Trisura reports higher insurance revenue for Q2 – Trisura Group, a specialty insurance provider, announced its second quarter financial results for 2023 on Tuesday. The company reported $664,400 in insurance revenue, a 43% increase from the previous year’s $464.6 thousand. In the second quarter, Trisura saw sustained growth across North America, with increased market share,…
Fraud and misdirection schemes drive cargo theft surge – Cargo theft using fraud is on the rise in the U.S. and Canada, according to a report released by Verisk’s CargoNet on Tuesday. The report found a 700% increase in shipment misdirection schemes, as well as a 60% increase in fake pickups, from the same quarter…
Natural catastrophe insured losses hit $50 bln in H1 – Natural disasters contributed to a $50 billion surge in insured losses in the first six months of 2023 – the second highest rate since 2011 – according to a report released Wednesday by reinsurers Swiss Re. Severe thunderstorms made up 70% of insured losses, with…
Uncommon levels of damage from storms this year is upending US towns and the insurance industry – Extreme thunderstorms in the United States in the first six months of this year caused $34 billion of insured losses, an all-time high for insured losses in such a short period of time, Swiss Re Group said Wednesday,…
Mercury Insurance Names the Most Affordable New Sedans to Insure – Sedan models are once again some of the most affordable vehicles to purchase and own, including insurance, according to Mercury Insurance (NYSE: MCY), a leading auto insurer in California. Announced today, Mercury Insurance has gathered a list of the most affordable new sedans to…
United Insurance Holdings Corp. (Nasdaq: UIHC), the insurance holding company of American Coastal Insurance Company (“AmCoastal”), announced today that it has changed its corporate name to ‘American Coastal Insurance Corporation’ (“the Company” “American Coastal” or “ACIC”). The Company will begin trading on NASDAQ under the ticker symbol ‘ACIC’, prior to market open on August 15, 2023….
Aspen Insurance appoints Caryn Brough as Head of US Distribution – Aspen Insurance Holdings Limited has announced the appointment of Caryn Brough as Head of US Distribution, in addition to her current role as Group Head of Marketing. Brough, who has been with Aspen since 2017, has been instrumental in driving significant positive changes in…
Airlines face doubling in war insurance premiums after Sudan losses-sources – Airlines could end up paying twice as much for insurance they need to protect themselves against losses triggered by war after a bruising year wiped out aviation war insurers’ revenue for 2023, industry sources say. Aircraft were destroyed at Khartoum airport in a conflict between military…
Short term health insurance Colorado covers the health plans available in Colorado, this plans provide health care coverage for a limited amount of time. They can be a great option if you are between jobs, waiting for group coverage to start, or need an affordable alternative to more traditional health insurance for a while. In…
HDFC Life Insurance Shares In Focus on Rs 942 Crore GST Demand – HDFC Life said IRDAI granted approval for transfer of shares of HDFC Life, from HDFC to HDFC Bank in view of the proposed amalgamation. It has also granted its approval for HDFC to acquire additional shares in HDFC Life. Shares of HDFC Life…