VENTURE CAPITAL POST

Hurricane Beryl is expected to cause approximately $2.7 billion in damages to US insurers, as estimated by catastrophe modeling firm Karen Clark & Co (KCC).

Fifth Third Bank has agreed to pay $20 million to settle allegations about creating fake customer accounts and selling unnecessary car insurance.

Citizens Property Insurance in Florida may raise premiums by hundreds next year.

A Congressional Budget Office (CBO) report revealed that the uninsured rate among Americans will increase from 7.7% in 2024 to 8.9% over the next decade.

Nationwide Insurance announced that it would cancel coverage for nearly 100,000 pets across the US.

Florida's officials report that rising commercial property insurance prices have caused hundreds of nursing homes to close in the last five years.

An American businessman is currently on trial in Jamaica for allegedly hiring a hitman to kill his wife to collect a massive life insurance payout.

Industry records show that storms and extreme rain caused a record £573 million ($715 million) in UK home insurance claims last year.

Car insurance prices are increasing at an alarming rate, and hundreds of thousands of drivers are expected to see a rate hike of nearly 20% this year.

The annual Insurance Regulation Report Card determined the effectiveness of the states' insurance regulatory system. The report revealed that Vermont has the best insurance regulation, receiving an A+ grade.

A recent study that focused in measuring health care openness and access ranked Vermont among the worst in the nation. Jared Rhoads, a research project manager with the Dartmouth Institute for Health Policy and one of the authors of the study, cited the state's over-regulation as one of the factors for the ranking.

Insurers should consider climate risk more, advised by the investment group.

The Property Casualty Insurers Association of America (PCI) is strengthening its adherance to its rules and policies.

Next Insurance raised a seed fund of $13 million led by Zeev Ventures together with TLV Partners and Ribbit Capital. The fund will be used to help small businesses seek and get insurance online without any difficulty.

To secure assets from a company sale, there are two main things that one needs to do: make sure the business entity of the company is preferable for private assets protections and put the said assets in an adequate insurances and retirement accounts.