Dubai property owners can’t afford to miss service fees

When that happens and the individual’s credit score rating reflects it, ‘for residents in the UAE, that means future difficulties in raising loans whether as an individual or a business owner’, said an analyst. “It places non-service charge payments on …

APAC: IFC and QBE Insurance team up to build up resilience in APAC

International Finance Corporation (IFC) and QBE Asia will collaborate to advance building resilience and address the persistent property insurance gap across the Asia-Pacific region, according to a statement released by IFC. The collaboration is cantred on …

Singapore: Reinsurer gets licence to operate as IFSC Insurance Office in GIFT City in India

Singapore Reinsurance Corporation (Sing Re) has secured the reinsurance branch licence by the International Financial Services Centres Authority (IFSCA) to operate as an IFSC Insurance Office (IIO) in India's Gujarat International Finance Tec-City ( …

As Insurance Execs Eye AI for Fraud Detection, Deloitte Predicts Billions in Savings

With a growing share of insurance executives viewing generative artificial intelligence as a tool for streamlining and improving functions like fraud detection, Deloitte predicts that AI technologies could save the property/casualty insurance industry …

Little Rock police evidence storage moving to former Insurance Department building

Now housed in a cramped courthouse basement, the Little Rock Police Department's evidence storage facility is destined for much more spacious quarters -- the 60,000-square-foot building on West Third Street that was once home to the Arkansas Insurance …

Britain jobless hotspots: The areas where benefits claims have soared by 40% since Rachel Reeves' National Insurance ...

These are the UK's jobless hotspots where benefits claims have spiked by nearly 40 per cent in some areas within a matter of months in the wake of Labour's National Insurance raid on businesses.   The scale of the increase in unemployment handouts …

Dozens of farmers voice frustrations over surging property valuations

A crowd of dozens of farmers voiced their frustrations over a surge in property valuations to the Johnson County assessor and two state lawmakers on Friday afternoon.Chris Nielsen, a business owner and farmer, hosted the impromptu gathering of neighbors on …

IFC and QBE collaborate on property insurance resilience in Asia-Pacific 

The International Finance Corporation (IFC), part of the World Bank Group, and QBE Asia, a division of QBE Insurance Group, have collaborated to enhance resilience against climate-related risks in the Asia-Pacific property insurance sector.   This …

Coastal schools celebrate property insurance relief

No safety net: Insurance starts to go away

Ever since the words “insurance premium” began appearing on contracts in the Republic of Venice in 1255, modern global trade and now our broader society depend on insurance to mitigate risk of loss to enterprises and individuals for their business and …