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Empower Your Future with LIC’s Jeevan Kiran (Plan 870): A Zero Cost Term Assurance Plan
In conclusion, LIC’s Jeevan Kiran Plan (No. 870) emerges as a beacon of financial security, catering to the diverse needs of individuals and families alike. With its flexible premium options, policy terms, and substantial life coverage, the plan paves the way for a stable and prosperous future. The unique maturity benefit, which returns the total…
Massive Florida State Farm case over alleged patient brokering scheme clears early legal hurdle
Case information Case: State Farm Mutual Automobile Insurance Company v. Spine Centers of America, Inc., et al. Court: U.S. District Court for the Middle District of Florida Case No.: 8:24-cv-1064-CEH-AEP Judge: Charlene Edwards Honeywell Date of ruling: March 21, 2025 Plaintiff: State Farm Mutual Automobile Insurance Company Defendants: Spine Centers of America, Robert Cagno, Lester Morales…
Regulatory uncertainty clouds environmental liability insurance market
“A decade ago, 10-year policies were common. Five years ago, five-year terms were easy to secure,” she said. “Now, many carriers limit policies to three years, or even just one year in some cases. This shift stems from growing uncertainty – insurers want the flexibility to reassess risks annually, accounting for changes in regulations, climate,…
Zurich sees revenue, capital strength rise in Q1 2025
Zurich’s business updates for Q1 The Retail segment also reported a rise in gross written premiums of 11% in US dollars. Rate changes of 5% in the first quarter, coupled with pricing adjustments in motor and property lines, along with the integration of AIG’s global personal travel insurance and assistance business, supported the increase. Underwriting…
Trade war spurs insurance policy demand
Legal professionals are assessing the insurance implications of trade-related disruptions. According to Pillsbury Law’s Jeff Kiburtz and Lisseth Ochoa-Chavarria, several lines of coverage may be affected, including political risk, directors and officers liability, builder’s risk, subcontractor default, and marine insurance. Although tariffs do not cause physical damage, the financial and operational fallout may lead to…