Month: July 2024

Understanding Assembly Bill 35: Implications for 2024 and Beyond In a compelling discussion on recent legislative changes, PCF Healthcare Practice Leader Brian King delves into the facets of Assembly Bill 35 and its far-reaching impacts on the healthcare industry. This bill aims to tackle several critical areas within healthcare insurance, promising significant transitions in coverage […]

Fitch Upgrades Manulife’s Ratings; Outlook Stable (USA) In a significant development for policyholders and investors, Fitch Ratings has upgraded the ratings of Manulife’s subsidiaries, including John Hancock Life Insurance Company of New York and John Hancock Life & Health Insurance Co., from ‘AA-‘ to ‘AA’. The outlook remains stable. This upgrade underscores the company’s strong […]

Life Insurance: A Lifelong Assurance for Alice E. Piaskowski Alice E. Piaskowski, a retiree from John Hancock Life Insurance Company, recently passed away in West Roxbury, MA. Alice dedicated 40 years of her professional life to the life insurance industry, where she witnessed firsthand the transformative impact of life insurance on people’s lives. Her journey […]

Lockton Discusses Key Challenges for US Commercial Insurers In a recent analysis, Lockton’s risk practices leader provides an in-depth look at the current headwinds impacting US commercial insurers. These economic challenges not only affect commercial insurers but also highlight the importance and benefits of comprehensive life insurance coverage. Economic Factors Influencing Commercial Insurance Lockton identifies […]

Two Agencies Join Wheeler & Taylor Insurance: A Boost for Life Insurance Services Wheeler & Taylor Insurance has announced the merger of two prominent agencies under its umbrella, marking a significant expansion in their life insurance offerings. “This merger represents our commitment to providing comprehensive insurance solutions tailored to life’s many stages,” stated a spokesperson […]

Cayman Re/Insurance Saw Major Boost in Q2 The Cayman Islands re/insurance sector experienced a significant surge in the second quarter (Q2) of 2024, with new licenses issued reaching a remarkable milestone. This development underscores the expanding appeal of the region as a hub for insurance and reinsurance activities. New Licenses Issued Reach Milestone According to […]

Global Property Catastrophe Re/Insurance Market in Mid-2024 As of mid-2024, the global property catastrophe re/insurance market shows significant signs of stability and growth. According to a recent report by Guy Carpenter, a leading global risk and reinsurance specialist, the market’s limits and capital across reinsurers have seen an increase. This development brings a wave of […]

Parametric Reinsurance: A Potential Solution to the Insurability Crisis The insurance industry is increasingly turning to parametric reinsurance solutions to address the growing insurability crisis, which affects both businesses and individuals in various stages of life. This innovative approach could also offer substantial benefits in life insurance, including Business/Career Insurance, Retirement Insurance, and Marriage/Divorce Insurance. […]

Highstreet Acquires Flagler Insurance Agency to Expand in Florida Highstreet Insurance Partners has announced its acquisition of Flagler Insurance Agency, a strategic move aimed at expanding its presence in the high-growth markets of Florida. This acquisition includes three Flagler offices, which will now operate under the Highstreet umbrella, enabling the company to offer a more […]

Resilience Names Underwriting Chief In a significant move for the insurance industry, Resilience has appointed a new underwriting chief. The company, renowned for its unique approach to cyber risk management, has selected a seasoned industry professional to lead their underwriting efforts. This strategic decision arrives at a crucial time when the role of life insurance […]