Month: July 2024

VOSTF Proposal May Impact Life Insurer Private Letter Ratings CHICAGO/NEW YORK — The Valuation of Securities Task Force (VOSTF) of the National Association of Insurance Commissioners (NAIC) has put forward a proposal that could influence life insurers’ private letter ratings. This development is significant for various aspects of life insurance, affecting everything from Business/Career Insurance […]

Groundbreaking Studies from University of Central Florida Enhance Understanding of Life Insurance Orlando, FL—Recent studies conducted by the University of Central Florida (UCF) are shedding new light on the multifaceted benefits of life insurance. These findings come at a time when the demand for comprehensive coverage is seeing a significant rise. The Role of Life […]

Irene M. Safro Obituary (2024) – Paramus, NJ A Life Remembered Irene M. Safro, a beloved resident of Paramus, NJ, passed away earlier this month. Irene’s professional journey saw her contributing to multiple fields, including notable organizations like Delta Airlines, John Hancock Insurance, and Macy’s at Paramus Park. Throughout her years, Irene also remained an […]

Global Economies Boosting Life Insurance Sector – Swiss Re Institute Report The momentum of global GDP growth is expected to persist, and according to the latest findings from the Swiss Re Institute, major economies are playing a pivotal role in advancing the insurance sector, particularly life insurance. Reports suggest that the projected growth in global […]

Democrats Face Unforeseen Predicament: Evaluating New Leadership Options This past weekend brought a cascade of unexpected events leading the Democratic Party to reconsider their leadership, potentially replacing President Biden. This scenario emphasizes the unforeseen nature of life, where unexpected developments can upend even the most robust strategies. In light of these unpredictable changes, the benefits […]

Blackwell Captive Solutions’ President Awarded Top 50 Influential Women In Captive Insurance The health insurance industry celebrates a significant milestone as the President of Blackwell Captive Solutions has been named one of the Top 50 Influential Women in Captive Insurance. Recognized for her leadership, mentorship for women, and innovative strategies, this award signifies her exceptional […]

Ordinary Life Insurance Market May See Significant Changes The Ordinary Life Insurance market is set for a potential shake-up, with key players like Allianz, John Hancock, and MassMutual at the forefront. This evolving scenario offers various life insurance benefits, driving interest from consumers and businesses alike. As reported by EIN News, the changes are expected […]

Hub International Expands Footprint with Acquisition of Louisiana-Based Insurance Agency In a strategic move to bolster its insurance capabilities, Hub International has acquired a prominent Louisiana-based insurance agency. The merger is expected to enhance Hub’s reach and service offerings, particularly by expanding its life insurance products and solutions, which are becoming increasingly essential for individuals […]

Annual Benchmark Rate for California’s Workers’ Comp Set to Decrease In a significant policy shift, the California Insurance Commissioner has announced a decrease in the annual benchmark rate for the state’s workers’ compensation insurance. This decision overturns the rate increase request from the Workers’ Compensation Insurance Rating Bureau (WCIRB) and is expected to have broad […]

Insurance Carriers Triumph in Professional Liability Case In a landmark decision, insurance carriers have secured a significant victory in a professional liability case involving Somali entities and a $20 million policy. The Department of Justice (DOJ) played a pivotal role in this legal battle, which has now concluded in favor of the insurers. Understanding Professional […]