Hong Kong has the potential to become an international hub for marine insurance and related businesses, provided the city offers tax incentives and implements rules to make it easier for insurers to raise capital, according to a US insurance broking giant. “Hong Kong has a beautiful harbour, which makes the city a natural choice for
Point32Health, the owner of Tufts Health Plan and Harvard Pilgrim Health Care, on Tuesday said 9,400 patients at Children’s and 17,000 patients at UMass will no longer be able to see their doctors there as of Jan. 1 with their current insurance. Children’s Hospital gave a different number for the patients affected: about 5,000. Get
Cue up “Roundball Rock” because the 2024-25 NBA season has arrived and you can net bonus value on Celtics-Knicks and Timberwolves-Lakers by using the bet365 bonus code POSTNEWS when you sign up at bet365 Sportsbook. This bet365 sign-up bonus lets you pick between two offers. You can opt for a $1,000 First Bet Safety Net
Unison Risk Advisors Tuesday said it has acquired Avondale Insurance Associates Inc., effective Oct. 17, 2024. Terms of the transaction were not disclosed. Avondale Insurance Associates, established in 2006, is an excess and surplus lines underwriting management company supporting wholesale distribution for the property and general liability insurance sectors, which will remain the sole focus
How will the threat of wildfires affect real estate businesses in the western portion of the United States? The answer to the question differs from market to market, even within certain states. California, for example, sees different measures being taken by region. A recent CoreLogic report detailed that as of July 15, 2024, more than
HDI Global Insurance Company (HGIC), the US subsidiary of HDI Global SE (HDI), has appointed 35-year industry veteran Thomas Long as US Casualty Lead. In his new role, Long will be based out of the company’s US headquarters in Chicago, IL. He will report to Marco Hensel, Chief Underwriting Officer, HGIC. He joins HDI Global
“Batteries are just booming, and so it’s been fantastic, really interesting, to ramp up and to get more familiar with this asset class and to assist our underwriters, to make sure that they have the tools that they need to do their job,” Shinn said in an interview at last month’s RE+ clean energy trade
Kroll, an independent provider of global risk and financial advisory services, announced that Katherine Keefe will join as Managing Director and Global Cyber Insurance Industry Lead, overseeing the firm’s worldwide cyber insurance capabilities. “We are proud to welcome Katherine to Kroll. Her deep understanding of the cyber insurance and regulatory landscape, along with her strong
A new report by Conning, a provider of investment management and insurance research, titled “Climate Risk: An Imminent Threat to Business,” highlights the growing importance of assessing and managing both physical and transitional climate change risks within the insurance industry. The report, based on a survey of insurance executives, reflects Conning’s focus on delivering insights
Health insurance pricing is a critical aspect of insurance management, ensuring that premiums cover costs while remaining affordable for consumers. With healthcare costs on the rise, insurers face the challenge of adjusting their pricing strategies to maintain profitability and sustainability. The pricing of health insurance involves a complex web of factors, including demographic shifts, changes