Author: insurancejournalnews
The impact of the recent California wildfires is rippling through the property insurance market, leading to higher premiums, stricter policies, and fewer coverage options for homeowners.
As California’s insurance commissioner considers State Farm’s request for emergency rate increases, the company and a consumer group present their opposing arguments.
Bajaj Finserv announces the acquisition of Allianz SE’s stake in its insurance ventures, increasing its ownership to 100%.
A federal judge in Florida has denied State Farm’s motion for summary judgment in a case concerning insurance coverage for a car accident, emphasizing the potential legal significance of certificates of insurance.
Allianz has agreed to sell its stakes in its Indian non-life and life insurance joint ventures to Bajaj Finserv.
Bajaj Finserv will acquire the 26% stake held by Allianz SE in their joint insurance ventures, marking the end of a two-decade partnership.
Amwins Specialty Casualty Solutions (ASCS) has introduced a new insurance program designed for municipalities, schools, and other public entities, offering comprehensive liability and workers’ compensation coverage.
Mutual Capital Group (MCG) has finalized its acquisition of ICC Holdings (ICCH), the parent company of Illinois Casualty Company, in a deal valued at approximately $73.8 million.
Millions of Californians are struggling with escalating health insurance costs, with premiums growing much faster than inflation, impacting both families and small businesses.
Experts caution policyholders to do their homework and seek professional advice before selling their life insurance policies.