insurance

Hong Kong is poised to become a hub for ILS such as catastrophe bonds, the Insurance Authority says

Hong Kong is poised to become a hub for ILS such as catastrophe bonds, the Insurance Authority says

“Our first mission is not to talk about downtown,” he said. “The first mission is aimed at resolving this huge defense gap about the natural disasters that exist in the world [and]particularly in this region and China.’ Catastrophe bonds, or cat bonds, are a type of ILS that transfer the risks associated with extreme weather …

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Hong Kong is poised to become a hub for ILS such as catastrophe bonds, the Insurance Authority says

Hong Kong is poised to become a hub for ILS such as catastrophe bonds, the Insurance Authority says

“Our first mission is not to talk about downtown,” he said. “The first mission is aimed at resolving this huge defense gap about the natural disasters that exist in the world [and]particularly in this region and China.’ Catastrophe bonds, or cat bonds, are a type of ILS that transfer the risks associated with extreme weather …

Hong Kong is poised to become a hub for ILS such as catastrophe bonds, the Insurance Authority says Read More »

Insurance companies use drones, manned aircraft and high-altitude balloons to spy on homes and deny coverage: report

Insurance companies use drones, manned aircraft and high-altitude balloons to spy on homes and deny coverage: report

Home insurance companies are increasingly using aerial imagery from drones and even high-altitude balloons as a tool to weed out properties deemed higher risk, according to a report. Angry homeowners reported losing their coverage after being told they had damaged roof shingles, backyard debris or had undeclared items like swimming pools or trampolines, The Wall …

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I got a ticket for distracted driving.  Will my insurance rates go up right away?

I got a ticket for distracted driving. Will my insurance rates go up right away?

I got a ticket for distracted driving because I was checking something on my phone while stopped at a red light. How long does it take before it affects my insurance rates? Will they go up immediately? – Rich, Ottawa If you get a distracted driving ticket and conviction, there are serious ramifications for your …

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Fannie Mae executes two credit insurance transactions to transfer risk on $22.0 billion in single-family loans

Fannie Mae executes two credit insurance transactions to transfer risk on $22.0 billion in single-family loans

WASHINGTON, April 4, 2024 /PRNewswire/ — Fannie Mae (FNMA/OTC) announced today that it has completed two new Credit Insurance Risk Transfer™ (CIRT™) transactions. CIRT 2024-L2 and CIRT 2024-H1 transferred together $709.0 million of mortgage credit risk for private insurers and reinsurers. “We appreciate the support of the 25 insurers and reinsurers who have committed to …

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Save on home insurance costs in 2024: From matching needs to bundling

Save on home insurance costs in 2024: From matching needs to bundling

In a period characterized by great uncertainty and fears about the future, cutting costs is almost necessary, so it is important to observe prudent financial behavior. Of course, there are expenses that we should not give up, such as insurance, because their whole essence is to protect us from large financial expenses that we cannot …

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Finding insurance solutions when money is tight

Finding insurance solutions when money is tight

Open this photo in the gallery: In an uncertain labor market, having some coverage should be a priority to protect families from loss of income.South_agency/iStockPhoto/Getty Images Sign up for Globe Advisor’s weekly newsletter for professional financial advisors on our registration page. Get exclusive news and insights from the investment industry, the week’s top headlines and …

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