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Augment Risk targets European MGA sector with Heimann hire :: Insurance Day Read More »
The Louisiana Department of Insurance (LDI) is holding an Insurance Pop-Up Office from 8:30 a.m. – 4 p.m. on Tuesday, Dec. 2, and Wednesday, Dec. 3., for residents of Lake Charles and the surrounding area. The event is at the Lake Charles City Hall, 1st Floor, Pioneer Hall (Bilbo Room), 326 Pujo St., Lake Charles.
Louisiana Department of Insurance Holds Pop-Up Office in Lake Charles Read More »
The cost of shipping commodities through the Black Sea climbed on Monday after Ukrainian naval drones hit two tankers heading to a Russian port, with fears of further attacks driving up war risk insurance costs, industry sources said. The Black Sea is crucial for the shipment of grain, oil and oil products. Its waters are
Black Sea Shipping Insurance Rates Rise After Ukraine Attacks on Tankers, Sources Say Read More »
Key Takeaways Federal law requires health plans to cover adult children on a parent’s plan until they turn 26. Seven states, including Florida and New York, let some nondisabled young adults stay on a parent’s health plan until as late as age 31. Seventeen states let disabled adult children remain insured indefinitely if they meet specific
These States Let You Stay on Your Parents’ Health Insurance Until Age 30+ Read More »
Reciprocal insurance exchanges have been increasingly popular in recent years, with third-party investor interest in the fee-for-service businesses that manage RIEs and waning property insurance capacity in catastrophe-prone regions supporting the resurgence. Third-party investors “are not exposed to the insurers’ underwriting and investment performance but rather derive steady fee income from operating the attorney-in-fact” of
Why Reciprocal Insurance Exchanges Are Back in Fashion Read More »
Rising insurance costs are contributing to “hidden costs” that are putting more pressure on household incomes, a new study shows. A new study from Zillow and Thumbtack finds hidden costs of homeownership add up to $15,979. These costs include insurance, maintenance, and property taxes. Insurance premiums have surged 48% in the past five years, but
Insurance, Other Factors Lead to ‘Hidden Costs’ of Home Ownership Read More »
A new wave of insurance coverage litigation has taken shape in U.S. federal courts, with lawsuit activity in insurance disputes since 2022 diverging sharply from the patterns of both the pandemic years and the decade preceding them. Recent analysis from Lex Machina, the LexisNexis Legal Analytics platform, reveals a surge in homeowners’ policy claims unrelated
Coverage Lawsuit Trends Signal a New Era of Insurance Litigation Read More »
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Shares of China Taiping Insurance Holdings fell as much as 8% on Thursday [Nov. 27] on concerns about its coverage exposure of more than $200 million to a Hong Kong apartment complex where a huge fire killed at least 55 people, with nearly 300 missing. The tightly packed Wang Fuk Court in the Asian financial
Taiping Insurance Shares Hit by Over $200 Million Exposure to Hong Kong Fire Read More »
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Mapfre Re adds to retro protection with €125m catastrophe bond :: Insurance Day Read More »