Live Insurance News

Maryland Insurance Professionals Face Stricter Standards

August 13, 2024August 12, 2024 H. Cutner

Protecting Maryland Consumers: A Closer Look at Stricter Penalties Starting October 1, consumers in Maryland will witness the implementation of more stringent penalties for unauthorized insurance activities. These legislative changes, introduced by the Maryland Insurance Administration, aims to protect consumers from fraudulent practices while ensuring that insurance professionals uphold the highest standards. Unauthorized Insurer Fines Soar: The fines for unauthorized insurers have substantially increased, with penalties rising from $50,000 to a maximum of $125,000. Higher Penalties for Dishonest Practices: Insurance producers and public adjusters indulging in dishonest or incompetent practices…

Warren Buffett Reveals the Irresistible Allure of the Insurance Game

August 11, 2024August 11, 2024 Nordstrom

The Insurtech Revolution in an Autonomous World During the May 2024 Berkshire Hathaway annual meeting, Warren Buffett, a titan of the investment world, shared his insights on the insurance industry, describing it as both intriguing and challenging. His reflections illuminate the industry’s timeless appeal and its unique model that thrives on receiving payments upfront while delivering coverage later. Yet, in an era where technological progress is reshaping industries, Buffett’s insights reveal how the insurance sector must adapt to new realities presented by emerging technologies like autonomous vehicles. The Timeless Appeal…

avô App Revolutionizes Workers’ Compensation Transport and Language Services

May 1, 2024May 1, 2024 PR Article

avô Transportation and Language Solutions has developed and launched an app for its traditional provider network that is set to transform the landscape of workers’ compensation transportation and translation services. This innovative platform mirrors the efficiency, reliability and transparency found in avô’s ride-share solutions, catering to the complete needs of workers’ compensation payers and patients. “The avô app is designed to optimize the assignment process for transportation and language providers in our traditional network, including specialized vehicles, long-distance trips and interpreter services,” said President Fred Schafer. “By leveraging cutting-edge technology,…

International Industry Leaders Convene at Global Insurance Symposium

June 4, 2023 PR Article

The premier three-day event featured industry-shaping insights for attendees The 2023 Global Insurance Symposium brought together industry and regulatory leaders from around the world for three days of collaboration, networking and learning in Des Moines, Iowa, – the hub of the US insurance industry. With the theme of “Thriving in a Changing World,” 500 attendees participated in relevant panels, networking opportunities, breakout sessions and more, gaining valuable insight and direction. “The Global Insurance Symposium offered industry expert speakers and attendees the ideal setting for collaborative efforts as we to continue…

2023 Global Insurance Symposium Announces Event Headliners

March 3, 2023 PR Article

Des Moines, Iowa, March 3, 2023: International leaders in insurance, technology and government will convene at the 2023 Global Insurance Symposium, to be held in Des Moines, Iowa, on April 18-20. The Symposium’s speakers and panelists will offer industry-shaping insights on new ideas and challenges facing insurance, insurtech and startup companies as well as regulators during this preeminent event. “We are excited to welcome some of the most prominent names and thought leaders within the global insurance industry as headliners at this year’s event,” said Greater Des Moines Partnership President…