Investments

Great Lakes Cruise Ports Face Insurance Challenges Amid Boom
Data Analytics Great Lakes Cruise Ports Face Insurance Challenges Amid Boom

The Great Lakes cruise industry has reached unprecedented heights with a surge in popularity that has set the stage for a record-breaking year. With over 22,000 passengers from various continents planning to enjoy travel on the vast waters, the region gears up for over 700 port calls at

Australia's Homes Face Rising Insurance Costs Amid Disasters
AI & Automation Australia's Homes Face Rising Insurance Costs Amid Disasters

The escalating threat of natural disasters hovering over Australian properties has ignited concerns over skyrocketing insurance costs and the potential uninsurability of homes across the nation. With the frequency and intensity of these events continuing to rise, insights from the Climate Council

Massachusetts Homeowners Face Rising Insurance Nonrenewals
Digital Insurance Massachusetts Homeowners Face Rising Insurance Nonrenewals

Homeowners in Massachusetts are increasingly facing nonrenewals of their insurance policies despite the state’s reputation for being relatively safe from natural disasters. This year, nonrenewal rates have notably increased to 1.51%, which, compared to previous years, is a clear reflection of s

Zurich Invests in Ominimo to Revolutionize European Car Insurance
Startups & Investments Zurich Invests in Ominimo to Revolutionize European Car Insurance

Zurich Insurance Group, known for its global expertise in risk management, has made a notable investment in the Hungarian digital insurer Ominimo during its Series A funding round. This strategic move values Ominimo at €200 million (approximately $227.86 million), giving Zurich a minority share in t

How Will Insurance Firms Handle Economic Uncertainty?
Startups & Investments How Will Insurance Firms Handle Economic Uncertainty?

The world of insurance companies is facing substantial economic uncertainty with the intensification of global trade disputes and macroeconomic fears. According to new research from Goldman Sachs Asset Management, the primary concerns of insurance investment managers revolve around inflation, a

Spokane VA Center Doubles Claims Processed, Boosts Veterans' Aid
AI & Automation Spokane VA Center Doubles Claims Processed, Boosts Veterans' Aid

The Spokane Veterans Affairs (VA) Center has made significant strides in improving its claims processing capabilities. Over the past year, the Center doubled its claims processing amounts, leading to substantial financial outcomes and enhancing support for veterans. This remarkable improvement

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