The insurance gap for cyber products is ‘disproportionately high’, says Munich Re in a new report. The 26-page work, the Munich Re Global Cyber Risk and Insurance Survey 2022posits that while global cyber premiums are currently $ 9.2bn annually and are set to reach $ 22bn in the next three years, the increasing seriousness and … Read more
A staggering number of American drivers – about 96% – do not understand the fundamental aspects of their auto insurance policy, a new survey by insurance comparison website Insurify has found. The survey, which interviewed more than 1,000 respondents, assessed how well drivers across America understand their auto insurance, asking them questions about their policies, … Read more
Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders, whom we will always identify, all opinions are our own. Credible Operations, Inc. NMLS # 1681276, is referred to here as “Credible.” Personal liability insurance is one of the six main … Read more
Higher borrowing costs from rising interest rates could have a dampening effect on insurance broker deal-making in the UK that relies on debt financing. The Bank of England has increased interest rates three times so far in 2022, taking the rate to 1% from 0.25% at the beginning of the year. Rates are already at … Read more
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. A quarter of a million dollars may sound like a lot, but a $ 250,000 life insurance policy might not be nearly enough life insurance for you. On one hand, it’s cheaper than a … Read more
Fort Lauderdale, May 19, 2022 (GLOBE NEWSWIRE) – Fort Lauderdale, Florida – Fort Lauderdale, FL-BrokerCalls helps life insurance businesses achieve their sales goals by funneling pre-qualified, exclusive pay-per-call life insurance leads to insurance agents. In one of the most competitive markets, life insurance providers are turning to BrokerCalls and their pay-per-call life insurance leads so … Read more
PIUS CEO tells Inman the company is operating ‘on a smaller scale,’ but a former REX agent says those operations no longer include handling real estate transactions. An insurance agency for REX Real Estate says that despite reports that the company is shutting down, REX is still operating and the agency “remains confident in REX’s … Read more
Florida’s legislature adjourned without addressing condo safety following the collapse in Surfside in which 98 died. In the absence of state action, insurance companies are raising rates dramatically. ARI SHAPIRO, HOST: Nearly a year after a residential high-rise building collapsed in Florida, killing 98 people, the state has done nothing to address condo safety. There … Read more
Insurance companies can significantly improve productivity by leveraging machine learning in fraud detection. Machine learning has the potential to save significant costs involved in hiring as well as training staff in insurance claims investigations. Insurance fraud has always been a major issue for insurance companies. Detecting insurance frauds can be a complex process in which … Read more
Money / Financial Planning leminuit / Getty Images Whether you need life insurance depends on your family situation and financial obligations, as well as your stage in life. For people whose families could meet their financial obligations if one of the breadwinners weren’t around, insurance probably isn’t essential. But, for people who have a small … Read more
