Month: September 2024

John Hancock Mutual Funds for Impressive Returns, Highlighting the Benefits of Life Insurance John Hancock Life Insurance Company, established in 1862 and later acquired by Manulife Financial in 2004, has consistently offered a wide range of financial products aimed at securing the future of its clients. Recently, their mutual funds have been recognized for impressive […]

Falvey Insurance Raises $25,000 for RISPCA at Charity Golf Tournament Falvey Insurance Group demonstrated its commitment to charitable causes by raising $25,000 for the Rhode Island Society for the Prevention of Cruelty to Animals (RISPCA) through its annual charity golf tournament. The event, which took place recently, gathered nearly 100 participants, underscoring the community’s support […]

A-G Specialty Insurance Acquires eSportsInsurance In a move that underscores the evolving nature of the insurance industry, A-G Specialty Insurance has announced its acquisition of eSportsInsurance. This acquisition follows closely behind the firm’s recent deal with Gallagher, signaling A-G Specialty Insurance’s robust strategy to expand its offerings in niche markets. Expanding into the Digital Competitive […]

Where Have Insurance DEI Initiatives Gone Right and Wrong? A host of professionals at the NAAIA summit give their verdict This year’s National African American Insurance Association (NAAIA) summit highlighted several key issues in the diversity, equity, and inclusion (DEI) initiatives within the insurance sector. Industry experts shared their insights on both the progress made […]

Cost Comparison: EVs, Hybrids, and ICE Vehicles A recent study conducted by Mercury Insurance has shed light on the financial implications of owning different types of vehicles, namely Electric Vehicles (EVs), Hybrids, and Internal Combustion Engine (ICE) cars. The results reveal that while EVs might have higher upfront costs, their long-term savings and environmental benefits […]

Reinsurance Prices Set to Rise, but 2025 May See Market Softening – Fitch As reinsurance prices are forecasted to increase, Fitch Ratings indicates a potential market softening by 2025, despite continued rate hikes expected in the coming years. Impact on Life Insurance Policies The rise in reinsurance costs inevitably affects various life insurance products, including […]

How Competition is Shaping Cyber Insurance: An Emerging Role for Life Insurance The rapidly evolving landscape of cyber insurance is pushing brokers to stay updated on policy terms. With increasing competition, brokers must carefully navigate the complexities of various policy forms, as differences are significant and impactful. Policy Forms Are Not at Parity “Policy forms […]

Life Insurance: A Crucial Aspect of Financial Stability The recent rankings of America’s top insurance networks and alliances for 2024 have underscored the importance of life insurance, emphasizing its numerous benefits for individuals and businesses alike. This news leads to a broader discussion on how life insurance plays a pivotal role in securing financial stability. […]

Zurich Insurance Group Ltd FI Holds $96.37 Million Stock Position in Lam Research Co. In a significant financial move, Zurich Insurance Group Ltd FI has revealed a stock position valued at $96.37 million in Lam Research Co., underlining the firm’s strategic investments in the tech sector. This announcement was made public on September 25, 2024, […]

AM Best Affirms A+ Rating for Wilton Re’s Life and Health Insurance Subsidiaries In a recent update, renowned credit rating agency AM Best has affirmed the A+ (Superior) rating for Wilton Re’s life and health insurance subsidiaries. This announcement cements Wilton Re’s position as a reliable player in the life insurance market. Strong Financials and […]