Insurance industry
Many insurance underwriters won’t offer Middle East coverage to U.S., Israel, U.K.-linked vessels at any price
The conflict in the Middle East has led many insurance underwriters in the maritime shipping market to avoid offering coverage in the region to any U.S., Israel, or U.K.-linked vessels. “Many underwriters are not touching vessels with perceived U.S., U.K. or Israeli links at any price,” said David Osler, insurance editor for Lloyd’s List. According […]
Read More
How UnitedHealthcare became the face of America’s health insurance frustrations
Flags fly at half staff outside the United Healthcare corporate headquarters in Minnetonka, Minnesota, Dec. 4, 2024. Stephen Maturen | Getty Images News | Getty Images It took six months, countless hours on hold and intervention from state regulators before Sue Cover says she finally resolved an over $1,000 billing dispute with UnitedHealthcare in 2023. […]
Read More
How one of Japan’s largest insurers is pivoting to serve an aging population
Sompo Holdings, a leading global insurance provider, is undergoing a significant transformation under. CNBC’s Christine Tan sat down with Group CEO Mikio Okumura in this episode of “Managing Asia.” Sompo Holdings, a leading global insurance provider, is undergoing a significant transformation under Group CEO Mikio Okumura. The company, with operations in 28 countries, has restructured […]
Read More
Fewer Americans are buying life insurance. Here’s when you might need it
Key Points Fewer U.S. households have bought life insurance in recent decades. Life insurance policies pay a death benefit, generally tax-free, to beneficiaries when a policyholder dies. Getting married, having kids and buying a home are common triggers for a purchase. Term life insurance policies rather than permanent policies (like whole or universal life) tend […]
Read More
Warren Buffett is worried about potential for ‘huge losses’ in booming, but still tiny insurance market
One of the messages that Warren Buffett and Berkshire Hathaway’s top insurance executive, Ajit Jain, sent to investors during the company’s annual shareholder meeting in Omaha last month was that cyber insurance, while currently profitable, still has too many unknowns and risks for Berkshire, a huge player in the insurance market, to be fully comfortable […]
Read More
Weight loss drug Wegovy is now approved for heart health — but that won't mean broad insurance coverage just yet
Victoria Klesty | Reuters In the U.S., Wegovy is no longer just for weight loss. The blockbuster drug — one of a handful of weight loss treatments to skyrocket in popularity over the last year — is now approved in the U.S. for heart health, too. But that may not translate to wider insurance coverage of […]
Read More
Weight loss drug Wegovy is now approved for heart health — but that won't mean broad insurance coverage just yet
Victoria Klesty | Reuters In the U.S., Wegovy is no longer just for weight loss. The blockbuster drug — one of a handful of weight loss treatments to skyrocket in popularity over the last year — is now approved in the U.S. for heart health, too. But that may not translate to wider insurance coverage of […]
Read More
Allstate, Allianz invest $265 million in Up coming Coverage in a large guess on insuretech
A pedestrian walks by an Allstate Insurance coverage place of work on June 09, 2023 in San Francisco, California. Justin Sullivan | Getty Images Information | Getty Pictures Allstate and Allianz are creating a sizable wager on the electronic transformation of the commercial insurance policies current market with a $265 million strategic financial commitment in […]
Read More
Insurers are in search of a way to make income from your weather adjust vacation anxiety
Vacationers wait around in the airport through wildfire evacuations on the Greek island of Rhodes on July 23, 2023. Will Vassilopoulos | Afp | Getty Photographs Insurance coverage styles are getting upended by extraordinary weather conditions. Irrespective of whether it can be wildfires or tropical storms, disasters joined to local climate modify are becoming extra […]
Read More
These bonds offer you higher yields for using on hurricane and other disaster risks
The soaring prices of extraordinary climate are supplying an prospect for buyers to seize yields north of 13%. Hurricane Lee is just the newest in what is anticipated to be an above-usual hurricane time this calendar year. Now this 12 months, the United States has experienced 23 verified weather and local climate catastrophe gatherings with […]
Read More