Canada's #1 Blog for Life & Health Insurance Information
/ ThinkAdvisor provides financial advisors, registered investment advisors and wealth managers with comprehensive coverage of the products, services and information they need to guide their clients in making critical wealth, health and life decisions.
Article 0 Comments It looks like California’s largest homeowners insurer is getting a large rate increase following billions of dollars in losses from the Los Angeles wildfires and pullback on writing new policies in the state. Administrative Law Judge Karl Seligman recommended approval of State Farm interim rate hike on Monday. California Insurance Commissioner Ricardo Lara still must make the final approval. Specifically, State Farm’s non-tenant HO-3 line would get a 17% increase, a 15% increase in its renter/condo line and a 38% increase in rental dwelling, while the carrier committed to refraining from a new round of nonrenewals through the end of 2025. The agreement also stipulates that parent company State Farm Mutual will make a $400 million capital infusion into State Farm. Related: In The Wake of Devastating LA Fires, Residents Begin to Rebuild The interim rates remain temporary, and are subject to a full hearing process. S&P Global Ratings on Tuesday lowered its financial strength and issuer credit ratings on State Farm General Insurance Co. to ‘A+’ from ‘AA’. The ratings remain on CreditWatch with negative implications, according to an announcement from S&P. “The rating action indicates uncertainties related to capital support from the State Farm group,...
/ ThinkAdvisor provides financial advisors, registered investment advisors and wealth managers with comprehensive coverage of the products, services and information they need to guide their clients in making critical wealth, health and life decisions.
The Tech Trend Radar 2025 report from Munich Re & ERGO provides an overview of emerging technology trends that may shape the future of insurance, structured around five key areas: Data & AI, Human Health, Connected Experience, Cyber & Crypto, and Redefining Industries Morristown, NJ (May 5, 2025) – Which innovations will shape insurance in 2025? Discover the game-changers in the Tech Trend Radar 2025 report — your guide to the technologies that matter, developed by experts from Munich Re and ERGO to identify and assess the most relevant insurance technology trends for the upcoming year. Created by insurers for insurers, the Tech Trend Radar 2025 aims to sharpen awareness, steer discussion and initiate new business opportunities that appeal to all insurance clients. The trends include a brief description, associated opportunities and risks, and selected use cases. Curious about all digital trends and solutions in insurance industry? Access the Tech Trend Radar 2025 report. Insurance in the age of AI What technological innovations will shape the insurance industry in 2025? How will AI Agents, Spatial Intelligence, and Digital Healthcare affect our industry? What opportunities and challenges do new technologies bring in the areas Autonomous Interactions, Deepfake Defence, and AI Search...
New York, NY (May 6, 2025) – Roadzen Inc., a global leader in AI at the intersection of insurance and mobility, is pleased to announce that its wholly owned UK-based subsidiary, Global Insurance Management Limited (GIM), has partnered with one of the world’s largest telematics providers to deliver an integrated, technology-led vehicle protection solution for the UK automotive retail and finance markets. The new solution combines real-time telematics-enabled asset tracking with Guaranteed Asset Protection (GAP) insurance. Designed for seamless integration into both auto dealership showrooms and online OEM sales channels, the bundled product offers vehicle owners theft deterrence, real-time monitoring, and financial protection—all through a single, digital-first platform powered by Roadzen’s Global Dealer Network (GDN) platform. With dealership clients already onboarding, Roadzen believes that the partnership is poised to generate seven-figure revenues annually. The strategic three-year partnership leverages GIM’s digital insurance distribution with the telematics partner’s best-in-class connected vehicle security technology, already deployed by more than 30 global vehicle manufacturers—including each of the top 10 OEMs—as well as major fleet operators across industries. It directly addresses a growing challenge in the UK, where rising vehicle theft is driving insurance premiums higher. The UK motor insurance market exceeds £17 billion annually,...
/ ThinkAdvisor provides financial advisors, registered investment advisors and wealth managers with comprehensive coverage of the products, services and information they need to guide their clients in making critical wealth, health and life decisions.
Article 0 Comments Federal investigators are outlining the final moments of a plane crash last month in upstate New York that killed a family from Massachusetts heading to the Catskills to celebrate a birthday and the Passover holiday. The victims of the April 12 crash in Copake, New York, included Karenna Groff, a former MIT soccer player named the 2022 NCAA woman of the year; her physician parents, Dr. Michael Groff and Dr. Joy Saini; her brother, Jared Groff, and his partner, Alexia Couyutas Duarte; and Karenna Groff’s boyfriend, James Santoro. The National Transportation Safety Board, in a preliminary report issued Friday, said the private plane departed Westchester County Airport in White Plains, New York, at around 11:30 a.m. heading north to Columbia County Airport in Hudson. Piloted by Michael Groff, the plane had left the Boston suburbs early Saturday morning, picking up Karenna Groff and Santoro in White Plains before making the short trip to the Catskills to celebrate Karenna Goff’s 25th birthday. But at about 11:57 a.m., Michael Groff informed air traffic control that he’d missed the initial approach to the runway at Columbia County Airport, according to the report. The controller then gave him new instructions for...
/ ThinkAdvisor provides financial advisors, registered investment advisors and wealth managers with comprehensive coverage of the products, services and information they need to guide their clients in making critical wealth, health and life decisions.
Article 0 Comments The U.S. Environmental Protection Agency announced a settlement for alleged violations of the Clean Air Act with Nalco Production LLC and Nalco Co. LLC. The companies manufacture polymer blend chemicals at their facility at 6216 W. 66th Place in Chicago, Illinois. The companies will pay $401,300 in penalties. EPA alleges the companies violated requirements to prevent chemical accidents by failing to develop and implement hazard assessments, provide process safety information, secure operating procedures or conduct periodic inspections on equipment. EPA also alleges the companies violated requirements to develop incident investigation and risk management plans. In addition to the monetary penalty, the companies will inspect their ventilation systems and pressure relief valves and add additional sensors. They will update record-keeping practices, including training materials for maintenance staff, and a revised procedure to investigate incident. Source: EPA Topics Pollution Illinois Manufacturing Chemicals Was this article valuable? Thank you! Please tell us what we can do to improve this article. Submit No Thanks Thank you! % of people found this article valuable. Please tell us what you liked about it. Submit No Thanks Here are more articles you may enjoy. Interested in Chemicals? Get automatic alerts for this topic.
Article 0 Comments Patriot Growth Insurance Services announce its partnership with Ladd Gardner Aviation Insurance (LGA), an aviation insurance agency based in Addison, Texas. Founded in 2007 by aviation enthusiast and industry veteran, Ladd Gardner, the agency brings deep expertise, a client-centric approach, and a rich legacy of aviation knowledge to Patriot. LGA specializes exclusively in aviation-related coverage, offering tailored solutions for aircraft owners, operators, and businesses. The agency provides many services, including coverage for small to large aircraft, mixed fleets, airport liability, and hangar insurance. Its unique ability to place coverage for complex fleets, ranging from private jets to warbirds and helicopters, sets the agency apart as a true expert in this specialized field. With an experienced team, the agency continues to grow under the leadership of Angie Harris. Harris brings two decades of aviation insurance experience and a strong technical background from her time at Boeing and the Federal Aviation Administration. Topics Texas Aviation Was this article valuable? Thank you! Please tell us what we can do to improve this article. Submit No Thanks Thank you! % of people found this article valuable. Please tell us what you liked about it. Submit No Thanks Here are more articles...
