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Tag: insurance

Fidelity CEO says federal government’s title insurance proposals are ’misguided’

May 15, 2024 No Comments Real estate , , , , , , , , , , ,

Despite persistently high interest rates, big four title firm Fidelity National Financial recorded a much stronger start to 2024 than it did a year ago. In first-quarter 2024, Fidelity reported total revenue of $3.299 billion, up from $2.474 billion a year ago. Its net earnings were $248 million, compared to a $59 million net loss [...]read moreFidelity CEO says federal government’s title insurance proposals are ’misguided’

A homeowners insurance perfect storm: Providers’ costs rise, users’ coverage shrinks

May 10, 2024 No Comments Real estate , , , , , , , , , , ,

Despite the necessary requirement for a homeowner to maintain insurance on their property for protection against human- and naturally-occurring disasters, the impacts of climate change are creating “natural” scenarios that are increasingly not covered by insurance. Such instances are accelerating in different parts of the country, leading insurers to drastically increase their prices, or, in [...]read moreA homeowners insurance perfect storm: Providers’ costs rise, users’ coverage shrinks

Fathom sells Dagley Insurance Subsidiary Back to Founder

May 8, 2024 No Comments Real estate , , , , ,

The sales proceeds of $15 million will strengthen the company’s financial position and support growth initiatives, Fathom Realty parent company said Monday of its latest move to shore up finances. At Inman Connect Las Vegas, July 30-Aug. 1 2024, the noise and misinformation will be banished, all your big questions will be answered, and new [...]read moreFathom sells Dagley Insurance Subsidiary Back to Founder

Honeycomb Insurance grabs $36M Series B from solo VC-led Zeev Ventures

May 7, 2024 No Comments Technology , , , , , , , ,

When Itai Ben-Zaken’s first startup failed in 2018, the former BCG consultant and Wharton MBA spent months trying to understand what he could have done differently during the five years he ran the company. After analyzing most of his major decisions, he concluded that while Comprendi, a digital ad recommendation business, was an interesting offering, [...]read moreHoneycomb Insurance grabs $36M Series B from solo VC-led Zeev Ventures

Bjak road tax – renewal optional, now free of charge; primary service to provide motor insurance renewals

May 7, 2024 No Comments Auto , , , , , , , , , , , ,

File image; new LKM and driver’s license formats Following a statement by the road transport department (JPJ) yesterday, online insurance aggregator Bjak has responded with a statement clarifying that road tax renewal is an optional service for its customers, and it is operating normally. The road tax renewal service by Bjak is now offered to [...]read moreBjak road tax – renewal optional, now free of charge; primary service to provide motor insurance renewals

Opinion: Title insurance matters. Here’s why.

May 1, 2024 No Comments Real estate , , , ,

Last month, the Biden Administration announced the revival of a previously abandoned pilot program that would waive the requirement for lender’s title insurance on certain home refinances – part of a misdirected effort to address housing affordability. Additionally, the CFPB has shortsightedly questioned the benefits and cost of title insurance. It’s uncertain whether federal regulators [...]read moreOpinion: Title insurance matters. Here’s why.

Title insurance executives are confident the Biden proposals won’t come to much

April 30, 2024 No Comments Real estate , , , , , , , , , , ,

Rising mortgage rates and a slower housing market than anticipated contributed to the weaker financial performance of the title segments of some of the nation’s largest title firms during the first quarter of 2024. Last week, big four members First American, Old Republic and Stewart all announced their earnings. Final big four title firm Fidelity [...]read moreTitle insurance executives are confident the Biden proposals won’t come to much

NYT learns how GM car buyers wound up in a program that raised insurance rates

April 30, 2024 No Comments Auto , , , , , , , ,

  The story about GM sharing driving data from connected vehicles with third parties now has a third installment. The quick recap is that New York Times reporter Kashmir Hill broke the news that GM was selling driving data about specific drivers and specific trips to LexisNexis and Verisk, two companies that help auto insurance [...]read moreNYT learns how GM car buyers wound up in a program that raised insurance rates

Key housing markets are starting to buck national trends: Redfin

April 26, 2024 No Comments Real estate , , , , , , , , , , ,

Even as the median U.S. home sale price remains near record highs and supply stays constrained in many locales, two of the most populous states that have seen a surge in demand since the start of the COVID-19 pandemic are showing signs of a pullback. That’s according to a pair of reports released Thursday by [...]read moreKey housing markets are starting to buck national trends: Redfin

Health insurance giant Kaiser notifies millions of a data breach

April 26, 2024 No Comments Technology , , , , , , ,

U.S. health conglomerate Kaiser is notifying millions of its members of a data breach earlier this month. In a legally required notice filed with the U.S. government on April 12 but made public on Thursday, the Kaiser Foundation Health Plan confirmed that 13.4 million residents had information taken in a data breach. The notice did [...]read moreHealth insurance giant Kaiser notifies millions of a data breach