Recently, around 130 twitter accounts, which include accounts of business tycoons like Jeff Bezos, Elon Musk, Bill Gates, and others, got hacked. Twitter has also said that hackers have downloaded personal data of around 8 unverified accounts. They did it…
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Personal lines insurers to witness a hike in profits amid the slowed economic activity
According to Fitch Ratings, U.S personal lines insurance is going to make this year profitable. Considering the fact that they were struggling with the uncertainty in the economy and global pandemic corona, this hike will be seen. Still, it also…
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Insurance companies are showing interest to invest in commercial warehouses
Global pandemic COVID-19 has resulted in the disruption of all the conventional ways of business. Demand has dropped drastically but the maintenance cost is still the same. Every business is struggling hard to pay its employees. Employees are working from…
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A huge catastrophe loss is declared by Allstate Corporation in June
Allstate Corporation has announced a loss of around $204 million for the month of June. The loss after the taxes is calculated to be around $161 million. The insurance company has said that the avalanche loss happened due to 10…
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32% of Businesses to be impacted in Counties Vulnerable to Hurricane
The month of August is near and people in the United States are near to the season of Hurricane. It is well known that the US loses a huge amount to the disaster made by the hurricane. Also, there are…
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Texas CBS affiliate to pay $215000 in an age discrimination suit
A female reporter named Tammy Dombeck Campbell was allegedly not given a job because of her age. After this, a Texas CBS broadcast affiliate is paying $215000 in a lawsuit. This was announced by the United States Equal Employment Opportunity…
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Lloyd’s of London to drop licenses and exit US admitted market
Lloyd’s of London recently announced its plans to relinquish its admitted licenses in Kentucky, Illinois, and the US Virgin Islands. In a bulletin, the market said that they will stop accepting the renewal business on an admitted basis on July…
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Insurance sector is now well-capitalized to overcome losses – Swiss Re Institute
COVID 19 pandemic has hit the economy hard. There is not a single business that has left unaffected by this ongoing crisis. The chaos and panic are taking their toll on the economy of every country. Also, people are facing…
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Making Insurers to Pay for COVID-19 BI Claims will lead to a Bankruptcy
This unexpected pandemic has disrupted all the activities going around business and industries. Industry heads, as well as the customers, are getting confused about how to cope with this disaster. Such a strange situation is being faced by the Insurance…
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Usage-based insurance market size expected to reach $77 billion by 2026
A new study by Valuates Reports has instilled a ray of hope in the insurance market. According to the reports, the global usage-based insurance market is predicted to reach $77.25 billion by 2026. Also, the market is awaited to grow…
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