Category: Latest Insurance News Articles

The latest headlines, on all lines of insurance, will be updated and listed here.

Should Your Small Business Invest In PR: Here Are 5 Reasons To Do So

Guest Author
Should Your Small Business Invest In PR: Here Are 5 Reasons To Do So

Operating a small business is not at all an easy task. You only get a limited budget, time, and resources in order to get all the stuff done and eventually grow your business. You need to calculate the outcome before spending money on anything. The scenario is also the same for PR for individuals.  Most small business owners do not consider PR. But it is really important to invest in public relations in order to get the attention of the public. Apart from this, as a result of utilizing PR…

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UN Secretary General Guterres warns of insurance industry “race against time”

Marc
Insurance industry - climate change - time

A plea for action was made during the virtual Insurance Development forum closing remarks. In UN Secretary-General António Guterres’ closing remarks at the Insurance Development Forum held virtually earlier this week, he asserted that the insurance industry is in a “race against time” to make the adaptations necessary for adapting to the speed of climate change. As the climate continues to change rapidly, the risks are altering their shape, size, and frequency. According to Guterres, carbon neutrality worldwide must be achieved within the next thirty years, global finance needs to…

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Does usage-based car insurance require more oversight in the US?

Nordstrom
Usage-based car insurance - man studying report

A report by the Consumer Federation of America calls for state regulators to keep closer tabs. The Consumer Federation of America has published a report strongly urging regulators across the United States to apply greater oversight to usage-based car insurance. These programs use telematics to measure policyholder driving habits and apply discounts for safe behaviors. The consumer advocacy group has been pushing state regulators to take this step with usage-based car insurance programs while adopting a number of other consumer protections. It sought to have those regulators apply greater scrutiny…

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How Insurance Can Encourage Farmers to Mitigate Climate Change Risks

Guest Author
How Insurance Can Encourage Farmers to Mitigate Climate Change Risks

The sweeping impacts of climate change impact farmers at significant rates. As a result, insurance companies take a hit as well. For example, when nearly 20 million acres of farmland flooded in the American West, it initiated $4 billion in payouts from a federal crop insurance program. Because of disasters like this, farmers are coming around on the importance of mitigating the impacts of climate change to protect their own livelihoods. Insurance companies can help farmers make beneficial sustainability choices by helping those in the agriculture industry understand their impact…

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A3logics envisioned tech stacks for secure and scalable future development

PR Article
A3logics envisioned tech stacks for secure and scalable future development

Powerful API integrated solutions, Augmented customer 360 management solutions, and technology integrated mobility solutions for A3logics customers. A3logics, a leading IT professional services provider, reported entering into a new development approach by adopting the innovative and demanding technology stack. To accelerate digital transformation and reap massive time efficiencies, A3logics realized the need for an integrated solution around EDI integration and other platforms. As this transformation was in the process to roll out across operations, A3logics expected increased and improved efficiency. What Affected the Introduction To This Change?  As an integrated…

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Business owners insurance is an entrepreneur’s best friend

Logan B.
Business Owners Insurance - Open sign on shop door

This coverage is ideal for most small and medium sized companies and can be easily bundled. Business owners insurance is a combination of different policies that cover small and medium sized companies. Carriers create these bundles to provide just the type of protection businesses of this size require, as large corporations require coverage with far greater complexity and customization. Also known as business owners policy (BOP), it is multiple coverages in a single package. Business owners insurance usually contains the following types of coverage, all contained within a single bundled…

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Central Pacific Hurricane Season has started, so it’s policy review time

G. Turner
Central Pacific Hurricane Season - Approaching storm

Insurance companies in Hawaii are reminding homeowners to ensure they’re covered. The Central Pacific Hurricane Season has begun, and Hawaii insurers are reminding homeowners to make sure they have adequate insurance coverage. The state insurance commissioner has also reminded owners and renters to review their policies. Reviewing a policy at least once per year to ensure that coverages and exclusions are appropriate for covering a homeowners property and possessions is highly recommended. Hawaii Insurance Commissioner Colin Hayashida has reminded state residents of the importance of this annual practice, particularly as…

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