Marsh, a subsidiary of Marsh and McLennan Companies, issued the following news release on March 25, 2024:. Marsh, the world's leading insurance broker and risk advisor and a business of Marsh McLennan, today announced the creation of Edgware Re Ltd., a group captive insurance company for organizations seeking more control and stability in their cyber insurance…
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–The Guardian Life Insurance Company of America ® has launched Guardian MarketPerform, a new Registered Index-Linked Annuity designed to help individuals build their retirement assets with a level of protection. Guardian MarketPerform is a long-term, tax-deferred retirement product with three unique features that allows those planning for…
–A quarter of all electrically powered items included in claims that adjusters assigned to insurance services company StrikeCheck were non-damaged at the time of assessment and brought a risk of unnecessary indemnity leakage to insurance carriers nationwide. This is among the claims data and trends revealed in the newly released StrikeCheck 2023 Annual…
Assurant, Inc., a leading global business services company that supports, protects and connects major consumer purchases, has been named to the Fortune list of America's Most Innovative Companies 2024. This prestigious award is presented by Fortune and Statista Inc., the world-leading statistics portal and industry ranking provider.
The American Property Casualty Insurance Association issued the following statement on March 26, 2024:. The following statement from the American Property Casualty Insurance Association is in response to the California Department of Insurance Complete Rate Application regulations hearing held on March 26, 2024. "State Farm's recent announcement to…
MINNEAPOLIS, Minnesota, March 27– Allianz Life Insurance Co. of North America, a provider of retirement solutions, including fixed and variable annuities and life insurance for individuals, issued the following news release:. *69% have not been able to contribute to their savings as much due to ongoing inflation. Ongoing inflation has set back Americans' ability…
The American Property Casualty Insurance Association issued the following statement on March 26, 2024:. The following statement from the American Property Casualty Insurance Association is in response to today's announcement from the Habitat for Humanity of Butte County that it will build all future affordable homes in the community to the Wildfire…
–Oxbridge Re Holdings Limited,, and its subsidiaries which are engaged in the business of tokenized Real-World Assets, initially in the form of Tokenized Reinsurance Securities, and reinsurance business solutions to property and casualty insurers, announced the launch of its offering of this year’ s Participation Shares represented by digital tokens to be…
Today, mobility data and analytics company Arity, unveils new features and enhancements to its suite of Marketing Solutions, creating the premier solution for marketers to uniquely maximize customer lifetime value and profitability. Auto Insurance marketers can gain understanding up front of how consumers drive and use that information to run ad…
–Cheche Group Inc., China's leading auto insurance technology platform, today announced that Lei Zhang, Founder and co-CEO of Cheche Group, delivered a speech at the recent China EV100 Forum encapsulating the state of the industry and sharing his expectations for the future. The Forum attracted industry leaders, experts, and scholars, such as Wang Chuanfu,…
Mar. 26— An insurance producer for the Baton Rouge Police Union has been arrested for theft and fraudulent activity involving thousands of dollars due to the union, Louisiana State Police said in a news release Tuesday night. State Police began an investigation in November 2022 about allegations of theft and insurance fraud by Albert Frederick Peterson, 66, of…
–illumifin, the leading insurance administration and claims solution provider for long term care insurance, has just released its 2023 Cost of Care study and comprehensive analysis. illumifin's study found that the average hourly rate for a home health aide in 2023 was $30.62, an increase of 5.2 percent over the prior year. Meanwhile, the average per-visit rate…
–Chubb Personal Risk Services announced today the launch of a new self-service Flood Insurance System for agents that will seamlessly support its personal lines business for primary and excess flood and will provide quotes for low-hazard properties in under two minutes. This new platform will integrate with the Chubb Agent Portal and Masterpiece EZ Quote…
MIAMI GARDENS, Fla.& SAN MATEO, Calif.—- United Automobile Insurance Company, one of the largest privately-held, family-owned property and casualty insurance companies in the United States, and Guidewire announced that UAIC successfully migrated Guidewire ClaimCenter from an on-premise environment to Guidewire Cloud to power and simplify its claims and…
AM Best has placed under review with developing implications the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of“ bbb-” of Pillar Life Insurance Company. The Credit Ratings of Pillar have been placed under review with developing implications following a change in its strategic vision. The new controlling owner is evaluating a…
United States Attorney Mac Schneider announced that on March 26, 2024, U.S. District Court Judge Daniel L. Hovland sentenced Kent Pfaff, age 60, from Washburn, North Dakota, to pay $379,317.00 in restitution to the United States Department of Agriculture and to serve a three-year period of supervised release on a charge of False Statement to Influence the…
–Increased parts and labor costs, inaccurately reported perils, and extreme weather events all played a role in putting property and casualty insurance carriers more at risk for indemnity leakage from HVAC and refrigeration claims last year. The newly released HVACi 2023 Annual Claims Report outlines just how much those increases were.
This story was supported by a statehouse coverage grant from the Corporation for Public Broadcasting. From Philly and the Pa. suburbs to South Jersey and Delaware, what would you like WHYY News to cover? Delaware state employees and retirees will see several changes to health insurance plans starting this July.
In response to last week's column, a regular reader of my column emailed me to note that President Obama made statements that were not true with respect to the proposed Affordable Care Act, among them statements that suggested that if folks liked their current health insurance, they could keep it. It was not clear whether President Obama was ignorant about what…
