Tag: Allianz

Long term care insurance premiums allowed to rise 75 percent in Texas

Julie Campbell
caregiver long term care insurance senior

Regulators in the state have given permission for the increase to stand, frustrating some consumers. The Texas Department of Insurance is taking fierce criticism from two families regarding the 75 percent increase that was allowed to stand for premiums being paid for long term care insurance coverage in the state. The question that they has raised is whether the department is on the side of the customer or the insurance industry. They have also asked about the true power of the agency and whether it actually has the power to…

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Industrial insurance on the rise due to cyber threats

Julie Campbell
industrial insurance

This, according to a recent announcement made by Allianz, the largest insurer in Europe. Allianz, the biggest insurer in Europe, has just revealed that its analysis of Eastern Europe, Asia, and Brazil is experiencing an increase in cyber threats and that this is driving industrial insurance revenue. The insurer, based in Munich, has determined that this unit will experience growth from this risk. According to chief executive officer, Axel Theis, of Allianz’s Allianze Global Corporate & Specialty industrial insurance unit, “New products such as cyber-risk protection and coverage for renewable-energy…

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Insurance industry of Brazil sees promising growth potential

Marc
Brazil Insurance Industry

Allianz predicts Brazilian insurance industry will see significant growth this year Allianz, Europe’s largest insurance organization, has high hopes for the insurance industry in Brazil. The country boasts of one of the most promising insurance markets in the world, partly due to an expanding economy and the relatively low number of natural disasters it has seen over the past year. Brazil has begun investing heavily in its infrastructure, especially where electrical power is concerned. The country has been showing strong support for renewable energy, but still maintains a reliance on…

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Climate change threatens insurance industry

S.Vagus
Natural Disaster damage insurance trends

Climate change may be a significant problem that cannot be ignored Natural disasters are nothing new to the world. Countries have been battered by floods, hurricanes, earthquakes, volcanic eruptions, and other catastrophes since before they were officially countries. In the world of business, few industries are so well acquainted with natural disasters as the insurance industry. The industry, as a whole, is well versed in the monitoring of weather patterns and has been able to accurately predict the impact an effects of several natural disasters around the world. According to…

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Advocates of Holocaust insurance claim seek to draw Obama’s notice

Three quarters of a century after the murder of family members in the Nazi death camps, Holocaust survivors continue their battle with insurance companies to have their money returned to them, and the Holocaust Survivors Foundation USA hoped to draw the attention of Obama to the cause, in Miami during his visit. Insurance companies that include AXA, Allianz, and Generali all continue to refuse to hand over payments for the insurance policies of holocaust survivors – and the descendents of those who had been sent to the death camps – unless…

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