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Category: Insurance


Capital and Risk, Insurance

Some Insurers Strengthening Virus Exclusion Language in Policies After COVID Cases

March 5, 2021

Via: Insurance Journal

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 […]


Capital and Risk, Insurance, Regulations

Florida Legislative Session 2021: Insurance Bills to Watch

March 3, 2021

Via: Insurance Journal

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 […]


Capital and Risk, Insurance

7 Things You Need to Know Before Buying Life Insurance

March 1, 2021

Via: TheStreet

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 […]


Activity, Insurance

Insurance Employment Impresses With Insurers Adding 20K Jobs During Pandemic

February 26, 2021

Via: Insurance Journal

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 […]


Activity, Insurance

Federal Flood Insurance Premiums Far From Keeping Up With Expected Losses

February 22, 2021

Via: Insurance Journal

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 […]


Activity, Insurance

Travel Insurance: A Guide to Costs, Coverage and Types of Plans

February 9, 2021

Via: TheStreet

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 […]


Activity, Capital and Risk, Credit, Insurance

Your Credit Could Be Why Your Car Insurance Is So High

February 8, 2021

Via: TheStreet

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 […]


Activity, Insurance

Over $115M in Federal Flood Insurance Paid in Louisiana for 2020 Hurricanes

February 2, 2021

Via: Insurance Journal

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 […]


Activity, Insurance

Uber Vet Invests $50M in Metromile as Insurer Readies Reverse Merger to Become Public

February 2, 2021

Via: Insurance Journal

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 […]


Activity, Insurance

Nearly Two-Thirds of Global Catastrophe Economic Losses Unaddressed by Insurance

January 25, 2021

Via: Insurance Journal

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 […]