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Author: Annie George

Insurers Paying Close Attention to Obesity Drugs as Demand Rises

Obesity drugs

There isn’t much stopping a new class of obesity-diabetes drugs from becoming one of the pharmaceutical industry’s biggest blockbusters.

Published April 19, 2023
Categorized as Show on Homepage Tagged health insurers, insurance payments, obesity drugs, Ozempic

Autonomous Vehicles Could Reduce Accident Frequency, Boost Insurer Profitability: Moody’s

self diving vehicles

According to a new Moody’s report, autonomous vehicles will initially boost auto insurance profitability while ultimately decreasing demand for traditional coverage – but the property/casualty insurance industry has time to evolve.

Published April 18, 2023
Categorized as Show on Homepage Tagged auto insurance, autonomous vehicles, Moody's

US Cyber Insurers See Favorable Premium Growth, Results in 2023

Howden launches Cyberwrite

The US cyber insurance market is anticipated to maintain favorable premium growth and underwriting results through 2023.

Published April 18, 2023
Categorized as Show on Homepage Tagged cyber insurance market, Fitch Ratings

Bank Failures Aren’t Stopping Regulators from Hitting Deposit Insurance Target

FDIC and deposit insurance

The recent failures of Silicon Valley Bank and Signature Bank won’t prevent US regulators from bolstering a key measure of deposit insurance.

Published April 18, 2023
Categorized as Show on Homepage Tagged bank failures, deposit insurance, FDIC

Florida Homeowners Face New 1% Assessment Fee Amid Property Insurance Crisis

Florida insurance crisis

Florida homeowners can expect to see another spike in their insurance premiums as more insurers fail or leave the state.

Published April 18, 2023
Categorized as Show on Homepage Tagged assessment FL, FL homeowners, homeowners, insurance premiums

Comulate Introduces Revenue Automation & Intelligence for Large Insurance Brokers

Comulate

To decrease manual accounting costs and increase revenue, Comulate has introduced revenue automation and intelligence software for large insurance brokers and agencies

Published April 18, 2023
Categorized as Show on Homepage Tagged Comulate, intelligence software, revenue automation

U.S. Property Casualty Insurance Underwriting Losses to Moderate in 2023

Insurance underwriting

U.S. property/casualty industry underwriting results are likely to improve in 2023 as premium rates rise significantly in underperforming automobile and property segments, Fitch Ratings says.

Published April 17, 2023
Categorized as Show on Homepage Tagged Fitch Ratings, P&C industry, property and casualty, underwriting P&C

Life Insurance Is Profitable Again, but Too Late for Many Insurers

Private Placement Life Insurance (PPLI)

Higher interest rates, driven by the Federal Reserve’s anti-inflationary campaign, have provided the life insurance industry a new opportunity to profit.

Published April 17, 2023
Categorized as Show on Homepage Tagged high interest rates, life insurance, life insurers

Electric Car Tax Breaks Will Benefit U.S. Car Brands

Electric Car tax credit changes

Beginning on Tuesday, rules determining which electric vehicles qualify for tax credits will benefit American brands such as Tesla and General Motors the most

Published April 17, 2023
Categorized as Show on Homepage Tagged electric vehicles, EV tax credit, GM, Tesla

Proposed Climate Disclosure Rule Exposes Surprising Splits Among Businesses

climate change and health insurance

When regulators announced a plan to require businesses to disclose their carbon emissions and other climate data, they knew they were stirring up a political storm.

Published April 17, 2023
Categorized as Show on Homepage Tagged carbon emissions, climate rule disclosure, corporate carbon footprint, SEC

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