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The Hartford reports Q1 net income losses from California wildfires
Business insurance also recorded a combined ratio of 94.4 and an underlying combined ratio of 88.4, matching results from the prior-year period. In the personal insurance segment, the combined ratio was 106.1, while the underlying combined ratio improved by 6.4 points year-over-year to 89.7. Source link
Insurance Development Forum launches new webpage on risk modelling tools
The development of the tools was funded by IDF insurance industry members, including AIG, Aon, AXA, Convex Insurance, Guy Carpenter, Howden, RenaissanceRe, SCOR, and WTW. Several tools were developed in partnership with Oasis and Maximum Information. The launch reflects ongoing collaboration between public and private sector organisations, including re/insurers, modelling firms, development banks, and global…
Missouri passes bill allowing qualified organizations to offer healthcare benefit plans
Although SB 79 exempts these plans from certain state and federal health insurance laws, it requires coverage for ambulance services, hospitalizations, emergency services, and lab work. Additionally, the plans must have an annual coverage limit of at least $2 million, and applicants must be members of the organization for at least 30 days before qualifying….
LIC’s Index Plus: Secure Your Future with Growth & Protection
LIC’s Index Plus is an excellent choice for those looking for a balanced approach to life insurance and investment. Whether you want to secure your family’s future, plan for retirement, or simply grow your wealth, this plan offers flexibility, protection, and growth potential. With guaranteed additions, flexible coverage options, and tax benefits, it’s a reliable…
Small restaurants, big risks: The coverage gaps that could shut them down
For small restaurants, the margin for error is razor-thin. Small restaurants have always had plenty to worry about – fires in the kitchen, workplace injuries, liability claims, and the ever-present risk of a foodborne illness shutting them down overnight. Unlike large chains with corporate backing, independent restaurants don’t have the financial cushion to absorb major…
Private flood insurance gains ground on NFIP weaknesses
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. Source link