claims
FinanceAir India facing UK lawsuit from estates of some deceased in 2025 plane crash
FinanceUK motor insurance customers to get $270 million in claims, regulator says
HeadlinesLloyd's of London expects $2.3 billion in net losses from Los Angeles wildfires
FinanceMunich Re faces $1.3 billion in claims from Los Angeles inferno
Understand What Your Fire Insurance Covers and How Your Insurer Pays Claims
Date: December 3, 2024
A fire in your home can be a life-altering experience. Even if you are very fortunate to put the fire out quickly, you can face an expensive repair bill and need to replace belongings damaged by smoke. For many homeowners, a house fire can mean having to rebuild and start all over again. In Canada,...
Hertz to pay $168 million to settle over 95% of wrongful theft report claims
Date: December 6, 2022
(Reuters) – Hertz Global Holdings Inc said on Monday it will pay about $168 million by year-end to resolve over 95% of pending claims from owners who alleged the car rental giant filed wrongful theft reports. Some customers had sued Hertz alleging the police detained or arrested individuals in error after the company reported rental...
Inflation will create a paradigm shift for insurers in 2023
Date: December 2, 2022
By John Bowers, Actuarial Product Director, RNA Analytics A surge in global inflation, which now stands at multi decade highs in many countries, and a cost-of-living crisis are taking their toll on businesses and individuals – with a number of repercussions for insurers in certain lines of business –some of which will be felt more...
UK motor and home insurers headed for heavy losses, EY warns
Date: November 25, 2022
(Reuters) – British motor and home insurers are set for significant losses in 2022 and 2023 due to inflationary pressures and low premium rates, according to a report by professional services firm EY. Motor and home insurers also have been hit by a dip in premiums in the wake of the British financial regulator’s pricing...
UK motor insurer Direct Line to hike premiums after profit hit
Date: August 2, 2022
By Carolyn Cohn LONDON (Reuters) -British motor insurer Direct Line is raising premiums after higher claims hit its first-half profits, as the company feels the effects of soaring prices for everything from used cars to spare parts. Chief Executive Penny James said on Tuesday the company saw claims inflation at around 10% for the year,...
How does Insurance Work?
Date: February 8, 2018
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