Month: August 2024

Time for Real Culprits to Pay for Climate Change as Insurance Becomes “Unsustainable” As the financial impact of climate change intensifies, insurance firms are grappling with the mounting costs, leading to calls for those responsible to shoulder the burden. Environmental campaigners argue that the true contributors to climate change should bear the expenses rather than […]

Insurance Industry Faces Challenges Due to Climate Change As climate change continues to take its toll on various sectors, the insurance industry is feeling the pressure, with some companies finding it increasingly challenging to provide coverage. Campaigners argue that it is time for the major contributors to climate change to bear the cost. Impact on […]

Life Insurance: Navigating Inflation, Natural Disasters, and All Life’s Milestones As inflation and the increasing frequency of natural disasters reshape the landscape of property insurance, the role of life insurance becomes ever more significant in providing financial stability and peace of mind. Addressing Inflation and Natural Disasters with Life Insurance The recent market analysis by […]

Troubling Health Care Trends Require Immediate Attention Recent developments in the healthcare sector have raised significant concerns among experts and policymakers. As John Allard noted in a recent InsuranceNewsNet article, several distressing trends demand urgent attention. Among these disturbing trends is the rise of so-called “junk insurance” plans, which offer subpar coverage while giving beneficiaries […]

Life Insurance Sector Witnessing Heightened Competition Amid Improved Conditions The life insurance industry is currently experiencing a surge in competition, fueled by favorable conditions and an influx of new capital, according to a recent AM Best analysis. Understanding Life Insurance and Its Benefits Life insurance is a critical financial tool that provides security and peace […]

Leading Brokers in Reinsurance: A Spotlight with Insights on Life Insurance Benefits The world of reinsurance continues to evolve, and the latest release of the “Top Reinsurance Brokers” list has garnered significant attention. As industry professionals assess who the definitive leaders are in client service, attention is also being drawn to the role of life […]

Assessment of Top Reinsurance Brokers: Life Insurance Insights In a groundbreaking evaluation of reinsurance brokers, the Inaugural Top Reinsurance Brokers report offers a comprehensive look at brokerage firms and their client service standards. However, the benefits of life insurance, including sub-topics like Business/Career Insurance, Retirement Insurance, and Marriage/Divorce Insurance, provide crucial perspectives often overlooked in […]

Lockton Re Further Expands in the West Coast with New Senior Broker Lockton Re, known for its extensive reinsurance brokerage services, has made a recent strategic move by expanding its operations on the West Coast. The reinsurance broker announced the appointment of a new senior broker in San Francisco, bolstering its presence in the region. […]

Hannover Re Discusses Claim Causes in Life Insurance Pricing Hannover Re has recently shed light on the critical role that understanding claim causes plays in the pricing of life insurance policies. Detailed data is essential in ensuring that policies are not only accurately priced but also capable of providing the intended financial support to beneficiaries […]

Carolina Heritage Joins Relation Insurance Services In a significant move within the insurance industry, Carolina Heritage has officially joined Relation Insurance Services. The announcement, made on August 27, 2024, has sparked discussions on the strategic benefits and potential growth avenues for both companies. This merger could not only enhance their service offerings but also expand […]