insurance

January 26, 20243 min readThe Hartford Financial Services Group is the latest insurer to say it won’t offer new policies to homeowners in CaliforniaBy Avery Ellfeldt & E&E NewsA home burns during the Dixie fire on July 24, 2021, in the Indian Falls neighborhood of unincorporated Plumas County, California. CLIMATEWIRE | Another major insurer is capping how many households it’s willing to insure in wildfire-ridden California, applying more pressure to a market where consumers already struggle to access coverage.The…

Credit: Sveta K from Pexels Since the creation of the National Flood Insurance Program (NFIP) in 1968, the U.S. government has paid over $51 billion to cover flood losses. Almost half of these payouts went to just 25 counties, among the fastest-growing counties by population. A new paper published in the Journal of the Association of Environmental and…

New generation insurtech startups Bengaluru-based Onsurity and Pune-based Loop Health have applied for licences to offer health insurance, three people in the know told ET.This follows the Insurance Regulatory and Development Authority of India (Irdai) opening the heavily regulated sector to new participants. The sector regulator has sought tech-first firms to play a key role in helping the country achieve the goal of insuring every citizen by 2047.Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

A stealth inflationary cost is biting into corporate profits. While some companies are now seeing lower input and freight costs, one expense is not falling: insurance.In its earnings report Friday morning, Dow component Travelers said insurance premiums that it charges are still soaring. Premiums on business policies jumped 14% in the last quarter. Consumers are feeling the pinch, too. Homeowner renewal premiums spiked 21%, while those for auto policies jumped 17%. Those higher prices aren't deterring demand, though. The…

Insurance companies like HDFC Ergo General Insurance and Bajaj Allianz General Insurance are negotiating with cybercriminals as cyber attacks increase. HDFC Ergo has observed a 25 to 30 per cent increase in new corporate cyber policy enrolments…

By Robin Hartill | NerdWallet Most people buy life insurance to provide financial protections for their loved ones when they die. But some policies offer benefits while you’re still alive. If you purchase life insurance with living benefits, you may be able to access part of your death benefit if you become ill or use its cash value to supplement your income. What are life insurance living benefits? Life insurance living benefits are policy features that provide financial protection while you’re still living. There are…

Nigerian stocks are getting off to a great start, having returned about 11.1 per cent in just weeks in continuation of the momentum that helped them yield about 46 per cent last year. Negative real yields on Nigerian bonds and treasury bills have made it impossible for them to beat the country’s sticky inflation. That is forcing pension funds and institutional investors to divest investment in fixed-income securities and plough the proceeds into stocks, which are currently experiencing a big boom, helping to…

Audiences’ love for Margot Robbie’s turn as Mattel's most iconic doll can be traced back to the first Barbie trailer. Many were quickly convinced that she could pull off the iconic doll’s signature high-arching feet. Of course, she delivered, and those famous dogs served as a plot device in the billion-dollar blockbuster. Now, Robbie might be cashing in on the Internet's obsession with her feet. Rumors are swirling around the Oscar-nominated actress, and it's been alleged that she's taken out insurance on her most famous…

Online travel booking platform EaseMyTrip.com on Wednesday announced venturing into the insurance sector with the launch of its subsidiary EaseMyTrip Insurance Broker Pvt Ltd. The company termed it a "strategic move" to diversify its service portfolio and tap into the insurance market by creating a specialised product to solve customer needs. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and InnovationVisitIndian School of BusinessISB Digital…

Colorado workers who need to take time off from work to care for a new baby or family member — or to deal with their own serious health condition — can now receive pay for that time away from their job. But there are limitations on both the length of paid time available and how much is paid under the state’s Family and Medical Leave Insurance program, known as FAMLI. Colorado voters created the program in 2020 when Proposition 118 passed with nearly 58% support. Employers and employees began paying into the program last…