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Despite its limitations, parametric coverage appeals for its speed, objectivity, and flexibility. Payouts are faster, disputes are rare, and policies can be tailored to specific risks – whether it’s excessive rainfall, drought, or rising river levels.
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[ad_1] As a college student, we know there’s a lot on your mind as the school year approaches. From meeting new friends and gaining independence to writing research papers and eating (sometimes questionable) food in the dining hall, the last thing you want to worry about is insurance. We’re here to help you understand how…
[ad_1] Manulife segments in Q1 2025 Asia core earnings rose 7%, supported by higher business volumes, improved new business impact, and favorable claims experience, though partially offset by strengthened ECL provisions. Global WAM posted a 24% increase in core earnings, driven by higher net fee income, favorable market conditions, performance fees, and expense discipline. [ad_2]…
[ad_1] Statewide, flood insurance covers just 7% of residential properties. Coverage rates in major inland metropolitan areas, including Dallas, Denton, and Bexar counties, remain below 1%, despite repeated flooding events. Even in FEMA-designated high-risk zones, only 28% of residential buildings have flood insurance. [ad_2] Source link
[ad_1] “FinTech Plus exemplifies Willis’ commitment to innovation and our alignment across the global network,” said Trenton McNee, fintech and digital assets industry leader for Great Britain. “Working closely with our US counterparts, we combined deep industry insight with Willis’ worldwide insurer partnerships to craft a truly dynamic solution, one that anticipates tomorrow’s risks and…
[ad_1] How much does foreseeability matter for a workman’s shoddy construction work to be covered? [ad_2] Source link
[ad_1] The homeowners countered with their own expert – a licensed engineer – who had personally inspected the property and reviewed photographs, reports, and other records. The engineer acknowledged the possibility that the leak began unnoticed before July 2019, but crucially, he argued that there was no clear evidence of damage before October 2018, when…
