Minnesota moves to regulate peer-to-peer car sharing, impacting insurance industry

They include a group managing director and a new head of healthcare Source link

• Number of Claims Settled: 9,22,207 •Amount of Claims Settled: ₹19,327.63 crore •Claim Settlement Ratio: 98.52% •Repudiation Ratio: 0.87% •Pending Claims Ratio: 0.08% •Analysis: LIC continues to dominate the life insurance market with the highest number of claims settled and a substantial amount of payouts. Its high claim settlement ratio, coupled with a low repudiation…

New US automobile tariffs, along with additional proposed tariffs targeting key trading partners, could increase costs and introduce further volatility across property, auto, life, and health insurance lines, according to industry analysts. Source link

If you are a snowbird that heads south for the winter, there are several key things you can do to help winterize your vacant home. Taking the right winterization steps can help protect your home from theft, water damage, heating or electrical system malfunctions and other possible threats while you are away for an extended period of…

At the time, the dealership’s shuttle was insured by Motorists Commercial Mutual Insurance Company. Smith lived with his then-wife, whose vehicle was insured by Farm Bureau, making him eligible for resident-relative coverage under her policy. Lacking personal auto insurance, Mr. Smith also filed for benefits through the Michigan Automobile Insurance Placement Facility, which provides coverage…

For example, if someone with a homeowners policy liability limit of $300,000 is found responsible for $1 million in damages due to an accident on their property, their homeowners’ policy might cover part of the damages, but the remaining $700,000 could fall on the policyholder unless umbrella coverage is in place. Mercury’s umbrella insurance helps…