Aviva PLC Reduces Stake in Selective Insurance Group, Inc. (NASDAQ:SIGI)

Aviva PLC decreased its position in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI – Get Rating ) by 22.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 19,786 shares of the insurance provider’s stock after selling 5,825 shares during the period. Aviva PLC’s holdings in Selective Insurance … Read more

2 ways to protect your life insurance against inflation

Don’t put this off for too long. Key points Inflation increases the cost of everything, which can reduce the value of a life insurance policy’s death benefit. Many insurers offer inflation riders to combat this. It is a good idea for all policyholders to periodically review their life insurance coverage to ensure they are still … Read more

Senators are passing a bill with far-reaching implications for public employee insurance

Senators have passed a bill that includes significant changes to the State Employees Insurance Agency. The Senate vote on Saturday afternoon was 29-4. Senate Bill 268 makes several changes to PEIA, out of concern that the agency is facing increasing financial stress. Robert Plymale “It’s a great bill in my estimation because you’re saving PEIA,” … Read more

Car insurance rates have gone up and it matters where you live

Between 2022 and 2023, auto insurance rates increased almost 14%, bringing the national average for comprehensive auto insurance from $1.1771 to $2.014. Despite this huge increase, rates are expected to continue rising through 2023, even though the average American pays almost 3% of their income on auto insurance alone. However, since car insurance rates vary … Read more

Former Insurance Executive Charged in $2 Billion Fraud Scheme | OPA

A federal grand jury in Charlotte yesterday returned an indictment charging a North Carolina man with masterminding and directing a massive scheme to defraud state insurance regulators and defraud thousands of policyholders and others related to insurance companies he controlled. According to court documents, from 2016 to at least 2019, Greg E. Lindberg, 53, of … Read more

Federal Court of Appeals Affirms Dismissal of ITT’s Covid-19 Insurance Claims

New Now you can listen to Insurance Magazine articles! Global corporation ITT has again declined coverage under its “all risk” policy for business expenses and losses it has faced due to Covid-19. The Second Circuit Court of Appeals affirmed a Connecticut federal district court’s ruling that ITT had failed to show any “physical damage” or … Read more

Report: Technology is reshaping the insurance industry

Technology is making it easier for insurance companies to prepare quotes, with artificial intelligence (AI) now able to start and complete their own calculations, a new study says. Reuters Events’ Auto Claims 2023: Fine-tuning the Moving Parts of Total Loss presents technology solutions to make roads safer and improve internal processes for carriers. As automakers … Read more