Insurance news covering health, life, auto, and property insurance, insurance regulations, and industry trends.
The article explains the life settlement industry, where investors purchase policies to collect death benefits. It traces origins to AIDS-era viatical settlements and details how older adults sell policies for cash while Wall Street firms profit from mortality.
The Nature Conservancy's $2 million policy triggered its first payout of $200,000 following Hurricane Lala. The parameter-based insurance activated due to 80 mph winds, with funds designated for debris removal and coral reattachment off the Kona coast.
Probes into financial improprieties at two of Mark Walter's insurance companies are putting pressure on the billionaire's financial empire. Walter is working to satisfy regulators following the investigations.
Hawaii Public Adjusters president Lisa Joslin argues that policyholders should hire independent public adjusters to advocate for their interests rather than relying on insurance company staff. The group advises immediate reporting, temporary repairs, and meticulous documentation of damage to navigate claims effectively.
The National Council on Compensation Insurance recommended a 7.4% average reduction in Florida workers' compensation rates effective January 1, 2027. The decrease is driven by fewer lost-time injury claims, marking the tenth consecutive year of declining rates for state employers.
USA Today reviews and ranks the top home warranty companies for 2026, identifying affordable options like 2-10 Home Buyers Warranty and American Home Shield. The article advises homeowners to compare costs, coverage limits, and service fees to find plans that balance affordability with comprehensive protection.
The Wall Street Journal identifies Spot as the top pet insurance provider in Hawaii, citing competitive rates and comprehensive coverage options. The analysis highlights ASPCA, Figo, MetLife, and Pumpkin as strong alternatives, noting average monthly costs for dogs and cats in the state.
The article outlines various life insurance death benefit payout options, including lump sums, retained-asset accounts, and income streams. It advises beneficiaries to evaluate their financial needs, tax situations, and liquidity requirements before selecting a distribution method to optimize long-term financial outcomes.
Gallagher Re has established a new Digital Risk Practice to help insurers manage technology-related risks, including AI liability and data center exposures. Ian Newman leads the global initiative, with Freddie Scarratt and Luca Drane appointed as specialists in their respective fields.
The Financial Times Lex column argues that the growing wealth in Asia provides a protective buffer for insurance companies against policy shifts in China. It suggests that regional economic strength mitigates risks associated with Chinese regulatory changes, offering a stable outlook for insurers operating in the area.