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In a positive development for the reinsurance sector, Mereo Insurance Limited, a Bermuda-based start-up led by industry stalwart Brian Duperreault, has received a noteworthy preliminary A-financial strength assessment and long-term issuer credit rating from global credit rating agency AM Best. Key Strengths of Mereo Insurance Recognised by AM Best: The preliminary assessment from AM Best … Read more
In California, homeowners seeking insurance coverage are facing significant delays with the FAIR Plan, the state’s insurer of last resort. This situation is causing distress among potential homebuyers and current homeowners, as reported by CBS Sacramento and ABC7 San Francisco. The FAIR Plan, often the only option for those in high-risk areas, especially for wildfire … Read more
Obamacare is making waves again, and for all the right reasons! For the third year in a row, the Affordable Care Act (ACA) is seeing record numbers of people signing up for health insurance. This year, a whopping 19 million folks have chosen ACA plans. That’s a lot of people making a smart choice for … Read more
In Florida, a significant legislative effort is underway to address the soaring costs of windstorm insurance for condominium owners. A pair of bills recently filed at the Florida State Capitol propose a novel approach to this issue, focusing on the way roofs of condo buildings are insured. The Rising Insurance Crisis Condo owners especially in … Read more
Aspen Insurance Which is owned by Apollo has officially filed for an Initial Public Offering (IPO) in the United States. This move marks a significant step for the company, which went private in 2019 following an all-cash acquisition by funds affiliated with Apollo Global Management, valued at $2.6 billion. While the specific details regarding the … Read more
If you’re wondering about the cost of private health insurance in 2024, you’re not alone. It’s a hot topic, and I’ve got some insights to share with you. It is expected that health insurance premiums are going up a bit in 2024. If you’re buying a private plan, you might be spending around $584 per … Read more
Mercury Insurance along with Los Angeles Kings has unveiled a groundbreaking augmented reality (AR) with titled “Where’s Bailey?” This initiative marks a significant step in fan engagement, leveraging technology to create a unique and interactive experience. The “Where’s Bailey?” AR experience is the brainchild of Nigel Sussman who is a renowned artist and muralist known … Read more
As the 2024 presidential election draws near, President Joe Biden is positioning health care at the forefront of his campaign. Biden’s approach to health care reform reveals his thoughts that health care is a right, not a privilege. His policies aim to make health care more affordable and accessible, which not only benefits public health … Read more
