insurance

Life Insurance: IRDAI withdraws low surrender value offer; you know the applicable transfer charges from 1 April 2024

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Life Insurance: IRDAI withdraws low surrender value offer; you know the applicable transfer charges from 1 April 2024

The Insurance Regulatory and Development Authority of India (IRDAI) has announced the final set of surrender charges for non-linked or linked life insurance products — traditional endowment policies. These charges will come into effect from April 1, 2024. The move benefits life insurance companies in India. What are the new insurance cancellation fees? Under the … Read more

The Baltimore disaster may be the largest payout in marine insurance history: Lloyd’s

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The Baltimore disaster may be the largest payout in marine insurance history: Lloyd’s

Baltimore City Fire Boat 2 sails past the container ship Dali after it struck the Francis Scott Key Bridge, which collapsed into the Patapsco River in Baltimore, Maryland, U.S., Tuesday, March 26, 2024. Bloomberg | Bloomberg | Getty Images “We are beginning to deploy resources in anticipation of this being a very significant request for … Read more

Progressive Insurance is beginning to withdraw home insurance policies in Florida

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Progressive Insurance is beginning to withdraw home insurance policies in Florida

BRADENTON, Fla. — It was a sinking feeling the moment Bradenton resident Ira Kasdan got the letter last month that he had been rejected by Progressive Insurance. DROPPED BY PROGRESSIVE “Dear policyholders, your policy will expire at 12:01 on July 1stSt , 2024, for the following reasons. After careful consideration, we are unable to offer … Read more

Find out why insurance premiums are rising

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Find out why insurance premiums are rising

“The cumulative years of record high inflation have greatly increased the cost of auto repair and replacement,” said Robert Passmore, vice president of the personal lines division at the Accident Insurance Association of America. “Over the past five years, the cost of auto parts and used cars and trucks has increased by nearly 40 percent. … Read more

Appeals court sides with SXSW in insurance case: Overturns previous ruling in favor of insurance company – Music

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Appeals court sides with SXSW in insurance case: Overturns previous ruling in favor of insurance company – Music

The Austin Convention Center during SXSW 2023 (Photo by John Anderson) The United States Court of Appeals for the Fifth Circuit recently sided with South by Southwest in an ongoing lawsuit against the insurance company, overturning a previous ruling in favor of the insurer. In its reversal, the Fifth Circuit remanded the case, sending it … Read more

The flood insurance deadline is causing more nail-biting

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The flood insurance deadline is causing more nail-biting

Mortgage and housing groups by deadline Friday were pushing for an extension to the National Flood Insurance Program, which was set to expire just before midnight due to the latest budget impasse. By noon Friday, House of Representatives had passed a spending bill by a vote of 286 to 134. (Update: Senate approval came shortly … Read more

A Jacksonville homeowner says he still owes his insurance company $15,000. The company disagrees

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A Jacksonville homeowner says he still owes his insurance company ,000. The company disagrees

NASSAU COUNTY, FL – A Nassau County judge recently criticized a Florida insurance company after he said it was obstructing policyholders and ignoring court orders. Court records show dozens of complaints have been filed against Universal Property & Casualty Insurance in Duval and Nassau counties for underpaid claims and lack of communication. It’s the same … Read more

Bettor’s choice (deposit match, bet insurance) in 18 states

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Bettor’s choice (deposit match, bet insurance) in 18 states

Commercial content. 21+. Action Network is the official New York Post betting partner that edits this content. BetMGM bonus codes NYPNEWS and NYPNEWS1600 unlock two separate promotions in 18 states. Each offer has a varied structure, which we’ll outline in detail below, but the short of if is the first bonus code unlocks a bet … Read more

Chinese insurance giant Ping An’s profit falls to 5-year low amid weakness in asset management, technology business

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Chinese insurance giant Ping An’s profit falls to 5-year low amid weakness in asset management, technology business

Ping An Insurance (Group), China’s largest insurer by market capitalization, said its 2023 earnings fell to a five-year low as strong sales of new policies were offset by setbacks in their asset management businesses and technology investments. Its net profit fell 23 percent year-on-year to 85.67 billion yuan ($11.9 billion), according to a stock exchange … Read more