The CCRIF SPC (formerly known as the Caribbean Catastrophe Risk Insurance Facility) has paid the Government of Panama US $26.7 million after the countries parametric rainfall insurance policy was triggered following a recent severe event, which takes payouts made for the current policy year to almost US $118 million.The rainfall event affected Panama between October 31st and November 4th 2024, causing landslides, flooding, fallen trees, the collapse of some bridges and loss of crops while 1,500 people were negatively affected, and 11 people lost their lives due to heavy rains this month.
As with every parametric insurance payout CCRIF has made, the funds were transferred to the...
How to Address Today's Cyber Threat
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High-profile cyber attacks like the Microsoft Exchange server hack, the SolarWinds Orion software compromise and the Colonial Pipeline ransomware attack have highlighted increasing cyber risk for nearly every type of business. Furthermore, 2020 brought a massive shift to working from home for many companies due to the COVID-19 pandemic, further exacerbating the increase in frequency and severity of cyber attacks. As a result, the cyber liability insurance market is seeing increased premiums and deductibles and lower coverage limits. Businesses across all industry segments are subject to these trends.
Top Cyber Risks Facing Businesses Today
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Businesses in all industries have suffered...
Welcome to Insurance Talk, your go-to source for all things insurance! Today, we’re diving into a crucial yet often misunderstood topic—wildfire binding restrictions—and how...
Health insurance plans each have their own rules, benefits and drawbacks. These can be tricky enough to work out when you're buying health insurance for just yourself, but when you're looking for a plan to provide employee benefits, a...
China’s National Financial Regulatory Administration (NFRA), the financial industry regulatory agency under the State Council of the People’s Republic, is continuing to promote Hong Kong as a venue for insurers and reinsurers to sponsor catastrophe bonds.Speaking at a conference...
Members Capital Management Limited, a Bermuda-based asset manager focused on bringing new sources of reinsurance capital to the insurance-linked securities (ILS) sector using digital...
The National Day Rally (NDR) is a significant event in Singapore’s political calendar, where the Prime Minister outlines the government’s vision for the future...
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Whether you are an owner, developer or property manager working in the affordable housing industry, you are undoubtedly facing challenges related to...
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FEMA has introduced the largest reform to the National Flood Insurance Program (NFIP) rating system since its inception in 1968. The NFIP...
Traffic signals and violations have a bigger impact on your car insurance premium than you think. To maintain affordable insurance rates, apart from...
One of the most valuable assets for any business is its data. Like any business, small businesses are susceptible to cyberattacks.
Safeguarding your company’s data is not just about avoiding financial loss—it’s about protecting customer and employee information, maintaining public...
When business owners want to understand options for company health coverage, one question that a group health insurance broker often receives is about CalforniaChoice. Discover what the program is, when it can be a good choice for small businesses,...
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Health insurance is a notoriously complicated subject in the United States. Whether you're purchasing it for the first time or switching plans, keeping track...
Safety is a significant concern for all trucking businesses. Despite taking every precaution, accidents can still occur. Trucking insurance is necessary to safeguard your...
Here are the ten most popular news articles, week ending October 20th 2024, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates...
When it comes to motorcycle safety, attention to detail is critical.
According to the National Highway Traffic Safety Administration (NHTSA), motorcyclists face significantly higher risks in comparison to passengers in other vehicles. For every mile traveled, the risk of injury...
Last Updated on July 31, 2024 by adminDid you know that Boshers Insurance do more than provide high-quality insurance for Holiday Home owners? We also support The 2 Minute Foundation, a charity whose vision is to clean up the...
Ah, life insurance. A pillar of financial security, a safety net for loved ones, and… a potential tax tango? While the primary purpose of life insurance isn’t to enrich Uncle Sam, there are indeed scenarios where this financial instrument...
Your agent is best positioned to advise you when they have all the facts.
Your local independent insurance agent is prepared to create a personalized coverage plan tailored to meet your and your family’s...
(From left to right: Michael F. Thomas, Executive Vice President, Glenn Insurance; Susan Sykes, Senior Commercial Lines Underwriter, Glenn Insurance; Tim Glenn, President, Glenn Insurance; Claudia Ratzlaff, CEO, Avanzar; Cheryl Tamasitis, Associate Vice President, Nationwide; and Ross Setlow, Territory...
If you are able, take photos to document circumstances of the accident.
Your first instinct after a car accident may be to call for help. Do you have a plan for what comes next?...
Be proactive about preparing for the danger of wildfires.
Even if you’ve taken precautions to make your home or business resistant to wildfire, take time each year to review your preparations.
Let’s discuss the why,...
Yes, eating well without breaking the bank is possible. Here’s how to do itby Virginia Anderson October 25, 2023 | Wellness
A trip to the grocery store probably feels a little different today than it did a few years...
New Jersey Doesn’t Require Boat Insurance. Get it Anyway.May 26, 2022May 26: Closing at 12:00pmMay 25, 2023
Capt. Richard I. Risely, Union Army, Civil War. He is Tim Glenn’s Great, Great Grandfather.
We at Glenn Insurance support our men and women...
Life insurance can be a valuable part of your business plans.
We recognize and expect changes in the economy, but the uncertainty of those changes calls us to be vigilant in our business continuation...
Last Updated on January 17, 2022 by adminGenuine small holiday letting businesses in England to be protected by closure of second home tax loopholeOwners of second homes in England who abuse a tax loophole by claiming their often-empty properties...
Last Updated on January 11, 2021 by adminNational Lockdown – Stay At HomeOn the 4th January 2021 the Government announced a third lockdown in England to control the rapid increase of coronavirus cases. The devolved administrations in Scotland, Wales...
“The boat is safer anchored at the port, but that is not the aim of boats.”― Paulo Coelho, The Pilgrimage
Did you know that you are not required to have boat insurance to operate a vessel on the water in...
Health insurance plans each have their own rules, benefits and drawbacks. These can be tricky enough to work out when you're buying health insurance for just yourself, but when you're looking for a plan to provide employee benefits, a...
China’s National Financial Regulatory Administration (NFRA), the financial industry regulatory agency under the State Council of the People’s Republic, is continuing to promote Hong Kong as a venue for insurers and reinsurers to sponsor catastrophe bonds.Speaking at a conference...
Offering The Best Coverage Bogle Agency Insurance of Lyndhurst NJ offers Chubb Masterpiece Auto Preference automobile insurance to NJ drivers. This is the broadest automobile insurance coverage available in NJ. It is to a car owner’s benefit to learn about...
Life Insurance can be a complicated subject. It is considered an investment when it provides protection for your beneficiaries upon your death. The need for life insurance and how much of it depends on your requirements. Bogle Agency Insurance...
General liability insurance cost is a key consideration for every business owner in Florida, balancing the need for protection with the necessity of managing expenses. Typically, costs can vary widely based on a number of factors, but for a...
Ian Fung, Portfolio Manager, Fixed income, discusses recent BoC and Fed interest rate moves, inflation, employment and their potential effect on upcoming rate decisions.
https://www.youtube.com/watch?v=7K3hOUncjh0
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Hi, I'm Ian Fung, and I'm a Senior Portfolio Manager at Empire Life Investments Inc.
We saw...
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Final expense insurance, also known as burial insurance, is a type of insurance policy designed to cover the costs associated with a person’s funeral and burial expenses.
This type of insurance is typically purchased by older adults who want to...
Health insurance plans each have their own rules, benefits and drawbacks. These can be tricky enough to work out when you're buying health insurance for just yourself, but when you're looking for a plan to provide employee benefits, a...
China’s National Financial Regulatory Administration (NFRA), the financial industry regulatory agency under the State Council of the People’s Republic, is continuing to promote Hong Kong as a venue for insurers and reinsurers to sponsor catastrophe bonds.Speaking at a conference...
As the pandemic continues to take a toll on the nation's businesses, employees rely on job-related benefits more than ever. Your business can turn to its employee benefits broker in Santa Rosa to ensure that you offer the critical...
With a dental plan, you can take care of your teeth and gums, catch certain health issues early or prevent them altogether, and spend considerably less money on checkups and teeth cleanings. Dental insurance can be confusing, though. For...
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With the peak of hurricane season upon us, it is important for businesses to know how to proactively minimize potential loss and maximize loss prevention in the event of a hurricane. Being well prepared is critical to...
The Hurricane season in 2024 has been extremely wrathful and led to tragic loss of human lives and caused havoc in states like Florida, North Carolina, and Georgia. According to science.org, the recent hurricanes Helene and Milton have caused...
LIC has announced to launch of a new pension product with the name of LIC’s Jeevan Dhara 2. LIC’s Jeevan Dhara 2 is a Non-Linked, Non-Participating, Individual. Savings, Deferred Annuity plan. In LIC’s Jeevan Dhara 2 proposer has the option...
Understanding the Costs of Commercial Property InsuranceHow much does commercial property insurance cost? On average, commercial property insurance has a median cost of $67 per month or about $800 a year. However, these figures can vary significantly based on...
