Insurance policies

Digital transformation! The IRDAI plans to allow policyholders to keep insurance policies in dematerialized form, linked to a bank account | Exclusive

zeenews.india.com understands that your privacy is important to you and we are committed to being transparent about the technologies we use. This Cookie Policy explains how and why cookies and other similar technologies may be stored on and accessed from your device when you use or visit the zeenews.india.com websites that link to this Policy […]

Insurance policies

Wider Isn’t Always Better: Excess “Follow-the-Form” Insurance Policies and Optional Coverage Extensions – Cronos Group Inc. v Assicurazioni Generali SpA, 2022 ONCA 525

In many industries, an entity will obtain “primary” insurance coverage and “excess” insurance coverage from different insurers. Assuming the loss in question is covered, the excess policy will only be triggered if the monetary policy limits of the primary cover are exceeded by the value of the loss. In Cronos Group Inc. v Assicurazioni Generali […]

Insurance policies

Wider Isn’t Always Better: Excess “Follow-the-Form” Insurance Policies and Optional Coverage Extensions – Cronos Group Inc. v Assicurazioni Generali SpA, 2022 ONCA 525 – Insurance Laws and Products

In many industries, an entity will obtain “primary” insurance coverage and “excess” insurance coverage from different insurers. Assuming the loss in question is covered, the excess policy will only be triggered if the monetary policy limits of the primary cover are exceeded by the value of the loss. In Cronos Group Inc. v Assicurazioni Generali […]

Insurance policies

Why are insurance policies impossible to read? – Forbes Advisor

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. Insurance policies are not only difficult to read, they are sometimes downright impossible to understand. Just ask Lori Lugo, an elementary school teacher from Corpus Christi, Texas. She tried to renew an […]

Insurance policies

Over 80% of home insurance policies have hidden fees that could add up to hundreds of bills

NFU Mutual study finds 82% of building and content policies charge additional fees New research has revealed that more than 80% of home and contents insurance policies have hidden charges that could result in customers paying hundreds of pounds more than expected. According to insurer NFU Mutual, 82% of these policies have additional charges hidden […]

Insurance policies

Michigan orders Salvasen Health to stop selling insurance policies over licensing issues – Detroit Free Press

By Steve Heldon A company offering health insurance has been accused of selling policies to more than 2,000 Michiganders without proper licensing and failing to make timely payments on claims.The Michigan Department of Insurance and Financial Services said on Monday it issued a cease and desist order to Salvasen Health, a Houston-based company, saying it […]

Insurance policies

RTI Statement: These tax benefits are available on life insurance policies

Tax Return Filing: The ITR filing deadline for the 2022-23 tax year is approaching. Notably, the government does not plan to extend the ITR filing deadline from July 31. Therefore, it is important to ensure that you file your ITR on time to avoid penalties. To encourage savings and investment by taxpayers, the IT department […]

Insurance policies

Locals struggle to keep property insurance policies – InsuranceNewsNet

SEBRING — florida the property insurance market is in crisis, but you don’t have to say it Highland County residents who. Like other landowners in the state, local landlords receive cancellation notices from state insurance companies. Insurance Regulatory Office declared insolvent. Marc Friedlanderthe Florida analyst for the Insurance Information Institutesays Universal Property and Casualty, the […]

Insurance policies

Travel insurance policies in demand after the pandemic: survey

Demand for travel insurance policies increased in FY21-22 from pre-covid levels in FY19-20, according to a survey by ICICI Lombard General Insurance. The survey, conducted among consumers in Indian markets, analyzed the impact of the pandemic on traveler attitudes and expectations and revealed that travelers are now more receptive to purchasing travel insurance to mitigate […]

Insurance policies

Can the salaried class benefit from tax advantages on health insurance policies provided by employers? To find

Opinions expressed by Entrepreneur the contributors are theirs. You are reading Entrepreneur India, an international franchise of Entrepreneur Media. Over the past few years, spending on health care has risen sharply, encompassing spending on preventive control, medical insurance, etc. With rising treatment costs, having a health insurance policy has become a necessity to lessen financial […]

Insurance policies

Important Features of Critical Illness Insurance Policies

The disease can strike anyone at any time in their life. It can affect a person emotionally, physically, and financially. When a person is affected by serious illnesses like cancer, heart attack, etc., one may have to pay a lump sum for diagnostic tests, doctor’s visits, special tests, etc. enormous financial risk. Therefore, having a […]

Insurance policies

How to apply for multiple health insurance policies

In light of the increase in infections, living conditions and unique conditions presented by the Covid-19 pandemic, an increasing number of Indians are now opting for multiple health insurance coverages to protect themselves and their families. loved ones against financial loss due to the higher cost of treatment. While this increases claims coverage and flexibility […]

Insurance policies

Irdai publishes a series of videos on different insurance policies to raise awareness

“Okay, so you both loved each other and got married. But have you ever thought whether you’re safe or settled in the real way or not? Have you done your insurance?” a grim-looking man with a worried face says to his couple of friends in a video released by the Insurance Regulatory and Development Authority […]

Insurance policies

Low-value insurance policies you’re probably better off without

Jessica Wilson is a researcher and writer who works on consumer law and other issues. OPINION: Insurance companies are constantly inventive in their efforts to attract new customers. In recent years, making products aimed at appealing to younger audiences has taken up more of their time. Among the latest offerings to emerge are income protection-type […]

Insurance policies

Home Insurance Policies Refusal to Reimburse Class Action Investigation

Home insurance that refuses to reimburse: who is concerned? Has your home been damaged by trees, wind damage, or flooding from a natural disaster, but your home insurance policy has refused to pay for repairs or lowered the estimate damage ? You may need a lawyer to fight for your maximum claim. Tornadoes, strong windstorms […]

Insurance policies

Why are construction defects not covered by insurance policies? – The Irish Times

Building defects from the Celtic Tiger era affect up to 100,000 properties across the state, with a potential bill of $2.8 billion to fix the issues. Unfortunately for the owners of these buildings, there are few options when it comes to trying to find someone to foot the bill, even if an insurance policy is […]

Insurance policies

Citizens could exceed 1 million insurance policies in Florida this year

Highlighting “almost incomprehensible growth,” the president and CEO of Citizens Property Insurance Corp. said Wednesday that the state-backed insurer could have 1.2 million customers by the end of the year. Citizens, which was set up as an insurer of last resort, has received a flood of policies over the past two years as private insurers […]

Insurance policies

Citizens drop Florida property insurance policies as home replacement costs rise

Citizens Property Insurance Corp. began dropping some homeowners’ policies across Florida because the estimated price of replacing their home after a storm or fire would now exceed a $700,000 replacement value cap. designer491 Getty Images/iStockphoto As inflation drives up construction costs and property values, Citizens Property Insurance Corp. began canceling some homeowners’ policies across Florida […]

Insurance policies

Here’s when having multiple life insurance policies pays off

can you have more than one life insurance policy You are legally allowed to hold multiple life policies, although life insurance companies may be more concerned with your total benefits. Having multiple life insurance policies can give you access to more coverage and greater peace of mind. In this article, we cover what you need […]

Insurance policies

Plum partners with Volopay to offer comprehensive health insurance policies

Volopay, a corporate card and payment management company backed by Y Combinator, has partnered with Plum, an employee health and insurance platform. The partnership will allow Volopay customers to benefit from and access comprehensive insurance coverage and additional benefits such as teleconsultations and health check-ups. It will also expand access to advanced healthcare benefits for […]

Insurance policies

Best Car Insurance Policies for August 2022 – Forbes Advisor INDIA

Buying the best auto insurance policy can be a daunting task, especially when there are too many options. Below are the parameters we considered to select the best car insurance policies in India. Type of policy coverage (30% of note): It is very important to understand what type of plan to buy because each plan […]

Insurance policies

Best Car Insurance Policies for July 2022 – Forbes Advisor INDIA

Buying the best auto insurance policy can be a daunting task, especially when there are too many options. Below are the parameters we considered to select the best car insurance policies in India. Type of policy coverage (30% of note): Understanding what type of plan to buy is very important because each plan has its […]

Insurance policies

The total number of life insurance policies sold in June 2022 increased by 32%, according to data from Irdai

With Covid taking a heavy toll, the importance of life insurance suddenly came to the fore. The industry expected the numbers to rise after this difficult phase. Figures from the Insurance Regulatory and Development Authority’s latest trade statement released recently show that the industry may be moving towards this. According to data from Irdai, the […]

Insurance policies

Third Party Email Fraud Covered by Insurance Policies | Ervin Cohen & Jessup LLP

In Medidata Solutions, Inc. c. Federal Insurance Company, 268 F. Supp. 3d 471 (SDNY 2017), confirmed, 729 Fed. Approx. 117 (2nd Circuit 2018), the Court found that insurance coverage existed when a business had been the victim of an email spoofing scheme that resulted in the business transferring funds to the account of a fraudster. […]

Insurance policies

Wingsure partners with AICIL; to sell crop insurance policies via mobile app, CIO News, ET CIO

New Delhi-based Insurtech Wingsure said on Thursday it has partnered with state-owned AICIL to promote crop insurance to farmers by leveraging technology and selling policies through its mobile app. The partnership will help Wingsure access over 40 million farmers (4 crores) in India and focus on transforming how farmers mitigate and adapt to climate change […]

Insurance policies

Wingsure partners with AICIL; to sell crop insurance policies through a mobile application

Insurtech Wingsure said Thursday it has partnered with state-owned AICIL to promote crop insurance to farmers by leveraging technology and selling policies through its mobile app. The partnership will help Wingsure access over 40 million farmers (4 crores) in India and focus on transforming how farmers mitigate and adapt to climate change and other resource-related […]

Insurance policies

IRDAI approves ‘pay as you drive’ insurance policy for India

Like many other things, car insurance premiums have also increased in India over the years. This is about to change as insurance companies will soon start offering scan-based insurance where there will be a ‘pay as you drive’ option. The premium for car insurance will also depend on driving behavior. Insurance regulator IRDAI announced the […]

Insurance policies

A short but useful guide to umbrella insurance policies

Sponsored content Insurance is an essential aspect of everyday life. It’s a great decision to get insurance as soon as you can afford it. However, it can be difficult to determine which insurance is best for you. One must do proper research before opting for an insurance plan. A term you will come across often […]

Insurance policies

IRDAI allows “sophisticated” usage-based add-ons to basic auto insurance policies

The country’s insurance regulator, the Insurance Regulatory and Development Authority of India (IRDAI), has authorized general insurance companies to introduce technological concepts for engine damage (OD) coverage to offer customers usage-based insurance coverages in addition to Motor OD’s base policies. In issuing a circular on Wednesday, the regulator said the concept of car insurance is […]

Insurance policies

IRDAI Approves New Car Insurance Policies, Vehicle Use and Driving Behavior to Determine Premium

The Insurance Regulatory and Development Authority of India (IRDAI) has allowed general insurance companies to issue smart add-ons for motor insurance policies. The premiums for such policies will depend on the use of the vehicle or the driving behavior of the vehicle policy holder. IRDAI in its statement said: “The concept of car insurance is […]

Insurance policies

Four in 10 travel insurance policies offer no coverage for cancellations caused by strikes

Who? advised people to be careful when buying travel insurance ahead of a summer of expected disruption. Photo: Henry Nicholls/Reuters Up to four in 10 travel insurance policies do not cover strikes by airport or airline staff, new research shows. New consumer group data Which? evaluated 199 policies offered by 71 providers, rating them on […]

Insurance policies

All NRIs Need to Know When Settling their Mis-Sold Insurance Policies in India

Nowadays, whether it is tax saving, retirement plan, fixed deposits, buying gold or opening a new bank record, insurance plans are offered for all financial purposes. When purchasing insurance coverage, due to its complex processes, lack of financial knowledge, scam and many other reasons why policies are sold poorly. This results in immense monetary losses […]

Insurance policies

Qian launches comprehensive insurance policies for factories

Qian is one of India’s leading insurance brokers providing commercial insurance solutions Qian is a leading insurance brokerage firm based in Mumbai, India, specializing in commercial insurance solutions for businesses. In a short time, Qian has grown significantly by engaging with its customers to provide tailor-made solutions to companies seeking to mitigate the various risks […]

Insurance policies

Ford Says ‘Unfair’ Ontario Postal Code Insurance Policies Will End

Ontario motorists may soon see the end of “unfair” insurance policies with premiums based on postal codes, Premier Doug Ford said Thursday. The Ford government recently implemented driver-friendly policies by waiving license plate renewal fees, waiving some highway tolls, and reducing gas tax. But there’s another common complaint the government seems ready to tackle – […]

Insurance policies

Many UK customers are looking to downsize their insurance policies to cut costs

Almost half (48%) of UK consumers would consider cutting costs by eliminating voluntary insurance cover, according to a survey commissioned by insurance software developer Guidewire. The survey also found that travel insurance was the type of cover identified by respondents as most likely to be dropped, with almost one in five respondents (18%) indicating that […]

Insurance policies

Advisor360° showcases new beneficiary capability for insurance policies

WESTON, Mass.–(BUSINESS WIRE)–Advisor360°, a software-as-a-service (SaaS) provider of embedded technology for the wealth management industry, today announced a major multi-product enhancement to its existing Beneficiaries capability. Financial advisors are now able to view and report on their clients’ beneficiaries on Insurance products, in addition to deposit and investment accounts, in one view. “Having consolidated beneficiaries […]

Insurance policies

Here are some lesser known insurance policies

Following a huge fire in London, Nicholas Barbon established the first fire insurance company in 1666 AD. Since then, the insurance market has only expanded into new sectors. Beneficiaries of insurance policies enjoy financial coverage in case of unfortunate events, such as injuries, accidents, and business losses, among others. Instead of this financial coverage, people […]

Insurance policies

More people are buying travel insurance policies after Covid-19, industry insiders say

Travel has changed after the pandemic. It now comes with that lingering fear of catching Covid-19, which could mean an extended stay or even hospitalization in a foreign country upsetting travel plans. This is the reason why more people are buying travel insurance policies than before. “We have seen healthy growth in international travel insurance […]

Insurance policies

TDCI reminds consumers to review their insurance policies and coverage on National Insurance Awareness Day

NASHVILLE – Ahead of National Insurance Awareness Day on June 28, 2022, the Tennessee Department of Commerce and Insurance (“TDCI”) reminds Tennessee residents to use this day to review their insurance policies, evaluate their risks and ensure that their policies are sufficient coverage for their needs. “Life changes such as the birth of a child […]

Insurance policies

Find out what health insurance policies don’t cover; Be sure to check exclusions before purchasing

With the rising medical costs, increasing number of illnesses and high inflation rate, having a health insurance policy has become mandatory. Adequate health insurance can ease the financial burden during a medical emergency, should one arise. However, when selecting a health insurance plan, you must ensure that the policy covers your specific needs. Insurance advisors […]

Insurance policies

TDCI reminds consumers to review their insurance policies and coverage on National Insurance Awareness Day – WYSH AM 1380

(TDCI) Ahead of National Insurance Awareness Day on June 28, 2022, the Tennessee Department of Commerce and Insurance (“TDCI”) reminds Tennessee residents to use this day to review their insurance policies, assess their risks and ensure that their policies provide sufficient cover for their needs. “Life changes such as the birth of a child or […]

Insurance policies

Watch these angles of car insurance policies as Covid restrictions ease

Driving a car without insurance is illegal, according to the Motor Vehicle Act. Auto insurance provides consumers with a financial cushion in the event of an accident, theft or damage to the vehicle caused by natural calamity or any other reason. Over the past couple of years people have limited their trips due to Covid […]

Insurance policies

County commissioners review new health insurance policies – InsuranceNewsNet

BEDFORD — The Lawrence County Board of Commissioners reviewed the health insurance proposals at Tuesday morning’s meeting at the Lawrence County Courthouse. Miles Parker of Bedford-based Parker Group, a company providing insurance and benefits services, presented the commissioners with two different proposals. The recommendations were presented to the commissioners after Parker held several meetings with […]

Insurance policies

Life insurance companies may soon be allowed to sell health insurance policies

The Insurance Regulatory and Development Authority of India (IRDAI) is planning to bring about a policy change in the operation of life insurance companies, allowing them to offer health insurance policies to buyers. According to IRDAI, this could reduce health insurance premiums and increase its reach among many Indians. A recent report by RedSheer Consulting […]

Insurance policies

Life insurance companies may soon be able to offer health insurance policies: report

The Insurance Regulatory and Development Authority of India (Irdai) plans to allow life insurance companies to offer health insurance policies and is expected to release draft guidelines soon, according to a media report. The move is expected to reduce premiums and increase access to affordable health coverage. “Life insurance companies inherently get more customers than […]

Insurance policies

Best health insurance policies in June 2022 – Forbes Advisor INDIA

For our Forbes Advisor India ratings, we considered the following key factors that help consumers decide whether to opt for a specific health policy. We have ranked these best mutuals based on these parameters: Insured amount (20% of score): When analyzing the plans mentioned above, we first checked the coverage offered by these plans. Select […]

Insurance policies

PhonePe sells over a million two-wheeler insurance policies on its platform

Walmart-owned digital payments company PhonePe said it has sold more than 1 million two-wheeler insurance policies on its insurance brokerage platform since the product launched. The company also said more than 75% of all insurance purchases came from Tier 2 and Tier 3 cities, showing wide adoption of its offerings in non-metro […]

Insurance policies

Covid uncertainty doubles demand for travel insurance policies: report

There was a spike in demand for travel insurance policies in FY21-22 from pre-covid levels in FY19-20 amid fears of another wave of Covid -19, according to a study by Go Digit General Insurance between April 2019 and March 2022. According to the report, Digit sold over 12.8 lakh travel policies in FY21-22, a jump […]

Insurance policies

India’s Best Health Insurance Policies in 2022 – Forbes Advisor INDIA

For our Forbes Advisor India ratings, we considered the following key factors that help consumers decide whether to opt for a specific health policy. We have ranked these best mutuals based on these parameters: Insured amount (20% of score): When analyzing the plans mentioned above, we first checked the coverage offered by these plans. Select […]

Insurance policies

How Natural Disasters Affect Community Associations: Insurance Policies and Claims Filing by Mike Stonestreet

Natural disasters can have a significant impact on community associations. One of the biggest issues associations face after a natural disaster is knowing when and how to file insurance claims. In this article, we will discuss how storms affect community associations and the role of different types of insurance coverage regarding filing claims, charging deductible, […]

Insurance policies

Sell ​​life insurance policies? You may be under the NCDRC’s radar. here’s why

The Insurance Regulatory and Development Authority of India (IRDAI) has been commissioned to look into the role of insurance agents selling life insurance policies. The National Consumer Dispute Redress Commission (NCDRC) has asked the insurance regulator to issue new guidelines on insurance agent conduct and responsibilities. IRDAI has been urged to issue new guidelines and […]

Insurance policies

Cape Coral homeowners still frustrated as insurance policies continue to rise

CAPE CORAL, Fla. — Many Cape Coral residents we’ve heard from said they’re frustrated not only with insurance requirements, but also with rates rising so quickly. Tuesday night’s town hall panel was made up of insurance agents and state officials trying to respond and explain how these bills can help. “At the end of the […]

Insurance policies

Ghanaians urged to take full advantage of insurance policies

Economic news for Tuesday, June 7, 2022 Source: www.ghanaweb.com 2022-06-07 Dr. Justice Yaw Ofori, NIC Insurance Commissioner Improving Insurance Penetration in Ghana – NIC Association of Ghana Insurers and Graphic Business collaborate for this year’s Insurance Awareness Month Buying insurance should be done voluntarily and with joy NIC Insurance Commissioner, Dr. Justice Ofori, highlighted the […]

Insurance policies

Non-Payment Insurance Policies – Drafting Tips for Policyholders | Sullivan and Worcester

In the latest edition of Sullivan’s webinar series, Marian Boyle, Head of Insurance and Dispute Resolution at Sullivan’s London office, discussed the key clauses found in Comprehensive Non-Payment Insurance (NPI) Strategies. She gave policyholders practical advice on what to look for in NPI formulations and provided examples of how the obligations imposed by NPI policies […]

Insurance policies

exports: how to obtain different export insurance policies

One thing the pandemic has taught everyone is uncertainty. This has given increased importance to the insurance business. Furthermore, given the disruption in the global supply chain, it is now essential for exporters to ensure that they mitigate the consequences of delays and prepare for such uncertainties. Insurance policies can be of utmost importance here. […]

Insurance policies

Legal conditions and “reasonable precautions” in insurance policies – what’s the difference?

The Victoria Court of Appeal recently concluded that compliance with statutory conditions is not an absolute requirement under a liability policy, as long as an insured has taken ‘reasonable care’. In question In the recent case of Certain Lloyd’s of London insurers v Dhillon Scaffolding Pty Ltd [2022] VSCA 92, the Court of Appeal had […]

Insurance policies

Understanding the Complexities of Directors’ and Officers’ Liability Insurance Policies in China – Commentary

IntroductionHow does A&D liability insurance work?What are the limits of liability insurance for D&D?What laws govern Chinese A&D liability insurance?Comment Introduction Directors and Officers (D&Os) bear responsibility for many of their company’s activities, especially when those companies are publicly traded. In many cases, D&Os face significant legal exposure based simply on their: Signature; role and […]

Insurance policies

Insurance Care Direct Responds to IRS Summons on Insurance Policies Underwritten by Company

Company executives have fully cooperated with the IRS – Company looks forward to an out-of-court resolution DEERFIELD BEACH, Florida., June 6, 2022 /PRNewswire/ — Insurance Care Direct (ICD), one of the nation’s leading health benefit providers, today released the statement below in response to a subpoena lawsuit filed in federal court against corporate executives last […]

Insurance policies

4IR can help popularize insurance policies, reduce operational costs, expert says at seminar

FE REPORT | Published: Jun 06, 2022 10:51:29 a.m. | Updated: Jun 07, 2022 10:04:46 a.m. Inclusion of Different Fourth Industrial Revolution (4IR) Modules in Insurance Industry Could Popularize Various Insurance Policies Among Customers and Minimize Operational Costs for Insurers, Says Keynote Speech Presented at Seminar sunday. The paper also indicates that 4IR elements such […]

Insurance policies

What are the different types of health insurance policies in India?

In an emergency, a person not only needs emotional support, but also financial support. Health insurance helps bear the costs of increased medical expenses by paying for coverage, so the main question that arises is what type of policy should be selected from the pool. There are different policies available from different insurance companies, it […]

Insurance policies

NMI urged to provide affordable health insurance policies

Image Nationwide Medical Insurance (NMI) Executive Chairman Nana Awuah – Darko Ampem II urged employees to consider the health needs of individuals and families and provide them with affordable health insurance policies.According to him, this will allow NMI to realize its vision of becoming the leading financier of health services in the private medical sector. […]

Insurance policies

Irdai publishes draft anti-money laundering rules for the sale of insurance policies

To improve the AML/CFT process, IRDAI has developed a new draft guideline for insurance companies to follow in their sales and operations going forward. These guidelines will be referred to as the Master Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Guidelines for All Insurers. Once implemented, customers purchasing insurance policies will also need […]

Insurance policies

Cybercrime insurance policies do not protect you against cyberattacks

Are you happy with ransomware attacks because you have cyber insurance? It is estimated that approximately 60% of businesses in the United States infected with ransomware lack the proper cybersecurity systems and procedures for this very reason. Australian companies can learn from what is happening there. Many Australian companies have cybersecurity liability insurance policies that […]

Insurance policies

Cyber ​​insurance policies are getting expensive amid rising hacks and lawsuits

An increase in data breach litigation and skyrocketing costs from ransomware attacks and other cybercrimes are making it harder and more expensive for businesses to purchase insurance policies that help them cover financial losses. The changing insurance market and disagreements over policy exclusions are also causing legal uncertainty, leaving companies and policy providers fighting in […]

Insurance policies

4 types of insurance policies everyone needs

We can’t prevent the unexpected from happening, but sometimes we can protect ourselves and our families from the worst financial fallout. Many types of insurance are available, but no one wants to spend more than necessary. Selecting the right type and amount of insurance should always be based on your specific situation. Factors such as […]

Insurance policies

Cyber ​​insurance policies may not cover phishing attack embezzlement | Bilzin Sumberg

The Eleventh Circuit Court of Appeals is hearing an appeal from the United States District Court for the Intermediate District of Florida, in which the district court ruled that a cyber insurance policy did not cover misappropriation of funds for a building closure. In Star Title Partners of Palm Harbor, LLC v. Illinois Union Insurance […]

Insurance policies

Zahid accuses secretary of using charity checks on car insurance policies, road taxes; quote a different ink on the same check as proof

KUALA LUMPUR, May 24 – Datuk Seri Ahmad Zahid Hamidi continued in court today to blame his former executive secretary, insisting he did not know and never ordered him to use the checks of Yayasan Akalbudi bearing his signature to pay for his personal vehicle insurance policies and road tax. Ahmad Zahid, a former Deputy […]

Insurance policies

Florida Commissioner Enacts Property Insurance Policies Lawmakers Didn’t Agree – InsuranceNewsNet

TALLAHASSEE — After the Florida Legislature failed to pass legislation to rein in the property insurance crisis during the regular session that ended March 14, Insurance Commissioner David Altmaier took the things in hand, using his power to make changes to these fonts. “What Florida lawmakers failed to legislate during the last session on property […]

Insurance policies

13 key facts about black Americans who are increasingly buying life insurance policies, more than other racial groups

For years, black Americans lagged behind whites in the amount of money they had in life insurance, in part because of decades of ride-based pricing in which blacks were more accused. However, that is changing. The 2021 Insurance Barometer study, which tracks the perceptions, attitudes and behavior of adult American consumers, found that 56% of […]

Insurance policies

Altmaier passed property insurance policies that lawmakers did not accept – Orlando Sentinel

TALLAHASSEE — After the Florida Legislature failed to pass legislation to rein in the property insurance crisis during the regular session that ended March 14, Insurance Commissioner David Altmaier took the things in hand, using his power to make changes to these fonts. “What Florida lawmakers failed to legislate in the last session on property […]

Insurance policies

How modern tech companies are leaving old insurance policies in the dust

Modern technology companies evolve at a much faster rate than the insurance policies designed to protect them, says Michael Brunero, head of technology, media and intellectual property (IP) at CFC Underwriting. “To be completely honest, we started to realize that the policy we were originally selling to these customers looked like it was designed for […]

Insurance policies

Protecting customers against losing track of life insurance policies’

What do you want to know Beneficiaries of life insurance policies must claim the benefits. You must help customers follow applicable policies. You should also encourage clients to communicate well with the beneficiaries of their policy. Let’s face it: no one wants to think about dying. But everyone wants to keep their loved ones safe, […]

Insurance policies

Data Breach Attacks Cost SMBs Thousands Without Cyber ​​Insurance Every Year

Small businesses across the UK are counting the cost of not having insurance policies protecting them against the growing risks of cyberattacks or data breaches. As small and medium-sized businesses (SMBs) are targeted by cybercriminals because more and more employees are working from home, businesses across the country are losing thousands of pounds by not […]

Insurance policies

Sales of unemployment insurance policies jump 110% after Covid: what is it and who needs it?

The number of Britons taking out accident, sickness and unemployment insurance has skyrocketed in recent months as workers seek to protect their incomes from illness and job loss. Worries about the economy and the consequences of the Covid pandemic led to a 110% increase in sales in the first three months of 2022 compared to […]

Insurance policies

State Farm deducted overspending from NYC life insurance policies, class action alleges

New to ClassAction.org? Read our newswire disclaimer A proposed class action lawsuit alleges that State Farm Life Insurance Company deducted certain monthly expenses from the value of policyholders’ accounts in excess of what is allowed under the terms of the policies. The 12-page case more specifically claims that despite representing in its policy terms that […]

Insurance policies

Florida home insurance policies discontinued

TAMPA, Fla. (WFLA) — With two weeks to go before the Atlantic hurricane season begins, Florida homeowners are scrambling. FedNat Insurance Company and its sister companies are canceling more than 68,000 policies, 8 On Your Side has learned. The news comes a week before the scheduled start of the special session on the property insurance […]

Insurance policies

68,200 insurance policies in Florida to be canceled

TALLAHASSEE, Fla. – Florida’s property insurance crisis is about to affect tens of thousands of policyholders. More than 68,000 policies from struggling Sunrise-based insurance company FedNat and its sister companies Maison and Monarch National will be canceled by the end of June, according to the terms of a consent order filed by the Agency on […]

Insurance policies

68,200 home insurance policies will be canceled as hurricane season begins – Sun Sentinel

Florida’s property insurance crisis is about to affect tens of thousands of policyholders. More than 68,000 policies from struggling Sunrise-based insurance company FedNat and its sister companies Maison and Monarch National will be canceled by the end of June, according to the terms of a consent order filed Friday by the Agency. state insurance regulation. […]

Insurance policies

Insurance policies for new businesses are increasing – Grand Forks Herald

Michael Conlan, assistant professor of sculpture at the University of North Dakota, decided to take a risk last year. Growing up, he was a skateboarder, and now his 14-year-old son – who will start high school next year – is too. So in the fall he opened Flow Skate Shop in downtown Grand Forks. He […]

Insurance policies

More than 7,000 policyholders terminated their life insurance policies in the first nine months of the current fiscal year – myRepublica

KATHMANDU, May 12: A total of 7,712 policyholders redeemed their life insurance policies during the first nine months of the current fiscal year. According to the Insurance Board (IB) filing, the above numbers of life insurance policies issued by 19 life insurers worth Rs 1.66 billion were canceled in mid-July 2021 and mid-April 2022. During […]

Insurance policies

Wrestling Chimeras – What Are Directors and Officers Liability Insurance Policies Like in China? – Laws and insurance products

Chimera of Arezzo, ch. 400 BCsE., Bronze, 129 cm in length, (Museo Archeologico Nazionale, Florence) (public domain) What is Directors and Officers Liability Insurance? Directors and Officers (“D&O”) assume responsibility for many of their company’s activities, particularly when their company is publicly traded. In many cases, D&Os face significant legal exposure simply because of their […]

Insurance policies

Wrestling Chimeras – What Are Directors and Officers Liability Insurance Policies Like in China?

What is Directors and Officers Liability Insurance? Directors and Officers (“D&O”) assume responsibility for many of their company’s activities, particularly when their company is publicly traded. In many cases, D&Os face significant legal exposure simply because of their signature, role and title, or controlling person status. This means that no matter how efficient, prudent or […]

Insurance policies

Syndicates in South Africa buy insurance policies for their victims – then kill them

Investigations into life insurer frauds have uncovered more evidence of lethal enrichment schemes in which syndicates take out funeral insurance for victims they subsequently kill in order to submit a claim, writes Laura du Preez of the website consumer financial education, SmartAboutMoney. Unions, particularly in the Eastern Cape, are looking for every opportunity to exploit […]

Insurance policies

The bill authorizing paid leave insurance is approved by the Senate

The Minnesota Senate on Tuesday passed a bill that would allow insurers to offer paid family leave coverage to employers who want to extend coverage to their workers. Legislation that allows for a voluntary option is combined with tax credits in a separate bill to be voted on this week. But it’s a narrower approach […]

Insurance policies

29% of UK SMEs canceled their cyber insurance policies in 2021

Nearly 30% of small and medium enterprises (SMEs) terminated their cyber insurance policies in 2021 due to cost reduction. The price of cyber insurance is likely to still be too high for UK SMEs, according to a GlobalData survey published on Friday. 38% of these companies think they are unlikely to be targeted by a […]

Insurance policies

Here’s how startup Noida Zopper is redefining selling insurance policies

Insurance penetration in the country is less than 5% of the population, according to the India Brand Equity Foundation (IBEF). Extending the reach of insurance products by integrating policies with other services on a digital platform is an insurtech startup – Zopper. This Noida-based insurtech startup, founded by Surjendu Kuila and Mayank Gupta entered this […]

Insurance policies

Benefits of renewing insurance policies on time

General insurance contracts are usually annual and must be renewed before the policy expires. Individuals usually purchase insurance coverages like health insurance, personal accident coverage, auto insurance, and perhaps household lump sum insurance, etc. Life insurance policies, on the other hand, are long-term contracts and have installments that must be paid on time. Supriya Rathi, […]

Insurance policies

Kansans urged to review insurance policies after storm

READ MORE Tornado rips through Andover, Kansas A tornado touched down in south-central Kansas on Friday night, causing damage in its wake, but few injuries. Residents of the Wichita area, Andover and Sedgwick and Butler counties are picking up the pieces. Expand All In the two years since Stacey Hobbs bought her house in Andover, […]

Insurance policies

Irdai proposes to standardize group insurance policies and publishes draft guidelines

The Insurance Regulatory and Development Authority of India (Irdai) has proposed to streamline and standardize the administration of group health insurance products to protect the interests of the insuring public and insured members of group schemes. The regulator has proposed to issue guidelines on “group insurance products in connection with health insurance business and other […]

Insurance policies

What to keep in mind when buying life insurance policies

HIGHLIGHTS When determining life coverage, it is important to assess your liabilities, number of dependents, current and future income, and other factors such as your assets and any existing life coverage you may have. . More than duration, consistency and discipline of premium payment is important, as the policy may expire before your financial obligations […]

Insurance policies

Rental landlords turn to insurance policies amid eviction chaos

Maxine Fothergill of Amax Estates, a property management company, who is chairwoman of lettings body Arla Propertymark, said: ‘The pandemic has made it 10 times worse. Oliver Sherlock of Goodlord, a lettings company that offers rent insurance, said: ‘For many years these products were peripheral to many landlords as they saw the risk as minimal. […]

Insurance policies

96% of US drivers don’t understand their car insurance policies

CAMBRIDGE, Mass.–(BUSINESS WIRE)–Insurify, the highest rated US company car insurance comparator site, published its report titled “The 5 Biggest Car Insurance Myths: What Most Americans Get Their Policies WrongThursday. The report, which studies the car insurance knowledge of the average American, found that 96% of American drivers do not understand the fundamental aspects of their […]

Insurance policies

Cybersecurity insurance policies see growth due to increase in cyberattacks

Chennai: Insurance companies are witnessing a growth in the individual, corporate and commercial segments of cyber security insurance policies owing to the increase in the number of cyber attacks. While Bajaj Allianz General Insurance has seen a 30% increase in the number of cyber business insurance policies since 2018, Tata AIG General Insurance is seeing […]

Insurance policies

Massachusetts insurance policies exclude business losses from Covid-19

On April 21, 2022, in the Verveine Corp. vs. Strathmore Insurance Company (No. SJC-13172), the Supreme Judicial Court (SJC), the highest court in the Commonwealth of Massachusetts, has determined that various losses suffered by businesses that arose from the COVID-19 pandemic were not “direct physical loss or damage” to their property, as provided for in […]

Insurance policies

I know someone who has two life insurance policies. Is there a problem with that?

Dear Dave, A relative of mine recently mentioned that she has two life insurance policies. Is it acceptable for a person to have more than one life insurance policy? If so, why would anyone do that? Victoria Dear Victoria, There is no rule prohibiting having more than one life insurance policy. The only real problem […]

Insurance policies

OKFB shares ways to clean up insurance policies | News

At this time of year, many people participate in spring cleaning by throwing out broken or unnecessary clutter and cleaning their homes to prepare for the months ahead. However, one important element that is often overlooked is reviewing and updating insurance policies as needed. This season, Oklahoma Farm Bureau Insurance encourages residents to add an […]

Insurance policies

What you need to know about cancer insurance policies

The financial risk of cancer can be potentially high because the components of risk, the probability of the event occurring and the cost of the impact of the event are higher. A report by the National Institute for Cancer Prevention and Research indicates that the risk of developing cancer before the age of 75 is […]

Insurance policies

Insurance policies for this month’s COVID-19 outbreak

By Kao Shih-ching / Staff Reporter About 460,000 COVID-19 insurance policies have been sold over the past week as people seek protection from surging local infections, according to data from the Financial Supervisory Commission (FSC). Local insurers have sold 1.65 million COVID-19 insurance policies since their launch early last year, after a 38% spike in […]

Insurance policies

New Quebec Regulation to Exempt Certain Insurance Policies from Limit Eroding Fee Prohibition: Clyde & Co

On May 6, 2022, a new and long-awaited regulation will enter into force by exempting “civil liability insurance contracts” issued to certain insured persons from Civil Code of Quebec (there “CCQ“) requirements that defense costs in liability insurance policies do not erode policy limits, that limits are eroded only by payment of […]