Why Insurance is Essential to the Modern Renter

No matter where you live, you can never be certain your belongings, or property, are entirely safe. Something as simple as rowdy houseguests at a roommate’s party can put your prized possessions at risk. That’s why renters insurance is important. However, given the fact that most Millennials rent but don’t carry insurance, you may not […]

Stop smoking: E-cigarettes are no better than regular cigarettes, say insurance companies

Stopping smoking cigarettes could be achieved by gradually reducing intake, or switching to alternatives like electronic cigarettes to help avoid the health risks. However, life insurance providers consider the switch to be just as bad as smoking. E-cigarettes along with patches and other nicotine products, are placed in the same bad as regular cigarettes, meaning […]

The top 5 startups disrupting healthcare using AI, digital therapeutics, health insurance, and genomics

Business Insider Intelligence The healthcare industry is facing disruption due to accelerating technological innovation and growing demand for improved delivery of healthcare and lower costs. Tech startups are leading the way by seizing opportunities in the areas of the industry that are most vulnerable to disruption, including genomics, pharmaceuticals, administration, clinical operations, and insurance. Venture funds […]

How kidnapping insurance keeps a lid on ransom inflation

IN THE early 1970s, leftist guerrillas in Argentina discovered a lucrative new way to make money: kidnap millionaires. Panicking firms would agree to huge ransoms, more concerned with freeing their executives than driving down the fee. That was not just bad for businesses. It also became a textbook case of how poor negotiating can send […]

Cyberwrite Named a 2018 Cool Vendor in Insurance by Gartner for Its Cyberrisk Profiling Technology

PRESS RELEASE: Vendors selected for the “Cool Vendors” report are innovative, impactful and intriguing SAN FRANCISCO & TEL AVIV, Israel–(BUSINESS WIRE)–May 16, 2018– Cyberwrite today announced it has been included in the list of “Cool Vendors” in the “Cool Vendors in Insurance”1 by Gartner,…Read More

Former boss of Anbang Insurance Group sentenced to 18 years in prison for fraud

Reuters Wu Xiaohui, former chairman of Anbang Insurance Group, has been sentenced to 18 years in prison for fundraising fraud and embezzlement. Anbang was founded in 2004 and bought the famed Waldorf Astoria Hotel in New York City. It also has significant stakes in Chinese banks and property developers.  Wu Xiaohui, former chairman of Anbang […]

A bondholder finds a sneaky way to trigger insurance against default

IN 2013 Codere, a Spanish gaming firm, owed money it could not repay. Its bonds were trading at just over half face value. Blackstone, a private-equity firm, offered it a cheap $ 100m loan. But there was a catch. Blackstone had bought credit derivatives on Codere’s debt that would pay out about €14m ($ 19m) […]

Car insurance: Average price has recorded its first quarterly fall in two years

Despite the drop, average costs during the first quarter of 2018 were the highest that the Association of British Insurers (ABI) has ever seen at this time of year. The ABI’s latest Motor Insurance Premium Tracker found the average price paid for private comprehensive motor insurance was £478, down £13 on the final quarter of […]