Month: August 2024

Aon Launches Enhanced Hurricane Model Amid $1.1 Trillion in Catastrophe Damage The international professional services firm Aon has introduced an advanced hurricane model in response to the staggering $1.1 trillion in disaster damage observed over the past years. According to Insurance Business Magazine, this new model features real-time updates to aid the reinsurance industry in […]

Aon Launches Enhanced Hurricane Model Amid $1.1 Trillion in Catastrophe Damage In response to the increasing frequency and severity of hurricanes, Aon has launched an enhanced hurricane model that aims to provide real-time updates and offer better risk management solutions for the reinsurance industry. This initiative comes after the costly removal of $1.1 trillion due […]

Global Marine Re/Insurance Faces Mounting Risks Amid Growing Vessel Size and Complexity The marine re/insurance industry is encountering heightened risks due to the escalating size and complexity of vessels, according to experts. This surge in potential losses is driving premiums higher and injecting volatility into the market. Impact on Premiums and Market Volatility Industry analysts […]

Latin America Reinsurance on the Uptick, but Additional Capacity Necessity Evident Reinsurance in Latin America is experiencing a notable increase, driven primarily by GDP growth in the region, according to a recent report by AM Best. However, experts are emphasizing the pressing need for additional capacity to sustain this upward trajectory. As the reinsurance market […]

Employee Satisfaction Soars in America’s Top Insurance Employers of 2024 The revelation of America’s top insurance employers for the year 2024 highlights not just the companies elevating employee satisfaction, but also shines a spotlight on the multifaceted benefits of life insurance. According to a recent report by Insurance Business Magazine, these employers are being recognized […]

Insurance Brokerages, Two Execs Face Charges for Insurance ‘Switch’ In a shocking revelation, two insurance executives and several brokerages are now facing legal action. The charges, brought by clients, allege that these firms and agencies conspired to unlawfully use clients’ information to manipulate insurance policies. This incident highlights the critical importance of transparency and trust […]

Understanding the Role of Life Insurance in Construction Projects Life insurance is an often-overlooked yet crucial component in the construction industry. Not only does it provide financial security for individuals and families, but it also offers extensive benefits tailored to different phases of life, including business and career, retirement, and marital status changes. According to […]

The Best Insurance Companies to Work for in the USA The insurance industry is critically acclaimed for providing security, support, and prosperity to its employees. The recently released list by Insurance Business Magazine highlights the top insurance companies to work for in the USA, shedding light on organizations that empower their workforce through robust benefits, […]

Walter Brooks: A Trailblazer in Life Insurance and Community Service Walter Brooks, an esteemed professional with a career spanning over 30 years at Mass Mutual Life Insurance Co., passed away in St. Petersburg, Florida, reported the Tampa Bay Times. Brooks was not only a significant figure in the insurance industry but also an active pillar […]

Life Insurance: A Legacy of Protection and Planning John Bryant, who transitioned from risky field jobs to safer management-level positions at the John Hancock Insurance Company, left a significant mark not only within the industry but also through the protection life insurance offers. Life insurance remains a pivotal component of financial planning, providing much-needed security […]