Author: completebodyneeds

Read full story for latest details.

Britain’s finance minister George Osborne said on Wednesday he would raise the tax on motor and home insurance premiums by 0.5 percentage points to 10 percent to fund flood defenses, boosting insurance shares as the rise was smaller than anticipated. The tax hike follows a 3.5 percentage point rise in insurance premium tax last year. “I am going to increase the standard rate of Insurance Premium Tax by just half a percentage point – and commit all the extra money we raise to flood defense spending,” Osborne said in the annual budget speech. Roadside recovery firm the AA [the Automobile…

When you purchase through links on our site, we may earn a commission at no extra cost to you. Learn more. Fetch and Figo offer some of the most extensive coverage in the pet insurance industry. Fetch offers unique coverage for things like advertising and paying a reward for a stolen or lost pet as well as virtual vet visits up to $1,000. Meanwhile, Figo’s prices are often hard to beat. So, which one will cover what you need and fit into your budget the best? We compare coverage, customer service and reputation, claim processing, customizations, and prices and explain…

The Pennsylvania Insurance Department (PID) is touting its success in growing the insurance agent workforce in the state. Over the last three years, the state has made entry for new insurance agents into the insurance industry faster, while also encouraging a new generation of individuals to consider a career in insurance, PID says. In 2023, the state eliminated various licensing fees and reduced agent application review times from 20 days to under eight days. PID claims that since this streamlining of credentialing for those seeking a career in insurance, 33,000 qualified licensees have joined the workforce. The following year, PID…

Ki, the algorithmically powered Lloyd’s digital-follow platform, announced it has added capacity to its platform, allowing brokers to access larger line sizes across six Lloyd’s syndicates. Tokio Marine Kiln (TMK) will become Ki’s fifth capacity partner, utilizing Ki’s technology to offer a focused allocation of digital-follow capacity across select classes. Bringing tailored capacity to the platform demonstrates the flexibility of partnering with Ki by targeting appetite to the strategy of carriers in a disciplined algorithmic underwriting environment designed for follow business, according to Ki. Ki capacity partners include Beazley, QBE, Aspen (now part of Sompo Group), and Travelers, alongside Ki’s…

Lockton revealed new details this week of its future global headquarters located in Leawood, Kansas. The insurance brokerage will be based in a twelve-story building that will serve as the centerpiece of a 34-acre project. Lockton first announced the headquarters project in December 2025. The project is scheduled to break ground this summer, and Lockton is expected to relocate in early 2030. “This headquarters is more than a new address. It’s a future-focused destination designed to elevate how we serve clients and how we support our people,” said Ron Lockton, Chairman and CEO of Lockton. “The design supports our growth,…

Neos, a UK connected home insurer, announced last week it has secured a £5 million (roughly $6.4 million) series A investment led by Aviva Ventures together with strategic partner Munich Re. The strategic investment accelerates Neos’ growth as the UK’s first company to offer a home insurance product that uses smart home technology to proactively protect homes from fire, water damage and theft, the company said in the announcement. “The new investment will let us not only develop our connected home systems but also grow our underwriting capacity, through an MGA agreement with Munich Re,” Neos CEO Matt Poll said…

When you purchase through links on our site, we may earn a commission at no extra cost to you. Learn more. Fetch and Nationwide are two powerhouse pet insurance providers. While they each offer unique pet insurance plans, they also have many similarities in their coverage and policies. We compare Fetch and Nationwide’s coverage, customer service and reputation, claim processing average, price, and plan customizations to help you clearly see what similarities and differences they have. We also choose a winner and explain why we think one company comes out on top of the other. Policy Coverage Plan Coverage Winner…

Insurance Journal’s Risky Future series is hosting the “Commercial Auto, Telematics & Fleet Risks” Demo Day, a series of free AI tool demonstrations designed exclusively for commercial auto carriers, fleet underwriters, risk managers, brokers and more. This event features vendors that will demo connected-vehicle technology, driver monitoring, loss-prevention tools, and analytics platforms designed to improve fleet safety and profitability. Expect real-world use cases for underwriting, pricing, claims mitigation, and compliance. In partnership with Insurance Journal, Risky Future’s AI Tools for Commercial Auto, Telematics & Fleet Risks Demo Day will be held on Wednesday, April 29, beginning at 1pm ET. Each…

Often considered more a problem for Western North America, wildfires are becoming more intense, frequent and damaging in the East, such as this week’s blaze that destroyed dozens of homes in Georgia, fire scientists said. Researchers blame a number of factors including climate change causing fuel to dry out and be more flammable, a record drought, tens of millions of tons of dead trees from Hurricane Helene and just the large area where dense forests and high numbers of people try to coexist. So far this year, 2,802 square miles (7,258 square kilometers) of the United States has burned in…