Data and telematics insurtech Nirvana Insurance has reached an agreement with MS Transverse Insurance Company, a subsidiary of MS&AD Insurance Group Holdings, to boost its capacity, accelerate its growth trajectory and enable the delivery of best-in-class insurance solutions. The added support of MS Transverse and the global resources of MS&AD positions Nirvana to expand its
In a recent fireside chat hosted by Giovanni Amodeo, Ramzi Bibi, Head of Treasury and Investment at Arabia Insurance Company, discussed the transformative role of artificial intelligence (AI) in capital markets. Here’s a summary of the key topics covered: 1. Ramzi Bibi Background: With 17 years of experience in the financial sector, Ramsey transitioned from
In response to a growing homeowners insurance crisis, Louisiana is deregulating the market. What’s happening? In 2025, insurance companies will be able to cancel 5% of the Louisiana policies they’ve had for longer than three years, Inside Climate News reported. Previously, homeowners in that circumstance “could not be denied coverage, face larger deductibles, or be
After a triple hit to the state from Hurricanes Debby, Helene and Milton, Floridians are working to recover. But for many that’s brought up questions about property insurance–ranging from how they can get their claims paid to what to do if they don’t have it. Shawnda Palmer lives in Perry, Florida. Last year the town
Floridians are still grappling with the devastation left behind by Hurricanes Helene and Milton, trying to restore their lives, homes and communities. For many, the damage feels relentless, with some still rebuilding from previous storms like Debby (2024), Idalia (2023) and Ian (2022). In the aftermath, time, resources and a coordinated effort will be essential
Gov. John Carney signs two bills into law building upon insurance coverage expansions for women’s health conditions. Under the new laws, private health insurers, as well as the state employee health plan and Medicaid, will be required to cover annual mammograms for women over the age of 40. The new bill also prohibits carriers from
Cernitz Property Insurance Lawyers, a prominent law firm in Miami, joyfully acknowledges its 18 years of service to the Miami community. From the initial stage, the firm has been committed to providing excellent legal representation in property insurance disputes, personal injury cases, and policyholders’ advocacy. Miami, Florida, United States – October 20, 2024 — Established
Cernitz Property Insurance Lawyers, a prominent law firm in Miami, joyfully acknowledges its 18 years of service to the Miami community. From the initial stage, the firm has been committed to providing excellent legal representation in property insurance disputes, personal injury cases, and policyholders’ advocacy. This article is available to Insider Pro subscribers only. Sign
SALLY HO and MAE ANDERSON Associated Press Now that the threat of hurricanes Helene and Milton has receded, millions of homeowners and business owners are faced with traversing the long process of using insurance to rebuild their lives. “You’re just traumatized when you have these losses. At some point, you’re just glad you’re alive,” said
Of the top 12 insurance companies in CA, only five are still writing new policies. Wildfires have burned more than one million acres in California so far this year. That is larger than the entire state of Rhode Island. Natural disasters like that have insurance companies abandoning some areas entirely, not just in California, but also