Category: Insurers
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Insurers are dropping HOAs, threatening the condo market
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Finding insurance has become more difficult and more expensive in most parts of the country. Just ask home owners associations. With a reflection of the trends in the one -family homes market, insurance companies increase insurance installments or get out of the entire HoAS property coverage, noting the high losses…
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Health insurers unveil Medicare Advantage plans for 2025 By Reuters
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(Reuters) – CVS Health (NYSE:) and Cigna (NYSE:) on Tuesday released details on next year’s government-backed health insurance plans for people 65 and older, saying some members will pay a $0 monthly premium for drugs. described. These announcements come ahead of the start of enrollment in Medicare Advantage plans on…
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Why importers face losses on KRA impasse with insurers
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Importers face the risk of higher storage costs as thousands of shipments are delayed due to disputes between the Kenya Revenue Authority and insurance companies over new fees imposed on the system used to process customs bond insurance. Customs bond insurance is a guarantee to the Kenya Revenue Authority that…
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Shift as insurers in Kenya embrace AI to boost business
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The insurance sector in Kenya is gradually moving towards the new era of artificial intelligence technology in a bid to improve its business. With the emergence of concepts like machine learning and generative AI, insurance companies are leveraging technology to better measure risk, combat fraud, and offer personalized pricing along…
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US home insurers suffer biggest loss of century in 2023 By Reuters
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(Reuters) – U.S. home insurers will suffer their worst underwriting loss this century in 2023, ratings agency A.M. Best said on Monday, as a toxic mix of natural disasters, inflation and population growth in vulnerable areas put a vital financial market under severe strain. Homeowners insurance companies suffered a net…
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U.S. home insurers are said to face biggest loss of century in 2023 (NYSE:ALL)
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Bill Oxford/E+ via Getty Images Home insurers in the United States last year suffered their worst underwriting loss this century, the Financial Times reported on Sunday, as natural disasters, inflation and population growth in high-risk areas put pressure on insurers’ finances. They made a net loss on the underwriting. Saudi…
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U.S. home insurers are said to face biggest loss of century in 2023 (NYSE:ALL)
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Bill Oxford/E+ via Getty Images Home insurers in the United States last year suffered their worst underwriting loss this century, the Financial Times reported on Sunday, as natural disasters, inflation and population growth in high-risk areas put pressure on insurers’ finances. They made a net loss on the underwriting. Saudi…