Month: October 2024

Insurance Industry Veteran Joins AM Specialty Board AM Specialty has announced the acquisition of industry expert Scheerer, a move that could significantly enhance the company’s capabilities. This strategic hire highlights the growing importance of specialized insurance options, particularly in the domain of life insurance. Emphasizing Life Insurance With Scheerer’s extensive experience, AM Specialty is poised […]

Insights into Life Insurance: 6 Essential Skills of an Insurance Agent You Need to Master Thu, 31 Oct 2024 04:35:52 +0000 Life insurance is more than just a policy; it’s a vital safety net that offers financial stability and peace of mind for individuals and their families. The agents who sell life insurance harness a […]

IQUW Partners with MEA for AI-Enhanced Re/Insurance Underwriting Efficiency Insurance underwriter IQUW has entered a strategic partnership with MEA to integrate AI technology into their re/insurance underwriting processes, an advancement poised to expedite submissions and enhance data processing capabilities. Revolutionizing Underwriting Through AI Utilizing artificial intelligence, this collaboration aims to streamline various insurance-related operations. The […]

John Hancock Secures Victory in $100 Million ERISA Foreign Tax Credit Appeal John Hancock Life Insurance Co. emerged victorious in a significant appeal, with 401(k) trustees alleging the company retained over $100 million in foreign tax credits. The case, which has garnered widespread attention, highlights the critical role of life insurance in managing financial complexities […]

Lincoln Financial Appoints New Chief Information Officer Lincoln Financial has announced the appointment of Jennifer Charters as their new Chief Information Officer (CIO). With extensive experience in both the insurance and telecommunications sectors, Charters is set to lead the company’s technological advancements and innovative solutions. Enhancing Life Insurance Solutions This strategic move by Lincoln Financial […]

APAC Reinsurance Sector Holds Stable Amid Economic Challenges The Asia-Pacific (APAC) reinsurance market has remained stable despite facing economic challenges and escalating natural catastrophe risks, according to a recent report by S&P Global Ratings. Strong capital reserves and consistent earnings have been pivotal in sustaining the sector’s equilibrium. Strength in Numbers: The Role of Life […]

Telematics Use Grows in Insurance as Fleets Report Fewer Claims and Crashes A recent report by SambaSafety has revealed a rising adoption of telematics in the insurance industry, with notable impacts on premiums and risk control. As fleet operators increasingly implement telematics technology, they are witnessing fewer claims and crashes, which in turn benefits both […]

Lincoln Financial Appoints Jennifer Charters as New Chief Information Officer Lincoln Financial has announced the appointment of Jennifer Charters as the new Chief Information Officer (CIO), effective immediately. This pivotal appointment comes at a time when life insurance solutions are more crucial than ever. Bringing Expertise to the Table Jennifer Charters brings with her a […]

US Insurance Spending Soars to $3.8 Trillion in 2024, Set to Rise Further In a significant development, the insurance expenditure in the United States has soared to an unprecedented $3.8 trillion in 2024, with projections indicating it could reach $4.5 trillion by 2029. This rapid increase underscores the growing importance of securing one’s financial future […]

Spokane Fires Expose Underinsurance Gaps, Leaving Homes Uncovered The devastation caused by the recent Spokane fires has spotlighted significant insurance gaps, leaving many homeowners without full compensation. Data reveals that 244 claims maxed out on coverage limits, exposing a broader issue of underinsurance. Life Insurance: A Safety Net Beyond Property While homeowners grapple with the […]