Month: November 2024

Lincoln Financial Delivers Positive Updates Amid $528M Q3 Loss Despite reporting a $528 million loss in the third quarter of 2023, Lincoln Financial executives provided several positive updates during their latest earnings call. Notably, the results signal certain optimistic trends and strategic moves that may bode well for the company’s future. Growth in Insurance Sales […]

Saudi Re posts profit boost amid strong revenue and investment gains Life insurance has demonstrated its significance in ensuring financial security through various stages of life, a case in point being the recent robust performance of Saudi Re. The company reported a substantial rise in net profit, largely attributed to a significant increase in insurance […]

Long Term Care Insurance Market 2024 Sees Significant Growth, Highlights Need for Comprehensive Life Insurance Solutions The long term care insurance (LTCI) market is poised for considerable growth by 2024, driven by increasing demand and awareness of comprehensive insurance solutions. A recent report by openPR.com points to key players in the sector such as John […]

Rising Climate Disasters Drive Brazil’s Reinsurance Surge as Losses Mount Amid an alarming frequency of climate disasters, reinsurance companies in Brazil are experiencing a significant surge in demand. The nation’s insurance sector is grappling with an increasing volume of claims, urging both individuals and businesses to reevaluate their insurance needs. Life Insurance Amid Climate Change […]

Hanover Insurance Group Announces Robust Q3 Results In a remarkable announcement today, the Hanover Insurance Group reported robust financial results for the third quarter of 2024, a performance greatly attributed to its diversified product line, particularly life insurance. The company’s CEO underscored the significant contributions of various life insurance policies to the quarterly success. Life […]

Travis Reed Joins LP Insurance as Broker for Northern Nevada LP Insurance has recently announced the appointment of Travis Reed as their new broker for the Northern Nevada region. Bringing with him over a decade of industry expertise, Reed is set to enhance the company’s service offerings and address the insurance needs of local businesses. […]

Lincoln Financial Reports 2024 Third Quarter Results Lincoln Financial has reported its financial results for the third quarter of 2024, showcasing a notable trend in the life insurance sector. According to the report, life insurance sales have witnessed sequential growth for the second consecutive quarter, a key indicator of the industry’s resilience and the growing […]

11th Circuit Court Dismisses ERISA Claim Against John Hancock In a recent ruling, the 11th Circuit Court of Appeals dismissed an ERISA claim brought against John Hancock Life Insurance Co. regarding the allocation of $100 million in foreign tax credits. The court found that John Hancock had no fiduciary duty to transfer these credits to […]

Key Environmental Insurance Trends for 2025: A Growing Importance of Life Insurance As we approach 2025, the landscape of environmental insurance is rapidly evolving. Recent reports suggest that brokers and insurance providers must adapt to these changes to stay competitive. However, another essential aspect to consider is how life insurance is playing a pivotal role […]