Month: September 2024

Life Insurers Open Door for ‘Risk Prevention’ Add-On Services Life insurance companies are expanding their horizons by integrating ‘risk prevention’ add-on services to their policies, aiming to offer more value to policyholders. According to InsuranceNewsNet, John Hancock, a prominent life insurance firm, announced in 2018 that all its life insurance policies would include Vitality. This […]

Global Insurance Fraud Cases Continue to Rise, Emphasizing the Importance of Life Insurance Protections A recent survey conducted by Reinsurance Group of America (RGA) revealed a troubling increase in global insurance fraud cases. According to the survey, 74% of insurers have reported a steady or rising number of fraud incidents worldwide. This alarming trend underscores […]

Prospera Risk Advisors Joins Patriot Growth Insurance Services On September 16th, 2024, Prospera Risk Advisors officially joined the expanding umbrella of Patriot Growth Insurance Services. This merger signifies a strategic combination of four distinct agencies, paving the way for greater growth and diversification in the insurance sector. Broadening Horizons with Life Insurance This landmark move […]

AM Best Affirms A+ Ratings for Top Layer Re with Stable Outlook In a significant announcement, AM Best, the global rating agency, has affirmed the A+ ratings for Top Layer Re with a stable outlook. This decision underscores the company’s robust balance sheet and strong parental backing from reinsurance giants, contributing to its stability and […]

Reinsurance Costs Rise as Gulf Insurers Brace for Francine Impact In light of the impending Hurricane Francine, Gulf Coast insurers are experiencing a sharp rise in reinsurance costs. This surge follows closely on the heels of Hurricane Ian, which significantly influenced the risk management practices of insurers in the region. Impact on Life Insurance Policies […]

Reinsurance Price Reductions “Nonsense,” Says Munich Re CEO Amidst industry discussions on reinsurance price reductions, Munich Re’s CEO has expressed strong opposition, labeling such reductions as “nonsense”. This comes despite notable industry profits following years of successive losses. The Importance of Life Insurance The debate surrounding reinsurance pricing highlights a broader conversation on the essential […]

External Factors Reshaping Insurance Landscape Life insurance has become an essential consideration as various external factors continue to reshape the insurance landscape. Recent developments such as social inflation, litigation, and rising jury awards are significantly influencing the industry. This shift not only applies to property and casualty insurance but also extends to various aspects of […]

John Hancock Corporate Bond ETF (NYSEARCA:JHCB) Trades 0.3% Higher The John Hancock Corporate Bond ETF (NYSEARCA:JHCB) has seen a slight increase in its trading value, rising 0.3% higher. This data comes as The Manufacturers Life Insurance Company significantly bolstered its position in the ETF during the 4th quarter, increasing its stake by 17.5%. This move […]

Remembering Patricia Lacey: A Life Dedicated to Family and Community Patricia Lacey, who passed away in Plymouth, MA, in 2024, left behind a rich legacy not just professionally but also personally. Many remember her fondly for her commitment to her family, community, and workplace. A Career at John Hancock Insurance Patricia was educated in Boston […]

Inszone Acquires Beswick Insurance to Enhance Community-Focused Offerings In a strategic move to broaden its suite of client services, Inszone Insurance has announced the acquisition of Beswick Insurance, marking its second major deal this month. This acquisition is poised to not only fortify community-centered insurance solutions but also enrich the gamut of life insurance offerings […]