For 35 years, Angela Jemmott and her five brothers paid premiums on a long-term care insurance policy for their 91-year-old mother. But the policy does not cover home health aides whose assistance allows her to stay in her Sacramento bungalow, near the friends and neighbors she loves. Her family pays $4,000 a month for that….
Insurers have a history of taking a one-size-fits-all approach to marketing. This tack has generally served the market’s needs — after all, insurance is a general requirement for a wide consumer base, and most consumers don’t have significant interactions with insurance carriers other than filing the occasional claim or renewing their policies every year. Even…
The hard market is providing challenges and opportunities for captives, according to the latest AM Best sector report on the European captive insurance market. Commercial insurers have continued to adjust insurance premiums upwards in 2023 to ensure that inflation is reflected in the price of cove, the rating agency said. These adjustments have been accompanied…
Decentralized exchange dYdX grapples with a significant loss from its insurance fund following a sophisticated attack targeting the Yearn Finance (YFI) token market. Posted November 19, 2023 at 10:11 am EST. The decentralized cryptocurrency exchange dYdX has reported a significant security breach resulting in a $9 million loss from its insurance fund. The incident, which…
Transitioning market remains focused on profitable growth: Aon’s 2023 Canadian Spring Insurance Market Update TORONTO, May 18, 2023 /PRNewswire/ — Aon plc (NYSE: AON), a leading global professional services firm, has released its Spring 2023 Canadian Insurance Market Update. Published in support of Aon’s ongoing commitment to help Canadian clients make better decisions about risk management and insurance programs, the…
“Talent, especially in skilled ‘judgment’ underwriting that’s not as reliant on automated underwriting tools, will be in high demand as more business moves to the excess/surplus lines sector,” says Nancy Germond, executive director of Risk Management and Education at the Big I®. (Credit: ink drop/Adobe Stock) The insurance industry is in for a drastic change by 2028,…
