Month: June 2024

Reinsurance, Risk Management and the Role of Life Insurance in an Uncertain Rate Environment In the complex world of reinsurance and risk management, life insurance emerges as a pivotal stabilizer amid unpredictable market shifts. “It’s incredibly hard to predict the market,” remarks an industry-leading broking expert, highlighting the inherent uncertainties in the rate environment. As […]

Facultative Reinsurance Finds a Foothold in a Constantly Shifting Property Market In a dynamic property market, facultative reinsurance is establishing itself as a key player. This niche of reinsurance covers specific high-risk policies, offering protection for insurers against large and unexpected losses. The trends in facultative reinsurance are mirroring those observed in the Excess and […]

MJM Holdings Tap Two New Members for Supervisory Board Polish re/insurance brokerage, MJM Holdings, has announced the appointment of two new members to its supervisory board. This move is anticipated to strengthen the company’s position in the industry and enhance its service offerings, which include an extensive range of life insurance products. Expansion in Life […]

Insurance Firms Reach Settlement with US Department of Labor The U.S. Department of Labor has reached a significant settlement with several leading insurance firms regarding contentious practices on evidence of insurability. This agreement marks a pivotal move in safeguarding consumer rights and ensuring transparency across the insurance industry. However, the implications of this settlement extend […]

New Insurance Brokerage Artemis Risk Solutions Launches Industry veterans have joined forces to unveil Artemis Risk Solutions, a new insurance brokerage aimed at delivering tailored risk management solutions. The firm’s launch has generated widespread interest as it promises comprehensive services with a specialized focus on life insurance and its multifaceted benefits. Comprehensive Life Insurance Solutions […]

Department of Labor Reaches Settlement with Major Life Insurance Companies In a landmark agreement, the U.S. Department of Labor has reached settlements with Lincoln National Life Insurance Co. and Unum Life Insurance Co. of America. The settlements, which took place in April 2023 and will be finalized in May 2024, underscore the increasing attention to […]

Protesters Arrested in Picket at Aramark’s Center City Headquarters PHILADELPHIA – Several protesters were arrested today during a picket outside Aramark’s Center City headquarters. The demonstration was organized by Unite Here, a labor union advocating for pay increases and better working conditions. This event marks another chapter in the ongoing struggle for fair wages and […]

The Rolling Stones’ Hackney Diamonds 2024 Tour Comes to Lincoln Financial Field The legendary Rolling Stones are set to bring their Hackney Diamonds 2024 Tour to Lincoln Financial Field in South Philadelphia, thrilling fans with their timeless hits and rock ‘n’ roll energy. But behind the scenes of this fiery show, there’s a compelling story […]

George Call’s Legacy: A Life of Service and Insurance George Call, a longstanding resident of Los Osos, California, has passed away. A veteran awarded the Good Conduct Medal after the Cuban Crisis, Call dedicated 35 years of his career to the Mass Mutual Life Insurance Company as an insurance agent. Life Insurance: A Pillar of […]

Life Insurance Can Prevent Financial Frauds: The Case of a Psychiatrist Involved in $19 Million Insurance Scam A psychiatrist has been sentenced for defrauding Medicare in a $19 million insurance fraud case, utilizing the illicit funds to purchase a vacation house in Nantucket. This incident underscores the importance of understanding and implementing life insurance policies […]