The Contracts of Insurance Act, which received Royal Assent late last year, marks a significant milestone in New Zealand's insurance legislation. This Act consolidates and modernizes numerous outdated statutes, bringing New Zealand's insurance laws in line with those of the United Kingdom and
The financial landscape for life insurance companies has drastically shifted since the 2008 financial crisis. The once-reliable strategy of depending on long-term bonds to match policy obligations has faced significant challenges due to historically low interest rates. As a result, insurers have
As meteorologists predict an unusually active Atlantic hurricane season, with 17 named storms, nine hurricanes, and four major hurricanes anticipated, it becomes imperative for homeowners and business owners to ensure they are adequately prepared. This forecast, based on research by Colorado State
The controversy and fallout surrounding Florida’s property insurance industry have intensified, leading to rigorous scrutiny by the Florida House's Insurance & Banking Subcommittee. A comprehensive report has put a spotlight on the industry by exposing questionable financial practices by insurers,
The proposal to reduce additional no-fault insurance for taxis and for-hire vehicles in New York City has ignited widespread debate. Former NYC Taxi & Limousine Commissioner Matthew W. Daus has recently argued that aligning the insurance requirements of these vehicles with the state’s standard
The pressing call for legislative change in Minnesota has been amplified by the parents of two paralyzed student-athletes, who are challenging the existing insurance coverages provided by the Minnesota State High School League (MSHSL). They share their profound experiences navigating life after
