Month: November 2024

What does giving back look like in the insurance industry? Meet a top executive who explains how the sector can attract more young people The insurance industry is not just about premiums and claims; it also offers numerous ways to give back to the community. Life insurance, in particular, has transformative potential, offering financial security […]

Distracted Driving, Social Inflation Weigh on Commercial Auto Insurance – AM Best As distracted driving incidents soar and social inflation takes its toll, commercial auto insurance is increasingly under pressure. According to a recent report from AM Best, the rise in liability claims has significantly outpaced the growth in premiums, creating a challenging landscape for […]

TWIA Projects Rising Reinsurance Costs in 2025 Budget Review The Texas Windstorm Insurance Association (TWIA) has projected a rise in reinsurance costs for 2025, driven by significant hurricane losses and increased exposures. This projection was revealed during a comprehensive budget review, highlighting the critical financial challenges the association faces in its efforts to provide adequate […]

Federal Long Term Care Insurance Still On Hold For New Applicants The Federal Long Term Care Insurance Program (FLTCIP) remains inaccessible to new applicants as uncertainties linger in the insurance market. Coverage, provided by LTC Partners, LLC, and underwritten by the John Hancock Life & Health Insurance Company under contract with the U.S. Office of […]

APCIA Supports California’s Wildfire Catastrophe Modeling Regulations The American Property Casualty Insurance Association (APCIA) has shown support for the new wildfire catastrophe modeling regulations in California, which aim to stabilize the state’s insurance market and enhance risk assessment. As wildfires become increasingly frequent and destructive, these new models could change the landscape of insurance in […]

Legacy of M. Wayne Chapman: A Life Committed to Community and Insurance M. Wayne Chapman, a respected figure in the agricultural investment sector, passed away recently after 30 years of dedicated service. Chapman’s storied career at John Hancock Mutual Life Insurance Company began in 1965, where he significantly contributed until his retirement in 1995. Throughout […]

Aspen Insurance Demonstrates Robust Growth in Premiums and Net Income Aspen Insurance has reported a notable increase in premiums, reaching $3.6 billion, alongside a 15.2% rise in net income, according to the latest financial results announced on November 15, 2024. Sustained Momentum in Core Divisions The company’s core divisions have maintained consistent momentum, delivering solid […]

Geopolitical Tensions and Inflation Threaten LatAm Growth – Swiss Re In light of the recent Swiss Re report, it’s increasingly evident that geopolitical tensions and inflation are posing significant threats to the growth of Latin American economies and their insurance markets. These pressures are also bringing to the forefront the crucial benefits of life insurance […]

Grange Turner Joins Howden Re as MD for International Casualty Grange Turner has been appointed as the Managing Director for International Casualty at Howden Re, bringing decades of Property & Casualty (P&C) expertise to the organization. Turner will lead Howden Re’s international casualty and motor reinsurance divisions, aiming to bolster the firm’s global reach and […]

Tolls to Increase on Downtown, Midtown Tunnels Starting Jan. 1 In a recent announcement, Elizabeth River Crossings has confirmed that toll rates for the Downtown and Midtown Tunnels in Hampton Roads will increase starting January 1. This decision follows the acquisition of Elizabeth River Crossings by Spanish toll road company Abertis and the John Hancock […]