Latin America’s Insurance Industry Braces for Rare ENSO Climate Impact

Marc
ENSO - Impact El Nino - Latin America

Latin America is bracing for a unique climatic phenomenon that could significantly impact its insurance sector. Experts from the Swiss Re Institute have highlighted the necessity of both adaptation and mitigation to increase resilience against severe weather events prompted by the El Niño-Southern Oscillation (ENSO) cycle. This cycle, predicted to shift rapidly between its phases, presents a substantial challenge to the region’s ability to protect itself from the resulting disruptions. The Phenomenon of ENSO El Niño and La Niña Explained The El Niño-Southern Oscillation (ENSO) is a climate pattern that…

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Health insurance access boost on its way to DACA immigrants

H. Cutner
Health insurance - US Government - Health care

The Biden administration has expanded availability for those in Deferred Action for Childhood Arrivals. The Biden administration has announced that expanded health insurance access will be rolling out for participants in the Deferred Action for Childhood Arrivals (DACA) program. The announcement was made from the White House This health insurance announcement for DACA program members addresses a sensitive issue and has arrived at a time when elections are approaching.  This move will open up the ability to enroll in coverage under the Affordable Care Act for about 100,000 people who…

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Allstate’s auto insurance app users have 25 percent fewer severe crashes

Marc
Auto insurance - 25% less serious accidents

The insurer’s research showed that its Drivewise app customers are safer behind the wheel The Allstate auto insurance Drivewise app is no longer anything new, and customers across America are using it to help ensure that the premiums they pay are based on their habits, in the hopes of saving money. According to the insurer, those drivers are also safer drivers The insurer provides its customers with the choice to opt in to use its auto insurance app, which offers safe driving support and tracks general vehicle use behaviors.  Allstate…

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State Farm shares affordable wildfire protection tips for home insurance customers

G. Turner
Home insurance - Wildfire Protection Tips

The blazes have become more frequent in recent years and are leading to substantial damage. May is Wildfire Preparedness Month, and in the spirit of this time before the blazes typically start for the year, State Farm has provided homeowners with ways they can help to protect their homes and properties within a limited budget. In 2023, 2.6 million acres were burned by 56,000 wildfires in the US alone Last year, over 4,300 homes and commercial structures were destroyed by wildfires in the US, according to data released by the…

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This year to be a period of auto insurance rate increases

Marc
Auto Insurance rates - not affordable

After years of rising price trends in much of the country, 2024 is likely to continue the trend The price of everything appears to be continuing to rise, and many experts predict that auto insurance rates will be among those increasing prices consumers must face. Coverage since the pandemic has steadily become more expensive The cost of auto insurance depends on several factors, including everything from an individual’s driving record to the type of vehicle they drive, and a number of other elements depending on the state in which they…

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