Stories tagged “Insurance.”
30 stories
A family's home was left uninhabitable after a leak caused extensive damage, but the insurance company, Hastings Direct, failed to properly manage the claim, leading to significant delays and poor communication.
Munich Re, the world's second-largest reinsurer, has cut its business volume by 9.1% to 2.9 billion euros and seen risk-adjusted prices fall by 5.5% in its July renewal round, leading to a temporary 3% drop in its share price. The company's CEO defended the move, stating …
Top Japan insurer urges companies to issue bonds in yield hunt
Daiichi Life Group, Japan's largest listed life insurance group, is urging companies to issue bonds in a yield hunt. The firm has been approaching dozens of companies that have never issued bonds or only rarely done so, proposing that it will become a core buyer if they t…
A court ruling has clarified that insurance companies cannot pauschal reduce Mietwagenkosten in road traffic law disputes. The decision was made by the Amtsgericht Bad Kissingen, which held that the insurance company's attempt to reduce the costs using the Fraunhofer-Miet…
Oil continued its rise on Friday amid further concerns around the opening of the Strait of Hormuz as Iran, working with Oman, suggested banning vessels deemed hostile from the strait and heavily fining those who violated the proposed rules.
New optional private health insurance riders in Singapore have generated interest but only three out of seven insurers reported strong sales since their April launch. The new riders exclude coverage for minimum deductibles and have lower premiums, aiming to encourage more…
AIICO Insurance Plc has secured a new operational license from Nigeria's National Insurance Commission (NAICOM), confirming its full compliance with the Nigerian Insurance Industry Reform Act 2025 recapitalisation requirements. This milestone coincides with the company re…
Lemonade is improving the customer experience by using artificial intelligence to automate the quotes and claims processes, and it's having a tremendous amount of success. The company operates in the homeowners, renters, life, pet, and car insurance markets, and as of Jun…
Europe’s Wildfire Season Exposes Climate Insurance Gap
Europe's worst wildfire season in recent history is raising concerns about rising insurance costs and widening gaps in protection against climate-related risks.
NAICOM completes recapitalisation exercise for 43 insurance companies
Nigeria's National Insurance Commission (NAICOM) has successfully completed a 12-month recapitalisation exercise for 43 insurance and reinsurance companies, with eight more undergoing final verification.
Peak XV Partners has offloaded shares worth ₹139 Cr in Go Digit via a block deal. This is the second time in two months that the VC giant has sold a part of its stake in the insurtech company.
Conduit Holdings Limited (CNDHF) reported a solid first half performance for 2026, with comprehensive income of $80.3 million and a return on equity of 7.8%. The company grew tangible net assets per share by 8.4% during the first half and 23.2% over the past year.
A survey from Which? found that one in eight people who had hired a car in the past two years had ended up paying more than they were first quoted. To avoid hidden fees and costly add-ons, it is essential to shop around online and compare prices.
Phishing campaigns targeting financial institutions have evolved, with attackers now synchronizing their activity with victims in real-time, authenticating against legitimate insurance portals as victims unknowingly complete the login process.
The Hartford Insurance Group, Inc. gets a Buy rating after recent Q2 results, driven by top line growth and business insurance showing strong trends.
Prudential Holdings of Japan announced that 101 additional customers suffered ¥620 million in losses from employee fraud, while sister firm Gibraltar Life disclosed 24 more victims totaling ¥170 million.
HSBC will sell its Singapore life and health insurance business to Germany's Allianz in a deal valuing the unit at S$2.7 billion (US$2.09 billion). The disposal is expected to generate a pre-tax gain of US$1.8 billion and an estimated up to 15 basis-point increase to CET1…
Insurance startup Corgi reportedly raised $4 billion in its third round in eight weeks, doubling its valuation. The company has been expanding its types of insurance and branching out into data room software and coffee shops.
An analyst views Allstate (ALL), a major personal lines insurer, as overvalued and risky for new investment, preferring undervalued companies in the insurance sector.
Chubb's stock has nearly tripled over the past decade, but it still looks undervalued relative to its long-term growth potential. The company's scale, diversification, and tech-driven upgrades make it a stable and reliable investment.
Jio Financial Services' net profit zoomed 2.6X to ₹830.3 Cr in the first quarter (Q1) of FY27 from ₹324.7 Cr in the year-ago period. Operating revenue crossed the ₹2,000 Cr mark during the June quarter, surging 227% YoY and 97% QoQ to ₹2,004.5 Cr.
Shares of insurance giant The Progressive Corporation fell on Wednesday, down 9% as of 2:14 p.m. EDT, due to mixed results in its June and second-quarter reports. While the company's earnings per share grew and beat expectations, its net premiums written came in short of …
InsuranceDekho, an insurtech startup, plans to file its DRHP with SEBI by the end of September, aiming for a valuation of around ₹9,500 Cr. The public issue will comprise a fresh issue and an offer for sale by existing investors.
Google has rolled out new agentic advertisement tools and Gemini-powered offerings to help Indian brands convert customers on Google Search and YouTube. The new offerings include ‘Business Agent for Leads’, which embeds a Gemini-powered chatbot trained on an advertiser’s …
AssuranceAmerica, an American insurance company, has disclosed a data breach affecting nearly 7 million drivers after attackers accessed its systems in March 2026.
The US military has launched fresh strikes on Iran after Donald Trump threatened 'much worse' to come. The strikes targeted a maritime traffic control tower and a depot in Iran's South-eastern port of Chabahar.
A data breach at AssuranceAmerica, a US insurance provider, has exposed the personal information and driver's license numbers of 6.9 million people. The breach is the largest known spill of Americans' driver's license information this year.
IRDAI is auditing insurers for dark patterns despite their claims, following a LocalCircles survey showing widespread use of such practices.
Insurance giant Aflac has disclosed a data breach affecting its Japan subsidiary, where unauthorized actors accessed systems and stole personal and bank account information.
The National Association of Insurance Commissioners (NAIC) says the ShinyHunters extortion group stole only publicly available data after breaching its systems. The breach was caused by a zero-day vulnerability in an Oracle PeopleSoft server.