An American businessman is currently on trial in Jamaica for allegedly hiring a hitman to kill his wife to collect a massive life insurance payout.
Tags: Insurance
Hurricane Beryl-Related Damage May Cost US Insurers $2.7 Billion, KCC Says
Hurricane Beryl is expected to cause approximately $2.7 billion in damages to US insurers, as estimated by catastrophe modeling firm Karen Clark & Co (KCC).
Fifth Third Bank Agrees to Pay $20 Million to Settle Charges Over Fake Accounts, Forced Unwanted Car Insurance
Fifth Third Bank has agreed to pay $20 million to settle allegations about creating fake customer accounts and selling unnecessary car insurance.
Florida's Citizens Property Insurance Might Raise Premiums of Up to 14% Next Year
Citizens Property Insurance in Florida may raise premiums by hundreds next year. In this aerial view, wreckage left in the wake of Hurricane Ian is shown on the island of Matlacha on September 30, 2022 in Matlacha, Florida.
Rate of Uninsured Americans to Rise to Nearly 9% in the Next Decade, Congressional Budget Office Report Shows
A Congressional Budget Office (CBO) report revealed that the uninsured rate among Americans will increase from 7.7% in 2024 to 8.9% over the next decade.
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Industry records show that storms and extreme rain caused a record £573 million ($715 million) in UK home insurance claims last year.
Car insurance prices are increasing at an alarming rate, and hundreds of thousands of drivers are expected to see a rate hike of nearly 20% this year.
The annual Insurance Regulation Report Card determined the effectiveness of the states' insurance regulatory system. The report revealed that Vermont has the best insurance regulation, receiving an A+ grade.
A recent study that focused in measuring health care openness and access ranked Vermont among the worst in the nation. Jared Rhoads, a research project manager with the Dartmouth Institute for Health Policy and one of the authors of the study, cited the state's over-regulation as one of the factors for the ranking.
Insurers should consider climate risk more, advised by the investment group. Giving warning to its people and others, the insurance advisers said and claimed that insurers should take into big consideration the climate change that is happening around the globe.
The Property Casualty Insurers Association of America (PCI) is strengthening its adherance to its rules and policies.
Next Insurance raised a seed fund of $13 million led by Zeev Ventures together with TLV Partners and Ribbit Capital. The fund will be used to help small businesses seek and get insurance online without any difficulty.
To secure assets from a company sale, there are two main things that one needs to do: make sure the business entity of the company is preferable for private assets protections and put the said assets in an adequate insurances and retirement accounts.
Parker Conrad, co-founder and CEO of Zenefits steps down from his post as the company is under lots of pressure to meet its revenue projection. Besides that, the company also is under investigation for breaking few insurance regulations in at least seven different states.
