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News
Class actions: Aviva agrees to pay at least $150 million
3+ week, 6+ day ago (1094+ words) Aviva Canada has agreed to pay a lump sum of at least $150 million to settle various class actions before...
7 years on, insurer ordered to pay Rs 8.06 cr to Swiss firm subsidiary in fire claim dispute
1+ day, 10+ hour ago (574+ words) The Economic...
Kakao Pay long-term overseas stay insurance more than doubles subscribers in a year
3+ week, 17+ hour ago (375+ words) Local re-enrollment rate hits 20% with easy extension The number of policyholders enrolled in Kakao Pay's...Kakao Pay Insurance revised the product in December last year, raising the coverage ceiling for overseas...of overseas living situations, including family relocations and overseas…...
Prince Harry's has a week to pay his share of a nearly $13m million bill
3+ week, 3+ day ago (491+ words) Insurance Business Prince Harry's...has a week to pay his share of a nearly $13m million bill The insurance math still doesn't add up...Why "indemnity basis" changes the numbers The judge didn't just order the group to pay ANL's costs…...
Prestige Assurance pays N15bn claims as insurance revenue rises by 28.3%
3+ week, 4+ day ago (440+ words) L-R: Umesh Rathod, managing director/CEO; Funmi Oyetunji, board chairman; and Chidinma Ibe-Lious, company secretary, all of Prestige Assurance Plc during its Annual General Meeting held in Lagos Underwriting firm, Prestige Assurance Plc, paid N15.53 billion in claims to policyholders in…...
We Should Be Paying More Attention to The New Wave of SMB Cyber Claims
2+ week, 12+ hour ago (491+ words) For years, cyber insurance was treated as a niche product reserved for technology firms, financial institutions and e-commerce giants. When underwriters and claims teams assessed cyber exposure, the conversation centered on massive data breaches and enterprise-grade network overhauls. That framework…...
Iowa contractors can???t negotiate insurance claims on homes they repair
4+ week, 1+ day ago (368+ words) DES MOINES, Iowa — When storm damage hits a home, the person making money from the repairs cannot also...serve as the person negotiating how much the insurance company should pay....
Are brokers asking clients if they drive for Uber?
3+ week, 5+ day ago (854+ words) labour platforms to perform on-demand delivery work and establishes minimum standards covering hourly pay...infrastructure provider Cover Genius announced what they describe as Australia’s first rideshare-dedicated, pay-per-kilometre...distinct product category; it is a standard car policy configured to cover…...
LA County Probing Farmers Insurance Over Wildfire Survivor Claims
4+ day, 14+ hour ago (470+ words) announced Unfair Competition Law and ``follows growing complaints from residents about delays, refusals to pay...``Eaton Fire survivors did everything right -- responsibly paying their premiums year after year -- but...when disaster hit, Farmers left them with a contaminated home and…...
Robotaxi risk: what potential "skulduggery" tactics mean for UK motor insurers
3+ week, 3+ day ago (543+ words) British start-up, are both testing robotaxis on London roads, each racing to be the first to carry paying...Who actually pays when there's no one driving? This isn't a hypothetical for insurers....