Florida’s property insurance market is showing signs of stabilization, the Senate president says | INSURANCE CENTER

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Florida's property insurance market is showing signs of stabilization, the Senate president says

Senate President Kathleen Passidomo informed the bill that while Florida’s property insurance market shows signs of stabilization and positive trends as a result of recent legislative reforms, continued efforts are needed to ensure these benefits effectively translate into tangible savings for homeowners. President of the Senate Kathleen Passidomo The legislation, sent in a memo Thursday, … Read more

Spending by giants in the car insurance market will grow explosively | Generali, Berkshire Hathaway, Samsung Group, Munich Reinsurance | INSURANCE CENTER

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Car Insurance

  Advance Market Analytics has published a new research publication on “Global Car Insurance Market Insights, to 2030” with 232 pages and enriched with self-explained tables and graphs in presentable format. In the research, you will find new evolving trends, drivers, constraints and opportunities generated by targeting market-related stakeholders. The growth of the auto insurance … Read more

MDS Brazil will expand with the acquisition of life and pension brokers | INSURANCE CENTER

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MDS Brazil to expand with life and pensions broker acquisition

The $120 million deal will be financed with available liquidity MDS Brazil, a reinsurance broker of the Ardonagh-owned MDS Group, has announced its intention to acquire D’Or Consultoria, a broker specializing in healthcare, dentistry, life insurance and pensions, from Rede D’Or Sao Luiz. The transaction, valued at R$800 million ($123 million), is subject to approval … Read more

Irish life insurance policies are increasing premiums by an average of 5.3% for adult plans | INSURANCE CENTER

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Irish life insurance policies are increasing premiums by an average of 5.3% for adult plans

Irish Life Health will increase premiums again from July 1, the insurer announced on Friday. The provider is making a number of changes to the price of its health insurance, with an average increase of 5.3 percent on the gross adult premium. The increase across plans varies from 1.6 percent to 7.9 percent. These price … Read more

California’s governor is stepping on the accelerator on property insurance changes | INSURANCE CENTER

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California's governor is stepping on the accelerator on property insurance changes

  California Governor Gavin Newsom is trying to stem the trend of property insurers leaving the state on the grounds of losses by speeding up how quickly they can raise rates. Newsom announced plans to craft a trailer law to expedite the work of state Insurance Commissioner Ricardo Lara during Friday’s briefing on May revisions … Read more

The cost of insurance claims points to a worsening car theft crisis | INSURANCE CENTER

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Insurance claims costs point to worsening auto theft crisis

Insurance claims costs point to worsening car theft crisis | Insurance Company Canada Engine & Fleet The cost of insurance claims points to a worsening car theft crisis The latest figures indicate that national problems are not abating Engine & Fleet By Terry Gangcuangco The ongoing national auto theft crisis continues unabated, with new data … Read more

AIG will sell part of its stake in Corebridge to Nippon Life for $3.8 billion | INSURANCE CENTER

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AIG to sell part of Corebridge stake to Nippon Life for $3.8 billion

  Insurance giant retains 9.9% of the shares American International Group (AIG) has agreed to sell approximately 120 million shares of Corebridge common stock to Nippon Life Insurance Company for $3.8 billion. The stake sold by AIG represents 20% of Corebridge’s outstanding shares. Following the transaction, AIG will retain a 9.9% interest in Corebridge for … Read more

Car insurance customers keep switching carriers, report finds | INSURANCE CENTER

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Auto insurance shoppers continue to switch carriers, report finds

New policy purchases have seen a “sizzling” increase LexisNexis has released its Insurance Demand Meter report, sharing the company’s analysis of U.S. auto insurance shopping trends in the first quarter. According to the quarterly results, auto insurance retail activity was marked as “hot” by the LexisNexis Insurance Demand Meter, up 2.9% year-over-year in the first … Read more

Important tips from experts like Nebraskans and Iowans about insurance policies | INSURANCE CENTER

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Important tips from experts like Nebraskans and Iowans about insurance policies

Several devastating tornado outbreaks in Nebraska and Iowa have left a trail of destruction, damaging or destroying countless homes and vehicles. Many people face the difficulties of assessing the damage to their homes and vehicles. Despite these headaches, a pressing concern for these families is insurance coverage. Experts say people who have suffered property damage … Read more