Year: 2024

Diana Babbitt Obituary (1946 – 2024) The city of Salem, NH mourns the loss of Diana Babbitt, whose long-standing contribution to John Hancock Life Insurance Company in Boston left an indelible mark on the industry. Babbitt joined the company after high school and dedicated her entire career to the firm until her retirement in 2002. […]

Fed’s Beige Book Shows Economy, Inflation Cooling In a recent report from the Federal Reserve’s Beige Book, indicators suggest that the U.S. economy is showing signs of slowing down and inflation pressures appear to be easing. This development provides a crucial moment for individuals and businesses to evaluate their financial security and consider the benefits […]

Launching an Insurance Agency in Texas: An Emphasis on Life Insurance Starting an insurance agency in Texas, one of the largest markets in the US, demands strategic planning and thoughtful execution. One critical component of any successful insurance business is a comprehensive understanding of life insurance and its myriad benefits. Lifetimeinsurance.org offers extensive resources on […]

Understanding General Public Liability Insurance and Its Benefits for Businesses The importance of securing financial stability for businesses cannot be overstressed. General Public Liability (GPL) insurance offers a crucial safety net by providing coverage against the financial repercussions of costly lawsuits. But how does this insurance work, and what does it cover? What is General […]

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 […]