As the hearing for a case filed by the Insurance Council of Australia (ICA) has begun, billions of dollars are at stake if the court decides to include the COVID-19 pandemic to the application of the interruption insurance policy.
The...
Ping An Insurance Group raised its stake on British lender HSBC Holdings, acquiring additional shares of 10.8 million.
China’s insurer filed the investment to the Hong Kong stock exchange last Friday, Sept. 25, citing HSBC’s average price per stock of...
The Korea Insurance Development Institute (KIDI) announced on Wednesday, Sept. 16, its plans to develop an insurance product covering individuals and businesses of financial damages brought by the spread of infectious diseases.
According to the agency, the product will come...
Startup insurer BIMA recently snagged $30 million in funding, which will be used to provide additional insurance and telemedicine services, said Tech Crunch. The improved services will be available on its mobile platform.
The funding was obtained through a growth...
California legislature passed a mental parity bill last September 1, requiring insurance companies to cover mental conditions, addiction, along with medical care.
The increase of the mental health coverage helps people to lessen out-of-pocket expenses from assessment, therapy, rehabilitation, and...
Following the closure of companies in Illinois, Chicago due to the pandemic, about 175,000 residents are expected to lose universal health coverage.
An estimated 186,999 workers in the state have become unemployed since March, leaving them uninsured. Across the state,...
Denver, Colorado-based insurance software provider Vertafore is slated to be acquired by Roper Technologies for $5.35 billion. The company decision was announced on Thursday, August 13, 2020. The acquisition is reportedly the largest takeover deal in the firm’s history,...
Insurance technology firm Zego is collaborating with e-scooter company Ginger for the United Kingdom’s first trial of e-scooter rental legalization on UK roads, said Insurance Journal. The insurtech will be providing coverage for the 12-month trial.
The UK government recently...
Amazon’s move to expand services globally debuts in India, as the company announced auto insurance products to cover two to four-wheelers in the country.
On Tuesday, July 21, the company announced a partnership with insurtech company Acko General Insurance, to...
Digital insurance app Brolly was recently bought by Direct Line Group, said Tech Crunch. The transaction will be closed in the third quarter. No acquisition information has been disclosed as of yet.
Direct Line Group marketing director Kerry Chives did...
