Live Insurance News

Turkey to require proof of insurance from oil tankers

November 23, 2022November 23, 2022 Angela Linders

This move is expected to add bite to the sanctions from the international community against Russia. Turkey has announced that it will begin requiring that oil tankers making their way through the Bosporus shipping strait must provide proof of insurance. This step could prove challenging to the massive crude exports coming from Russia. Ships carrying crude through that waterway will need to present an official insurer’s letter. The oil tanker proof of insurance will need to state that the insurer is willing to provide adequate coverage for that specific vessel,…

Voluntary Advantage is bringing the Voluntary Benefits industry together

November 21, 2022 PR Article

November 21, 2022 / Denver, Colorado – Voluntary Advantage is a newly formed entity that has been created to bring the Voluntary Benefits industry together and promote innovation and the open share of ideas, strategies, and information. Voluntary Advantage was founded by Trevor & Heather Garbers and will publish a monthly magazine titled “Voluntary Benefits Voice” which will feature articles on important topics in our industry today including: trends, compliance, strategies, carrier news, product releases, and more. The Voluntary Advantage website (www.voluntary-advantage.com) will publish a Calendar of Events sharing information…

Insurance Services For Businesses

November 17, 2022December 8, 2022 Guest Author

Insurance is one of the most critical aspects of running a business. It protects your company’s assets and employees, and can help cover the costs of unforeseen events. There are many different types of insurance policies available, and it’s important to choose the right coverage for your business. Property insurance protects your business in the event of damage to or loss of your property, such as your office or inventory. Liability insurance protects your business from claims arising from injuries or damage caused by your business, its employees, or its…

Berkshire Hathaway Specialty Insurance loses billions H1 2022

August 26, 2022August 15, 2022 Logan B.

Berkshire Hathaway Specialty Insurance - Billions in losses

Global insurer BHSI has revealed that it has suffered deep losses in both the second quarter and first half. Berkshire Hathaway Specialty Insurance has revealed its second quarter and first half financial results for 2022, showing that it had lost billions during those spans of time. The insurer stated that its net loss attributable to shareholders totaled $43.8 billion in the Q2 2022. Berkshire Hathaway Specialty Insurance lost $43.8 billion during the second quarter that ended on June 30. That said, its attributable net losses for the first half of…

Where can I find the best extended car warranty?

August 16, 2022 Guest Author

If you’re like most drivers, you probably don’t think about car warranties until something goes wrong. And when something does go wrong, it’s usually not a small problem. A broken engine, a blown tire – these can be expensive to fix without the right coverage. That’s why the best extended car warranty can be such a valuable investment. Decide if an extended car warranty is right for you Before your car’s manufacturer’s warranty expires, you’ll have to decide if you want to purchase an extended warranty. Also called a vehicle…

Federal judge likely won’t stop San Jose gun insurance law

July 21, 2022July 20, 2022 Nordstrom

This first of its kind measure in California will require firearm owners to purchase liability coverage. Despite expressing certain misgivings about a San Jose, California city ordinance requiring gun insurance for firearm owners, she indicated that she is unlikely to stand in its way. The judge expressed reservations about the component requiring firearm owners to pay a certain fee. US District Judge Bet Labson Freeman in San Jose stated at a video-conference hearing that it was not her belief that the gun insurance law implicated the US Constitution’s Second Amendment.…

Insurance rates spike for businesses with exposures to the Russian war in Ukraine

June 1, 2022May 31, 2022 G. Turner

Premiums have doubled or more for certain companies most affected by risks from the conflict. Insurance rates for businesses with exposures to the Russian invasion of Ukraine have doubled or more. This is particularly true of shipping firms and certain airlines. Throughout the first quarter of 2022, global commercial coverage premiums rose by 11 percent. The 11 percent insurance rates increase was announced by broker Marsh, which said that the Russian war in Ukraine was placing upward pressure on the premiums businesses are paying. That said, the overall hike in…