Insurance Industry News Monitoring

Storms and flooding took record toll on insurance claims in 2024 – ABI

We continue to advocate for climate resilience measures to be carefully considered in all planning decisions and building standards, to ensure properties are fit for the future and that they are not built in areas prone to climate risk Mark Shepherd, …

Bucks Fire and Rescue Service to lose £250k after national insurance rise, warns councillor

Watch more of our videos on ShotsTV.com  and on Freeview 262 or Freely 565 Visit Shots! now Buckinghamshire Fire and Rescue Service will be hit by Labour’s national insurance rise, a councillor has warned. The new government included the hike of national …

Insurance is up but the cost of Ontario car ownership is down. Here’s why

Canada just endured one of its worst-ever years for insurance claims, driven by auto thefts and natural disasters like flooding and wildfires. But there’s some good news for drivers, according to a new analysis by insurance aggregator Ratehub.ca. Ratehub …

How To Choose A Health Insurance Policy And Avoid Claim Dispute?

Last Updated:February 10, 2025, 10:23 IST To ensure a successful health insurance claim, verify policy details like expenses covered, bonus, premium, hospitalisation days, cashless facility, and coverage of serious diseases With the rise in the cost of …

Gold: Hitting Record Highs Amid “Insurance” Buying (and More!)

“Well begun is halfway done,” according to the famed market analyst Mary Poppins. While this truism gains more gravitas when credited to its original author, Aristotle, both the nanny and the philosopher were correct: A good start is important. And that’s …

Florida Gov. announces reduction in auto insurance rates following tort reform

Florida Gov. announces reduction in auto insurance rates following tort reform By Teresa Moss on February 10, 2025 Announcements Florida Governer Ron Desantis announced last week that three major auto insurance companies are reducing rates in the state.  …

Wildfires, cybersecurity: What insurers need to know in 2025

Enjoy complimentary access to top ideas and insights — selected by our editors. As California state agencies report that the Palisades and Eaton wildfires are fully contained, the questions plaguing homeowners and insurers alike is what will be the true …

Newsom wants homeowners in burn areas to get interest earned on insurance payouts

As Los Angeles reels from the devastation of the Palisades and Eaton fires, Gov. Gavin Newsom plans to sponsor a bill that would ensure that homeowners, not lenders, benefit from interest earned on insurance payouts for destroyed or damaged properties, …

Insurers seek clarity on 10% hike cap for senior health premiums

Insurers seek clarity on hike cap for seniors

HDFC Life and Policybazaar Introduce Premium Term Insurance with 100% Claim Assurance

In a significant development for India's insurance sector, Policybazaar and HDFC Life have unveiled their latest collaboration, introducing a new term insurance product called HDFC Life Click 2 Protect Ultimate. The announcement, made in Gurugram on …

Financial Services M&A Surges, Driven by Insurance and Alternative Asset Management

Free Newsletter Get the hottest Fintech Switzerland News once a month in your Inbox Following two subdued years, mergers and acquisitions (M&A) activity in financial services rebounded strongly in 2024, driven by significant deals in the insurance and …

Techmagnate bags SEO mandate for Axis Max Life Insurance

RepresentationalTechmagnate, India’s SEO-first digital marketing agency has been appointed to handle enterprise SEO services for Axis Max Life Insurance (formerly known as Max Life Insurance). The account was won in a multi-agency pitch. The mandate …

13 non-life insurers fined Tk 55 lakh for excessive management expenses

The Insurance Development and Regulatory Authority (IDRA) has imposed a fine of Tk 55 lakh on 13 non-life insurance companies in 2023 for exceeding the permitted management expenses. The regulatory action aims to enforce financial discipline in the sector …

Supermarkets, fast cars, and protection insurance

Life insurance isn't often compared to cars that travel at 200mph. One is very fast, the other usually isn't.   In Formula 1, cars represent the pinnacle of technology. Pit stops are action-packed and they're a critical part of the race. The …

UK labour market struggles as vacancies drop ahead of national insurance hike

The labour market continues to slacken, with job vacancies "tumbling" ahead of the national insurance increase in April, according to a closely monitored survey. A new report from KPMG and the Recruitment and Employment Confederation (REC) …

China Asks Insurers to Manage Sufficient Capital and Liquidity Buffers

China’s National Financial Regulatory Administration on Saturday issued guidelines for insurance groups to manage “concentration risks,” asking insurers to hold sufficient capital and liquidity buffers. The guidelines asked insurers to formulate a …

LIC Shares Rise After Q3 PAT Jumps 15% YoY; Should You Buy, Sell Or Hold The Insurance Stock?

Last Updated:February 10, 2025, 10:31 IST LIC Shares Rise Today: Shares of LIC were trading higher on Monday after the company reported a 16% YoY growth in consolidated net profit LIC Share Price: LIC Shares Rise After Q3 PAT Jumps 15% YoY, Should You Buy, …

EXPLAINER: What to know about third-party vehicle insurance, police enforcement in Nigeria

DESPITE many motorists expressing concerns about poor awareness campaigns, the Nigerian Police Force across the Federation has announced the commencement and enforcement of the mandatory minimum of Third-Party vehicle insurance from February 1, 2025. The …

Special Needs Plan Alliance - Comment Letter for the CY 2026 Advance Notice

WASHINGTON, DC, UNITED STATES, February 10, 2025 /⁨EINPresswire.com⁩/ -- On February 10, the Special Needs Plan Alliance (SNP Alliance) submitted its comments on the Medicare Advantage (MA) Calendar Year 2026 Advance Notice, CMS' proposed …

Madison Insurance Group Proudly Supports the Tunnel to Towers Celebrity Golf Classic Hosted by Gary Player

Madison Insurance Group announces sponsorship and participation in the Celebrity Golf Classic Hosted by Gary Player, benefiting the Tunnel to Towers Foundation. SAN JUAN, PUERTO RICO, February 10, 2025 /⁨EINPresswire.com⁩/ -- Madison Insurance …

Commercial Restoration Company Continues Growth with New COO, William Wood

GREENWOOD VILLAGE, CO, UNITED STATES, February 10, 2025 /⁨EINPresswire.com⁩/ -- Commercial Restoration Company (CRC), a leading national provider of commercial restoration and reconstruction services, is pleased to announce the appointment of …

Prudent Insurance Brokers Partners with AccuKnox for Zero Trust Application, Cloud, and AI Security

Prudent Insurance Brokers Partners with AccuKnox for Zero Trust Application, Cloud, and AI Security MENLO PARK, CA, UNITED STATES, February 10, 2025 /⁨EINPresswire.com⁩/ -- AccuKnox, Inc., a leading provider of Zero Trust CNAPP (Cloud Native …

Infinnium Unveils BreachProfiler™: A Revolutionary AI-Powered Solution for Cyber Breach Response

Until now, there's been no single solution that handles the entire breach review process and also leverages the power of AI to increase speed and reduce cost. CHANTILLY, VA, WA, UNITED STATES, February 10, 2025 /⁨EINPresswire.com⁩/ -- …

Payroll Vault Expands In Phoenix Suburb

Engineer/Entrepreneur Couple Purchases Franchise in Peoria PEORIA , AZ, UNITED STATES, February 10, 2025 /⁨EINPresswire.com⁩/ -- Payroll Vault, the fastest growing, award-winning payroll franchise, announced today it has recently expanded with …

Consumers Facing Automobile Insurance Claims and Disputes Need Reliable Information and Advocacy

RENO, NV, UNITED STATES, February 10, 2025 /⁨EINPresswire.com⁩/ -- As automobile ownership rises, the frequency of insurance claims and disputes has become an increasing concern for drivers nationwide. Automobile insurance claims typically arise …

SmiKar Announces Powerful New Squirrel Features

Squirrel now offers Restore and Archive Buttons in SharePoint, giving users full control to easily manage, archive, and restore files without IT delays MELBOURNE, VIC, AUSTRALIA, February 10, 2025 /⁨EINPresswire.com⁩/ -- SmiKar Software, the …

Zelros et Matmut : un nouvel accord de collaboration en faveur de l’innovation en assurance avec l’IA

Le Groupe Matmut renouvelle son partenariat avec Zelros, expert en Intelligence Artificielle et IA Générative pour l'assurance et la banque. PARIS, FRANCE, February 10, 2025 /⁨EINPresswire.com⁩/ -- Le Groupe Matmut renouvelle son partenariat …

A' Safety Clothing and Personal Protective Equipment Design Award Announces Comprehensive Prize Package for 2024

Safety Industry and Protective Wear Awards Reveals Extensive Benefits Package Aimed at Advancing Innovation in Protective Equipment Design COMO, CO, ITALY, February 10, 2025 /⁨EINPresswire.com⁩/ -- The A' Safety Clothing and Personal …

Trade Credit Insurance Market to Reach $41.1 billion, Globally, by 2033 at 10.7% CAGR: Allied Market Research

Trade Credit Insurance Market to Reach $41.1 billion, Globally, by 2033 at 10.7% CAGR: Allied Market Research NEW CASTLE, DE, UNITED STATES, February 10, 2025 /⁨EINPresswire.com⁩/ -- Allied Market Research published a report, titled, "Trade …

The Future of Senior Citizen Travel Insurance: Technology Meets Personalized Care | At a 18.3% CAGR

The Future of Senior Citizen Travel Insurance: Technology Meets Personalized Care | At a 18.3% CAGR NEW CASTLE, DE, UNITED STATES, February 10, 2025 /⁨EINPresswire.com⁩/ -- Allied Market Research published a report, titled, "Senior Citizen …

At 22.2% CAGR | Business Travel Accident Insurance Market to Reach $30.20 billion by 2032 | AXA SA, Chubb Limited

Business Travel Accident Insurance Market: Global Opportunity Analysis and Industry Forecast, 2024-2033 NEW CASTLE, DE, UNITED STATES, February 10, 2025 /⁨EINPresswire.com⁩/ -- Allied Market Research published a report, titled, "Business …

India Travel Insurance Market Predicted to Hit USD 456.48 million by 2033, with a 11.3% CAGR

India Travel Insurance Market: Global Opportunity Analysis and Industry Forecast, 2024 to 2033 NEW CASTLE, DE, UNITED STATES, February 10, 2025 /⁨EINPresswire.com⁩/ -- Allied Market Research has published a new report on the India travel insurance …

15th Revised Edition of Survive and Thrive in the 21st Century©

GEORGETOWN , TX, UNITED STATES, February 9, 2025 /⁨EINPresswire.com⁩/ -- Roy Snarr announces the 15th update of the well-regarded seminar Survive and Thrive in the 21st Century, designed for senior adults. The financial seminar will debut its …

Aarav Solutions announces the General Availability of OmniTel360 - an integrated CRM-BRM Suite

Aarav Solutions has launched OmniTel360, a pre-integrated solution for Telcos that have implemented Oracle BRM and are looking for a fast flexible CRM Frontend NJ, UNITED STATES, February 8, 2025 /⁨EINPresswire.com⁩/ -- Aarav Solutions, a global …

MAT Recovery Centers Joins Forces with Wisconsin Veterans Chamber of Commerce to Expand Holistic Recovery Services

Advancing Veteran Support and Holistic Recovery Services in Wisconsin WASHINGTON, DC, UNITED STATES, February 7, 2025 /⁨EINPresswire.com⁩/ -- MAT Recovery Centers is excited to announce its membership in the Wisconsin Veterans Chamber of Commerce …

Understanding Liability in Accidents Involving Electric Scooters in Louisiana

OPELOUSAS, LA, UNITED STATES, February 7, 2025 /⁨EINPresswire.com⁩/ -- As the popularity of electric scooters continues to rise across Louisiana, particularly in urban areas, concerns surrounding accidents and liability are becoming increasingly …

Legal Steps to Take After a Hit-and-Run Pedestrian Accident in Louisiana

OPELOUSAS, LA, UNITED STATES, February 7, 2025 /⁨EINPresswire.com⁩/ -- Pedestrian accidents, particularly those involving hit-and-run drivers, are an unfortunate reality that can lead to serious injuries and long-lasting consequences. For victims …

How Louisiana Law Treats Injuries from Defective Products

OPELOUSAS, LA, UNITED STATES, February 7, 2025 /⁨EINPresswire.com⁩/ -- Defective products can cause serious injuries, ranging from minor bruises to life-altering harm. Louisiana law holds manufacturers, distributors, and retailers accountable for …