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Zurich Insurance boss commits suicide, less than three years after CFO took his own life

Financial Post - ‎10 hours ago‎
ZURICH - Former Zurich Insurance boss Martin Senn has committed suicide six months after leaving the company under a cloud, a tragedy that comes less than three years after Zurich's finance chief took his own life.
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Foreign Business Groups to Complain About Proposed Chinese Insurance Rules

Wall Street Journal - ‎14 hours ago‎
BEIJING—Another sector added its voice to complaints about China's tightening cybersecurity rules. More than two dozen American and international business groups have signed a draft letter of protest against proposed Chinese regulations for the ...
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Anbang Withdraws Application for NY Approval of Insurance Deal

Wall Street Journal - ‎14 hours ago‎
Beijing-based Anbang Insurance Group Co.'s $1.57 billion pending acquisition of Fidelity & Guaranty Life has run up against regulators' demands for detailed financial information about Anbang's ownership structure, causing a glitch in the approval ...

Changes to Ontario auto insurance coming June 1 - ‎12 hours ago‎
In an effort to comply with a provincial promise to make auto insurance premiums more affordable, auto insurance coverage will change on June 1, but along with lower-cost premiums will be cuts in coverage, warn industry experts.

It's key to weigh options when picking a long-term care insurance plan

CNBC - ‎13 hours ago‎
It's important to understand all your options when it comes to buying long-term care insurance. With so many alternative plans being offered today, a traditional plan may not be your best choice.

Sewer insurance claims against Windsor hit 5-year low - ‎16 hours ago‎
As summer thunderstorm season approaches Windsor, officials say fewer residents need to worry about flooding and sewer backups. Insurance claim figures from the City of Windsor show fewer Windsor residents are making claims against the city for ...
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THE INSURANCE AND THE IoT REPORT: Examining how insurance companies are leveraging IoT solutions

Business Insider - ‎13 hours ago‎
Insurance companies have been leveraging IoT devices to get better insight into their insured clients and differentiate their product offering.

AIA, Prudential, others weigh bids for Thai SCB's insurance unit stake - sources

Reuters - ‎19 hours ago‎
Southeast Asia is a battleground for foreign insurers, who are attracted by the region's lower insurance penetration levels and faster growth rates of life insurance premiums compared to levels in the developed world. And bank distribution deals ...

Renovating is a good time to update your home insurance policy

Toronto Star - ‎16 hours ago‎
OTTAWA—Homeowners need to regularly check and update their home insurance policies or risk having insufficient coverage when disaster strikes, insurance experts say. The need to review and update a policy is especially important for those who have ...
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Prosecutors fight to stop San Bernardino shooter's family from getting $250000 insurance payment

Los Angeles Times - ‎3 hours ago‎
The federal government is suing to stop the family of San Bernardino shooter Syed Rizwan Farook from collecting more than $250,000 in life insurance payments from his death. In a complaint seeking the seizure of the money Tuesday, the government ...
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The best insurance policy on Earth: waiting until 70 to take Social Security

PBS NewsHour - ‎7 hours ago‎
Instead, think of Social Security as an insurance policy. By waiting to collect benefits until age 70, you are in effect buying extra insurance - insurance against what is perhaps the greatest danger of retirement: outliving your savings. Yes, you are ...
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Federal Reserve Plans June 3 Meeting on Insurance Carrier Capital Rules

Insurance Journal - ‎11 hours ago‎
The U.S. Federal Reserve will hold an open meeting this coming Friday on proposals, in the works for more than five years, for capital requirements and other rules for insurance companies. The central bank's announcement last Friday came a week after ...

UnitedHealthcare to pull out of Illinois insurance exchange

Chicago Tribune - ‎7 hours ago‎
On Tuesday, UnitedHealthcare disclosed on a website dedicated to insurance brokers that it plans to offer on-exchange plans in only three states - Nevada, New York and Virginia.

Cabinet approves employee insurance corporation in Maharashtra

The Indian Express - ‎5 hours ago‎
The scheme, which was introduced in Maharashtra in 1954, benefits about 24 lakh labourers registered under it from across 18 districts.

Insurance fraudsters driving up premium costs in Australia, expert warns

ABC Online - ‎21 hours ago‎
In Sydney alone, compulsory third party insurance claims rose by around 39 per cent, despite a drop in road casualties. Some of those are suspected as fraud, causing an increase of cost for premiums through what is known as insurance shock - when ...

Credit Scores Can Impact Auto Insurance Renewals

NerdWallet (blog) - ‎11 hours ago‎
Trying to figure out how auto insurance companies set your rate can be a real head-scratcher. You're unlikely to crack the formula, but you can be sure that your credit history is part of the equation, unless you live in one of the few states where ...
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Global P&C insurance market forecast to grow at a compound annual growth rate of 5.77% from 2016 to 2020

Canadian Underwriter - ‎13 hours ago‎
The global property and casualty insurance market is forecast to grow at a compound annual growth rate (CAGR) of 5.77% during the period of 2016 to 2020, according to a new report from Research and Markets.

US-EU Continue Talks on Insurance Regulation Covered Agreement

Insurance Journal - ‎14 hours ago‎
U.S. insurance groups want assurances that the EU under its Solvency II regulations will treat U.S. insurers fairly and that there will be U.S.
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Insurance Companies Made Millions on Hurricane Sandy

Triple Pundit (registration) (blog) - ‎17 hours ago‎
Meanwhile, insurance companies made an alleged profit of approximately $325 million annually from 2011 to 2014 from claims filed after Sandy, thanks to a federal government-run program that promised to compensate policy holders up to $350,000 ...
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Editorial: A mixed insurance picture as hurricane season arrives - ‎6 hours ago‎
The state is in better shape to endure a major hurricane since the last one hit in 2005, with stronger building codes, a healthy state catastrophe fund and a smaller state-run Citizens Property Insurance Corp. But there is much work to be done on flood ...