Singapore DBS Bank announced on Monday, Feb. 17, that it would be collaborating with Chubb Insurance Singapore to offer enhanced coverage for the COVID-19 outbreak. The bank offers the new insurance product to its five million customers in Singapore that...
The United Kingdom, which was devastated by Storm Ciara earlier this month, is anticipating insurance claims amounting up to £200 million. The Guardian cited a PricewaterhouseCoopers report which estimated the potential damage of the recent rains, which is expected...
China urges its government and big names in the industry to provide cheaper health coverage amid the growing threat of the coronavirus. According to Reuters, insurers are expected to provide more policies at more affordable rates with faster approval...
Democratic State Senator from Long Beach, California Lena Gonzalez announced last Tuesday, February 12, 2020, the proposal of the Equal Insurance HIV Act. The act reportedly calls for equal coverage as well as abolishing discriminatory practices against individuals with...
Bermudian-based Fidelis Insurance announced Tuesday, Feb 11, it has managed to raise about $300 million of equity capital from both its existing shareholders and a wholly-owned subsidiary of the Abu Dhabi Investment Authority.  In a press release, the insurance company said it will be using the fresh capital to...
American insurance company Lemonade is planning to enter the pet coverage market said TechCrunch. Few details are known about this new product but the home insurer noted that it is still undergoing regulatory processing for “months.”  Founder and CEO Daniel...
Amid the coronavirus outbreak happening in Mainland China, insurance companies are reportedly utilizing blockchain to process claims of policyholders.  Insurance service providers use blockchain technology to fast track claims payouts at 27 locked down Chinese cities. Companies like Xiang Hu Bao, an online...
The state of New York and its respective financial regulator, the Department of Financial Services, filed charges against the National Rifle Association (NRA) last Wednesday, February 5, 2020. The NRA is accused of selling illegal insurance coverage to members...
Austin-based insurance market comparison site The Zebra announced last Tuesday, February 4, 2020, its successful closing of $38.5 million in the recent Series C investment round. The latest funding round brings the company’s total raised amount to $101.5 million...
Flight cancellations due to the coronavirus outbreak are unlikely to be covered in most travel insurance, as policies are not yet activated. In January, the World Health Organization declared a global emergency on the international spread of the coronavirus....

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