Month: August 2024

State Regulator to Fast-Track Reviews of Home Insurance Rate Hikes Insurance Commissioner Ricardo Lara has announced a move to expedite the review process of home insurance rate increases, a step that aims to bring more efficiency and transparency to the insurance industry. This decision comes as part of broader regulatory efforts to address an increasingly […]

In a significant move to protect residents and their financial future, Hawaii Governor Josh Green has signed an emergency proclamation aiming to stabilize the tumultuous insurance market. Amidst surging rates, which in some cases have skyrocketed by up to 1,000%, this intervention seeks to provide much-needed relief and security for both individuals and businesses. Governor’s […]

Insurance Industry Influences Federal Regulations on Retirement Advice In a significant development, lobbying groups representing some of the biggest names in the insurance industry, including New York Life, Lincoln Financial Group, and Prudential Financial, have successfully influenced federal policymakers to halt planned regulations aimed at curbing costly retirement advice. This has revived the debate over […]

Insurance Lobbyists Block Federal Crackdown on Costly Retirement Advice In a move that has significant implications for consumers, insurance lobbyists representing companies such as New York Life, Lincoln Financial Group, and Prudential Financial have succeeded in halting a federal crackdown on costly retirement advice. The Washington Post reports that these lobbying groups have been actively […]

AA (OTCMKTS:AATDF) versus The Baldwin Insurance Group (NASDAQ:BWIN) Head to Head In the latest financial news, two major players in the insurance sector are going head-to-head: AA (OTCMKTS:AATDF) and The Baldwin Insurance Group (NASDAQ:BWIN). Analysts and investors are closely watching to see how these companies stack up against each other. But beyond stock performances and […]

John Hancock Preferred Income Fund III (HPS) to Issue Monthly Dividend of $0.11 on August 30th John Hancock Preferred Income Fund III (HPS) has announced that it will issue a monthly dividend of $0.11 per share on August 30th. This news comes as part of the fund’s ongoing commitment to providing regular income to its […]

Building a Better America: The Role of Life Insurance in Construction The construction industry has long been a pillar of the American economy, but the spotlight is now shifting toward the integral role that life insurance plays in providing security and peace of mind for those involved. Recently, the nation’s top construction insurance companies were […]

Revolutionizing the Market: The Benefits of Life Insurance with MGA Nexus’s Expansion in Asia MGA Nexus has marked another milestone in its expansion journey with a key A&H reinsurance appointment in Asia. This strategic move underscores the company’s commitment to what they describe as a “crucial market,” further paving the way for increased engagement in […]

Amended and Restated Principal Underwriting Agreement The Lincoln National Life Insurance Company has officially amended and restated its Principal Underwriting Agreement, effective May 1, 2007, with Lincoln Financial. This update is part of the continual efforts to streamline and enhance their life insurance offerings, ensuring better services and more tailored insurance products to meet diverse […]

Heritage Insurance Group, one of the prominent names in the insurance sector, has announced its decision to resume offering home insurance policies to Florida homeowners. This reopening marks a significant shift as the company had previously halted new policy underwriting in the state due to escalating risks and losses attributed to natural disasters. A Broader […]