Phones to dentures: insurer shares top 10 contents claims – Daily – Insurance News

Mobile phones, glasses and laptops are the items New Zealanders are most likely to misplace, damage or lose to thieves, contents claims data shared by IAG brand State Insurance NZ reveals. Rounding out the list of New Zealand’s most claimed for contents were jewellery, appliances, furniture, hearing aids, bikes, carpets – and dentures. “Dentures snuck … Read more

Insurer off hook for settlement where there was no lawsuit

A federal appeals court on Wednesday affirmed a lower court ruling and held an insurer is not obligated to pay for a settlement where a lawsuit was never filed. Grand Rapids, Michigan-based Trident Fasteners Inc., an automotive supplier that makes customized screws, bolts and other fasteners for use as component parts, received complaints about defective … Read more

UK Insurer Aviva Builds Private Client Business With Azur Acquisition

UK Insurer Aviva has agreed to sign a binding agreement with the specialist managing general agent Azur Underwriting Ltd., to acquire its high-net-worth personal lines business in the UK and Ireland. Financial details of the transaction, which will be funded by Aviva Insurance Ltd, were not disclosed. The acquisition supports Aviva’s ambition to become the … Read more

Lloyd’s Insurer Hiscox to Provide Insurance for Ukraine Grain Shipments

Hiscox is committed to a planned insurance consortium providing cover for ships traveling through a safe passage from Ukraine, its chief executive said on Wednesday, as the Lloyd’s of London insurer shares plunged on a first-half loss. The first grain-carrying ship to leave Ukrainian ports in wartime, following a deal brokered by Ankara and the … Read more

French Insurer AXA Posts 3% Rise in H1 Net Profit

French insurer AXA announced a new share buyback program as it posted a 3% rise in first-half net profit, thanks to higher revenues from areas such as health insurance which outweighed the financial impact of the war in Ukraine. AXA, Europe’s second-biggest insurer behind Germany’s Allianz, earned 4.1 billion euros ($4.2 billion) compared to 3.99 … Read more

UK Motor Insurer Direct Line to Raise Premiums After H1 Profit Hit

British motor insurer Direct Line is raising premiums after higher claims hit its first-half profits, as the company feels the effects of soaring prices for everything from used cars to spare parts. Chief Executive Penny James said on Tuesday the company saw claims inflation at around 10% for the year, and “our rate increases … … Read more

Liberty Mutual Insurance Acquires Malaysian Insurer AmGeneral

Liberty Mutual Insurance has completed the acquisition of Malaysian insurer AmGeneral Insurance Berhad, which is expected to make Liberty Mutual the country’s largest auto insurer. AmGeneral was previously 51%-owned by AmBank Group and 49%-owned by Insurance Australia Group. Liberty Insurance Berhad acquired 100% of the shares of AmGeneral, and AmBank continues to hold a 30% … Read more