Listen to article (2 minutes) The hottest thing in life insurance for more than a decade might be cooling off. A long-running stock-market rally and low interest rates combined to create the perfect c...
Tag: insurers
FTX-Linked Crypto Firms Are Getting Pushback From Insurers
FTX imploded back in November and there have been a number of developments since then. The effect of the crypto exchange’s collapse is still being felt by both users and companies in the space, and th...
Insurers Follow Auditor in Shunning Crypto Companies
Insurers are increasingly denying or significantly limiting coverage to clients involved with cryptocurrencies due to the collapse of exchange FTX. Inconsistent regulation and volatile crypto prices h...
In Hurricane Ian’s Wake, Insurers and Homeowners Gear Up for Coverage Fights
Litigation is looming for home insurers in Florida as cash-strapped, underinsured homeowners—paired with an aggressive plaintiffs’ bar—are expected to turn to the court system to try to force payments...
Health Insurers And 13M Enrollees Cheer Senate’s Extension Of Obamacare Credits
The U.S. Senate Sunday, Aug. 7, 2022, passed the Inflation Reduction Act, which expands tax credits … [+] to buy individual coverage under the Affordable Care Act for millions Americans. This vo...
Goldman Sachs Survey Shows Insurers Are Warming Up to Bitcoin and Crypto
Wall Street banking giant Goldman Sachs recently released the data from its annual insurance survey. Interestingly, for the first time, the survey had an outlook on cryptocurrencies. After surveying n...
Goldman Sachs Survey Indicates Insurers Slowly Warming to Crypto Goldman Sachs Survey Indicates Insurers Slowly Warming to Crypto
In its latest survey of the insurance sector, Goldman Sachs has, for the first time, included questions related to cryptocurrencies. The replies of top global asset managers show that they’re slowly r...
11% of US insurers invest — or are interested in investing — in crypto
United States-based insurers are the most interested in cryptocurrency investment according to a Goldman Sachs global survey of 328 chief financial and chief investment officers regarding their firm’s...
Goldman Poll Finds Insurers With $13 Trillion Expect a U.S. Recession
(Bloomberg) — Insurance executives who oversee more than $13 trillion in assets expect the U.S. to enter a recession in the near future, according to an annual survey conducted by Goldman Sachs ...
Russia crisis begins disrupting Ukraine air travel as insurers drop some aircraft coverage
An Ukraine International Airlines passenger plane is seen as Turkey’s first official spotter area has been put into service for aviation enthusiasts and photographers at Istanbul Airport in Ista...
Humana Sinks, Driving Down Insurers, After Cutting Medicare Outlook
(Bloomberg) — Humana Inc. shares plunged the most intraday in 13 years, dragging down rivals’ stocks, after the health insurer cut its forecast for Medicare membership growth by about half. Huma...
Best’s Commentary: Corporate Governance Lessons for Insurers in the Wake of the Failure of FTX
SINGAPORE–(BUSINESS WIRE)–The collapse of the cryptocurrency exchange FTX highlights the importance of effective corporate governance, according to a new AM Best commentary. The Best’s Commentary, “Co...