Core Specialty Insurance recently achieved a significant milestone by securing an upgrade in the Financial Strength Ratings of its property and casualty subsidiaries from AM Best, moving from an A- to an A (Excellent) rating. This recognition comes with a Financial Size Category of XIII,
The insurance industry has seen a notable surge in consolidation, with companies strategically acquiring smaller but well-established agencies to bolster their market positions. A significant recent example is Inszone Insurance Services' acquisition of the Keith Williams Insurance Agency, Inc., a
In an effort to address the unique needs of the cycling industry, Bikmo, an InsurTech company specializing in cycling insurance, has entered into a three-year partnership with the Association of Cycle Traders (ACT), the UK's largest cycle trade membership organization. This collaboration marks a
In a noteworthy move to strengthen its foothold in the UK's taxi insurance market, Specialist Risk Group (SRG) has acquired the renewal rights from Morton Insurance Brokers, a firm known for its expertise in private hire and taxi insurance since 1987. This acquisition is not merely a transaction
In the United States, insurance companies often pose significant barriers to mental health care by labeling prescribed treatments as not medically necessary. This undermines professional recommendations and forces many mental health professionals out of insurance networks, making in-network care
ICICI Prudential Life Insurance has recently encountered a significant challenge following a Goods and Services Tax (GST) demand and penalty amounting to Rs 429 crore from the Maharashtra State Tax Department. This order was issued under Section 73 of the Maharashtra GST Act, 2017, and was received
