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Category: Insurance


Capital and Risk, Insurance

South Carolina Seeing Record Number of Insurance Fraud Complaints

October 30, 2023

Via: Insurance Journal

South Carolina in 2022 saw a record number of complaints about insurance fraud, and has almost matched the number through the first 10 months of this year. And some state lawmakers are now looking into the reasons for the increase. […]


Capital and Risk, Insurance

Israel to Provide $6 Billion War Insurance Cover for Israeli Airlines

October 13, 2023

Via: Insurance Journal

Israel’s parliamentary finance committee approved a plan to provide a state guarantee of $6 billion to cover insurance against war risks to Israeli airlines, the Finance Ministry said on Thursday. The guarantee framework will grant Israeli airlines insurance policies against […]


Capital and Risk, Insurance

Despite Lower Premium Volume, U.S. Title Insurers Continue to Post Solid Results

October 12, 2023

Via: Insurance Journal

The U.S. title insurance industry saw its volume of net premium written decline by 16.1% in 2022, to approximately $20.9 billion, following a decade of growth during which this level had more than doubled, according to a new AM Best […]


Capital and Risk, Insurance

75% of Small Businesses Are Underinsured, Says Hiscox Survey

October 11, 2023

Via: Insurance Journal

Small businesses may be growing their revenue, but the vast majority – 75% – are not adequately protecting themselves and their assets. Small businesses are an essential part of the US economy, with 56 million workers employed at firms with […]


Capital and Risk, Insurance

Bank of England Sets Out Reform of Insurance Capital Rules to Boost Investment

September 28, 2023

Via: Insurance Journal

The Bank of England on Thursday set out a reform of capital rules for insurers to “unlock tens of billions of pounds” for investments in the economy. The Solvency II rules were inherited from the European Union and their reform […]


Capital and Risk, Insurance, Regulations

China Relaxes Rules for Insurers to Invest in Stock Markets

September 12, 2023

Via: Insurance Journal

China’s financial regulator on Sunday reduced the risk weighting it attaches to insurance companies’ holdings of blue-chip shares and tech stocks, encouraging them to invest more in the country’s lagging stock market. The National Administration of Financial Regulation (NAFR)said on […]


Capital and Risk, Insurance

Insurance Industry Should Expect $100 Billion in Catastrophe Losses Every Year: Verisk

September 11, 2023

Via: Insurance Journal

Total global insured losses from natural catastrophes of more than $100 billion a year may be less newsworthy than in the past. In fact, the industry should expect loss totals of at least $100 billion every year, according to models […]


Capital and Risk, Insurance

Hong Kong Sees Heaviest Rainfall on Record; Insurance Claims Could Exceed $100M

September 8, 2023

Via: Insurance Journal

Hong Kong’s heaviest rainstorm since records began in 1884 flooded the financial hub’s streets and sent torrents of water rushing through subway stations, bringing much of the city to a standstill and forcing the stock market to scrap trading on […]


Capital and Risk, Insurance

Global Fears Are Feeding Demand for Lloyd’s of London Insurance, CEO Says

September 7, 2023

Via: Insurance Journal

Growing fears about the state of the world are pushing more people to take out insurance even as prices rise, Lloyd’s of London Chief Executive Officer John Neal said. Rising inflation, recession worries, climate threats and geopolitical tensions are making […]


Capital and Risk, Insurance

Florida Regulators Remind Insurers to Take Care of Insureds as Claims Come in

September 5, 2023

Via: Insurance Journal

The property insurance industry breathed a sigh of relief after Hurricane Idalia landed in a less-populated part of the coast, but regulators have signaled a need to make sure that claims from the area, now topping 10,000, are taken care […]


Capital and Risk, Insurance

Coal Producers Forced to Self-Insure as They Are Cut Adrift by Insurers

August 31, 2023

Via: Insurance Journal

Some coal producers are having to set aside tens of millions of dollars to cover their own risks as they are cut adrift by insurers, making it more difficult and costly to do business amid a surge in demand for […]


Capital and Risk, Insurance

New Hampshire Workers’ Compensation Rates to Drop 14% in 2024

August 29, 2023

Via: Insurance Journal

The New Hampshire Insurance Department (NHID) recently approved a workers’ compensation rate proposal that will reduce voluntary loss costs by 14% on average. The new rates will apply to policies effective starting on January 1, 2024. According to the insurance […]


Capital and Risk, Insurance

Insureds Hot About Flood Insurance Costs? Some Areas Are Seeing 35% Discounts

August 22, 2023

Via: Insurance Journal

Florida property owners stuck with higher premiums and new flood insurance mandates may want to nudge their local governments to take a look at the town of Cutler Bay and the counties of Monroe, Pinellas and Ocala. Those jurisdictions are […]


Capital and Risk, Insurance

Why Banks Are Divesting Insurance Brokerages

August 18, 2023

Via: Bank Director

Bank acquisitions of insurance brokerages have been on a steady decline for the better part of 15 years. In 2007, these transactions represented approximately 21.7% of total announced insurance brokerage merger and acquisition (M&A) transactions. By 2012, that percentage dropped […]


Capital and Risk, Insurance

Europeans Lack Insurance Protection as Wildfires and Drought Batter the Region

August 3, 2023

Via: Insurance Journal

Europeans are among the least insured against certain types of extreme weather and other natural disasters in the developed world, a predicament made more worrisome as the continent suffers a summer of devastating heat, wildfires and drought. In recent months, […]


Capital and Risk, Insurance

Russia Oil Hitting $60 Cap Adds to Crude-Oil Buyers’ Banking, Shipping Woes

July 14, 2023

Via: Insurance Journal

A top buyer of Russian oil is bracing for trading trouble as the price of Urals, the country’s main export grade, breaks through a $60-a-barrel cap set by Western nations to curb Moscow’s revenue. India and China have been the […]


Capital and Risk, Insurance

Insurance Claims From French Riots Rise to $716 Million

July 11, 2023

Via: Insurance Journal

Some 11,300 claims for damages from riots in France had been filed as of July 7 for a total cost of €650 million ($716 million), the insurers federation said in a statement Tuesday. The number of claims has doubled compared […]


Capital and Risk, Insurance

Ukraine Finance Chief Sees Urgent Need for War-Risk Insurance

July 7, 2023

Via: Insurance Journal

Ukraine’s wartime defense spending will remain high next year, underscoring the need for allies to provide war-risk insurance to help attract investment, the nation’s finance minister said. “Without international support, without war-risk insurance, we will not attract as much investment […]


Capital and Risk, Insurance

How InsurTech Initiatives Are Enhancing Employee Benefits

July 3, 2023

Via: Spiceworks

Brian O’Connell of insuranceQuotes.com shares how employers leverage insurtech to improve employee benefits and navigate the changing workplace landscape. Intro: Highly publicized trends like great resignation and quiet quitting significantly impact the workplace, so employers are turning to innovations to […]


Capital and Risk, Insurance

How and Why Private Capital Continues To Invest in the Insurance Sector

June 29, 2023

Via: JD Supra

Financial sponsors have become progressively more involved in the insurance sector over recent decades. Their involvement broadly falls into three categories: Sponsors establishing or acquiring their own life and annuity insurers or reinsurers on an own-account basis, either wholly owned […]