Insurance

best car insurance 24 The Travelers Insurance Company, commonly referred to as Travelers, Inc., is an American private insurance firm. It is the third largest issuer of U.S. Commercial Property Casualty Insurance, and the eighth largest issuer of U.S. non-business travel insurance through agents. The Travelers Insurance Company was established in insured travel in 1920. The company operates through a chain of brokers, which are responsible for giving and providing coverage to clients. The company’s core business is travel insurance. This type of insurance has proven to be extremely popular…

Mortgage impairment insurance is an essential product for mortgage lenders, particularly regional banks, credit unions, and community banks. It is primarily designed to provide coverage needed in the event an uninsured or underinsured damages a mortgaged property and that borrower (a homeowner or a commercial property owner) failed to maintain the required property insurance, and subsequently defaults on their loan as a direct result of the loss or damage to the property. “All mortgage lenders, originators, and servicers should carry mortgage impairment insurance,” said Paul Zubrowski, assistant vice president of…

U.S. state attorneys general and lawyers for local governments are expected on Wednesday to unveil a landmark, $26 billion settlement resolving claims that the three largest U.S. drug distributors and drugmaker Johnson & Johnson helped fuel a nationwide opioid epidemic, a person familiar with the matter said. Under the settlement proposal, distributors McKesson Corp , Cardinal Health Inc and AmerisourceBergen Corp are expected to pay a combined $21 billion, while Johnson & Johnson would pay $5 billion. More than 40 states are expected to sign onto the settlement, the source…

American International Group (AIG) has reported net income attributable to AIG common shareholders of $3.9 billion in the first quarter (Q1) of 2021, up from $1.7 billion in the prior year quarter. The Group attributes the significant increase ($4.41 per diluted common share, compared to $1.98) to higher net investment income, stronger equity market performance, and improved general insurance underwriting income. AIG’s general insurance business reported gross written premium (GWP) of $10.7 billion in the three moths ending March 31, 2021 – a 6% increase from the $10.1 billion in…

Global commercial insurance prices rose 18% in the first quarter, according to Marsh’s latest Global Insurance Market Index. That follows average annual increases of 22% in Q4 2020 and 20% in Q3 2020. The first quarter of 2021 was the first to show a drop in the average rate of increase since the index reported the first rise in global rates in the fourth quarter of 2017. Increases across geographies moderated due to generally slower rate rises in property insurance and financial and professional lines, according to Marsh. The UK,…