Insurance Articles

CNA Insurance has decided to exclude coverage for nonfungible tokens (NFTs) from the $20 million trust policy held by Schwab Strategic Trust. In a filing submitted to the U.S. Securities and Exchange Commission, the insurer introduced an exclusion clause stating that the policy would not cover any losses, damages, claims, occurrences, or lawsuits related to […]

It’s always wise to be financially savvy, especially when economic uncertainties, inflation, and higher interest rates impact consumers. For seniors, who often rely on retirement savings and Social Security, every financial decision carries added significance. They want to avoid unnecessary expenses while safeguarding their financial well-being for the future. Fortunately, long-term care insurance can play

Saving money on homeowners insurance can help reduce your overall housing costs. Here are five ways to save money on homeowners insurance: 1.   Shop Around and Compare Quotes:      – Just like with auto insurance, it’s essential to shop around and get quotes from multiple insurance providers. Prices for homeowners insurance can vary

Saving money on auto insurance is a smart financial move. Here are 10 ways to help you reduce your auto insurance premiums: 1.   Shop Around:   Get quotes from multiple insurance providers. Prices can vary significantly between companies, so comparing rates is crucial. 2.   Bundle Policies:   Many insurers offer discounts if you

Following numerous hearings and complaints, the Insurance Department has successfully lowered the average rate increases for individual insurance plans sold within the state. Initially proposed at a 12.4% increase, these rates have now been reduced to a 9.4% increase. Furthermore, the department has halved the requested average rate increase for small group plans, lowering it

Life insurance is a financial product designed to provide financial protection and support to your loved ones in the event of your death. Beneficiaries are the individuals or entities designated to receive the proceeds from a life insurance policy upon the policyholder’s death. Here are some basics about life insurance and what beneficiaries need to

While the primary concerns of these strikes revolve around topics like artificial intelligence, residual payments, and job protections, health insurance, a contentious issue in labor negotiations, has quietly taken center stage. While the A-list stars make headlines by participating in picket lines under the California sun, it’s the individuals who have not basked in the

The insurance industry, once predominantly male-dominated, is undergoing a rapid transformation. Women are now assuming increasingly influential roles across various sectors, ranging from leadership positions to specialized functions. Vinita Jajware-Beatty, the President of the Toronto Insurance Women’s Association, recently discussed this evolution during an interview with IBTV. Jajware-Beatty highlighted statistics from five years ago that

Waymo is leveraging insurance data to strengthen its safety argument for self-driving cars. The Alphabet-owned company asserts that its autonomous vehicles result in fewer personal injury and property damage claims compared to human drivers. This initiative follows the collaboration announced last year between Waymo and the insurer Swiss Re and aims to demonstrate the lower

In S&P Global Ratings’ recent briefing on the state of the global reinsurance sector in 2023, notable developments were highlighted, indicating that the sector is stabilizing with signs of improvement in underwriting. As part of much-needed structural changes in reinsurance underwriting, S&P has upgraded its outlook on the global reinsurance sector from negative to positive,