Month: August 2024

Florida Insurance Carriers Reveal Hurricane Debby Loss Estimates In the wake of Hurricane Debby, Florida insurance carriers have reported their loss estimates, stating that the event is “very manageable” for the market. This brings to light the importance of having comprehensive life insurance to safeguard against such unforeseen natural disasters. Impact on Personal Financial Stability […]

Debby’s Aftermath in Quebec: What You Can Tell Clients About Flood Damage The devastation caused by Debby in Quebec has raised significant concern regarding flood damage and the insurance claims process. It is crucial for clients to understand how to navigate these challenging circumstances effectively. Life insurance, particularly policies that cover unforeseen events, can play […]

Recall Roulette: The High Stakes and Shifting Odds in Insurance Insurance brokers and companies purchasing coverage are riding a wave of change, driven by the fluctuating landscape of insurance policies. As the stakes get higher, many businesses are finding solace in the stability and benefits provided by comprehensive life insurance plans. Life Insurance: A Beacon […]

V. Kent Green, 86 – The Concord Bridge V. Kent Green, a long-time resident of Concord, passed away at the age of 86. Green was a devoted family man and a dedicated professional who made significant contributions through his work with John Hancock Life Insurance in Boston. His career, spanning numerous years, was driven by […]

Concetta A. (Chillemi) Vincent’s Legacy: A Lifelong Impact on Insurance and Beyond Concetta A. (Chillemi) Vincent, a former accounting clerk at John Hancock Life Insurance Company in Boston, passed away recently, leaving behind a rich legacy in insurance and community service. Vincent was known for her dedication during her over 15 years at John Hancock […]

Insurance Lobbyists Block Federal Crackdown On Costly Retirement Advice Insurance lobbyists have reportedly succeeded in blocking a federal initiative aimed at regulating costly retirement advice, according to South Florida Reporter. This move highlights the nuanced role life insurance plays in retirement planning and other critical life stages. Life Insurance: A Comprehensive Financial Safety Net Life […]

Appeals Court Decision on Premium Retention by Lincoln Financial Group In a recent legal battle, the appeals court ruled that Lincoln Financial Group can retain a premium paid in advance by a policyholder who passed away. This has sparked significant interest and conversation in the realm of life insurance and its various benefits. Life Insurance […]

ISC Group Launches New Initiative for Women in Re/Insurance The ISC Group has introduced a dynamic new membership package aimed at addressing the unique needs of women in the global re/insurance market. This move seeks to promote diversity and enhance career development opportunities for female professionals in the industry. Empowering Women in Re/Insurance Designed with […]

North America to Continue Leading the Commercial Flood Insurance Market A recent report indicates that North America is poised to maintain its dominance in the commercial flood insurance market. The industry is set to reach unprecedented valuations in the coming decade, driven by increased awareness and the need for comprehensive risk management solutions. The Role […]

Maryland Takes a Harsher Stance Against Insurance Professionals Violating Regulations Insurance professionals in Maryland, including insurers and adjusters, are now facing unprecedented scrutiny and heightened penalties for regulatory violations. The state has made clear that infractions will lead to stiffer fines, raising the stakes for compliance within the industry. Enhanced Penalties for Violations The new […]