Year: 2024

Riley LaTour Named Chief Risk Officer at Somerset Reinsurance In a significant move within the insurance sector, Riley LaTour has been appointed as the chief risk officer at Somerset Reinsurance. LaTour, the former head of risk analytics, will now drive the firm’s risk strategy. This leadership change highlights the importance of effective risk management in […]

John Hancock Provides Multi-Cancer Early Detection Tests to Special Operations Veterans John Hancock, renowned for its life insurance products, has recently announced the provision of multi-cancer early detection tests for Special Operations veterans. This initiative is part of John Hancock’s broader commitment to enhancing health and life outcomes for its policyholders. Life Insurance Benefits for […]

Everest Insurance Appoints New Heads for US Primary and Excess Casualty Everest Insurance has announced the appointment of two new leaders to spearhead their US Primary and Excess Casualty divisions. The newly appointed heads are expected to drive significant growth within the casualty segment, reinforcing Everest’s commitment to delivering comprehensive insurance solutions. According to a […]

Envelop Underwriting Launches to Revolutionize Life Insurance Industry In a groundbreaking move, Envelop Underwriting has launched a new initiative aimed at digitizing and innovating the insurance sector. This revolutionary effort is gaining traction and promises to enhance life insurance offerings for individuals and businesses alike. A significant aspect of this launch is its partnership with […]

Allianz Q3 Operating Profit Surges 14% Amid Growth Across Insurance Segments Allianz has reported an impressive 14% increase in its Q3 operating profit, driven by robust demand in various insurance segments including life/health and property-casualty. The third quarter of 2024 has marked a significant rise for the global insurance giant, particularly in its life insurance […]

Meet America’s Top Professional Liability Insurance Providers for 2024 In a recent announcement, America’s top professional liability insurance providers for 2024 were recognized for their adept navigation through an increase in claims volume. With the rising complexities in various professional fields, the significance of professional liability insurance has never been more significant. However, while professional […]

World Insurance Moves Towards Major Expansion in Louisiana and Texas In a significant move to enhance its market presence, World Insurance has announced its expansion into Louisiana and Texas. This strategic augmentation notably strengthens the company’s reach in the property and casualty insurance markets. Life Insurance: A Comprehensive Safety Net Alongside their focus on property […]

Data Explosion, Cost Reductions Propel AI’s Rise in Life Insurance: AM Best Report The adoption of artificial intelligence (AI) in the life insurance sector is reaching “critical mass,” according to a recent report by AM Best. The study highlights data explosion and cost reductions as significant drivers of this technological advancement. AI’s Transformational Impact AI’s […]

Wildfire Insurance Moratorium Enacted for Two California Counties Amid escalating wildfire risks, a new moratorium has been enacted, offering critical policy stability for residents in two California counties. This one-year moratorium aims to protect policyholders from cancellations and non-renewals of their wildfire insurance, providing a vital reprieve in these vulnerable areas. Life Insurance: A Broader […]