Year: 2024

Attorney Criticizes Complex Insurance Plans: Life Insurance Could Provide Simpler Solutions An attorney has recently criticized insurance companies and agents for promoting what he considers to be ‘incredibly complex’ Indexed Universal Life (IUL) insurance plans. According to a report by Insurance News Net, a jury in May ordered Pacific Life Insurance Co. to face penalties […]

Latest Rankings Reveal the Top 20 Life Insurers In a newly published ranking, New York Life leads the pack of the top 20 life insurance companies with a commanding market share of 6.86%, according to sources from Digital Insurance Staff. Meanwhile, John Hancock holds the 12th spot with a 2.50% market share. The Benefits of […]

AIG Sells Global Personal Travel Insurance Business to Zurich AIG has successfully sold its global personal travel insurance business to Zurich Insurance Group, according to a news report by Insurance Business Mag. Peter Zaffino, AIG’s CEO, described the deal as “another important strategic step” for the firm. The transaction, which was announced on June 26, […]

AIG Offloads Global Personal Travel Insurance Business to Zurich In a strategic move, insurance giant AIG has announced the sale of its global personal travel insurance business to Zurich Insurance Group. AIG’s CEO described the transaction as “another important strategic step” for the company. This divestiture aligns with AIG’s broader strategy of streamlining its focus […]

SLC Management Launches New Insurance Arm Highlighting Life Insurance Benefits SLC Management has announced the launch of its new insurance arm, aiming to provide investment solutions to the world’s leading insurance firms. This strategic move introduces an array of life insurance products designed to cater to various aspects of individuals’ lives. Comprehensive Life Insurance Solutions […]

BenefitMall Welcomes New Benefits Sales Executive for New England BenefitMall is excited to announce the addition of a new executive to their team, bringing almost a decade of experience in the insurance industry to the New England region. The appointment is expected to generate significant improvements in the company’s offerings, including various aspects of life […]

New Insurance Procedure Should Prepare Patients for Medical Bills In a groundbreaking step towards ensuring patients are adequately prepared for medical bills, a new insurance procedure has been rolled out. Industry expert Michel emphasized the importance of not only relying on insurance funds but also considering self-insurance reserves or a combination of those to mitigate […]

PCF Insurance Expands by Acquiring Four Businesses PCF Insurance is making waves in the industry with its recent acquisition of four key businesses, strengthening its presence in crucial markets. This strategic move is expected to bolster the company’s portfolio, giving it a competitive edge and enabling it to offer comprehensive insurance solutions to a broader […]

AM Best Affirms Excellent Ratings for Scotia Reinsurance Limited In a recent announcement, AM Best affirmed the excellent ratings for Scotia Reinsurance Limited, highlighting key factors that contributed to the firm’s impressive performance. The esteemed financial rating organization cited a combination of strategic oversight, financial stability, and comprehensive insurance products as drivers behind Scotia Reinsurance […]

Cetera Welcomes Northwestern Mutual Alum to CCO Role Cetera Financial Group has recently appointed a Northwestern Mutual veteran as their new Chief Compliance Officer (CCO), highlighting the growing trend of significant shifts within the financial and insurance industries. Prior to joining Cetera, the new CCO served as Vice President of Wealth Risk and Controls at […]