GMT

4.5 STAR-Rated SCAN Health Plan Named to U.S. News Best Insurance Companies for Medicare Advantage in California and ...

LONG BEACH, CA, UNITED STATES, November 6, 2024 /⁨EINPresswire.com⁩/ -- SCAN Health Plan, one of the nation’s largest not-for-profit Medicare Advantage plans, was named to U.S. News & World Report’s 2025 list of the Best Medicare Advantage …

Distribution channels: Companies, Healthcare & Pharmaceuticals Industry ...

Published on November 6, 2024 - 07:47 GMT

Fire Insurance Market Set to Surpass USD 120.49 Billion with Robust 11.9% CAGR by 2028

Fire Insurance Market Set to Surpass USD 120.49 Billion with Robust 11.9% CAGR by 2028 NEW CASTLE, DE, UNITED STATES, November 6, 2024 /⁨EINPresswire.com⁩/ -- Fire insurance providers have an immense potential to expand products and …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on November 6, 2024 - 07:46 GMT

Key Drivers in Event Insurance Market Propel Growth to USD 2.3 Billion by 2032 | Projected CAGR of 12.7%

Key Drivers in Event Insurance Market Propel Growth to USD 2.3 Billion by 2032 | Projected CAGR of 12.7% NEW CASTLE, DE, UNITED STATES, November 6, 2024 /⁨EINPresswire.com⁩/ -- Allied Market Research published a report, titled, "Event …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on November 6, 2024 - 18:00 GMT

Celent Names RegEd a ‘Functional Standout’ in Report on Distribution and Compensation Management Systems in Insurance

Raleigh, NC, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Celent has named RegEd, and its Enterprise Xchange Producer Management solution, as a “Functional Standout” in the research and advisory firm’s report, Insurance Distribution Management Systems: North American …

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Published on November 6, 2024 - 16:15 GMT

FOCUS Recognized in PC360’s 2024 Insurance Luminary List

SUNRISE, Fla., Nov. 06, 2024 (GLOBE NEWSWIRE) -- FOCUS, a provider of cloud-based, core administration solutions and services that are taking the risk out of insurtech for property and casualty (P&C) insurers and managing general agencies (MGAs), is …

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Published on November 7, 2024 - 00:16 GMT

Your Guide to NYC Real Estate: Property Records of New York Offers Online Property Profile Reports

NEW YORK CITY, NY, UNITED STATES, November 6, 2024 /⁨EINPresswire.com⁩/ -- Property Records of New York is revolutionizing the property research landscape for New Yorkers by offering detailed property profile reports, also known as property history …

Distribution channels: Building & Construction Industry, Energy Industry ...
Published on November 7, 2024 - 00:00 GMT

VisionTech Parners with KTCj Solutions to Expand Innovative Technology Solutions in Malaysia

KUALA LUMPUR, MALAYSIA, November 7, 2024 /⁨EINPresswire.com⁩/ -- VisionTech Pte Ltd (VisionTech), a Generative AI company focused on developing solutions for governments, Enterprises and SMEs today announced a strategic partnership with KTCj …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on November 6, 2024 - 20:24 GMT

Balfour Capital Group Launches New Derivatives Trading Division in Partnership with Boos Investments Sarl

Expanding Global Footprint in Futures and Options to Serve Diverse Institutional Needs HONG KONG, November 6, 2024 /⁨EINPresswire.com⁩/ -- Balfour Capital Group, in collaboration with Boos Investments Sarl, is thrilled to announce the …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on November 6, 2024 - 17:00 GMT

Tom Sawyer Software Announces Release of Explorations 1.1

New Features Enhance the Data Investigation Workflow BERKELEY, CA, UNITED STATES, November 6, 2024 /⁨EINPresswire.com⁩/ -- Tom Sawyer Software, the leader in graph and data visualization and analysis technology, announces the release of Tom Sawyer …

Distribution channels: Banking, Finance & Investment Industry, Healthcare & Pharmaceuticals Industry ...
Published on November 6, 2024 - 15:00 GMT

Payroll Vault Expands In Phoenix Suburb

Payroll/HR Entrepreneur Purchases Franchise in Goodyear GOODYEAR, AZ, UNITED STATES, November 6, 2024 /⁨EINPresswire.com⁩/ -- Payroll Vault, the fastest growing, award-winning payroll franchise, announced today it has recently expanded with …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on November 6, 2024 - 14:30 GMT

Clements Heymondo highlights top 5 travel challenges American travelers have faced in 2024

Clements Heymondo’s App helped American travelers tackle 2024’s top challenges—from flight delays to theft—with 24/7 seamless support. NY, UNITED STATES, November 6, 2024 /⁨EINPresswire.com⁩/ -- As American travelers eagerly embraced the …

Distribution channels: Culture, Society & Lifestyle, Insurance Industry ...
Published on November 6, 2024 - 13:00 GMT

4.5 STAR-Rated SCAN Health Plan Named to U.S. News Best Insurance Companies for Medicare Advantage in California and ...

LONG BEACH, CA, UNITED STATES, November 6, 2024 /⁨EINPresswire.com⁩/ -- SCAN Health Plan, one of the nation’s largest not-for-profit Medicare Advantage plans, was named to U.S. News & World Report’s 2025 list of the Best Medicare Advantage …

Distribution channels: Companies, Healthcare & Pharmaceuticals Industry ...
Published on November 6, 2024 - 11:00 GMT

MIC Global partners with VOOM Insurance to Reinsure Rideshare Business

This new strategic collaboration aims to revolutionize how rideshare drivers in the USA access personal insurance, through affordable, usage-based coverage. NEW YORK, NY, UNITED STATES, November 6, 2024 /⁨EINPresswire.com⁩/ -- MIC Global (MIC), a …

Distribution channels: Automotive Industry, Companies ...
Published on November 6, 2024 - 23:00 GMT

Duck Creek Technologies Selected to Deliver MDA National’s New Policy Admin, Billing and Data Solutions

SYDNEY, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, has been selected by MDA National (MDAN), an Australia-wide medical defence …

Distribution channels: Environment, Insurance Industry ...
Published on November 6, 2024 - 21:34 GMT

Enstar Shareholders Overwhelmingly Approve Sixth Street Acquisition

HAMILTON, Bermuda, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Enstar Group Limited (“Enstar”) (Nasdaq: ESGR) today announced that it received the necessary shareholder approval for its proposed acquisition by Sixth Street, with Liberty Strategic Capital, J.C. …

Distribution channels: Companies, Insurance Industry ...
Published on November 6, 2024 - 09:30 GMT

2% stamp duty increase causing buyers to back out and chains to collapse

The 2% increase for second property stamp duty is leading to a slowdown in pipeline purchases, resulting in application withdrawals and collapsed chains. UNITED KINGDOM, November 6, 2024 /⁨EINPresswire.com⁩/ -- In the Autumn budget announced on …

Distribution channels: Banking, Finance & Investment Industry, Building & Construction Industry ...
Published on November 6, 2024 - 21:12 GMT

Enact Reports Third Quarter 2024 Results And Announces Quarterly Dividend

GAAP Net Income of $181 million, or $1.15 per diluted share Adjusted Operating Income of $182 million, or $1.16 per diluted share Return on Equity of 14.7% and Adjusted Operating Return on Equity of 14.8% Record Primary insurance in-force of $268 billion, …

Distribution channels: Business & Economy, Insurance Industry ...
Published on November 6, 2024 - 21:05 GMT

American Coastal Insurance Corporation Reports Financial Results for Its Third Quarter Ended September 30, 2024

Company to Host Quarterly Conference Call at 5:00 P.M. ET on November 6, 2024 and Announces their 2024 Virtual Investor Day at 11:00 A.M. ET on December 4, 2024 The information in this press release should be read in conjunction with an earnings …

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Published on November 6, 2024 - 18:45 GMT

SCOR - Proposed public offer for MRM: price adjusted

SCOR, a leading global reinsurer As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying “The Art & Science of Risk”, SCOR uses …

Distribution channels: Insurance Industry, Media, Advertising & PR ...
Published on November 6, 2024 - 18:45 GMT

SCOR - Projet d’offre publique sur MRM : ajustement de prix

SCOR, un réassureur mondial de premier plan Réassureur mondial de premier plan, SCOR offre à ses clients une gamme innovante et diversifiée de solutions et de services de réassurance et d’assurance pour le contrôle et la gestion des risques. Fidèle à sa …

Distribution channels: Insurance Industry, Media, Advertising & PR ...
Published on November 6, 2024 - 18:00 GMT

Celent Names RegEd a ‘Functional Standout’ in Report on Distribution and Compensation Management Systems in Insurance

Raleigh, NC, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Celent has named RegEd, and its Enterprise Xchange Producer Management solution, as a “Functional Standout” in the research and advisory firm’s report, Insurance Distribution Management Systems: North American …

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Published on November 6, 2024 - 05:15 GMT

Fadi Hajjar, Wavestore, Director of Sales, Canada, Talks About A Year of Success and Growth In The Canadian Market

"In The Boardroom™ on... SecuritySolutionsWatch.com" OTTAWA, ONTARIO, CANADA, November 6, 2024 /⁨EINPresswire.com⁩/ -- About Fadi Hajjar As Fadi Hajjar approaches his one-year anniversary as the Director of Sales for Canada at …

Distribution channels: Aviation & Aerospace Industry, Banking, Finance & Investment Industry ...
Published on November 6, 2024 - 02:24 GMT

Los Angeles Rainy Season: A Cause For Concern For Motorcyclists

LOS ANGELES, CA, UNITED STATES, November 5, 2024 /⁨EINPresswire.com⁩/ -- As the weather in Los Angeles begins it's rainy season, there has been a concerning increase in motorcycle accidents. According to recent data from the Los Angeles Police …

Distribution channels: Companies, Emergency Services ...
Published on November 6, 2024 - 01:57 GMT

Harmony Junction Recovery introduces new Couples Rehab Programs in Orange County

Harmony Junction Recovery redefines couples' recovery with a dedicated Couples Rehab program in Orange County. LAKE FOREST, CA, UNITED STATES, November 5, 2024 /⁨EINPresswire.com⁩/ -- Harmony Junction Recovery is transforming the way couples …

Distribution channels: Business & Economy, Culture, Society & Lifestyle ...
Published on November 6, 2024 - 01:44 GMT

Stillwater Wellness Unveils New Addiction Treatment Programs for Alcohol Rehab in Orange County, California

Still Water Wellness transforms alcohol rehab in Orange County, offering top services for those seeking effective, compassionate care. ORANGE COUNTY, CA, UNITED STATES, November 5, 2024 /⁨EINPresswire.com⁩/ -- Still Water Wellness is reshaping …

Distribution channels: Business & Economy, Culture, Society & Lifestyle ...