Insurance policies

Ramifications under trade credit and political risk insurance policies for the decision of an insured of: Clyde & Co

The continued imposition of sanctions against Russia following the attack on Ukraine creates a number of significant issues for insurers who have purchased trade credit and/or political risk insurance policies. Even when sanctions have not banned corporate activities in Russia, many companies have voluntarily chosen to withdraw from the Russian market, in whole or in […]

Insurance coverage

Ron Rivera, other cancer patients forced to fight for proton therapy insurance coverage – NBC4 Washington

For many families, cancer is the battle of their lives, but News4’s I-Team has found that some are facing another battle they never expected: having their treatment covered by insurance. Critics say the insurance industry prioritizes money over medicine when it comes to a radiation treatment called proton therapy, which uses a beam of protons […]

Insurance company

New Truck Fleet Insurance Company Uses Telematics Data – Fleet Management

Nirvana says this is revolutionizing the trucking insurance industry. Image: Nirvana website A new company promises to use telematics data to “transform” the world of truck insurance. Nirvana Insurance, a technology-driven platform that modernizes commercial fleet insurance using large amounts of data from sensors on trucks, is a startup led by former […]

Insurance company

Forte Insurance Recognized as Best General Insurance Company for 8th Consecutive Year

Forte, one of the leading insurance companies in Cambodia, has been recognized as “Best General Insurance Company 2022” by the Global Banking & Finance Review, a UK-based international awards body. Forte continued to set industry-leading benchmarks, marking the eighth consecutive year as the nation’s top general insurance company. According to the Global Banking & Finance […]

Auto insurance

Democrats in Maryland House of Delegates advance auto insurance bill with industry amendment

The amendment was provided by the National Council of Insurance Legislators, an industry-friendly organization. It was approved 13-7, with Democrats voting to support the measure and Republicans opposing it. This content was republished with permission from WTOP’s press partners at Maryland Matters. Sign up for Maryland Matters’ free email subscription today. A measure to help […]

Insurance coverage

Insurance Coverage Dispute Resolution

In 2022, the insurance industry has become emboldened to issue abusive denials of insurance coverage for claims and lawsuits, threaten to terminate insurance policies, and sell insurance policies with hidden trapdoors buried in the endorsements. This could create a potentially devastating impact on a company’s bottom line. At Barnes & Thornburg, with many decades of […]

Insurance policies

What to Know About Michigan Flood Insurance Policies

Nearly 10 months after the flood destroyed her basement, Detroit resident Victoria Thomas says she is still dealing with mold and water damage in her home in the Jefferson-Chalmers neighborhood. . “I had just bought a washer and dryer, I had a full kitchen. I had it like an apartment.” said Thomas. “We lost everything.” […]

Insurance company

Emirates Insurance Company partners with Hala Insurance to drive digital transformation

Abu Dhabi, United Arab Emirates – Hala Insurance, the UAE-based insurtech platform built by Addenda Labs LTD and backed by Mubadala, today signed an exclusive strategic agreement with regional industry leader, Emirates Insurance Company (EIC), as part of a major initiative that aims to revolutionize the automobile insurance industry. Through this partnership, EIC will become […]

Insurance policies

Lifenet Insurance: In-force policies exceeded 500,000

March 7, 2022 Ryōsuke Mori, President LIFENET INSURANCE COMPANY (Title Code: 7157, TSE Mothers) Policies in force exceeded 500,000 Fastest growth rate in increments of 100,000 policies since inception TOKYO, March 7, 2022 – LIFENET INSURANCE COMPANY (TSE Mothers 7157, Chairman Ryosuke Mori, URL: https://ir.lifenet-seimei.co.jp/en/)announces that its […]

Auto insurance

Auto Insurance Market to Register Growth of 8.8% CAGR by 2028 Driven by Rising Accidents, Strict Government Regulations and Rising Automobile Sales Globally | million ideas

“Million Insights – World’s Fastest Growing Market Research Database” According to a new report available with Million Insights, Auto Insurance Market report offers the latest data on the current market scenario, trends and future prospects. This study offers many opportunities for market players to invest in research and development in the market. The Global car […]

Auto insurance

State Farm suffers big auto insurance loss, posts record policy growth in 2021

Additionally, the mutual insurer paid out $1.9 billion in dividends to its auto insurance customers in 2020 and another $401 million last year. Big investment gains, fueled by a burning stock market, kept State Farm in the black. It posted net income of $1.3 billion compared to $3.7 billion in 2020. State Farm policies grew […]

Insurance company

Progressive Casualty Insurance Company, Direct Gap, StateFarm, Allstate Insurance Company, American Family Insurance, GEICO, Allianz SE, AXA, Aviva – Handling

Inasmuch asPredicting Growth Scope: Guaranteed Automatic Protection (GAP) Insurance MarketWith so many positive trends shaping the market, there is no doubt that Guaranteed Automatic Protection (GAP) Insurance Market and you, as a market player, will catch up with other industries by providing an efficient customer experience, improving revenue and being more competitive in the market. […]

Insurance company

Progressive Casualty Insurance Company, Direct Gap, Allstate Insurance Company, American Family Insurance, StateFarm, AXA, GEICO, Aviva, Allianz SE – Handling

Inasmuch asPredicting Growth Scope: Guaranteed Automatic Protection (GAP) Insurance MarketWith so many positive trends shaping the market, there is no doubt that Guaranteed Automatic Protection (GAP) Insurance Market and you, as a market player, will catch up with other industries by providing an efficient customer experience, improving revenue and being more competitive in the market. […]

Auto insurance

Online Car Insurance: New Market 2022 Innovations, Research, Key Business Strategies, Current Trend by Top Players

Online car insurance market 2022 This research report offers Covid-19 outbreak study accumulated to offer the latest information about the acute characteristics of the online auto insurance market. This intelligence report includes investigations based on Current scenarios, historical records and future predictions. The report contains different market forecasts related to the market size, revenue, production, […]

Auto insurance

PICC, Progressive Corporation, Ping An, AXA, Sompo Japan, – Handling

This report provides a detailed overview of the commercial auto insurance industry across the globe, particularly focusing on key market segments, ongoing trends, investment opportunities, challenges as well as study segments that have suffered the most impact from covid. The Commercial Automobile Insurance Market report emphasizes the current economic status of the Commercial Automobile Insurance […]

Insurance company

AM Best Confirms Fortegra Europe Insurance Company Limited Credit Ratings – InsuranceNewsNet

AMSTERDAM–(BUSINESS WIRE)–AM Best affirmed the issuer’s financial strength rating of A- (Excellent) and the issuer’s long-term credit rating of “a-” (Excellent) from Fortegra Europe Insurance Company Limited (EIF) (Malta). The outlook for these Credit Ratings (ratings) is stable. The ratings reflect FEI’s balance sheet strength, which AM Best assesses as strong, as well as its […]

Insurance company

AM Best confirms the credit ratings of Fortegra Europe Insurance Company Limited

AMSTERDAM–(BUSINESS WIRE)–AM Best affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Fortegra Europe Insurance Company Limited (FEI) (Malta). The outlook for these Credit Ratings (ratings) is stable. The ratings reflect FEI’s balance sheet strength, which AM Best assesses as strong, as well as its adequate […]

Auto insurance

AI in the auto insurance market is booming globally

According to research experts from Qurate Research, “Global AI in car insurance Market 2022 Insights, Size, Sharing, Growth, Opportunities, Emerging Trends, Forecast to 2028.” The study is an anthology of in-depth studies on many aspects of the global AI in Auto Insurance industry. It is an admirable effort to offer a true and transparent picture […]

Insurance company

AM Best improves credit ratings for Auto Club Insurance Company of Florida; Confirms credit ratings of the Auto Club Insurance Association and its affiliates

OLDWICK, NJ–(BUSINESS WIRE)–AM Best upgraded the financial strength rating (FSR) from A (Excellent) to A- (Excellent) and the issuer’s long-term credit rating (long-term ICR) to “a” (Excellent) from “a- (Excellent) from Auto Club Insurance Company of Florida (ACICF). In addition, AM Best confirmed Auto Club South Insurance Company (ACSIC)’s FSR of A (Excellent) and long-term […]

Insurance company

AM Best Places Merged P&C Insurance Company’s Credit Ratings Under Review With Positive Implications

OLDWICK, NJ–(BUSINESS WIRE)–AM Best placed under review with positive implications the financial strength rating of B++ (good) and the issuer’s long-term credit rating of “bbb” (good) from Amalgamated Casualty Insurance Company (ACIC) (head office at Chevy Chase, MD). The status under review of these credit ratings (ratings) reflects ACIC’s planned demutualization which is expected to […]

Insurance company

Trying to lie to your insurance company? Your car will betray you.

The story began with a 20-year-old man from Manitoba recounting how he fell asleep at the wheel of a new model Chevy Silverado, veered off the road, and crashed into a few parked cars. Fortunately, he told investigators, he had only driven five km/h over the limit in a 50 km/h zone; faster and the […]

Insurance policies

Bills aim to slow flow of insurance policies to state-backed citizens

TALLAHASSEE — Painting a bleak picture of Florida’s property insurance system, senators on Wednesday backed proposals to bolster the private market while slowing the flow of policies to the state-backed Citizens Property Insurance Corp. “The word could be ‘disaster’ is where we are right now,” said Senate Banking and Insurance Chairman Jim Boyd, a Republican […]

Auto insurance

Envision Insurance Agency warns on how to choose the best car insurance company

Envision Insurance Agency is a premier insurance company based in Sterling Heights. In a recent update, the agency highlighted how people choose the best car insurance company. Sterling Heights, Mich. – Envision Insurance Agency highlighted how people should choose the best Sterling Heights car insurance company in an article on the website. Good customer service […]

Auto insurance

AI in Innovative Auto Insurance Market Strategy by 2028 | Ant Financial Services Group Co.,Ltd., The Progressive Corporation, CCC Information Services Inc

North America, July 2021,– – The AI ​​in Auto Insurance market research report includes an in-depth study of the major Global AI in Auto Insurance Market leading players as well as the company profiles and planning adopted by them. This helps the AI ​​in Automobile Insurance report buyer to get a clear view of the […]

Auto insurance

Litigation raises U.S. commercial auto insurance costs, report says

According to a new report from the Insurance Information Institute (Triple-I), social inflation increased more than $20 billion between 2010 and 2019 in commercial auto insurance claims in the United States alone. The report, which was in partnership with the Casualty Actuarial Society (CAS), showed that social inflation and the development of losses confirm and […]

Auto insurance

A-MAX Auto Insurance expands into California and acquires Sameday Insurance

DALLAS, February 16, 2022 /PRNewswire/ — A-MAX Auto Insurance, an industry leader specializing in low-cost insurance options for residents and businesses, today announced the expansion of its service to California. A-MAX Auto Insurance has acquired Sameday Insurance to expand its service offerings to California. A-MAX will expand its footprint outside of Texas Founded in 2006 […]

Insurance policies

What do major US business interruption insurance policies cover?

This is particularly concerning given that of all small businesses that have been forced to close due to disaster, 40% have not reopened, a quarter have closed permanently within a year and more than 90% ceased operations during the next. two years — according to a 2020 Federal Emergency Management Agency (FEMA) study found. Read […]

Insurance coverage

Insurance coverage in the wake of a fragmented supply chain

The names of companies and law firms listed above are auto-generated based on the text of the article. We are improving this feature as we continue to test and develop in beta. We appreciate feedback, which you can provide using the feedback tab on the right side of the page. February 11, 2022 – For […]

Insurance company

Pennsylvania Lumbermens Mutual Insurance Company Launches Insurity’s Cloud-Based Sure Underwriting to Accelerate and Strengthen Underwriting Through Automation

HARTFORD, Conn.–(BUSINESS WIRE)–Insurity, a leading provider of cloud-based software for the P&C insurance industry, today announced that Pennsylvania Lumbermens Mutual (PLM) Insurance Company has implemented Sure Underwriting software from Insurity to strengthen its underwriting processes. Sure Underwriting software allows PLM to automate its recommendation engine to speed up underwriting decisions, reducing the time required by […]

Insurance policies

8.6 million out of 12 million vehicles have fake insurance policies – Survey

As many as 8.6 million out of an estimated 12 million vehicles plying Nigeria’s roads are uninsured or have fake insurance certificates, LEADERSHIP has learned. This means that only about 3.4 million vehicles registered in the country are truly insured. The 3.4 million vehicles were all registered on the Nigerian Insurance Industry Database (NIID) by […]

Auto insurance

Litigation drives up U.S. commercial auto insurance costs, study finds

The Triple-I/CAS article, Social inflation and evolution of losses confirms and quantifies one of the major factors driving up the cost of commercial auto insurance. A separate paper by the Insurance Research Council (IRC) illustrated how losses in several lines of insurance have accelerated in recent years much faster than economic inflation alone can explain. […]

Insurance policies

International Arbitration Clauses in Insurance Policies

WHAT YOU NEED TO KNOW IN A MINUTE OR LESS The New York Convention generally requires US courts to enforce written arbitration agreements covering international disputes, including arbitration clauses in contracts with foreign entities.1 More than a dozen US states, however, have enacted laws prohibiting mandatory arbitration clauses in insurance policies.2 So, is an international […]

Auto insurance

Commercial Motor Insurance Market 2022 Growing Demand, Top Trends with Major Key Players – PingAn, Berkshire Hathaway Homestate, PICC, State Farm, Liberty Mutual, Munich Re, etc.

“ The report’s in-depth research offers insights into the global Commercial Motor Insurance market’s development potential, upcoming trends, and statistics. It also shows the variables influencing the overall market size forecast. According to the report, it provides the current technology trends of the global commercial auto insurance market and industry insights to help decision makers […]

Insurance policies

Litigation minute: International arbitration clauses in insurance policies: are they valid in States with anti-arbitration insurance statutes? | K&L Gates LLP

[co-author: Peter M. Ayers] WHAT YOU NEED TO KNOW IN A MINUTE OR LESS The New York Convention generally requires US courts to enforce written arbitration agreements covering international disputes, including arbitration clauses in contracts with foreign entities.1 More than a dozen US states, however, have enacted laws prohibiting mandatory arbitration clauses in insurance policies.2 […]

Insurance policies

Insurance policies for international arbitration

Thursday, February 3, 2022 WHAT YOU NEED TO KNOW IN A MINUTE OR LESS The New York Convention generally requires US courts to enforce written arbitration agreements covering international disputes, including arbitration clauses in contracts with foreign entities.1 More than a dozen US states, however, have enacted laws prohibiting mandatory arbitration clauses in insurance policies.2 […]

Auto insurance

Why don’t Ontario auto insurance customers have more choice?

Ontario auto insurance consumers would like the option to purchase a scaled-down auto insurance policy tailored to their individual needs and budget, a speaker said at an industry event last week by the Financial Services Regulatory Authority of Ontario (FSRA). “Insurers are currently not permitted to provide choice and optionality with respect to the auto […]

Auto insurance

Ant Financial Services Group Co.Ltd., The Progressive Corporation, CCC Information Services Inc., Clearcover Inc., Microsoft Corporation, Claim Genius Inc., Nauto Inc., GEICO, Liberty Mutual, ICICI Lombard General Insurance Company Limited – Bristol City Supporters Confidence

This AI in Auto Insurance Market study provides a comprehensive market analysis of the industry in major economies around the world. The market report has compiled first-hand information assessing the qualitative and quantitative facts of the AI ​​in Auto Insurance industry. The facts and figures presented in the report are supported by industry analysts, industry […]

Auto insurance

Letter: Let’s see the auto insurance industry deliver its own transparency

For the editor: In response to the recent opinion piece by Erin McDonough of the Insurance Alliance of Michigan, we applaud the fact that 2019 changes to the no-fault law allow drivers to pay less for auto insurance in Michigan. But it’s the height of irony that the insurance industry applauds accountability and transparency for […]

Auto insurance

The auto insurance industry is not immune to the effects of the chip shortage

The automotive industry has been hit hard by the current shortage of semiconductor chips. Modern vehicles rely heavily on chips to drive their complex operating, navigation and entertainment systems. But the impact of the crisis extends beyond car manufacturing – it also affects the world of car insurance. Several factors can be attributed to the […]

Insurance coverage

Startup Insurance Coverage for Cloud Sells Breakdowns

With more businesses and consumers reliant on cloud computing, even a temporary service disruption can have far-reaching effects, with the potential to shut down services, wreak havoc on e-commerce operations and business reputations. damage. One company, New York-based Parametrix Insurance Services LLC, is targeting businesses affected by a cloud outage. Parametrix sells insurance specifically to […]

Insurance company

Arizona Auto Insurance Company’s AM Best Places Credit Scores Under Review With Negative Implications

OLDWICK, NJ–(BUSINESS WIRE)–AM Best placed under review with negative implications the financial strength rating (FSR) of A+ (Superior) and the issuer’s long-term credit rating (Long-term ICR) of “aa-” (Superior) of Arizona Automobile Insurance Company (AAIC) (Phoenix, AZ). These credit ratings (ratings) have been subject to review following a definitive agreement signed pursuant to which Trexis […]

Insurance company

AM Best confirms credit ratings for insurance company First Guard

OLDWICK, NJ–(BUSINESS WIRE)–AM Best Affirmed Financial Strength Rating of A (Excellent) and Issuer Long-Term Credit Rating of “a+” (Excellent) from First Guard Insurance Company (First Guard) (Scottsdale, AZ). The outlook for these Credit Ratings (ratings) is stable. First Guard is a subsidiary of Biglari Holdings Inc. [NYSE: BH]. The ratings reflect First Guard’s balance sheet […]

Insurance company

Motorists’ mutual insurance review

Motorists Mutual Insurance Company has a long history in the insurance industry, beginning in 1928 as a provider of automobile insurance. It emerged when the mass adoption of cars was new and the automotive industry was growing at an incredible rate. This environment created the need for affordable and reliable automobile insurance, which motivated the […]

Insurance company

AM Best Raises Atlantic Casualty Insurance Company’s Financial Strength Rating to A+ Superior

OLDWICK – 05 JANUARY 2022 – AM Best raised the financial strength rating (FSR) from A+ (Superior) to A (Excellent) and the issuer’s long-term credit rating (Long-term ICR) to “aa-” (Superior) from “a+” (Excellent) to Atlantic Casualty Insurance Company (Goldsboro, NC). The outlook for these credit ratings (ratings) has been revised from positive to stable. […]

Insurance company

Core Specialty completes merger with Lancer Insurance Company

CINCINNATI, Ohio and LONG BEACH, NY, December 31, 2021 /PRNewswire/ — Core Specialty Insurance Holdings, Inc. and its subsidiaries (“Core Specialty” or the “Company”) and Lancer Insurance Company (“Lancer”), both specialty property and casualty insurers (“P&C”), announced today the completion of the merger bringing together the companies through a transaction in shares and in cash, […]

Insurance company

2022 Chicago Premier Insurance Company Review

For over 100 years, First Chicago Insurance Company has provided auto insurance policies to drivers in the central United States. Founded in 1920 as Chicago Ice Producers Mutual Liability Company, the company transitioned from mutual governance to a stock corporation in 2006 and became a subsidiary of J&P Holdings, Inc. With a long history in […]