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Results for "Insurers"

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Businessbloomberg15d ago

US Insurance Stocks Rally Amid AI Concerns

US insurance-related stocks rallied, pushing an industry gauge to a record high, as concerns over artificial intelligence drove traders towards more defensive parts of the market.

US Authorities Investigate Mark Walter's Insurance Empire
BusinessFTzerohedge22d ago2 sources

US Authorities Investigate Mark Walter's Insurance Empire

Federal prosecutors in the US are investigating insurance companies owned by billionaire Mark Walter, focusing on potential issues with asset disclosures. The probe targets Walter's extensive insurance empire, including Guggenheim.

BusinessFT23d ago

UK pension insurers increase exposure to private credit

UK pension insurers are reportedly increasing their exposure to opaque private credit, prompting warnings from S&P about the hard-to-price private assets that now constitute over 10% of portfolios at major firms like L&G, Standard Life, and Just Group.

NAICOM Bars Insurers with Outstanding Claims from Relicensing
Businessvanguard-ng1mo ago

NAICOM Bars Insurers with Outstanding Claims from Relicensing

The National Insurance Commission (NAICOM) announced that insurance companies with outstanding claims will not be relicensed as part of the ongoing recapitalization efforts. This directive aims to ensure that only financially stable and responsible insurers continue to operate in the market.

Cross-Border Medical Records to Improve Healthcare Quality
Businessla-vanguardia1mo ago

Cross-Border Medical Records to Improve Healthcare Quality

The ability for medical records to cross national borders is expected to significantly improve the quality of healthcare, according to Luisa Bautista, head of the Health area at Accenture Spain, who discusses the challenges for insurers in collecting health data.

Iran Reaffirms Hormuz Strait Closure Until US Meets Demands
PoliticsbloombergNYTAl Jazeera+14The Independentn1-serbiaobservadorYahoohotnewshindustan-timescyprus-mailiefimerida+6 more23h ago17 sources

Iran Reaffirms Hormuz Strait Closure Until US Meets Demands

Iran has reiterated its firm stance that the Strait of Hormuz will remain closed unless the United States accepts all of its conditions. This declaration comes amidst heightened tensions and ongoing discussions about the strategic waterway.

Prudential Shares Fall on Report of China Taxing Offshore Insurance
Worldbloombergchannel-news-asia6d ago2 sources

Prudential Shares Fall on Report of China Taxing Offshore Insurance

Shares of Prudential and other Hong Kong insurers tumbled following reports that China plans to impose taxes on returns from offshore insurance policies. This potential tax change has sparked concerns among investors and the insurance industry.

Portuguese Insurers Pay Out Over €810 Million for Storm Claims
Financeobservador15d ago

Portuguese Insurers Pay Out Over €810 Million for Storm Claims

The Portuguese Insurers Association (APS) announced that over 810 million euros have already been paid out for storm-related insured claims, totaling 1.4 billion euros. The global settlement rate stands at approximately 90%, with more complex cases still under review.

Red Sea Tensions Escalate as Houthi Attacks Target Saudi Arabia and Shipping
WorldBBCbloombergNYT+40FTThe GuardianAl Jazeeradr-dknzzruvtagesschaufaz+32 more18d ago43 sources

Red Sea Tensions Escalate as Houthi Attacks Target Saudi Arabia and Shipping

Tensions in the Red Sea have escalated with Houthi rebels claiming missile attacks on Saudi Arabia, some of which were intercepted by Greek Patriot systems. This comes as shipping in the region faces increased threats, with tankers altering courses to avoid Houthi-controlled chokepoints.

France Shifts Healthcare Reimbursements to Mutuelles
Businessle-figaro19d ago

France Shifts Healthcare Reimbursements to Mutuelles

French Health Minister Stéphanie Rist announced new draft decrees to transfer more healthcare reimbursement costs from state health insurance to private complementary health insurers (mutuelles), particularly for dental consultations, medical transport, and less effective medications.

Mark Cuban Warns AI Could Worsen US Healthcare
TechnologyBusiness InsiderYahoo1mo ago2 sources

Mark Cuban Warns AI Could Worsen US Healthcare

Mark Cuban has expressed concerns that artificial intelligence could exacerbate issues in US healthcare by fueling an 'arms race' with insurers. He suggests AI's rapid advancement might lead to negative outcomes in the sector.

Man Dies in Car Accident While Showing New Vehicle
Politicsirish-independent1mo ago

Man Dies in Car Accident While Showing New Vehicle

A man named Derek Monaghan died when his new car unexpectedly took off and hit a tree while he was showing it to his mother-in-law, leading to a family settlement against his mother-in-law and the Motor Insurers’ Bureau of Ireland.

Debate on Health Insurer's Role in Treatment Plans
Businessmarketwatch1mo ago

Debate on Health Insurer's Role in Treatment Plans

An article discusses the appropriate roles of health insurers, doctors, and AI in determining patient treatment plans, advocating for clinicians and AI-driven tools to make better decisions based on full health history.

US States Target PBMs to Lower Drug Prices
PoliticsThe Independent1mo ago

US States Target PBMs to Lower Drug Prices

Legislators across the U.S. are attempting to reduce prescription drug costs by regulating the large companies, known as Pharmacy Benefit Managers (PBMs), that handle drug coverage for health insurers.

Incoming NIA Chairman Unveils Strategic Agenda
Businessvanguard-ng1mo ago

Incoming NIA Chairman Unveils Strategic Agenda

Mrs. Ebelechukwu Nwachukwu, the incoming Chairman of the Nigerian Insurers Association (NIA), has outlined a three-pronged agenda focusing on collaboration, public trust, and regulatory compliance.

Lithuanian Insurers Warn of Increased Accidents in Summer
Politicsdelfi-lt2mo ago

Lithuanian Insurers Warn of Increased Accidents in Summer

Insurers in Lithuania are warning that while many associate the most dangerous driving conditions with winter, their data shows an opposite trend, with the most traffic accidents recorded during the warmer months due to increased intensity and travel.

Nigerian Government Addresses Financial Issues and Insecurity Concerns
WorldndtvPremium Timespunch-ng+1vanguard-ng2mo ago4 sources

Nigerian Government Addresses Financial Issues and Insecurity Concerns

The Nigerian government has cleared five-month allowance arrears for lecturers and is deploying surveillance aircraft to combat insecurity, while a court voided a N110bn vote for National Assembly vehicles and allowances. Equity investors also experienced significant losses as the market uptrend reversed.

Muslims Worldwide Celebrate Eid al-Adha Amid Calls for Unity and Sacrifice
CultureAPThe GuardianAl Jazeera+48tagesschaumorgunbladiddeloThe Independentindex-hr24urjutarnji-listTimes of India+40 more2mo ago51 sources

Muslims Worldwide Celebrate Eid al-Adha Amid Calls for Unity and Sacrifice

Muslims globally celebrated Eid al-Adha with prayers, family meals, and outings, while leaders in various countries urged tolerance, unity, and sacrifice. The celebrations were notably impacted in some regions by high costs of rams and blockades affecting sheep supply.

Trump-Backed Candidate Wins Kentucky Primary, Bolstering Party Grip
WorldAPReutersBBC+67bloombergNYTwsjFTwapoThe GuardianNPRAl Jazeera+59 more2mo ago70 sources

Trump-Backed Candidate Wins Kentucky Primary, Bolstering Party Grip

A Trump-backed candidate secured victory in the Kentucky Republican primary, defeating incumbent Thomas Massie and further solidifying former President Trump's influence over the Republican Party. This outcome was part of a broader election day that saw various primary races across several US states.

Nigerian Financial Sector Addresses Cybersecurity, Ponzi Schemes
PoliticsAPdelfi-ltirish-times+4Premium Timespunch-ngvanguard-ngmyjoyonline2mo ago7 sources

Nigerian Financial Sector Addresses Cybersecurity, Ponzi Schemes

Nigerian financial institutions are racing to meet a new CBN cybersecurity standard, while the Securities and Exchange Commission warns citizens against a rise in Ponzi schemes on social media. These efforts are part of broader regulatory oversight in the country's financial sector.

Thessaloniki Police Uncover Major Fraud Ring
Worldnaftemporiki2mo ago

Thessaloniki Police Uncover Major Fraud Ring

Greek police have exposed a fraud ring operating in eastern Thessaloniki, which defrauded citizens by impersonating accountants, insurers, and utility employees, with their illicit gains exceeding 150,000 euros.

Albanian Insurers Discuss Natural Disaster Protection
Worldbalkan-web3mo ago

Albanian Insurers Discuss Natural Disaster Protection

The Head of the Albanian Insurers Association, Hajdarmataj, stated that insurance should not be viewed solely as a financial product, emphasizing the importance of state partnership for protection against natural disasters.

Kazakhstan Hosts Berne Union Forum
Financeastana-times3mo ago

Kazakhstan Hosts Berne Union Forum

Kazakhstan is hosting the Spring Meeting of the Berne Union, the world’s largest association of export credit and investment insurers, for the first time.

Slovak Health Insurance Companies Report Profitable First Half
Businessaktuality-sk12h ago

Slovak Health Insurance Companies Report Profitable First Half

All three health insurance companies operating in Slovakia concluded the first six months of the year with a profit, with Dôvera reporting the highest economic result. The Office for Health Care Supervision confirmed that the insurers are meeting their obligations to hospitals.

Businesspunch-ng16d ago

NAICOM and NIA Endorse Lagos Building Insurance Scheme

The National Insurance Commission (NAICOM) and the Nigerian Insurers Association (NIA) have endorsed the new Lagos Building Insurance Scheme, providing regulatory support and emphasizing its role in protecting lives and property.

India Plans Common Customer ID for Financial Services
BusinessYahoo19d ago

India Plans Common Customer ID for Financial Services

India is reportedly preparing to introduce a common customer identification system for banks and insurers, with mutual funds expected to adopt it later, aiming to streamline financial transactions and enhance regulatory oversight.

Chubb Stock Analysis: Is the Insurer a Bargain?
BusinessYahoo24d ago

Chubb Stock Analysis: Is the Insurer a Bargain?

A financial analysis examines Chubb's stock performance, noting it trades at just 12 times earnings, significantly below the broader market, and questions if one of the world's largest insurers represents a bargain.

New Federal Rule Shifts Roof Replacement Costs to Homeowners
Businessmarketwatch1mo ago

New Federal Rule Shifts Roof Replacement Costs to Homeowners

A new federal rule has led insurers to transfer roof replacement costs onto homeowners, potentially forcing them to choose between filing a claim that could raise premiums or paying for repairs out-of-pocket, especially with hail and hurricane season approaching.

Trump Walks Out of NBC Interview After Being Challenged on Election Claims
WorldbloombergNYTFT+53wapoThe GuardianAl JazeeraFox Newsyle-uutisetcnbcaftonbladetsvenska-dagbladet+45 more2mo ago56 sources

Trump Walks Out of NBC Interview After Being Challenged on Election Claims

Donald Trump abruptly ended an interview with NBC's Kristen Welker after being pressed on his false claims of election fraud and other contentious topics. The former president accused the network of bias and dishonesty before walking off the set.

UK Drivers Face Insurance Challenges for Chinese Electric Vehicles
BusinessThe Guardian2mo ago

UK Drivers Face Insurance Challenges for Chinese Electric Vehicles

Research indicates that UK insurers are reluctant to provide coverage for certain Chinese hybrid and electric vehicles (EVs), such as Jaecoo models, or charge significantly higher premiums compared to petrol cars. This poses a challenge for drivers opting for these vehicles.