Author: insurancejournalnews

Advanced Driver Assistance Systems can decrease the risk of crashes, but they can also increase insurance rates due to high repair costs.

Governor Gavin Newsom signed two bills aimed at protecting pet owners and improving animal welfare, including reforms to the pet insurance industry and support for spay and neuter services.

The Tax Court ruled in favor of the taxpayer in Estate of Becker, reinforcing the effectiveness of Irrevocable Life Insurance Trusts (ILITs) when properly established. The decision clarifies the application of the ‘step transaction doctrine’ and highlights the importance of meticulous planning to avoid estate tax liabilities on life insurance proceeds.

Premiums for Florida single-family homes increased 12% and condo insurance rose 7% from 2023 levels.

Spot Pet Insurance has launched a new advertising campaign that uses humor to educate pet owners on the value of pet insurance, with the potential for up to 90% cash back on eligible vet bills.

Resolution Life and Protective, a US subsidiary of Dai-ichi Life Holdings, have entered into a significant reinsurance agreement covering structured settlement annuities and life insurance business.

MSIG USA partners with MSIG Singapore and MSIG Hong Kong to provide tailored risk management solutions in Asia.

AIA Group reports strong growth in new business value and announces a share buyback plan, expressing confidence in its ability to navigate current geopolitical challenges.

Premiums for single-family homes increased 12%, while condo insurance rose 7% from 2023 levels.

Navigate Canada’s mortgage market with expert advice. This guide provides daily updates on top mortgage rates, understanding qualification factors, and negotiating strategies to minimize borrowing costs.