The year 2024 has brought with it a significant and noticeable increase in car insurance premiums, with many drivers witnessing an average hike of 20% year-over-year. To understand this sharp rise, one must delve into the various factors driving these changes, encompassing both broad industry
The insurance industry is undergoing a transformative shift, thanks to the integration of Artificial Intelligence (AI). AI technologies such as machine learning, predictive analytics, and natural language processing are enhancing operational efficiencies, refining risk assessments, automating
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
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.
Aspray Limited has achieved a remarkable milestone by winning the prestigious “Loss Assessor of the Year 2024” award at the British Claims Awards for the second consecutive year. This honor is a reflection of Aspray’s outstanding performance and excellence within the loss assessing industry,
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
