Open this photo in gallery: John Connors’s collectible sneakers outlet in Halifax sustained damages following an extreme-weather flood this summer. He is waiting to find out its impact on his insurance premiums.Meghan Tansey Whitton Nova Scotia continues to count the costs after torrential rains and flash floods inundated the province on July 22, claiming three…
Tag: Insurance
The Evolution Of The Insurance Tech Stack
Cofounder/CTO at Vymo. Alum Columbia University & BITS, Pilani. getty As the CTO of a SaaS enterprise that works with global insurance companies, I know that most of them are undergoing tech transformations to various extents. The case for a technology rehaul is strong: •Some of the existing insurance tech systems are legacy •Technology is…
Insurance agents shopping around more for better rates amid ‘market churn’
Insurance agents shopping around more for better rates amid ‘market churn’ By Lurah Lowery on October 6, 2023Insurance Based on new J.D. Power research findings, P&C independent insurance agents are increasingly frustrated with rising carrier premiums and, instead of telling their clients first, they’re shopping for better rates ahead of policy renewals. Not only could…
Business Insurance: What Policies Does Your Business Need?
Share Tweet Share Share Email Business owners run the gauntlet of incidents for every single day they operate. If proper precautions aren’t in place, business owners can be on the wrong side of things before they know it. The risks posed to a business can be many and…
A ‘Shadow’ Lending Market in the U.S., Funded by Insurance Premiums
In 2009, as the banking business was on the verge of being reshaped by new regulations in the wake of the great financial crisis, the private equity giant Apollo Global Management found a way to make money off the retirement savings of millions of everyday Americans. Through Athene, an insurer it helped create and later…
How Much Does Business Insurance Cost?
While running a business can be rewarding, it also comes with a myriad of risks that could financially cripple your company. For example, lawsuits related to product liability can quickly empty your business’s bank account. According to the Insurance Information Institute, the median product liability lawsuit settlement was nearly $4 million in 2020. By investing…
Things to know about California’s new proposed rules for insurance companies
Comment on this storyComment SACRAMENTO, Calif. — Months after California’s home insurance market was rattled by major companies pausing or restricting their coverage, the state’s top regulator said Thursday that he would write new rules aimed at persuading insurers to continue doing business in the nation’s most populous state. Seven of the 12 largest insurance…
Best Small Business Insurance of October 2023
If you’re a business owner, you likely need some form of insurance to cover your work. Whether you have a fleet of vehicles to insure or just need liability coverage for freelance work, having the right coverage for your business can be a lifeline if you ever face a lawsuit, theft, disaster or other unexpected…