The Insurance Association of Jamaica (IAJ) is anticipating a gradual decline in property insurance premiums as reinsurance costs begin to moderate and global reinsurers show renewed interest in the Caribbean market. After years of volatility driven by adverse market conditions largely brought about by global economic shocks, the local industry is said to be welcoming
SINGAPORE: After a fire ripped through two flats in Toa Payoh on Tuesday (Jul 29), two home owners were left grappling with the loss of their units and belongings. The owner of the unit where the fire started told CNA that “everything is gone” and that his children now have “nothing”. Of the 1,990 fires
(InvestigateTV) — The U.S. in 2024 declared a major natural disaster, on average, once every four days, according to the International Institute for Environment and Development. In many cases, the scale of injuries and deaths were directly impacted by how prepared a community was for a disaster, and how quickly residents were able to react
Homeowners insurance can be a lifesaver in many situations, but it doesn’t cover everything. Among the excluded events are earthquakes. To protect your property and belongings, you’ll need a standalone earthquake insurance policy or a rider on your existing home policy. A policy can cost thousands of dollars a year, though — and may not
Adaptive Insurance and Whisker Labs have partnered to deliver parametric power outage insurance using real-time grid data, to deliver protection faster when power failures and outages occur.In a world where access to power has become critical for the world’s technology ambitions, not least through power-hungry data centres and artificial intelligence, the pair are leveraging real-time
Native Sheffield and insurance industry veterans Matthew Mawson and Steven Burley have unveiled a new business venture, Eximia Broking. Mawson and Burley have family roots in the corporate insurance sector which date back to the 1950s. They note that Sheffield has recently seen a number of existing insurance brokers being acquired and subsequently consolidated by larger
Jordan Butterworth, 30, and his friend Nathan Rostron, 26, travelled to Crete, Greece, for a seven-day holiday on June 30th. The pair had a boat party booked for July 3rd, but ‘didn’t feel up to it’ so abandoned the trip for a chill day, enjoying a couple of drinks and playing catch in the pool.
Experts have warned that not checking your smoke alarm regularly could risk voiding your home insurance policy. Of course, having up-to-date smoke and carbon monoxide alarms is vital to keep you and your family safe; however, new research by Go.Compare has revealed that £16.7 million in home insurance has been lost due to smoke alarm
Performance-focused upgrades can make cars more valuable, expensive to repair and potentially riskier to drive, with insurers seeing these modifications as an increased risk Failure to inform your insurer before modifying your motor could invalidate your insurance policy, leaving you unprotected in the event of an accident(Image: Getty Images/iStockphoto) UK car owners have been cautioned
Insurance is one of the human institutions that will make you question the entirety of human civilization. Where did we go wrong to end up here? We used to live in a wonderful natural world that provided everything we needed for survival, with nothing to fill our days but rest and looking for food, water,