Year: 2024

V. Kent Green, 86 – The Concord Bridge V. Kent Green, a long-time resident of Concord, passed away at the age of 86. Green was a devoted family man and a dedicated professional who made significant contributions through his work with John Hancock Life Insurance in Boston. His career, spanning numerous years, was driven by […]

Concetta A. (Chillemi) Vincent’s Legacy: A Lifelong Impact on Insurance and Beyond Concetta A. (Chillemi) Vincent, a former accounting clerk at John Hancock Life Insurance Company in Boston, passed away recently, leaving behind a rich legacy in insurance and community service. Vincent was known for her dedication during her over 15 years at John Hancock […]

Insurance Lobbyists Block Federal Crackdown On Costly Retirement Advice Insurance lobbyists have reportedly succeeded in blocking a federal initiative aimed at regulating costly retirement advice, according to South Florida Reporter. This move highlights the nuanced role life insurance plays in retirement planning and other critical life stages. Life Insurance: A Comprehensive Financial Safety Net Life […]

Appeals Court Decision on Premium Retention by Lincoln Financial Group In a recent legal battle, the appeals court ruled that Lincoln Financial Group can retain a premium paid in advance by a policyholder who passed away. This has sparked significant interest and conversation in the realm of life insurance and its various benefits. Life Insurance […]

ISC Group Launches New Initiative for Women in Re/Insurance The ISC Group has introduced a dynamic new membership package aimed at addressing the unique needs of women in the global re/insurance market. This move seeks to promote diversity and enhance career development opportunities for female professionals in the industry. Empowering Women in Re/Insurance Designed with […]

North America to Continue Leading the Commercial Flood Insurance Market A recent report indicates that North America is poised to maintain its dominance in the commercial flood insurance market. The industry is set to reach unprecedented valuations in the coming decade, driven by increased awareness and the need for comprehensive risk management solutions. The Role […]

Maryland Takes a Harsher Stance Against Insurance Professionals Violating Regulations Insurance professionals in Maryland, including insurers and adjusters, are now facing unprecedented scrutiny and heightened penalties for regulatory violations. The state has made clear that infractions will lead to stiffer fines, raising the stakes for compliance within the industry. Enhanced Penalties for Violations The new […]

State Regulator to Fast-Track Reviews of Home Insurance Rate Hikes Insurance Commissioner Ricardo Lara has announced a move to expedite the review process of home insurance rate increases, a step that aims to bring more efficiency and transparency to the insurance industry. This decision comes as part of broader regulatory efforts to address an increasingly […]

In a significant move to protect residents and their financial future, Hawaii Governor Josh Green has signed an emergency proclamation aiming to stabilize the tumultuous insurance market. Amidst surging rates, which in some cases have skyrocketed by up to 1,000%, this intervention seeks to provide much-needed relief and security for both individuals and businesses. Governor’s […]

Insurance Industry Influences Federal Regulations on Retirement Advice In a significant development, lobbying groups representing some of the biggest names in the insurance industry, including New York Life, Lincoln Financial Group, and Prudential Financial, have successfully influenced federal policymakers to halt planned regulations aimed at curbing costly retirement advice. This has revived the debate over […]