Year: 2024

With Cyber Attacks on the Rise, What Can Businesses Do About It? – Insurance News The surge of cyber attacks has placed businesses in a precarious position. As cyber criminals evolve their tactics, companies are scrambling to shore up their defenses. However, cybersecurity isn’t just about technology; insurance plays a pivotal role in mitigating risks […]

In a precedent-setting ruling, the court has elucidated the responsibilities of insurance carriers in disclosing deductibles and subrogating claims. The court’s decision has far-reaching implications for policyholders and the insurance industry, primarily focusing on homeowners’ fire insurance claims. However, it also presents an opportune moment to explore how life insurance policies can provide additional benefits […]

Climate Litigation Escalates: Impacts on Life Insurance and Re/Insurers As climate litigation heats up across the globe, the re/insurance industry is facing increasing risks and challenges. The rise in claims due to extreme weather events and environmental damages has created a new landscape for insurers to navigate. One significant consideration for both insurers and policyholders […]

Planning an Insurance Agency in Florida Starting an insurance sales business in Florida, a state known for facing unique risks, requires strategic planning and thorough understanding of the local landscape. Not only does Florida present various climatic risks but also offers a plethora of opportunities for insurance agencies, especially in life insurance. Covering diverse aspects […]

NY Regulators File Petition to Take Control of Columbian Mutual Life Insurance In a groundbreaking move, New York regulators have petitioned to take control of the financially troubled Columbian Mutual Life Insurance Company. This action comes amidst growing concerns over the company’s financial stability, as outlined in documents submitted to the court. The immediate goal […]

What’s Driving Soaring Homeowners’ Insurance Rates? Recent reports reveal a significant increase in homeowners’ insurance rates, prompting discussions on the underlying causes and potential solutions. According to the Insurance Information Institute (Triple-I), insurers have been grappling with maintaining profitability amid rising costs and frequent claims. However, another vital aspect for individuals to consider in securing […]

RGA Leaders of Tomorrow Program Marks 10 Years The Reinsurance Group of America (RGA) is celebrating a significant milestone as its “Leaders of Tomorrow” program marks its 10th anniversary. The celebration is set to take place at this year’s Global Insurance Forum, recognizing the program’s ongoing contributions to the insurance industry. The Importance of Life […]

777 Partners’ London Basketball Team Faces Potential Closure The future of 777 Partners’ London basketball team hangs in the balance as the re/insurance holding group continues to face legal action from creditors. The unfolding financial situation has brought attention to the crucial role that comprehensive life insurance can play for businesses, careers, and personal lives. […]

Munich Re Emphasizes Importance of Comprehensive Wildfire Protection As wildfire threats become increasingly more prevalent, Munich Re, a prominent reinsurance company, has articulated the necessity of embracing comprehensive wildfire protection strategies. However, it’s crucial to recognize that insurance coverage doesn’t stop at property protection. Life insurance, in its myriad forms, offers a safety net that […]