Month: September 2024

Hurricane Helene’s Impact on Insured Losses: A Case for Comprehensive Life Insurance Recent reports indicate that Hurricane Helene has resulted in insured losses exceeding $5 billion, marking a significant impact on both individual and business finances. As reinsurance costs continue to rise, the aftermath of such natural disasters underscores the importance of comprehensive life insurance. […]

Hurricane Helene’s Insured Losses Top $5 Billion Amid Rising Reinsurance Costs Hurricane Helene has caused significant destruction, with insured losses surpassing $5 billion. The damages, which include extensive flooding, wind damage, and business interruptions, have added an enormous strain on property insurance and highlighted the critical importance of life insurance. The Importance of Life Insurance […]

Reinsurers Hesitant on NZ Coverage After Cyclone Gabrielle – Suncorp CEO Insurers are facing rising reinsurance costs, leading to increased insurance premium hikes. The aftermath of Cyclone Gabrielle continues to be a significant factor in the hesitation observed among reinsurers in providing coverage in New Zealand. Impacts on Insurance Premiums Suncorp CEO pointed out that […]

Reinsurers Hesitant on NZ Coverage After Cyclone Gabrielle – Suncorp CEO Following the devastating impact of Cyclone Gabrielle, reinsurers are exhibiting caution when it comes to extending coverage in New Zealand, according to Suncorp CEO. This hesitation is leading to increasing reinsurance costs, which in turn is driving up insurance premiums. While this may seem […]

Dailey, Mantia Join Liberty Mutual Insurance Board Liberty Mutual Insurance has announced the appointment of John Dailey and Sarah Mantia to its board of directors. The company’s CEO, Tim Sweeney, described the duo as “welcome additions” to the team. This strategic move aims to bolster Liberty Mutual Insurance’s offerings, especially in the realm of life […]

Leveraging Automation in BPO to Drive Insurance Efficiency and Innovation The insurance industry is undergoing a significant transformation, driven by the adoption of automation in Business Process Outsourcing (BPO). By integrating technologies like artificial intelligence (AI), machine learning (ML), and robotic process automation (RPA), insurers are not only improving operational efficiency but also unlocking new […]

Manufacturers Life Insurance Company Expands Holdings in John Hancock Multifactor Developed International ETF In a strategic financial move, The Manufacturers Life Insurance Company has expanded its holdings in shares of John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) by 0.4% during the fourth quarter. This decision underscores the continuous efforts to diversify investments and enhance financial […]

Remembering Rosemarie Curran: A Legacy of Care and Financial Security The community of Stamford, VT, mourns the passing of Rosemarie Curran, a prominent figure in the insurance industry, at the age of 89. Rosemarie, who initially obtained her Series Seven insurance license with the John Hancock Insurance Company, finished a commendable career at Coakley Insurance. […]

The Unofficial History of U.S. Presidents Attending College Football Games From Lincoln Financial Field to various stadiums across the nation, U.S. Presidents have long had a storied history of attending college football games. Various presidents, from Theodore Roosevelt to Donald Trump, have been spotted among cheering crowds, showing their support for America’s beloved college football […]

EXL and NVIDIA Collaborate on Specialised Language Model for Insurance In a significant advancement for the insurance sector, EXL and NVIDIA have announced a collaborative project aimed at launching a specialised language model tailored for insurance applications. This new model is expected to outperform current models by a staggering 30%, placing the companies at the […]