Year: 2024

Beverly M. Derosier, 93 – A Life with Insurance Beverly M. Derosier, a longtime resident of Vermont, passed away at the age of 93. Known for her extensive career in the insurance industry, Derosier made significant contributions as an insurance agent with John Hancock. Prior to her tenure at John Hancock, she also worked with […]

Understanding Captives and Their Role in the Insurance Market As traditional insurance models face rising premiums and evolving market conditions, many brokers are exploring alternative solutions such as captive insurance companies. This increasingly viable option offers numerous benefits, including greater control over risk management and potential cost savings. The Core Benefits of Captives Captive insurance […]

Critics Worry About Personal Data in NAIC Accelerated Underwriting Effort The National Association of Insurance Commissioners (NAIC) is set to address significant concerns regarding the safeguarding of personal data during its summer meeting from August 12-15 in Chicago. The spotlight is on accelerated underwriting efforts that use algorithms and data analysis to approve life insurance […]

Elon Musk’s Tesla Gets a Breather in Insurance Class Action Elon Musk’s Tesla has recently received temporary relief in its ongoing legal battle involving allegations of overcharging for car insurance. This class action lawsuit has caught the attention of industry experts and consumers alike, as it sheds light on the intricate relationships between automotive companies […]

Investment Advisers Have Election Jitters: The Role of Life Insurance With the financial markets facing volatility during election periods, many investment advisers are experiencing heightened anxiety. In such uncertain times, life insurance emerges as a valuable asset, offering numerous benefits that can provide a safety net for individuals and businesses alike. Leadership Changes Highlight Importance […]

Launching an Insurance Company in California: Navigating Regulations Starting an insurance business in California, one of the most tightly regulated states, is no simple matter. Prospective entrepreneurs need to navigate a complex web of regulations and compliance measures to launch a successful insurance company. However, the benefits of offering various types of life insurance can […]

Revealed – the Top 20 Insurance Brokerages by Revenue The insurance industry is buzzing with news of the latest rankings for the top 20 insurance brokerages by revenue. This year’s list showcases a blend of fresh faces and a surprising shift in the top three positions, underscoring dynamic market movements. Life Insurance’s Growing Prominence Among […]

Origin Specialty Acquires Agribusiness Insurance-Focused MGU Origin Specialty has announced the acquisition of a managing general underwriter (MGU) specializing in agribusiness insurance. This acquisition is a significant move that will enable the MGU to expand the distribution of its existing offerings, potentially impacting various sectors, including life insurance. Life Insurance Benefits: The Greater Impact of […]

BMA Licenses New Insurers The Bermuda Monetary Authority (BMA) has recently licensed 32 new insurance entities, raising the total number of registered insurers this year. This move not only energizes the insurance market but also opens up new opportunities for policyholders seeking comprehensive coverage. Significance of Life Insurance in Today’s Market With an increasing number […]

Mercury Insurance Reveals Most Cost-Effective Sedans to Insure Mercury Insurance has recently published a list spotlighting the most cost-effective sedans to insure, identifying vehicles that skillfully merge safety, cost-efficiency, and wide availability. This revelation offers a momentous opportunity for car owners and prospective buyers to make more informed choices about their auto insurance needs. Benefits […]