INSURANCE

NANUET — A Clarkstown insurance carrier has settled a discrimination lawsuit brought by an Orthodox Jewish congregation for $200,000 over disputed plans to build a school on the former Grace Baptist Church property. The agreement with Ateres Bais Yaakov Academy of Rockland involves members of Clarkstown’s land use board taking courses on aspects of the …

Clarkstown Insurance is paying Ateres $200,000 to drop the lawsuit, officials say Read More »

Some car owners are concerned by recent revelations that their driving habits are being collected and shared by car manufacturers. According to New York Times, some automakers collect people’s driving habits — including braking, acceleration, trip length and speed — and share them with data companies. Data brokers then sell that data to insurance companies, …

Automakers are sharing our driving habits with insurance companies — and it could be costing us Read More »

ALDUICK, NJ April 5, 2024—(BUSINESS WIRE)–AM Best affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “aa-” (Superior) of the members of Old Republic Insurance Companies (Old Republic). Simultaneously, AM Best affirmed the FSR of A+ (Superior) and the Long-Term ICR of “aa-” (Superior) of Old …

AM Best confirms the credit ratings of subsidiaries of Old Republic International Corporation; Revises Outlook to Positive for Old Republic Life Insurance Company Read More »

The Office of Inspector General’s audit of the Medicaid subsidy for supportive housing says the program costs the state millions of dollars each year, but the state’s insurance commissioner says the audit “should be rejected almost entirely.” The audit aimed to determine whether there were problems with the legislative language that allows facilities to claim …

Kansas Medicaid inspector general and insurance commissioner split Read More »

leminuit / Getty Images Deciding when to buy a life insurance policy can be one of the most important financial decisions you will make. Get it too late and you’ll pay higher premiums. Get it too early and you could be paying unnecessarily for years. So, when is the ideal time to buy life insurance …

Here is the best age to get a policy Read More »

The probability of a major accident or disaster happening to a particular home is the same whether the owner has a perfect credit rating or is in the lowest mortgage category. So you might be surprised to learn that credit plays a major role in how much Americans pay to insure a home. In most …

Americans with bad credit pay 35% more for home insurance Read More »

The 7.2-magnitude earthquake that hit Taiwan’s east coast on April 3 caused significant damage, particularly in Hualien with collapsed buildings and infrastructure disruption. However, insurers are expected to weather the financial impact well, according to GlobalData, the London-based data and analytics company. Government-backed schemes are expected to reduce losses, although insurers may reassess risk exposure …

Taiwan’s property insurers likely to remain profitable despite earthquake losses: GlobalData Read More »