Property house owners win flood/storm dispute – Every day – Insurance coverage Information

Homeowners whose property was inundated by water will be covered for their losses after a dispute ruling determined that stormwater, not floodwater, was the initial cause of damage. The complainants lodged a claim with Auto & General after their home and garage were hit by storm and flood waters on February 27 last year. The … Read more

SS&C Applied sciences : The Relationship Between Insurance coverage Firms & Industrial Actual Property

Insurance investors have been major players in Commercial Real Estate (CRE) lending for decades, with the commercial mortgage industry fitting nicely as an asset against the liabilities that life insurance companies have. Characteristics such as fixed-rate interest and ten-plus-year terms benefit both sides. However, the pandemic, the threat of inflation and emerging global pressures are … Read more

TransUnion Insurance coverage Developments and 2023 Outlook Report Factors to Extra On-line Life Insurance coverage Buying

Digitalization leads TransUnion’s Trends and Outlook Report for Personal, Commercial and Life Insurance in 2023 CHICAGO, Jan. 12, 2023 (GLOBE NEWSWIRE) — More than four in 10 consumers go online or use an app when shopping for life insurance, according to a new TransUnion (NYSE: TRU) report. This is a significant shift as the vast … Read more

A number of New Insurance coverage Wins Broaden and Enhance Entry to Phexxi® for Tens of millions of Girls

— Medicaid improves Phexxi coverage for more than 3.7 million lives across 11 states — — Largest commercial insurer in Michigan and a marquis university plan in Pennsylvania move Phexxi to Preferred formulary position with $0 copay and no restrictions, affecting nearly 2.25 million lives in aggregate — SAN DIEGO, Jan. 9, 2023 /PRNewswire/ — … Read more

COMMERCIAL BANK OF TEXAS (CBTX) DIGITAL INSURANCE AGENCY SHATTERS COMMERCIAL INSURANCE SALES RECORDS

It’s a powerful confirmation that a bank is perfectly positioned to play the critical role of trusted insurance advisor to their business customers. Business owners are looking for trusted advisors to shop and buy their business insurance.” — Jeff Chesky, CEO and Founder, Insuritas EAST WINDSOR, CT, USA, December 14, 2022 /EINPresswire.com/ — In an … Read more

Underinsurance clause hits resort hearth declare cost – Each day – Insurance coverage Information

A hotel damaged by fire should have the claim payout for repairs reduced due to an underinsurance clause, the Australian Financial Complaints Authority (AFCA) has ruled, despite the complainant arguing the amount should be paid in full. The business, which had insured the buildings for $1 million, argued the insurer, Lloyd’s Australia Ltd, should pay … Read more

Tokio Marine : Strategic Funding in and Business Collaboration with bolttech (81KB

October 17,2022 Tokio Marine Holdings, Inc. Strategic Investment in and Commercial Collaboration with bolttech Aiming to Realize Global Expansion of Embedded Insurance Tokio Marine Holdings, Inc. (President and Group CEO: Satoru Komiya, hereinafter referred to as “TMHD”) and Singapore-based bolttech Holdings Limited (CEO:Rob Schimek, hereinafter referred to as “bolttech”), a technology leader in the Embedded … Read more

Verisk Creates the (Re)Insurance coverage Trade’s First Geolocation Answer for Industrial and Residential Danger Evaluation

BINS (Building Identification Numbering System) Provides Unique Identifiers for More than 125 Million Commercial and Residential Structures, Including Addresses with Multiple Buildings and Units, Helping Assess Risks with Improved Accuracy and Efficiency BOSTON, Oct. 11, 2022 (GLOBE NEWSWIRE) — Many insurers and reinsurers face challenges when assessing property risks for multiple buildings and units that … Read more

Blitz Tackles Rising Hashish Insurance coverage Market with Verisk Options

Specialty Insurance Carrier Uses Verrisk’s High-Quality, Small Commercial Analytics, Automated Rating Updates, and Enhanced Policy Language to Insure Cannabis and Other Emerging Businesses JERSEY CITY, NJ, Sept. 21, 2022 (GLOBE NEWSWIRE) — InsurTech startup Blitz is leveraging powerful underwriting insights, automated rating updates, and enhanced policy language from Verisk (Nasdaq: VRSK), a leading global data … Read more

Landlord not lined for unpaved driveway accident – Day by day – Insurance coverage Information

A homeowner will not be compensated for accidental damage to his unpaved driveway after a dispute ruling that it did not fall under the defined term of “building” covered by his landlord policy. The complainant lodged a claim after a delivery truck got bogged and damaged his gravel driveway as it tried to drive out. … Read more