The Insurance Commission (IC) of the Philippines issued a legal opinion last Wednesday, March 4, 2020, announcing that individuals with a secured policy will be allowed to designate any recipient as his or her beneficiary. According to the IC,...
The huge tech and music festival, South by Southwest, announced event cancellation over the spreading novel coronavirus that affects thousands of people in the world. Two of the event founders said the film festival doesn’t have the insurance needed...
Manulife and TuGo, two popular Canadian insurers, will no longer be covering trip cancellations related to COVID-19, Global News reported. According to the news outlet, both travel insurance agencies have confirmed they will no longer cover any new customers who...
Indian firm Digit Insurance recently announced its new product which will help customers get coverage for the recent coronavirus outbreak, said Financial Express. Clients can get as much as Rs. 2 lakhs in coverage provided that they qualify for...
Alliant Insurance Services, one of the leading distributors of diversified insurance products and services in the U.S., announced Monday it has acquired Pend Oreille Insurance, one of the largest independent insurance agencies in Idaho. In a press release, the Newport...
British Columbian bicyclists will still not have the option to insure their bicycles, said CityNews 1130. The announcement was made by Attorney General David Eby, saying that this move would be counter-productive. This statement came after Eby received suggestions from...
Data from the travel insurance comparison website InsureMyTrip reported a 60 percent increase in the travel insurance policies sold in the United States since the first case of the novel coronavirus (nCoV-19). The researchers at the insurance firm said...
Tractable, a company specializing in insurance technology, acquired $25 million during the recently concluded Series C funding Round, said Tech Crunch. The fund will be used to develop artificially intelligent claims processing systems that will use machine learning and...
Toyota Insurance Management Solutions announced a partnership with Nationwide to offer telematics-powered insurance for drivers. The product called TIMS BrightDrive promises 40 percent savings for car owners, with discount offers based on the driver’s driving behavior. The telematics-based insurance simplifies...
Powers Insurance & Risk Management, an independent insurance agency based in Missouri, has strengthened its presence in the state with the opening of its new national division called POWERS Surety Bonds. In a press release, the Missouri-based insurer said that...

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