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Oklahoma insurance overhaul: HB1498 enforces stricter rules on funeral benefits and cybersecurity
[ad_1] For insurers, the bill mandates the development of a comprehensive written information security program tailored to the size, complexity, and risk profile of the organization. Each licensee must conduct periodic risk assessments, designate responsible personnel, and implement administrative, technical, and physical safeguards to protect non-public information. Insurers domiciled in Oklahoma are required to submit…
What’s the most affordable EV to insure in 2025? Mercury Insurance bares list
[ad_1] According to the company, Chevrolet leads the rankings, with the Blazer EV and Equinox EV named the most affordable models to insure. They are followed by the Nissan Leaf, Kia Niro EV, Ford F-150 Lightning, Hyundai Kona EV, MINI Cooper SE, Hyundai IONIQ EV, Fiat 500e, and the Subaru Solterra/Toyota BZ4X. [ad_2] Source link
Hawaii to reopen hurricane relief fund after two decades of inactivity
[ad_1] The fund operated effectively throughout the 1990s, insuring approximately 155,000 policyholders statewide by 1999. However, as private insurers gradually returned to the market, the HHRF ceased issuing new policies in December 2000 and became dormant by 2002. Despite its inactivity, the fund maintained a reserve balance to ensure readiness in the event of future…
Launch Underwriters names Dennis Sparks as CEO
[ad_1] Sparks most recently held the role of executive vice president and chief underwriting officer at MS Transverse Insurance Group. His career in property and casualty insurance spans more than three decades, with previous roles including chief underwriting officer, chief actuary, chief financial officer and head of ceded reinsurance. He has worked at organizations such…
Giant European insurer looks to US move as Transamerica takes center stage
[ad_1] Aegon, the Dutch insurer whose American operations now underpin the majority of its earnings, is weighing a plan to relocate its corporate headquarters and legal base to the United States. The review underscores the growing dominance of Transamerica, its Baltimore-based subsidiary, within the group’s global strategy. [ad_2] Source link
Private flood insurance gains ground on NFIP weaknesses
[ad_1] The NFIP, once the only option for homeowners and businesses, has long been criticized for its low coverage limits and lack of flexibility. With rising flood risks due to climate change and evolving property needs, consumers have sought alternatives that address losses beyond structural damage – like business interruption and building upgrades. [ad_2] Source…