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Regulator Irdai Flags Rising Mis-Selling Complaints, Urges Root Cause Analysis By Insurers
3+ hour, 58+ min ago (576+ words) Irdai's 2024-25 annual report highlights a rise in unfair business practice grievances to 26,667 (22.14% of total complaints), driven by mis-selling. Regulators advise insurers to assess product suitability, implement channel controls, and conduct periodic root-cause analyses. Insurance penetration stagnated at 3.7%, below the global…...
2026 Edition: Best Credit Cards for Insurance Premiums
7+ hour, 39+ min ago (1806+ words) Insurance premiums are a category that banks have progressively excluded over the years. When I first started writing this blog a decade ago, you could easily earn up to 4 mpd on premium payments. Today, you'd be lucky to earn anything!...
Insurance expert says now is the time to take a close look at your policies
15+ hour, 42+ min ago (339+ words) TALLAHASSEE, Fla. (WCTV) - The start of the year is often a good time to examine your home and car insurance policies and make necessary repairs, according to an insurance professional. Carl Fuqua with Fuqua Insurance said right now is also…...
Wrong Policies, Rising Complaints: The Insurance Sector Faces a Test of Trust
18+ hour, 18+ min ago (328+ words) FCRF Launches Flagship Compliance Certification (GRCP) as India Faces a New Era of Digital Regulation Mis-selling goes beyond simply providing incorrect information. It includes selling insurance policies without adequately assessing a customer's actual needs, risk profile, or financial capacity. In…...
Good News for Georgia: Liberty Mutual and Safeco Join State Farm in Slashing Auto Premiums
18+ hour, 24+ min ago (882+ words) Good news is coming for Georgia drivers. Another wave of auto insurance rate cuts is here. This time, it's from Liberty Mutual and Safeco. It's a trend, and it's a welcome one. After years of watching premiums climb, are we…...
New year, new you: A simple insurance check you can do without an agent, Money News
20+ hour, 40+ min ago (1727+ words) You know that stack of insurance documents sitting in your email? The ones you haven't looked at since the day you signed up? We're approaching the start of a new year, and 'tis the season when most people finally think…...
Mis-selling in insurance sector significant concern: Irdai
22+ hour, 48+ min ago (437+ words) New Delhi, Jan 4 (PTI) Mis-selling is a significant concern in the insurance sector, and insurers need to conduct a root cause analysis to identify the underlying causes, the regulator Irdai said in its latest annual report. The total number of…...
UAE: Can insurance deny car repair coverage after heavy rain damage?
1+ day, 2+ hour ago (492+ words) Sun, Jan 04, 2026 | Rajab 16, 1447 | Fajr 05:43 | DXB 22.3C Once an insured pays the premium, an insurer becomes legally obligated to compensate for losses only in accordance with the risks, terms, and conditions expressly agreed in the policy Question: My vehicle sustained minor damage…...
Fines for uninsured drivers to DOUBLE under government plans to bring down car insurance costs...
1+ day, 4+ hour ago (490+ words) The number of penalty points drivers receive will also go up under the plans FINES for uninsured drivers will double under new government plans to bring down car insurance costs. A new road safety strategy to be announced by Labour…...
Insurers told to make policies easier to understand
1+ day, 4+ hour ago (9+ words) Insurers told to make policies easier to understand'AOL.com...