Insurance policies

DIFS Encourages Drivers to Review Auto Insurance Policies to Understand Vehicle-Deer Collision Coverage |

LANSING – The Michigan Department of Insurance and Financial Services (DIFS) is reminding consumers to review their auto insurance coverage to ensure they understand what coverage may be available in the event of damage caused by a collision between a vehicle and a deer. Although these types of accidents happen year-round, the fall deer hunting […]

Insurance policies

Take several insurances? You can no longer hide it from other insurers

Representative image. News18 About 359 million Indians were covered by government-sponsored health insurance schemes in fiscal year 2018, according to Statista. This number is expected to reach over 526 million by FY2030. It is evident that Indians are increasingly aware of the importance of getting insurance. However, there are a limited number of insurance policies […]

Insurance policies

Which travel insurance policies are best for snowbirds?

Which travel insurance policies are best for snowbirds? | TheRecord.com “,”heading”:””,”fullWindow”:false,”fullBleed”:false,”showFullBleedOnMobile”:false,”headColor”:””,”type”:”html5mobile”,”textColor”:””,” mobileImageUrl”:””,”bgColor”:””,”imageUrl”:””,”registeredOnly”:false,”linkUrl”:””,”aodaTitle”:”travel insurance for snowbirds”,”internalScroll”:false, “displayStyle”:”small-up”},{“text”:”Pay attention to the fine print when selecting a policy, advises Hands. It is important that the travel policy takes your age into account, especially for snowbirds over 65. If you have pre-existing medical conditions, make sure your policy covers […]

Insurance policies

Have you taken out several insurance policies? You can no longer hide it from other insurers!

As the motive of insurance is to cover financial loss due to the unfortunate occurrence of an insurable event, there is a limit to the insurance coverage one can choose. For example, the motive of life insurance is to cover the loss of income due to the premature death of a breadwinner. Thus, the maximum […]

Insurance policies

Major transport insurance policies survive cuts as Chancellor recommits to major schemes

Chancellor Jeremy Hunt has pledged to take care of the authorities’ dedication to Northern Rail Powerhouse and HS2. The idea before his attack on the fall claim in the House of Commons at the moment was that the big transport tasks would be suffered as part of the government’s bid to plug its £55billion spending […]

Insurance policies

What to know about car insurance policies

The story, or rather the problem, is all too familiar; dissatisfaction or dissatisfaction with the insurance premium for his vehicle. More often than not, this stems from a policy purchased without reading or understanding the fine print as to where and for what the stated amount goes. As such, this often leads to a case […]

Insurance policies

Growing demand for online insurance policies, digital marketing

Driven by digital disruption and the rise of technology-based services in the country. Applying for online insurance policies: Most young people want to opt for online insurance because online insurance policies are often much cheaper than offline plans due to the elimination of overhead and commissions from online agents, because the commission charged by aggregators […]

Insurance policies

The legal danger lurking in cyber insurance policies | Tanium

Cyber ​​insurance coverage is hard enough to get and keep in these times of constant ransomware attacks. Now companies apparently have to worry about insurers suing them to void their policies as if they never existed. In late August, the Travelers Property Casualty Company of America and International Control Services (ICS) reached an agreement in […]

Insurance policies

Customers confused over health insurance policies, ombudsman report says

Many private health insurance customers are unsure of the details of their policy, despite the average cost reaching €1,410 per year per adult, according to a review by the Pensions Ombudsman The Office of the Financial Services and Pensions Ombudsman (FSPO) has released its latest Digest of Decisions report outlining the confusion among many Irish […]

Insurance policies

Best Auto Insurance Policies for November 2022 – Forbes Advisor INDIA

Auto insurance premium refers to an amount that is paid by the car owner or insured periodically to the insurance company for the purchase of an auto insurance policy. The auto insurance policy provides financial protection for your quad against any physical damage or injury resulting from a collision and against third party liability for […]

Insurance policies

What is force majeure clause in insurance policies

Recently, the devastating Morbi accident happened in Gujarat, killing more than 140 people, and dozens of people are still missing after falling into the river. Many wonder if the incident can be attributed to human error or if it was an unavoidable event beyond conscious intervention. Many people describe the destruction of the Gujarat Bridge […]

Insurance policies

Why are telematics insurance policies among the most popular options for drivers?

Listen to this article There’s no denying that insurance policies aren’t the hottest topic for most people, especially companies trying to break into the industry. As a result, insurance can sometimes feel like more trouble than it’s worth, but it’s far more crucial than most people realize. That said, when it comes to insurance, one […]

Insurance policies

Insurance policies could be impacted by banks’ exit

Insurers have urged customers of Ulster Bank and KBC Bank Ireland to be aware of the risks to their insurance and pension policies posed by the departure of the two lenders. Insurance Ireland said customers of banks whose policies are paid for by direct debit should ensure they update payment details and mandates to avoid […]

Insurance policies

Experts urge SMEs to adopt insurance policies to cover risks — Business — The Guardian Nigeria News – Nigeria and World News

Experts from the country’s insurance industry have called on small and medium enterprises (SMEs) to adopt insurance policies to mitigate business risks and ensure sustainability. Experts who convened in the just-concluded webinar, co-hosted by Coronation Insurance Plc and Coronation Life Assurance, are working with Access Bank, for example, to develop business protection packages that include […]

Insurance policies

Cabinet to consider review of insurance policies following series of hit-and-run incidents

Cabinet Spokesperson and Minister for Information, Melford Nicholas. (Facebook picture) – Advertising – By Carlena Knight [email protected] The recent hit-and-run accident on Friars Hill Road has sparked discussions about whether the legal penalties are sufficient for convicted drivers and whether there is sufficient financial support for the victims, many of whom require medical attention. thorough. […]

Insurance policies

SGFinDex will include information on insurance policies

Deputy Prime Minister Lawrence Wong announced that SGFinDex will include information on insurance plans at the Singapore Fintech Festival. (PHOTO: Singapore Fintech Festival 2022) SINGAPORE – Information on insurance policies offered by various insurers in Singapore will be added to the Singapore Financial Data Exchange (SGFinDex), Deputy Prime Minister and Finance Minister Lawrence Wong said […]

Insurance policies

Singaporeans will get a consolidated view of their insurance policies on SGFinDex: DPM Wong

SINGAPORE – Singaporeans will be able to get a consolidated view of their insurance policies from various insurers with the addition of these plans to the Singapore Financial Data Exchange (SGFinDex), Deputy Prime Minister Lawrence Wong said on Wednesday. The country will also invest $150 million in new funds to drive innovation in financial services […]

Insurance policies

Health insurance policies to cover mental illness from November 1

The coverage of health insurance policies is expanding: The Insurance Regulatory and Development Authority of India (IRDAI) has made it mandatory for all health insurance policies to cover mental illness. Previously, most health insurance policies did not cover mental illness, whether pre-existing or diagnosed after the policy was purchased. However, this will change from 1 […]

Insurance policies

87 companies rewarded for setting up social insurance policies | Company

87 companies rewarded for implementing social security policies (Photo: VNA) Ninh Binh (VNA) – The Vietnam Social Security (VSS) held a ceremony in northern Ninh Binh province on October 31 to honor 87 enterprises in 20 northern cities and provinces for their outstanding performance in implementing social programs and health insurance policies over the period […]

Insurance policies

From mandatory KYC for insurance policies to the railway timetable, know that the main changes will take effect from today

With the start of the month, there are several changes, including the train schedule for WhatsApp usage, which will affect the common man. This month is also important for retirees as they must submit life certificates to guarantee an uninterrupted pension in their bank accounts. It is therefore crucial to know the changes that will […]

Insurance policies

How No Exam Life Insurance Policies Could Benefit You

No-exam life insurance policies have multiple benefits that are worth exploring. Getty Images If you want to support your loved ones after you die, life insurance can help you do that. With life insurance policies, your beneficiaries get cash payment when you’re away – one they can use for funeral expenses, unpaid bills or other […]

Insurance policies

Crop Price Option Triggers for 2022 Corn Revenue Protection Crop Insurance Policies

The USDA projects that farmers will harvest 13.9 billion bushels of corn this year with a national average yield of 171.9 bushels per acre. That’s a far cry from 2012, when a devastating drought scorched crops nationwide and pushed the crop insurance crop price to $7.50 a bushel for corn. At that time, farmers had […]

Insurance policies

Georgia finds life insurance policies with intent to sell are legal

Thursday, October 27, 2022 On October 25, 2022, the Supreme Court of Georgia answered a certified question from the Court of Appeals for the Eleventh Circuit regarding the Georgia Insurable Interest Act, OCGA § 33-24-3 (1995). In Crum v. Jackson National Life Insurance Company, No. S22Q0649 (Ga. 2022), the main issue, as restated by the […]

Insurance policies

Watch for gaps in mental illness insurance policies

Mental Health Care Act: Bhaskar Nerurkar, Head of Health Administration Team, Bajaj Allianz General Insurance, said: “The Mental Health Care Act 2017 aims to address mental health issues and deal with them on a footing on a par with physical illnesses. Accordingly, pursuant to Section 21(4) of the Act, each insurer shall provide medical insurance […]

Insurance policies

Dave Ramsey said these types of insurance policies are scams. Here’s why he’s right

Image source: Getty Images Don’t buy life insurance without reading these tips from Dave Ramsey. Key points Dave Ramsey recommends getting life insurance, but he doesn’t like permanent life insurance policies. He called the permanent policies “scams”. They are very expensive and do not serve well as investment accounts or to pay death benefits to […]

Insurance policies

Third Party Email Fraud Covered by Insurance Policies – Laws and Insurance Products

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 company had been the victim of an email spoofing scheme that resulted in the company wire funds to a fraudster’s account. More recent […]

Insurance policies

How do the wealthy get the most out of life insurance policies?

If the policyholder is not present, life insurance protects the policyholder and his family members. It guarantees that the promised amount will be paid to the family of the insured in the event of the death of the insured. Life insurance, in addition to death benefits, provides maturity/survivor benefits to the policyholder if […]

Insurance policies

OVERVIEW: Insurance Policies and Coverage for Bunker Suppliers

Anthony Mollet, Managing Director, Marine Fuels Alliance. Image Credit: Marine Fuels Alliance Reviewing and scrutinizing company policies is a time-consuming task that many are reluctant to do. This may be due to a genuine lack of expertise in the specific area or perhaps concern over the cost to perform a full review and make changes. […]

Insurance policies

The Evolution of Cyber ​​Insurance Policies: The Unintended Consequences of Ransomware

The rise of ransomware over the past two years has been well reported as it has crippled organizations around the world. The rise of ransomware has led victim organizations to seek the cheapest and most legally compliant solution to an attack. Thus, many organizations have prioritized the adoption of cyber insurance programs. While cyber insurance […]

Insurance policies

Inflation is causing many Americans to cut insurance policies to save money, survey finds

Americans have considered reducing or dropping their insurance coverage as a short-term solution to rising costs despite the potential long-term financial ramifications, Nationwide said in a recent poll. (iStock) U.S. consumers have considered reducing or even dropping their insurance coverage as they seek to cut costs amid economic pressures, according to a recent survey. More […]

Insurance policies

Essential facts about rental car insurance policies

A car rental agency is naturally protective of its assets. People may not drive as carefully in a car they don’t own, leading to accidents. Because the agency needs the damage repaired or the car replaced, they usually recommend that renters purchase their provided insurance policy. When renting a car, however, you may wonder whether […]

Insurance policies

Regulator reiterates requirement for health insurance policies to cover mental illness

IRDAI has asked all insurance companies providing health insurance to cover mental illness by October 31, 2022. In a circular entitled “Providing cover for mental illness within health insurance policies” and published on October 18, the regulator said “It is recalled that all insurance products must cover mental illness and comply with the provisions of […]

Insurance policies

Best Health Insurance Policies in 2022 – Forbes Advisor INDIA

Aditya Birla Activ Health + Combo Multiplier Fit The Aditya Birla Activ Health + Multiply Fit Combo offers both family float and individual policy options. This plan also covers pre and post hospitalization expenses and modern treatments. Apart from pure health insurance coverage, this policy also offers various reimbursement offers and health and wellness benefits. […]

Insurance policies

UK SMEs shun sustainability in insurance policies

UK SMEs still see sustainability as important, but other factors are replacing it in policy decision-making. (Photo by shutter_o/Shutterstock) While a sustainability track record of the insurer is seen as a factor for small and medium-sized businesses (SMEs) in the UK, it is outweighed by many other issues for them when choosing a policy, according […]

Insurance policies

Home insurance policies from Ageas will be among the first to be offered on the Amazon Insurance Store

Ageas today announced that its personal home insurance policies will be sold through the new Amazon Insurance Store via a new product called ‘Ageas Select’. Ageas’ position as one of the first insurers to participate in the new Amazon Insurance Store is further proof of the success of our multi-channel and electronically traded personal insurance […]

Insurance policies

Same-sex partners can name each other in insurance policies, confirms LIC

When a queer couple in Kolkata filed an RTI request to find out if there is any legal impediment for anyone to make their same-sex partner a candidate in their insurance policies, the Life Insurance Company (LIC) confirmed that sex would not serve as an obstacle. . The request was made by Suchandra Das and […]

Insurance policies

Sanford Insurance Center Inc offers tailored insurance policies for residents of Sanford, FL

Sanford, Florida – Sanford Insurance Center Inc is a family insurance agency that ensures that all homes and belongings of their clients are protected. They have relationships with over 50 companies to provide quality and affordable insurance policies to their esteemed customers. The insurance agent provides insurance for renters, homeowners, automobiles, mobile homes, general liability, […]

Insurance policies

‘Where’s Waldo?’ Why are insurance policies so long and complicated?

New You can now listen to the Insurance Journal articles! Ambiguity and incomprehensibility seem to be the favorite tools of the insurance profession in drafting policies. Most are a virtually impenetrable thicket of incomprehensible verbosity. It seems that insurers usually try to convince the customer when selling the policy that everything is covered and to […]

Insurance policies

Saudi bank EXIM issues insurance policies worth $100m to support exports to South Africa

RIYADH: Saudi Arabia’s Ministry of Economy and Planning on Sunday launched a new economic indicator called MEPX to monitor the performance of the Kingdom’s private sector, a statement said. It is designed to track 10 economic factors classified into four categories, consumers, businesses, and the financial and commercial sectors. Through the use of state-of-the-art econometric […]

Insurance policies

4 Insurance Policies Every Adult Should Have

Insurance protects you and your loved ones in the event of an emergency or accident. / Credit: Getty Images/iStockphoto Insurance policies can be a nuisance to pay for each month, especially if your budget is tight. Paying in advance, however, will ensure you don’t get stuck in the future. You can’t prevent emergencies, accidents, or […]

Insurance policies

4 types of insurance policies every adult should have

Insurance protects you and your loved ones in the event of an emergency or accident. Getty Images/iStockphoto Insurance policies can be a nuisance to pay for each month, especially if your budget is tight. Paying in advance, however, will ensure you don’t get stuck in the future. You can’t prevent emergencies, accidents, or deaths, but […]

Insurance policies

How to compare medical and life insurance policies

Insurance is an integral part of everyday life. We encounter it in all forms, including auto insurance, home insurance, and insurance to protect our property and possessions. Investing in insurance can often leave people feeling overwhelmed, there seems to be an almost endless supply of conflicting companies, policies and opinions. Perhaps the two most important […]

Insurance policies

Malaga – Costa del Sol | Rincón restaurant owners were paying out 50 insurance policies due to alleged fraud

María Teresa and Miguel with their daughter, in front of their restaurant. / ñito salas The couple discovered during the coronavirus lockdown that almost 40,000 euros had disappeared from their bank account without them realizing it They ran a busy restaurant, so their bank account always showed a lot of movement. This is why the […]

Insurance policies

Differences between participating and non-participating life insurance policies

Representative image. News18 Today, India offers a wide variety of life insurance policies. In the event of the tragic death of the insured person, life insurance plans provide financial protection to the named persons, family and dependents of the insured. With a life insurance contract, the insured can have more peace of mind while ensuring […]

Insurance policies

What are the differences between participating and non-participating life insurance policies?

By Anup Seth, Distribution Manager, Edelweiss Tokio Life Insurance The history of life insurance in India has reached an inflection point. An instrument whose awareness was very low until recently is slowly gaining popularity among a wider population, as the need for financial risk management has become apparent. A new category of life insurance customers […]

Insurance policies

Some pet insurance policies cover routine care. Here’s why you might want to avoid them

Image source: Getty Images This is what is most profitable. Key points Pet insurance can protect you from exorbitant costs if your pet gets sick or injured. Although some policies include coverage for routine care, they are not necessarily your best bet. The cost of the policy may exceed your expenses for routine veterinary care. […]

Insurance policies

How are life insurance policies taxed?

In very simple terms, life insurance is a contract you enter into with an insurance company. You, the policyholder, pay periodic premiums to the insurance company in return for a gross amount payable on the death of the insured (death benefit) and/or at the end of the term of insurance ( maturity service). Tax advantages […]

Insurance policies

Woodbury Financial ordered to pay $850,000 in annuity and insurance policies

An arbitration panel ordered Woodbury Financial Services Inc. to pay $850,000 in damages to a Florida couple who said their money was placed in unsuitable insurance and annuity products that could not pay them the income they were promised for retirement. The products were sold by a deceased adviser who had previously been accused of […]

Insurance policies

Illinois Mutual cashes in by canceling lifetime health insurance policies, alleges class action lawsuit

New to ClassAction.org? Read our newswire disclaimer A proposed class action lawsuit alleges that the Illinois Mutual Life Insurance Company illegally canceled more than 20 “lifetime renewable” insurance policies because it believed they were no longer profitable. The 21-page case alleges that Illinois Mutual breached its contractual promise to offer lifetime health insurance, a policy […]

Insurance policies

How to navigate insurance policies after a hurricane

A storm damaged a residence in the aftermath of Hurricane Ian on Sanibel Island, Florida. Known for their rescues in Afghanistan and Ukraine, the DYNAMO project team was unable to get in touch with the person they were looking for. On The streamwe had the opportunity to speak with lawyer Candice Colucci from Colucci Law […]

Insurance policies

What Cyber ​​Insurers Can Learn From Property Insurance Policies

An increase in the frequency and severity of cyber insurance claims may be on the horizon, but insurers may be able to manage this risk by learning from property insurance programs, a cyber expert said during of one Canadian underwriter online seminar. This model will mimic the layered insurance model commonly used for personal home […]

Insurance policies

Taxation and tax advantages with insurance policies

Taxes oi-Sunil Fernandes By Amit Gupta | Posted: Monday October 3rd 2022, 01:48 PM [IST] In these unforeseen times, a life insurance policy becomes an essential investment. It’s a good idea to cover your life because while it may not make up for the emotional loss, at least your family members will be financially secure. […]

Insurance policies

IRDAI publishes draft standards; the insurer must have a fitness-compatible electronic application form

Dematerialization of insurance contracts: IRDAI publishes draft standards; the insurer must have an electronic application form with a physical form New Delhi: The Insurance Regulatory Development Authority of India (IRDAI) released draft guidelines on the dematerialization of new insurance policies on Saturday and solicited comments from all stakeholders by October 20. “To promote efficiency in […]

Insurance policies

What you need to know about critical illness insurance policies

As many illnesses come without indication, people prefer to be prepared for such kind of unfortunate incidents with a health insurance policy. Since critical illnesses carry the huge potential to snatch money from someone, many people also opt for critical illness insurance. Read also : What to Consider When Buying Family Health Insurance With this […]

Insurance policies

Business News | What you need to know about critical illness insurance policies

New Delhi [India], Oct 1 (ANI/BusinessWire India): There are many types of health insurance policies available in the market, and it can be difficult to decide which one is best for you and your family. One policy that is gaining in popularity is critical illness insurance. This type of policy provides coverage if you are […]

Insurance policies

Illinois Department of Insurance Reimburses Millions of Lost Insurance Policies

Studstill press photo CHICAGO — If you think you’re the beneficiary of a deceased relative’s lost or missing life insurance policy, but aren’t sure where to start your search, the Illinois Department of Insurance can help. . This year, IDOI has already helped consumers find and collect over $7.9 million in lost or unclaimed life […]

Insurance policies

Illinois Department of Insurance helps millions of consumers with lost insurance policies

Studstill press photo CHICAGO — If you think you’re the beneficiary of a deceased relative’s lost or missing life insurance policy, but aren’t sure where to start your search, the Illinois Department of Insurance can help. . This year, IDOI has already helped consumers find and collect over $7.9 million in lost or unclaimed life […]

Insurance policies

Subrogation under FIDO insurance policies in China: Clyde & Co

Securities claims are considered a primary type of claim under D&O and FI policies. In cases of securities misrepresentation, multiple parties could be held jointly and severally liable (including, but not limited to, the insured entity and the person insured under a D&D policy, the insured under an FI policy and other entities, such as […]

Insurance policies

Sherwin-Williams highlights how insurers restrict insurance policies

Wednesday, September 28, 2022 In Sherwin-Williams Co. v. Certain Underwriters at Lloyd’s London, et al., the Eighth District Court of Appeals for Ohio, reversed the lower court’s decision, finding that money paid by the insured to a reduction fund constituted “damages” because that indefinite term was used in policyholder’s insurance policies. 2022-Ohio-3031, ¶ 1. Sherwin-Williams […]

Insurance policies

The Truth About Endowment Life Insurance Policies – 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. Endowment life insurance is designed to provide a payment to the beneficiaries of the contract on the death of the insured or to the insured himself at the end of a determined […]

Insurance policies

Review your insurance policies to prepare for a potential storm – NBC 6 South Florida

The tropics are active and with a storm potentially targeting Florida, now is the time to prepare. “You’ve got all your hurricane supplies, make sure you’ve taken care of your insurance,” said Dulce Suarez-Resnick, vice president of sales at Acentria Insurance in Miami. Start by gathering your documents for your insurance policies. “Take a Ziploc […]

Insurance policies

California again protects insurance policies in areas affected by fires

Mosquito fire mapProvided FORESTHILL, Calif. — Those affected by the Mosquito Fire need not worry about being let down by their insurance companies. California on Thursday temporarily banned insurance companies from dropping off customers in areas affected by recent wildfires, a day after evacuation orders were lifted for residents near the state’s largest blaze in […]

Insurance policies

New Orleans man arrested in connection with fraudulent insurance policies, state police say – InsuranceNewsNet

New Orleans Lawyer, The (LA) A New Orleans the man has been charged with more than a dozen counts of insurance fraud as part of a state investigation into the practices of marrero insurance company, two Louisiana agencies announced on Wednesday. Erik Sandoval-Flores32, was arrested and charged with 19 counts of falsifying insurance certificates in […]

Insurance policies

California will again protect insurance policies in fire zones

California on Thursday temporarily banned insurance companies from dropping off customers in areas affected by recent wildfires, a day after evacuation orders were lifted for residents near a two-week-old blaze that has become the largest in the state so far this year. Several days of sporadic rain helped firefighters achieve 60% containment on the Mosquito […]

Insurance policies

New Orleans man arrested in connection with fraudulent insurance policies, state police say | Crime/Police

A New Orleans man has been charged with more than a dozen counts of insurance fraud in a state investigation into the practices of insurance company Marrero, reports said. two Louisiana agencies on Wednesday. Erik Sandoval-Flores, 32, was arrested and charged with 19 counts of falsifying insurance certificates in connection with fraudulent insurance policies issued […]

Insurance policies

California will again protect insurance policies in fire zones – Times-Standard

FORESTHILL — California on Thursday temporarily banned insurance companies from dropping off customers in areas affected by recent wildfires, a day after evacuation orders were lifted for residents near a two-year-old blaze weeks which has become the largest in the state so far this year. Several days of sporadic rain helped firefighters achieve 60% containment […]

Insurance policies

Insurance, vital policies to boost cybersecurity in the Philippines – experts

PIXABAY By Arjay L. Balinbin, Senior Reporter INSURANCE, training the workforce, enacting more cybersecurity laws, and addressing barriers to implementing existing government policies are key to strengthening the Philippines’ defenses against cyberattacks, said experts. “I would advocate for increased local market support for cybersecurity insurance,” said Ana Margarita “Miren” Sanchez, Philpacific Insurance Brokers & Managers, […]

Insurance policies

Aspen Digital Bolsters Crypto Security with Insurance Policies

HONG KONG, September 22, 2022 /PRNewswire/ — Aspen Digital, a bespoke full-service crypto asset management company, has added robust insurance offerings to protect its clients and their assets as part of the company’s commitment to of safety and security. (PRNewsfoto/Aspen Digital) “Our customers want peace of mind, especially in these unstable times,” said Yang He, […]

Insurance policies

Help clients reassess their life insurance policies

What do you want to know COVID-19 has given everyone a lesson in the importance of protection. Too many of your clients may still make their ex-spouses their primary beneficiaries. Many other life changes could alter coverage needs. The unfortunate effects of the pandemic have led many people to increasingly think about their mortality – […]

Insurance policies

Considerations for Margin Protection Insurance Policies

A relatively new crop insurance option that has been added in recent years by the United States Department of Agriculture’s Risk Management Agency (RMA) are “Margin Protection” (MP ). Given the expectation of much higher farm input costs for 2023, as well as some pretty strong projections for commodity prices from 2023 into the fall […]

Insurance policies

Is it possible to have several auto insurance policies at the same time?

Securing your car with the right car insurance policy happens to be a priority when buying a new vehicle. In addition, Canadian law requires that you carry liability insurance. Naturally, you would get multiple car insurance quotes from different insurers. In the end, you will settle for the policy that offers maximum coverage at affordable […]

Insurance policies

Arpita Mukherjee has 31 life insurance policies with an annual premium of ₹1.5cr:ED

The annual premium amount for 31 life insurance policies from Arpita Mukherjeeperceived by the closest confidant of the former minister Partha Chatterjee in the multicrore West Bengal School Service Commission (WBSSC) scam, is up to Rs 1.5 crore, according to the Execution Directorate (ED). The figure was cited by the investigative agency in its first […]

Insurance policies

What MSPs need to know about cyber insurance policies

From business interruptions to rising costs of responding to incidents and cyber threats looming as the war in Ukraine continues, cyber insurance companies are no longer taking risks. Cyber ​​threats increased by 59%, to one in 64 businesses affected in 2022. With remote working becoming increasingly popular, cyberinsurers are adjusting their policies and assessing customer […]

Insurance policies

Everything you need to know about the dematerialization of insurance contracts

Why is there so much excitement among insurance companies these days? Well, that’s because insurance regulator IRDAI is now giving a big boost to the “dematerialization” of policies. As part of this exercise, the regulator has mandated from December this year, all new insurance policies will have to be issued in a dematerialized form. By […]

Insurance policies

Your money: Benefits of demat insurance policies

The Indian Insurance Regulatory and Development Authority (Irdai) has made it mandatory to dematerialize new insurance policies by December this year. Dematerialization consists of transforming physical documents into an editable format online. In addition, Irdai has asked all insurance companies to dematerialize existing and old policies by next December. The insurance company will pay all […]

Insurance policies

Unmasking insurance policies: LIC is considering the creation of its own repository

The regulator is also keen to develop a sophisticated platform called “Bima Sugam”, a digital platform for sales, service and claims settlement. Dear reader, Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. […]

Insurance policies

FEMA removes data showing decline in flood insurance policies

The Federal Emergency Management Agency removed publicly available documents from its website that showed hundreds of thousands of people had dropped their federal flood insurance policies in recent months. FEMA pulled the records after E&E News cited the data in an Aug. 17 news article that found more than 425,000 people had terminated their policies […]

Insurance policies

IRDAI will impose the dematerialization of new insurance policies by the end of the year

The regulator has also asked insurance companies to dematerialize existing and old insurance policies. The deadline for this is December 2023, Live Mint reported. Representative image. Wikimedia Commons The Insurance Regulatory and Development Authority of India (IRDAI) has mandated the dematerialization of new insurance policies by December 2022 with the aim of increasing customer convenience. […]

Insurance policies

Companies continue to buy cyber insurance policies

Despite rising cyber insurance premium costs and changing coverage areas, companies are still researching and renewing their policies, experts tell Axios. The big picture: Cyber ​​insurance provides financial assistance following a cyberattack to help cover ransom payments or the costs of rebuilding data storage systems. But as the attacks increased, the high prices increased. Additionally, […]

Insurance policies

IRDAI plans to dematerialize all insurance policies, what this means for you

The Insurance Regulatory Development Authority of India (IRDAI) has mandated the dematerialization of new insurance policies by the end of the year. He urged all insurance companies to dematerialize their existing or old policies by the end of December, industry experts said. “We expect IRDAI to issue a circular on this soon. All expected stakeholders […]

Insurance policies

IRDAI proposes to have insurance policies in Demat format by December 2022

The Insurance Regulatory and Development Authority of India (IRDAI) has proposed to mandate the dematerialization of all new insurance policies by December this year in a bid to digitize insurance policies. Dematerialization consists of transforming physical documents into an editable format online. With dematerialization or ‘Demat’, an insured can build up a portfolio of insurance […]

Insurance policies

State offers $6.5 million to develop insurance policies to promote clean technologies

Doreen Harris A the new state program is ffocused on finding aDeveloping new insurance policies and products “that will drive clean technology adoption” across New York State. Governor Kathy Hochul on September 1 announced $6.5 million to support the “Insurance Innovation for Climate Technology Solutions” program. The initiative will provide funding for products […]

Insurance policies

Life insurance contracts: why are they necessary?

Most people understand the need for it, but many don’t have coverage. September is Life Insurance Awareness Month. CBS News Business analyst Jill Schlesinger said insurance is essentially the plant part of your financial regimen. “Who wants vegetables when we can gobble up the sizzle of something like investments,” Schlesinger said. “Life insurance forces you […]

Insurance policies

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

Death benefit The death benefit is payable to the beneficiary of the insured, if he dies during the term of the policy. The death benefit is the total of the sum insured, guaranteed supplements and premiums (if any). Maturity benefit This benefit is payable to the policyholder if the term of the contract expires. This […]

Insurance policies

Irdai imposes the dematerialization of new insurance policies by December 2022: sources

mini Dematerialization consists of converting a physical font document into an editable online object. This means that a person will no longer need to indulge in paperwork at the time of policy renewal. The Insurance Regulatory and Development Authority of India (IRDAI) has made dematerialization of new insurance policies mandatory by December 2022, sources have […]

Insurance policies

Drivers are switching insurance policies to cut costs

(DC News Now) – As more drivers opt for car insurance policies that monitor driving behavior, according to a recent report from JD Power, consumers can save on monthly rates if they drive in completely safe. Auto insurance rates from at least two major insurance companies have increased in the district, and usage-based auto insurance […]

Insurance policies

Qian launches cyber insurance policies in India

The demand for cyber insurance policy is increasing as the awareness of ransomware attacks, malware attacks compromise emails leading to huge losses for businesses. Moreover, the quantum of losses due to cyberattacks is also increasing year by year. The wave of cyberattacks in recent years has made cybersecurity a top priority for Indian CEOs. Businesses […]

Insurance policies

What to know about term insurance policies

Term insurance is an excellent financial tool to secure your family’s financial future in the event of unforeseen events. In this article, we’ll look at how term life insurance works, its benefits, and its importance in providing financial security for the lives of your loved ones. What is a term insurance policy? A term insurance […]

Insurance policies

Tornado-hit Bergen resident urges people to review their insurance policies

Neran Persaud says neighbors and community were more reliable in responding to devastating storm MOUNTAIN VIEW COUNTY — One of the Bergen-area residents whose property suffered extensive damage from the July 7 tornado-producing storm says neighbors and the surrounding community have been more reliable in providing support than governments local or provincial. Neran Persaud, who […]

Insurance policies

WROTB reviews insurance policies | Local News

BATAVIA – There will be a health insurance presentation at the Western Regional Off-Track Betting Corporation (WROTB) this month as a WROTB attorney continues to negotiate with the state regarding health insurance. “The (Board) has asked me and the leadership to come back to them in September with a plan to address Western Regional’s health […]

Insurance policies

WROTB reviews insurance policies | Featured story

BATAVIA – There will be a health insurance presentation at the Western Regional Off-Track Betting Corporation (WROTB) this month as a WROTB attorney continues to negotiate with the state regarding health insurance. “The (Board) has asked me and the leadership to come back to them in September with a plan to address Western Regional’s health […]

Insurance policies

The best professional indemnity insurance policies for 2022

Courtesy of Sturti/iStock When you’re a business owner, getting business insurance is essential, no matter the size of your business. Professional liability insurance policies — also known as errors and omissions (E&O) insurance — help cover you against potentially catastrophic financial events, such as a lawsuit from a client. Without the right insurance, you may […]

Insurance policies

Florida regulators consider lifting $700,000 cap on citizens’ home insurance policies

TALLAHASSEE — As homeowners struggle to find coverage, insurance regulators are considering lifting a $700,000 cap on policies sold by the state-backed Citizens Property Insurance Corp. Citizens are prohibited by law from providing so-called “replacement cost” coverage over $700,000 for homes, except in Miami-Dade and Monroe counties, where the limit is $1 million. of dollars. […]

Insurance policies

Expert Opinions Reveal “Not All Cyber ​​Insurance Policies Are Created Equal”

According to cybersecurity insurance experts at KordaMentha, cyber insurance coverage may not be nearly as comprehensive as initially thought. A recent Australian court ruling found that car dealer and service company Inchcape could not claim costs incurred for cleanup and recovery after a cyberattack. According KordaMentha analysts, the Inchcape case is a clear example of […]

Insurance policies

Not All Cyber ​​Insurance Policies Are Created Equal – Laws and Insurance Products

To print this article, all you need to do is be registered or log in to Mondaq.com. What businesses need to know as cyber insurance evolves. Many Australian businesses are faced with the painful realization that their cyber insurance coverage may not be as comprehensive as initially believed. Recent cases reveal unrealistic expectations of cyber […]

Insurance policies

KYC may soon become mandatory for health and car insurance policies; check details here

You will soon be required to provide Know Your Customer (KYC) documents when purchasing a health and auto insurance policy. Indeed, the Insurance Regulatory and Development Authority of India (IRDAI) plans to make KYC information mandatory for general insurance companies. Currently, the KYC requirement is voluntary at the time of non-life policy purchase. However, KYC […]

Insurance policies

It’s a matter of policy: producing insurance policies for liquidators

The Federal Court of Australia gives guidance on the types of documents that must be produced in a subpoena and when a candidate can recover their costs. In a recent decision, the Federal Court of Australia considered under what circumstances a subpoena may require the production of a professional indemnity insurance policy against which the […]

Insurance policies

It’s a question of policy: production of insurance policies…

The Federal Court of Australia gives guidance on the types of documents that must be produced in a subpoena and when a candidate can recover their costs. In a recent decision, the Federal Court of Australia considered under what circumstances a subpoena may require the production of a professional indemnity insurance policy against which the […]

Insurance policies

Covid distress? Sharp increase in insurance policy redemptions

MORE THAN 2.30 crore life insurance policies were surrendered by policyholders in 2021-22, well ahead of their maturity. This is more than three times the number of policies (69.78 lakh) redeemed early in 2020-21. A nationwide lockdown announced by the government on March 24, 2020, following the Covid-19 outbreak, had forced many people out of […]

Insurance policies

Man arrested for selling fake car insurance policies to Gurugram

GURUGRAM: A 26-year-old man has been charged with selling fake car insurance policies in the name of Policybazzar Insurance in the Neb Sarai area of ​​Delhi, police said on Wednesday. Accused Rahul Kumar was arrested by the team of Gurugram Police Cyber ​​Crime Police Station on Monday. Rahul Kumar had been on the loose since […]