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India’s GIFT-City Financial Hub Plans to Grow in Re/Insurance, Direct Listings
Gujarat International Finance Tec-City, India’s newest financial hub and a flagship project of Prime Minister Narendra Modi, is preparing for its next phase of growth. The first phase followed the creation in 2020 of a new regulator, the International Financial …
POSTED NOVEMBER 30, 2023 8:13 AM |
AM Best: Adverse Results Linger For Nonstandard Auto
AM Best reported a net underwriting loss of $333 million for the U.S. nonstandard auto insurance segment during the first half of 2023 — a year-over-year improvement from the $773 million loss seen in the first six months of 2022. …
POSTED NOVEMBER 30, 2023 7:15 AM |
Q3 2023 Signals Six Years of Premium Increases for Commercial Lines: CIAB
Overall commercial property/casualty premiums increased slightly more than 8% on average in the third quarter, marking six full years of steady increases. According to The Council of Insurance Agents and Brokers’ Q3 Market Survey, the 8.1% average increase in Q3 …
POSTED NOVEMBER 30, 2023 6:37 AM |
Insurtechs Unite to Launch InsurTech Coalition
Members from several insurtechs, including Boost, Branch, Clearcover, Lemonade and Root Insurance, published an open letter to the insurance industry announcing the launch of the InsurTech Coalition, a trade organization working to shape the future of insurance. The letter states …
POSTED NOVEMBER 30, 2023 6:23 AM |
Ransomware Prompts Multistate Hospital Chain to Divert Some ER Patients
A ransomware attack has prompted a healthcare chain that operates 30 hospitals in six states to divert patients from at least some of its emergency rooms to other hospitals, while putting certain elective procedures on pause, the company announced. In …
POSTED NOVEMBER 30, 2023 6:01 AM |
State Supreme Court Upholds Attorney Fees in Tennessee Workers’ Comp Case
In what could be seen as a rare win for the claimants’ bar in Tennessee, the state Supreme Court upheld a $50,500 award of attorney fees, an amount that is almost double the workers’ compensation benefits paid to the injured …
POSTED NOVEMBER 30, 2023 6:01 AM |
50,000 New York Drivers Face License Suspension If They Don’t Submit Vision Test
New York drivers who renewed their licenses during part of the coronavirus pandemic face license suspensions on starting Friday, December 1, if they don’t submit vision tests, the state Department of Motor Vehicles warned. Nearly 51,000 drivers statewide could have …
POSTED NOVEMBER 30, 2023 6:00 AM |
Colorado Woman Shocked with Taser Suing Police Officer And Chief for Not Reporting It
A woman who was shocked in the back with a Taser while lying on the ground in Pueblo, Colorado, last year is suing the police officer who stunned her and the city`s police chief, accusing the police department of failing …
POSTED NOVEMBER 30, 2023 6:00 AM |
Maryland County Sued for $16 Million Over Death of Pet Dog Shot by Police
Roommates who are suing a Maryland county claim police officers illegally entered their apartment without a warrant, detained them at gunpoint without justification and unnecessarily shot their pet dog, which was left paralyzed and ultimately euthanized. The dog, a boxer …
POSTED NOVEMBER 30, 2023 6:00 AM |
Takeaways from Our Conversation with Insuring Cannabis Pro About His Son’s CBD Trial
Erich Schutz has been a cannabis insurance specialist since around the time it first became legal, dropping into a competitive business with acumen, knowledge and passion. He even adopted a “cannabis ninja” nickname. Schutz, vice president and cannabis practice leader …
POSTED NOVEMBER 30, 2023 6:00 AM |
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