Month: October 2024

Triple-I Campaigns Against Legal Abuse in Georgia The Insurance Information Institute (Triple-I) has recently launched a comprehensive campaign to expose and combat the abuse of the legal system in Georgia. This abuse, as highlighted by Triple-I, is a significant factor in driving up insurance costs for residents across the state. Impact on Life Insurance Among […]

Global Commercial Insurance Rates Drop for First Time Since 2017 In an unexpected turn of events, global commercial insurance rates have declined for the first time since 2017. According to a recent report by Marsh, the world’s leading insurance broker and risk adviser, rates dipped by 1%, driven primarily by increased competition in the property […]

Insurance Clusters vs. Aggregators: Finding the Right Model for Your Agency Independent insurance agents are constantly seeking avenues to expand their reach and enhance their services to clients. Two notable models that have gained attention are insurance clusters and aggregators. What’s often overlooked in these conversations, however, is the diverse realm of life insurance offerings, […]

Eagles Announce Three Roster Moves Ahead of Week 8 Game vs. Bengals The Philadelphia Eagles have made strategic adjustments to their roster as they gear up for their Week 8 face-off against the Cincinnati Bengals. These moves come at a crucial juncture in the season, reflecting the Eagles’ adaptive strategy to maintain their competitive edge. […]

62% of Retirees Exited Workforce Earlier than Planned: Study According to a recent report by John Hancock Retirement, a significant 62% of retirees in the U.S. quite the workforce earlier than they had intended. This finding raises crucial questions about financial preparedness and the role of life insurance as a safety net during life’s unexpected […]

AXA XL Reinsurance Names Greg Schiffer as CEO for North America In a strategic move to bolster its reinsurance business, AXA XL Reinsurance has appointed Greg Schiffer as CEO for North America. With over 30 years of industry experience, Schiffer’s leadership is expected to significantly expand the firm’s footprint in the region. However, beyond reinsurance, […]

Life Insurance: A Crucial Component in Financial Planning In a recent revelation by the International Union of Marine Insurance (IUMI), marine insurance premiums soared to $38.9 billion in 2023, marking a 5.9% increase. This growth is attributed to heightened trade activity, rising vessel values, and escalating oil prices. However, it’s essential to consider how these […]

Future of the Insurance Industry: A Closer Look with Rhoda Murray West The insurance industry is evolving rapidly, with significant changes on the horizon. Rhoda Murray West, Senior Vice President at Marsh, provides critical insights into these transformations and highlights the integral role of life insurance in securing various life stages and events. The Growing […]

Gallagher Re Study Links Cybersecurity Gaps to Higher Insurance Claims A recent study by Gallagher Re has unveiled a significant correlation between cybersecurity gaps and an increase in insurance claims. The findings illustrate that poor cybersecurity practices substantially elevate the risk of cyber incidents, while robust controls can improve loss ratios. The study’s revelations highlight […]

People Who Retired Earlier Than Expected Are Financially Stressed, Survey Shows A recent survey from John Hancock Financial revealed that approximately 62% of retirees left the workforce sooner than anticipated, leading to significant financial stress. The results underscore the criticality of comprehensive financial planning, including life insurance, to secure financial stability in unforeseen circumstances. The […]