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Definity’s Acquisition of Travelers’ Canadian Business May Trigger A Wave of Industry Consolidation

News

Insurance news provides updates on industry trends, regulations, and innovations. It covers topics such as new insurance products, market developments, and insights into risk management, offering valuable information for policyholders and industry professionals alike.

Alarming Impact on Kansas Children’s Health Coverage

by Shine

TOPEKA, Kan. — Following a comprehensive review of Medicaid eligibility in Kansas, recent data reveals a significant impact on the...

California Insurance Commissioner Announces Wildfire Coverage Reforms

by Shine

LOS ANGELES (CN) — California's Insurance Commissioner Ricardo Lara unveiled significant regulatory reforms on Wednesday aimed at increasing the availability...

Proposed Insurance Rules Could Leave Many Californians Without Affordable Coverage

by Shine

New regulations proposed by California Insurance Commissioner Ricardo Lara are unlikely to make home insurance affordable or accessible for many...

Business Owners Brace for Unforeseeable Events Amid Insurance Concerns

by Shine

A recent study conducted by insurance broker Gallagher highlights a growing unease among U.S. business owners regarding the adequacy of...

California Introduces New Regulation to Boost Insurance in Distressed Areas

by Shine

In a significant move to fortify the state's insurance market, California Insurance Commissioner Ricardo Lara announced a new draft regulation...

Citi Acquisition Expands Hsbc’s Wealth Management Portfolico

by Shine

HSBC Bank (China) Company Limited, a subsidiary of HSBC Holdings plc, has completed the acquisition of Citi’s retail wealth management...

Strategic Advances Propel Australian Insurance Intermediaries To Future Prosperity

by Shine

The landscape of insurance intermediary businesses in Australia is witnessing a strategic evolution, positioning them for sustained growth and resilience,...

Axis Insurance Managers Receives Substantial Investment Fromlee Equity Partners

by Shine

Axis Insurance Managers, a prominent player in the insurance industry, has announced a substantial growth investment from funds managed by...

US Dol Reaches Agreement With Unum Life Insurance Co. Of America

by Shine

In a significant development, the U.S. Department of Labor has reached a settlement with Unum Life Insurance Co. of America,...

People’s Insurance Company (Group) Of China Limited P/E Signals Conflicting Sentiment

by Shine

In scrutinizing the People's Insurance Company (Group) of China Limited, investors encounter a perplexing dichotomy in its price-to-earnings (P/E) ratio....

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News

During the Property-Cat Renewal Period in June, the Rate Continued to Slow Down: Howden Re

18/06/2025

According to the latest report of Howden Re, during the renewal period of property catastrophe reinsurance on June 1st, the...

Idaho State Employee Health Insurance Premiums Rise 8% Amid Soaring Medical Costs

by Shine

Health insurance premiums for over 100,000 Idaho state employees are set to increase by 8% this year, the Idaho Department...

Global Reinsurance Companies Have Demonstrated Strong Resilience Against Market Fluctuations and Natural Disasters

In recent years, the global reinsurance industry has performed steadily. Despite natural disasters and investment fluctuations, it still achieved profit...

Definity’s Acquisition of Travelers’ Canadian Business May Trigger A Wave of Industry Consolidation

Definity Financial, a Canadian property and casualty insurance company, acquired Travelers Cos for $2.4 billion. The Canadian business, this move...

The New England Patriots Paid $2.1 Million to Settle A Privacy Lawsuit

The New England Patriots recently agreed to pay $2.16 million to settle a class-action lawsuit over the invasion of user...

Former Connecticut Governor John Rowland Was Pardoned by President Trump