American automotive company Tesla launched its very first car insurance in California last Aug. 28, 2019, offering up to 30 per cent lower rates.
CEO Elon Musk has made the announcement in a shareholders meeting last May that Tesla will...
In the past few weeks, numerous California-based insurers have dropped thousands of home insurance policies for homeowners living in wildfire-prone areas. Nearly 350,000 cases have been affected by the decision of these companies.
According to CBS San Francisco, the decision...
Philippine senator Francis N. Pangilinan suggested the mandatory insurance bill for essential crops. Manila Bulletin reports that the proposed law seeks to help farmers and their families when calamity strikes.
Also known as Senate Bill 35, the Expanded Crop Insurance...
Japan Post Co. confirmed last Wednesday, August 21, 2019, that it improperly sold an approximate number of 104,000 insurance policies in the United States. The insurance policies were made on behalf of the insurer’s partner in the country, Aflac...
Specialist insurance group Beazley rebrands its accident and health unit to Beazley Benefits to make the company meaningful for investors and customers.
Part of the rebranding initiative came from the management’s idea of providing solutions and value to their customers....
The Civil Aviation Authority of the Philippines (CAAP) recently went under fire for purchasing life insurance plans amounting to P500 million. The amount allegedly covers policies for 10 executives. However, reports say that CAAP’s action did not warrant approval...
Arch Insurance North America, a member of Bermuda-based Arch Capital Group Ltd., announced Thursday, Aug 15, it has entered into a definitive agreement to purchase Ventus Risk Management, an insurtech managing general underwriter (MGU) based in the U.S.
According to...
The state of Illinois is the first one in the country to require insurance companies to provide coverage for children in need of EpiPen injections.
Gov. J.B. Pritzker has signed legislation called House Bill 3435 which require companies offering health...
San Jose Mayor Sam Liccardo has proposed mandatory liability insurance for the city’s gun owners, following the three mass shootings recorded across the country over the week.
Under the said proposal, the liability insurance would cover any accidental or intentional...
German insurance giant Allianz Global Corporate & Specialty SE (AGCS) is set to launch a token-based ecosystem that will simplify cross-border insurance payments.
According to a report from The Block, the blockchain-based tokens, which will be pegged 1:1 to the...
