SINGAPORE – All NTUC Income Integrated Shield Plan (IP) policyholders will soon have to pay for part of their hospital bills, and those with other…
View More Insurers moving away from covering hospital bills fully
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U.S. taxpayers to pay Capitol siege tab as government shuns insurance
(Reuters) – U.S. taxpayers will be on the hook for damage from a mob attack on the U.S. Capitol in Washington on Wednesday because the…
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African Insurance Awards – 6th Edition (2020)
Post-pandemic recovery will be the main theme (front and centre) at the 2020 Virtual Edition of the African Insurance Awards hosted by the Africa Re Group…
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AIA to extend free Covid-19 special coverage for customers, staff till mid-2021
SINGAPORE (THE BUSINESS TIMES) – AIA Singapore will extend its free Covid-19 special coverage to the end of June 2021, it said in a press…
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Threat of crackdown on U.S. insurers fades as political 'Blue Wave' sputters
NEW YORK (Reuters) – Insurers appear to have dodged a revival of strict regulations and policy upheavals after an anticipated Democratic “Blue Wave,” which would…
View More Threat of crackdown on U.S. insurers fades as political 'Blue Wave' sputters
Lower MediShield Life payouts proposed for patients at private hospitals
SINGAPORE – The amount of private hospital bills that MediShield Life will cover will be cut from 35 per cent to 25 per cent from the…
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French insurer AXA weighs sale of S'pore business to raise cash
AXA is considering a sale of its Singapore business as it seeks to raise funds divesting peripheral operations, according to people familiar with the matter.…
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Trump plans order to require pre-existing condition coverage
WASHINGTON (BLOOMBERG) – President Donald Trump said he will be “pursuing” an executive order in the next two weeks requiring health insurance companies to cover…
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Great Eastern offers new insurance plan for self-employed, freelancers, gig economy workers
SINGAPORE – Great Eastern (GE) has rolled out an insurance plan for self-employed, freelance and gig economy workers amid the Covid-19 outbreak, in a tie-up…
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The insurance industry has no intention of footing the bill for coronavirus shutdowns, will Colorado lawmakers make them?
The Royal Gorge Route Railroad is a highly visible piece of the Fremont County economy, bringing 150,000 riders and $30 million in economic activity per…
View More The insurance industry has no intention of footing the bill for coronavirus shutdowns, will Colorado lawmakers make them?
Global commercial insurance pricing rises by 14% in first quarter
NEW YORK (Reuters) – Global average commercial insurance prices increased 14% in the first quarter, driven in part by rises in property insurance rates, insurance…
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Bank of England backs COVID-19 pause in insurers' dividends
LONDON (Reuters) – The Bank of England said on Wednesday that it welcomed the decision by some insurers to pause paying dividends due to the…
View More Bank of England backs COVID-19 pause in insurers' dividends
Nine dead in Turkey after quake hits rural Iran border region
ISTANBUL (Reuters) – Nine people died and hundreds of buildings collapsed in southeastern Turkey on Sunday after a magnitude-5.7 earthquake struck near the border with…
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Chile protests drive doubling in commercial insurance costs
LONDON (Reuters) – Insurance premiums to protect shops and offices in Chile from damage caused by protests have at least doubled, industry sources say, as…
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