Ayshea Buksh, a Dagenham resident affected by the Spectrum Building fire, shared her anguish stating that receiving no answers about the fire has left her without justice. She expressed the emotional toll of seeing her former home in ruins and emphasized the financial burden, estimating losses over £100,000 in possessions without contents insurance. Moreover, residents collectively face millions of pounds in costs related to the fire, which they emphasize was not their fault.
The commercial auto insurance industry has long struggled to adapt to the rapidly evolving on-demand economy, leaving millions of rideshare and delivery drivers underserved by traditional providers that weren't designed for their unique needs.
Great Eastern Holdings Ltd. shares will continue trading in Singapore after insufficient shareholder support for a delisting plan previously backed by OCBC. 63.5% voted for the delisting, missing the required threshold.
"Manufactured homes have always been expensive to insure. Despite being, on average, half the size of a traditional single-family home, premiums are often comparable or even higher."
Drivers have experienced a significant rise in motor insurance premiums, which increased more than 8% in the year leading up to May. Repair costs have escalated due to a 23% increase in settling claims in just the first half of last year, as reported by the Central Bank. The Alliance for Insurance Reform warns that these rising claims could lead to even higher premiums.
Max Financial Services announced that its insurance subsidiary, Axis Max Life Insurance, received an anonymous communication regarding unauthorized access to customer data. A security assessment is being conducted.
Wall Street hedge funds are legally offering to buy subrogation claims from insurers against Edison in the wake of the devastating Eaton fire, raising alarm among state officials.
In many insurance transformation initiatives, every team begins by modeling the interface, which involves writing stories for forms, APIs, or dashboards. Legacy systems don't behave on the interface level, though. They act at the process level.
This exciting partnership ensures that employers can provide their people with financial protection solutions that comprehensively cover the areas that are important to them.
Verily's acquisition of its stop-loss insurance subsidiary to Elevance Health strengthens its financial position and allows reinvestment towards strategic AI priorities.
After my friend couldn't board her flight to Colombia due to vaccination requirements, I canceled our plans and opted for a last-minute solo trip to Hawaii.
Interaction is by far the biggest driver of loyalty with our customers," Aleksandar VidoviÄ, the CEO of Zurich's AI and analytics company, ZCAM, told Business Insider.