Category: insurance
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Homeowners hit by Hurricane Helene face the grim task of rebuilding without flood insurance
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Breadcrumb links PMN BMN Business Article writer: Associated Press Sally is Published on October 05, 2024 • Last updated 33 minutes ago • 5 minute read You can save this article by registering for free here. Or log in if you have an account. Room contents are emptied into the…
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National Insurance on employer pension contributions could raise billions for Treasury coffers
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The introduction of national insurance on employer contributions to pensions could generate billions for the Treasury, according to Sir Steve Webb, the former pensions minister. Webb, now a partner at LCP, points out that this reform could raise up to £16bn net a year and could be the most likely…
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Insurance claims from floods rise to Sh5 billion
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Insurance claims from floods that hit Kenya between March and June rose by 62 percent to at least Sh5 billion, indicating the impact on insurers of the increasing severity and frequency of climate change-related risks. The rise in flood claims means insurers will have to pay more attention to the…
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Regulator stopped from fixing car insurance prices
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The Court of Appeal has barred the Insurance Regulatory Authority from setting minimum premium rates for motor vehicle insurance, saving customers the cost of doubling their underwriting fees. The Court of Appeal found that the Individual Retirement Administration’s 2009 auto insurance guidelines, which set the minimum premium at seven per…
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IRA warn banks selling non-existent insurance
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Banks that run insurance businesses will have to pay all outstanding insurance premiums before getting new bancassurance licenses amid suspicions that they are holding cash from customers, which could render policies invalid. The Insurance Regulatory Authority has written to all bancassurance intermediaries – banks and microfinance banks that sell insurance…
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Cyclists urged to consider insurance to enhance safety, says Lloyd’s chief
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John Neal, chief executive of Lloyd’s of London, the world’s largest insurance market, says cyclists should consider taking out insurance to protect themselves and pedestrians. Neil’s comments come in response to a series of serious accidents involving cyclists, which have sparked renewed debate about the need for mandatory insurance. Neil…
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Acadia Healthcare is holding patients against their will to increase insurance payouts:NYT
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Update 6:05 PM ET: Added Acadia Response Acadia Healthcare (NASDAQ:ACHC), one of the largest operators of behavioral health centers in the United States, is holding people against their will in order to maximize insurance payments, The New York Times reported Sunday. In in At least 12 of the 19 states…
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Google Cloud partners with Prudential on AI insurance products
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Google Cloud, the cloud computing arm of Alphabet Inc., has partnered with British insurer Prudential Plc to develop AI-powered insurance products and applications to improve the experience for customers, agents and employees. Google Cloud will support Prudential’s new AI lab with end-to-end solutions, which will see around 15,000 Prudential employees…
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Tapping the potential of insurance to maximize wealth
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Breadcrumbs Path Links finance insurance Personal Finance wealth Wealth Management Life insurance is an increasingly attractive option for preserving and transferring wealth. Published on August 18, 2024 • Last updated 1 hour ago • Read for 3 minutes You can save this article by registering for free here. Or log…
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Tesla registers insurance brokerage in China, national corporate database shows By Reuters
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BEIJING (Reuters) – Tesla Inc registered an insurance brokerage firm in China in late July, according to a national enterprise information database, in a sign the U.S. automaker may be trying again to win approval to sell insurance products in the country. The new company, located in Beijing’s central business…
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Insurance industry must seize ESG opportunities for competitive edge
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Like any other sector, the insurance industry is expected to reap significant benefits by adopting environmental, social and governance (ESG) considerations in strategy implementation. Insurance companies must leverage the opportunities provided by ESG to enhance their growth strategy, future viability, and long-term sustainable dividend distributions to stakeholders. Environmental, social and…
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Insurance industry must seize ESG opportunities for competitive edge
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Like any other sector, the insurance industry is expected to reap significant benefits by adopting environmental, social and governance (ESG) considerations in strategy implementation. Insurance companies must leverage the opportunities provided by ESG to enhance their growth strategy, future viability, and long-term sustainable dividend distributions to stakeholders. Environmental, social and…
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Unlocking Capital: How Life Insurance Can Be a Strategic Tool for Savvy Traders
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Life insurance is often seen as a means of financial protection for loved ones. However, it also presents unique opportunities for traders looking to unlock additional capital. In the UK, using life insurance as a financial tool can provide traders with a flexible and secure way to boost their trading…
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Board orders university to re-evaluate insurance tender
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The Administrative Public Procurement Review Committee has ordered Jaramogi Oginga Odinga University to re-evaluate a tender for the provision of group life insurance, work injury benefits and personal accident cover. This came after the board of directors cancelled the award to Kenya Alliance Insurance Limited and Zamara Risk Insurance Brokers…
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Piper Sandler maintains Renasant shares target post insurance subsidiary sale By Investing.com
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On Wednesday, Piper Sandler maintained a neutral rating. Renasant Company (NYSE:NYSE:) with a fixed price target of $33.00. This comes on the heels of Renasant’s recent announcement of the sale of its insurance subsidiary. On July 2, 2024, Renasant Corp. announced the completion of the sale of Renasant Insurance, Inc.…
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NCBA completes buyout of AIG Kenya Insurance
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NCBA Group has announced the completion of the acquisition of 66.67 percent of AIG Kenya Insurance Company to take full ownership of the company. The lender said it has obtained all necessary approvals from the Kenya Competition Commission, the Insurance Regulatory Authority and the Central Bank of Kenya. The insurance…
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Landlords are on edge over the housing market’s insurance shock
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The housing world doesn’t need another problem, but it has one: insurance. The insurance landscape is changing, and property insurance companies are either capping the number of policies they write, are more stringent in underwriting, refuse to write new policies altogether, are fleeing altogether, or are raising interest rates. California…
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Insurance firms swamped by surge in floods damage claims
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Widespread flooding that hit Kenya in March and April left insurers struggling to meet claims worth Sh3.1 billion, as the effects of climate change became a major risk to insurers. Latest data from the Insurance Regulatory Authority (IRA) indicates that insurance companies settled Sh147.3 million or less than 5.0 percent…
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Travel Insurance Costs: What You Need to Know Before Your Next Trip
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Posted on June 12, 2024 • 3 minutes…