Claims

CIC Insurance Group Profit Surges 70% in First Half of 2026
Risk Management CIC Insurance Group Profit Surges 70% in First Half of 2026

CIC Insurance Group achieved a remarkable financial turnaround by the end of June 2026, recording a 70.3% surge in profit after tax to reach KSh 1.09 billion. This performance is particularly noteworthy given the prevailing economic headwinds that have historically dampened growth within the East

Integrating Cyber Insurance Into Incident Response Plans
Regulatory & Compliance Integrating Cyber Insurance Into Incident Response Plans

Modern cybercrime protection has expanded to cover complex social engineering schemes and invoice manipulation that traditional perimeter security tools often miss or can't stop. The FBI's Internet Crime Complaint Center reported that losses climbed past 20 billion dollars in 2025, with business

Korea Tightens Rules for Minor Injury Auto Insurance Claims
Insurance Korea Tightens Rules for Minor Injury Auto Insurance Claims

Starting September 10, the Financial Supervisory Service is implementing a specialized medical review process for any minor auto insurance injury that requires treatment for more than eight weeks. This regulatory shift aims to curb the rising costs associated with excessive medical treatments for

Florida Insurance Laws Threaten the Value of Contracts
Risk Management Florida Insurance Laws Threaten the Value of Contracts

Current legislative shifts in Florida have created an environment where corporate interests receive government protection at the direct expense of individual property rights. For decades, the insurance contract stood as a reliable pillar of security, promising that in exchange for premiums, the

Lumley Baxter Wins Nominal Damages in Aviva Platform Dispute
Insurance Lumley Baxter Wins Nominal Damages in Aviva Platform Dispute

A significant portion of the litigation focused on the Bed and ISA process, which ceased functioning as a single instruction and left client funds exposed to market volatility for up to ten days. This breakdown was merely the visible tip of a much larger iceberg involving the migration of legacy

California Passes Landmark Smoke Damage Recovery Act
Insurance California Passes Landmark Smoke Damage Recovery Act

Advocacy groups like United Policyholders view California's new framework as a North Star for other states facing increasingly frequent and severe wildfire events. The signing of Assembly Bill 1795 marks a definitive pivot from decades of regulatory ambiguity toward a rigorous, health-first

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