The recent election of Prime Minister Keir Starmer's new Labour government has generated a positive response from key stakeholders in the UK insurance industry, including Lloyd's, the Association of British Insurers (ABI), and Previsico. These leaders see the new government's agenda as a promising
In the pursuit of reducing insurance costs for consumers, Deputy Pearse Doherty has been steadfast in urging the Irish Government to commit to his proposed legislation, first introduced in 2021. The legislation aims to ensure that any savings realized by insurance companies are passed on to
Minnesota is spearheading a proactive initiative to bolster storm preparedness by providing roof repair grants to homeowners. This effort comes in response to the increasing severity of weather events driven by climate change, particularly strong winds and hail. The state aims to follow the example
In a significant milestone for Dellwood Specialty Insurance Company, the industry rating agency AM Best has awarded the firm an A- (Excellent) financial strength rating. This rating acknowledges Dellwood’s robust balance sheet, a solid business plan, sound enterprise risk management, and strong
Navigating the financial landscape in 2024 poses unique challenges and opportunities for U.S. insurers. As they move into the second half of the year, the investment environment is shaped by persistent high interest rates, prudent asset management, and cautious navigation of an uncertain economy.
The financial technology sector welcomes a groundbreaking collaboration between Luma Financial Technologies ("Luma") and Gradient Insurance Brokerage, LLC ("Gradient") aimed at revolutionizing annuity management for financial services professionals (FSPs). This union leverages Luma’s advanced
The Pennsylvania Insurance Department (PID) has enacted a new directive reinforcing the need for thorough and comprehensive assessments in home insurance policy decisions, particularly concerning the use of aerial imagery for evaluating roof conditions. This move aims to address and mitigate
New Jersey has recently enacted a significant law mandating increased minimum liability insurance for motor carriers, marking a major shift in the state's regulatory environment for the trucking industry. Effective July 1, commercial motor vehicles weighing 26,001 pounds or more are now required to
April's unseasonable freeze left a bitter taste for New York's grape producers as they braced for stunted harvests and financial hardship. Vineyards like Double A in Fredonia are a testament to resilience in the face of climate unpredictability, yet the tangible setbacks are hard to ignore.
In response to the escalating threat of cyberattacks in South and Southeast Asia, Lexasure Financial Group Limited and OneDegree Global are pioneering a strategic alliance with a vision to redefine the landscape of cyber insurance for businesses. As cyber threats loom larger than ever, this
