Sen. John Kennedy (R-La.) led calls to reform the National Flood Insurance Program (NFIP) during a hearing Thursday, accusing the Federal Emergency Management Agency (FEMA) of lying to homeowners about their insurance rates. The FEMA-run program provides flood insurance to property owners, renters and businesses. Unless lawmakers move to reauthorize, it is set to lapse…
India Business News: LIC, the insurance major, brought good news for its investors as its stock price reached the Rs 900 mark on BSE, resulting in positive returns for pol
In the first half of the current financial year, LIC s new business premium income (individual) segment registered a 2.65 per cent growth to Rs 25,184 crore as against Rs 24,535 crore in the year-ago period, as per the filing. New business premium is the premium due in the first policy year of a life insurance contract.
Challenges by Consumer Watchdog to double-digit auto and homeowners insurance rate hikes requested by State Farm, Allstate, Pacific Specialty, and GEICO that were resolved in the last two months resulted in total savings of $884.8 million for California policyholders. Additionally, also in response to requests by Consumer Watchdog, Allstate and State Farm agreed to lift restrictions on sales of new auto policies that the companies had implemented in 2022. And Pacific Specialty agreed to stop usi