Motor claims inflation has become a significant issue within the motor insurance industry, driven primarily by supply chain delays for spare parts over the past four years. Compounding these delays are rising labor costs, vehicle storage expenses, and the increased complexity associated with
The latest data on auto theft claims in Canada reveals a complex landscape of regional trends and the broader impacts on society. According to the Insurance Bureau of Canada (IBC), auto theft insurance claims have seen a noteworthy decline by 19% in the first half of 2024 compared to the same
In a standout move catering specifically to renters with pets, AM Specialty Insurance Company (ASIC) and Swain & Baldwin Insurance & Risk Management have introduced the PawPro Pet Insurance Program. Initially available exclusively in Texas, this new insurance product promises a
The insurance sector in the United Kingdom and Ireland has demonstrated remarkable financial growth over the past year, as detailed in Lane Clark & Peacock's (LCP) eighth annual Solvency II review. This comprehensive study scrutinizes data from 100 of the largest non-life insurers in the
In the world of professional football, the strategic maneuvers off the field are as vital as the plays on the field. NFL teams invest in risk management through complex insurance policies and contract structures designed to ensure long-term viability and success. This article delves into how these
Sompo is making a strategic leap with the introduction of a new national marine insurance proposition tailored for the United Kingdom. This initiative marks Sompo's significant expansion beyond its conventional London market operations, serving Marine Cargo and Transport & Logistics
The recently released report by the Insurance Brokers Code Compliance Committee (IBCCC) has shed light on critical deficiencies in the disclosure and communication practices among insurance brokers, highlighting a pressing need for improvements in these areas. The report identified a worrying
In the rapidly evolving insurance industry, innovation in risk assessment and management stands as a pivotal theme. The integration of cutting-edge technologies and methodologies, particularly through the work of industry experts like Paraskumar Patel, is transforming how insurers evaluate and
Special Training Helps Brokers Support Farmers' Mental Health Needs The Alarming Reality in Agriculture The mental health of farmers and agricultural workers has become a pressing concern, as highlighted by recent studies. Recognizing this critical issue, H&H Insurance Brokers (HHIB) has
In a significant legal confrontation, the Teachers Insurance and Annuity Association of America (TIAA) and its subsidiary, TIAA-CREF Life Insurance Company, are currently embroiled in a class action lawsuit. Plaintiff Sara Spohnheimer has filed the case in the U.S. District Court for the Southern
