Category: Insurance

March 5, 2021

U.S. insurers are strengthening language in policies that cover business losses to protect them from future claims related to the coronavirus pandemic or other widespread illnesses that disrupt operations, industry sources say. New policies and renewals now define terms like […]

March 3, 2021

The Florida insurance industry will be fighting for property insurance reforms in the 60-day legislative session that kicked off this week, but there are several other insurance-related bills to watch. Read on for a breakdown of the bills being considered […]

March 1, 2021

Younger people, and especially those under age 45, are increasingly buying life insurance. In fact, applications for life-insurance policies jumped 4% in 2020 in the U.S., the highest annual year-over-year growth rate on record, according to the year-end MIB Life […]

February 26, 2021

Levels of employment for the insurance industry are “holding up much stronger than the overall economy,” the leader of an insurance search firm said recently, reporting that insurers have added almost 20,000 jobs since March 2020. The actual number, 19,700 […]

February 22, 2021

If the nearly 4.3 million residential homes (1-4 units) across the country with substantial flood risk were to be insured through the National Flood Insurance Program (NFIP), the NFIP rates would need to increase 4.5 times to cover the risk […]

February 9, 2021

Travel insurance is becoming more and more important as people look to book future trips during this uncertain time. Whether you’d like to know more about what type of policy to get or are just new to the concept of […]

February 8, 2021

If you can’t afford to pay all your bills right now, the last thing you need is overpriced car insurance. But that’s exactly what can happen if your credit dips low enough (and you live in a state where insurers […]

February 2, 2021

As of Feb. 1, the National Flood Insurance Program (NFIP) has paid out more than $115 million in flood claims in Louisiana in response to the 2020 hurricane season. FEMA reported that 35% of Louisiana NFIP flooding claims came from […]

February 2, 2021

Auto insurer Metromile has attracted $50 million in new investment from a former Uber executive even as it has obtained regulatory approval to formalize a reverse merger deal that will make it a publicly-traded company. Ryan Graves, Uber’s former senior […]

January 25, 2021

There were 416 natural catastrophe events globally in 2020 that resulted in economic losses of $268 billion – 8% above the average annual losses for this century, according to insurance broker Aon’s latest catastrophe loss report. Of this total, private […]