Author: Nordstrom

Businesses turn to tax insurance to cover themselves from unfavorable rulings

Nordstrom
Tax insurance - Business People

Underwriters and brokers are seeing their busiest year ever from companies buying these policies. Governments worldwide have been cracking down on companies that have been avoiding their taxes, and businesses are now buying tax insurance more than ever before in order to protect themselves against a costly dispute or unfavorable ruling. This year has proven to be a record-breaking year for the number of policies purchased for this reason. According to brokers and underwriters, by the close of December, this year will have seen the most tax insurance policies. This…

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Texas auto insurance rates are climbing because of lousy drivers and expensive repairs

Nordstrom
Auto insurance - Angry Driver

The Insurance Council of Texas released a statement about climbing premiums for Texan motorists. The Insurance Council of Texas recently released a statement to explain the rapidly rising auto insurance rates in the state that have been occurring since 2021. There have been several issues that have contributed to climbing premiums, but crashes top them. According to the community director of communications and public affairs for the council Rich Johnson, insurers have been slowly increasing their auto insurance rates since 2021. That year saw a substantial 20 percent increase following…

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German regulator mislead by Greensill on insurance deal, says IAG

Nordstrom
Insurance deal - Mislead - keyboard button

According to the accusation, the dupe was mean tot help reduce the unit’s capital requirements. One of Greensill Capital’s insurers has alleged that the failed lender duped German regulators regarding an insurance deal in an effort to try to shrink its Bremen-based unit’s capital requirements. Greensill investors are currently suing the Insurance Australia Group (IAG) as they face billions in losses. The investors have accused defunct Greensill supply-chain finance group of hiding that it did not have the insurance deal in place that they were led to believe. Instead, the…

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New active cyber insurance launched by Coalition in Australia

Nordstrom
Cyber Insurance - Australian Flag

Allianz Australia is providing the capacity for this new business solution for digital protection. Coalition, a company that defines itself as the first provider of Active Insurance in the world, has announced the launch of its new cyber insurance solutions in Australia. The solutions are composed of a suite of digital risk products that complement its prevention services. The cyber insurance product is more than simply a transfer of risk. It is differentiating itself by working with organizations so that they will better understand their own risk profiles. This will…

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What is the homeowners insurance 80/20 rule everyone is talking about?

Nordstrom
Homeowners insurance - What is the 80-20 rule

It seems that everyone agrees that this is a solid strategy, but what exactly is it referring to? Trying to purchase the ideal homeowners insurance coverage can easily feel overwhelming, as there is a great deal to take into account, and most people don’t have a tremendous amount of experience in all its intricacies. The coverage is meant to protect you financially against home damage, burglaries or liability. The 80/20 rule is a strategy meant to help simplify that process and ensure that the right amount of homeowners insurance coverage…

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