Year: 2024

Q2 2024 Highlights in Life Insurance Industry InsuranceNewsNet recently released a company fact sheet focused on key players in the life insurance sector, including John Hancock Life & Health Insurance Co. and John Hancock Life Insurance Co. of New York. Although DBRS does not rate U.S. insurance companies, these updates provide significant insights for consumers […]

30+ American Companies That Are No Longer American Over the years, numerous iconic American companies have transitioned to foreign ownership due to various mergers, acquisitions, and economic shifts. Notably, John Hancock Life Insurance, founded in Boston in 1862 and named after the infamous American patriot and Founding Father, is among such companies. Life insurance companies […]

Progressive Sees Doubling of Losses in Property Segment Insurance giant Progressive has reported a significant increase in losses within its property segment for the second quarter of this year. This alarming trend has been attributed to a myriad of challenges including severe weather conditions and rising claim costs. Understanding the Broader Implications: Life Insurance as […]

Auto Insurance Reforms in Michigan Helping to Improve Affordability – IRC Michigan has seen a noteworthy shift in the affordability and ease of auto insurance coverage, thanks to recent reforms in state regulations. According to a study by the Insurance Research Council (IRC), these changes have “markedly improved” the accessibility of coverage for drivers in […]

Lincoln Financial Group Shines Bright in Q2: Strong Results and Strategic Moves Amidst a backdrop of economic volatility, Lincoln Financial Group has reported impressive second-quarter results, showcasing the strength and diversity of its insurance and wealth management operations. Net income available to shareholders has surged, pointing to robust underlying health within their varied business segments. […]

The Importance of Life Insurance in Modern Times Gus Tom Bates III, who began his flourishing insurance career with John Hancock, represents a critical narrative that integrates life insurance seamlessly into individuals’ lives. His dedication and hard work underscore the essential role of life insurance, not just for personal security, but also for professional and […]

Falvey Insurance Group Announces Leadership Transition Amidst Growing Demand for Life Insurance Falvey Insurance Group has declared a significant leadership transition, effective 2025, as the company’s Chief Operating Officer steps into the CEO position. Addressing the growing complexities in the insurance sector and the rising demand for comprehensive life insurance solutions, this change marks a […]

Lockton Appoints New US President with Strategic Vision for Growth Lockton, a leading global insurance brokerage firm, has announced the appointment of a new US President. The seasoned insurance executive aims to steer the company towards new heights by focusing on strategic growth and talent retention. This move comes at a pivotal time when the […]

AM Best Retains Negative Outlook on Brazil’s Reinsurance Market AM Best has confirmed a negative outlook for Brazil’s reinsurance market, attributing various challenges to this assessment. The complexities that hamper this sector are multifaceted and indicate broader implications for the nation’s insurance industry, including life insurance. Challenges Facing Brazil’s Reinsurance Sector According to the report […]

NYC Deals of the Day: Aug. 7, 2024 The latest real estate transactions in New York City highlight the significant involvement of the life insurance industry, particularly through financial giants like John Hancock Life Insurance Company. John Hancock Life Insurance Company One of the notable transactions involves John Hancock Life Insurance Company, which provided a […]