Month: June 2024

Brokerage to Pay Lotto-Funded Charity $7.3M over ‘Unsuitable’ Annuities In a significant financial ruling, a brokerage firm has been ordered to pay a substantial $7.3 million to a charity funded by lottery sources. The charity accused the brokerage of providing “unsuitable” annuity products that failed to meet the charity’s financial needs and objectives. The Issue […]

Ernest Rowland Obituary – East Haddam, CT (1949-2016) Ernest Newton Rowland, a beloved father and grandfather, passed away peacefully in East Haddam, CT, leaving behind a legacy of dedication and love. Born in 1949, Ernest touched many lives through his work and personal life. He is survived by his two children, Shaun and his wife, […]

Calif. Watchdog Group Taking In Millions, but May Be Saving Consumers Billions Recent reports indicate that a California-based consumer watchdog group has been successful in accumulating millions of dollars while potentially saving consumers billions on insurance premiums. This group’s efforts have been particularly effective in scrutinizing and challenging property and casualty insurance rate increases. The […]

AIG Takes Final Step to Complete Corebridge Separation In a significant development for the insurance industry, AIG has finalized the separation of Corebridge Financial, a major strategic move aimed at enhancing operational efficiencies and shareholder value. Corebridge is now independent, marking a new phase for both entities. Impact on Life Insurance Policyholders This move is […]

William Patrick Hankard OBITUARY William Patrick Hankard, a dedicated member of his community and a valued professional at John Hancock Mutual Life Insurance Company, passed away peacefully. He also bravely served as a medical corpsman in the US Navy during World War II, achieving the third and fourth-degree ranks. The Importance of Life Insurance Life […]

Democrat, Republican Senators Debate Over Cause of Rising Insurance Premiums The ongoing debate between Democrat and Republican senators has intensified over the causes behind rising insurance premiums. While one faction attributes the spike to increased spending and inflation, the other points to climate change as a pivotal factor. This debate, closely watched by industry experts, […]

Erie Insurance Continues Education Investment with Major Donation Erie Insurance, known for its commitment to community enrichment, has once again demonstrated its dedication to breaking the cycle of generational poverty through a substantial donation aimed at enhancing educational opportunities. This initiative comes as part of Erie’s broader strategy to invest in the future and financial […]

Presenting 2024’s Top Cyber Insurance Companies As the digital landscape continues to evolve, businesses and individuals alike are becoming increasingly aware of the importance of cyber insurance. Insurance Business America has just released its highly anticipated list of the top cyber insurance companies for 2024. This development comes at a time when the conversation around […]

Personal Auto Insurance on the Mend, but Homeowners’ Still Volatile – Fitch The insurance industry faces a mixed landscape in 2024, with notable differences in the health of various insurance sectors. According to a recent report by Fitch, personal auto insurance is showing signs of recovery, while homeowners’ insurance remains on shaky ground. Reinsurance Costs […]

Global Reinsurance Industry Outlook: Smooth Sailing or Stormy Seas? As the global reinsurance industry navigates through dynamic market developments, questions arise about its future trajectory. Expertise from AM Best suggests a nuanced forecast, where life insurance plays a crucial role in stabilizing the industry and offering numerous benefits to policyholders. The Role of Life Insurance […]