Citizens Property Insurance has 1 million policies in Florida
A few weeks ago, more than half of the private homeowners insurance providers in FL were slated to be downgraded by the financial analysis firm that rates them.
TAMPA, Fla. — We told you a few weeks ago about...
Captive insurance industry news | Cybersecurity revenue in insurance sector to grow 10% annualised to 2025, says GlobalData
Cybersecurity revenue in insurance sector to grow 10% annualised to 2025, says GlobalData
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Hub acquisition targets credit insurance, risk management
Hub International has strengthened its credit score insurance and danger administration capabilities by buying Ottawa-based Jaimac Risk Management Inc.
Chicago-based world brokerage Hub introduced the acquisition Friday. Jaimac is an impartial insurance brokerage specializing in danger administration and credit score insurance for firms with distinctive risk-mitigation wants.
Jaimac president Paul Turner and the Jaimac staff will be a part of...
1 in 11 R.I. residents drop flood insurance after FEMA rate hikes
PROVIDENCE – About 1 in 11 Rhode Island residents have dropped their flood insurance since December as a result of Federal Emergency Management Agency’s new system that some say impacts the state’s poorer residents, based on a report Thursday from WPRI-TV CBS...
Majority of firms lack cyber insurance
Businesses are slowly dropping the capability to insure themselves in opposition to a attainable cyber assault, however the quantities demanded by criminals hold rising.
That is in response to a brand new evaluation from Blackberry and Cyber MGA Corvus, which warns of a widening 'cyber insurance hole' in North America.
Based on a survey of 450 IT leaders at firms...
‘Long-term care insurance fund to dry out in four years’
Long-term care insurance reserves will dry out in 2026 and create a deficit of 76.7 trillion received ($58.9 billion) in 2070, a lawmaker stated Friday, calling for the federal government to increase its monetary assist.
Rep. Lee Jong-sung of the ruling People Power Party made a declare primarily based on the long-term evaluation by the National Assembly Budget Office...
NZ’s newest $1 billion company: Partners Life to be sold to Japanese insurer
New Zealand life insurer Partners Life is being sold to Tokyo-listed global insurer Dai-ichi Life in a $1 billion deal just 12 years after the company was founded. Managing director Naomi Ballantyne started Partners Life in 2010. It had grown to insuring more than 225,000 lives with $427.9 million in premiums as at March 31. “I’m so excited,...
General insurance sector logs 21% premium growth in July: IRDAI
The Indian non-life insurance trade closed final month with 20.82 per cent premium development as in comparison with the earlier yr's corresponding interval. According to the Insurance Regulatory and Development Authority of India (IRDAI) the non-life insurance sector had earned a premium of Rs 23,392.46 crore in July 2022 up from Rs 20,157.23 crore.
The development would have been...
Nearly 10% drop flood insurance coverage in RI after rate hikes
PROVIDENCE, R.I. (WPRI) — Nearly one in 10 Rhode Islanders with flood insurance have dropped their coverage since December, Target 12 has learned.
The number of policies statewide decreased from 11,104 on Dec. 31 to 10,133 on July 31, which is a decrease of almost 10%, according to data from the Rhode Island Emergency Management Agency.
The drop in policies...
