Author: insurancejournalnews
The Finance Minister has introduced a bill to exempt motor vehicle insurance from VAT, aiming to ease the financial burden on motorists and boost insurance uptake.
The National Association of Insurance Commissioners (NAIC) is set to convene its new Risk-Based Capital (RBC) task force at its spring meeting, with discussions also centered on data calls and asset adequacy testing. The meeting will outline priorities for the coming year.
John Vedder, regional president at Bridge Specialty Group, discusses the evolving role of wholesale brokers in the specialty insurance market and the importance of knowledge, speed, and innovation.
The US property and casualty (P&C) insurance sector saw a significant turnaround in 2024, generating substantial profits after a challenging 2023. This recovery was fueled by premium growth, improved loss control, and strategic adjustments in the face of persistent economic and environmental pressures.
A new bill in Montana that redirects insurance tax revenue could stifle innovation in the state’s insurance sector.
The state is aligning its regulations with national standards to strengthen insurer solvency.
The New Jersey Department of Banking and Insurance is proposing new regulations to strengthen oversight of life insurance companies.
Small businesses are struggling to maintain employee benefits and invest in growth due to escalating health insurance premiums.
Small businesses across the United States are grappling with escalating health insurance costs, forcing difficult decisions about employee benefits, hiring, and long-term investments.
The Woodlands Financial Group (TWFG) is expanding its reach, finding new market opportunities and navigating challenges in the property insurance sector, according to CEO Gordy Bunch.