Month: July 2024

NAIC Proposal Puts Offshore Reinsurance on the Spotlight The National Association of Insurance Commissioners (NAIC) has recently proposed new regulations that bring offshore reinsurance practices under scrutiny. According to regulators, these new guidelines are essential to ensure risk management and consumer protection in an evolving global insurance landscape. Risks Could Potentially Be Shifted to Areas […]

Life Insurance Provides Comprehensive Coverage Amidst Shifting Transportation Insurance Trends With the ever-evolving landscape of transportation insurance, experts are emphasizing the robust benefits of life insurance as a crucial element of financial planning. As transportation and auto insurance markets shift, individuals and businesses alike are turning to life insurance for a broader safety net. “Know […]

Breaking Barriers and Building Futures: Join Women in Insurance Summit NY 2024 The upcoming Women in Insurance Summit NY 2024 is set to be a game-changer for professionals seeking to advance their careers in the insurance industry. Scheduled for July in New York, the summit will bring together a multitude of experts and industry leaders, […]

Heffernan Insurance Brokers Appoints New Board Director Heffernan Insurance Brokers has announced the appointment of a new board director, bringing an extensive background in M&A, debt, and financing to the role. This strategic appointment is expected to bolster the firm’s expertise and outreach in the insurance sector, particularly in life insurance, with its myriad benefits. […]

John Hancock Puts Large Block of Office Space on Market Boston-based insurance giant John Hancock is one of the latest companies to offer a significant portion of its office space for lease, a move reflecting the ongoing shift in workplace dynamics. The news comes at a time when many organizations are rethinking their real estate […]

SiriusPoint Names New Global Head of Ceded Reinsurance In a strategic move to bolster its leadership team, SiriusPoint has announced the appointment of a new global head of ceded reinsurance. With over 22 years of industry experience, the newly appointed executive brings a wealth of knowledge and expertise to the role. Life Insurance and Its […]

CrowdStrike Microsoft Outage: What’s the Impact on Reinsurance? Recent reports indicate that the widespread outage affecting services from both CrowdStrike and Microsoft has sent ripples throughout the reinsurance market. This incident, which resulted in significant operational disruptions for numerous businesses, has led to substantial losses, underscoring the crucial role of comprehensive life insurance coverage. Business/Career […]

Nominations for the Best Agents and Brokers End Soon As the deadline approaches for the Insurance Business Magazine’s annual awards, agents and brokers across the nation are vying for a spot among the industry’s elite. Nominations close imminently, creating a palpable sense of urgency for those looking to make their mark in the world of […]

Crafting a Successful Reinsurance Internship Program: The Role of Life Insurance In the rapidly evolving world of insurance, creating an effective reinsurance internship program can be a challenging task. Incorporating life insurance and its various benefits can be a compelling strategy to enhance these programs. As noted by industry leaders, the key to success lies […]

Legal System Abuse Contributing to Rising Auto Insurance Costs Dark money and aggressive litigation tactics are playing a significant role in the increasing cost of auto insurance, according to recent reports. The financial burdens placed on insurers have ultimately trickled down to consumers, leading to higher premiums. The Role of Litigation in Auto Insurance Rates […]