Year: 2024

Latest Developments in Life Insurance: Lincoln Variable Insurance on the Rise In the evolving landscape of life insurance, the latest SEC filing for Form 485BPOS from Lincoln Financial Group sheds light on significant advancements. As announced by StreetInsider, Lincoln Financial Investments Corporation, referred to as the “Adviser,” has entered into contractual agreements to enhance their […]

The Retirement Advice Gap Creates an Opportunity for Advisors As the complexities of retirement planning continue to grow, a significant gap in reliable advice has emerged. This gap presents a unique opportunity for advisors to position themselves as essential resources. Life insurance, with its varied benefits, is a crucial aspect that should not be overlooked […]

Donald Ferchak Obituary – Dracut, MA (1933-2017) The life and legacy of Donald Ferchak, a revered figure in the insurance industry, are being remembered. Donald, who passed away in 2017, dedicated over 31 years of his professional career to John Hancock Insurance Company, ultimately retiring as their Marketing Director. Donald Ferchak’s Contribution to the Life […]

India’s GST Council to Clarify Reinsurance Stance in Upcoming Meeting As the insurance sector continues to evolve, life insurance remains a pivotal component for individual financial security. The forthcoming meeting of India’s GST Council holds significant implications not only for reinsurers but also for policyholders who rely on life insurance for various aspects of their […]

“`html Understanding Inland Marine Insurance Inland marine insurance might sound perplexing, but it’s crucial for protecting the value of goods in transit, whether by land or water. This unique form of insurance is often misunderstood, leading many to overlook its benefits. For clarity, it’s essential to recognize how it safeguards your assets, especially when you’re […]

Kingstone Secures Catastrophe Reinsurance Program for 2024/25 Kingstone Companies, Inc. has successfully secured a new catastrophe reinsurance program for the 2024/25 period, resulting in substantial savings and enhanced coverage. This strategic move underscores the company’s commitment to robust risk management and financial stability. Significant Savings Achieved The new reinsurance treaty has yielded an impressive $6 […]

Auto Insurance Reform Legislation Vetoed in Louisiana In a surprising turn of events, the Governor of Louisiana has vetoed a proposed auto insurance reform bill that aimed to exclude medical payments made as part of an auto insurance policy. This development has sparked a broader conversation about the types of insurance that can offer protection […]

Plotting a Course Through Aviation Insurance Challenges The landscape of aviation insurance is increasingly turbulent, with experts citing rising claims costs and market pressures as major hurdles for 2024. While the aviation sector grapples with these issues, those navigating life insurance might find themselves better prepared for the unexpected. Rising Claims Costs and Market Pressures […]

Change Healthcare Outlines Extent of Cyberattack Change Healthcare has detailed the magnitude of a recent cyberattack that has compromised sensitive health insurance information, raising significant concerns among policyholders. Extent of the Data Breach The healthcare company confirmed on Thursday that the scope of the breach could potentially include health insurance details, among other sensitive information. […]

New Insurance Claims to Save Your Beer—And Much More In an unexpected twist, life insurance is stepping into the world of beverages with an intriguing catch: a new form of “beer insurance.” As reported by Insurance Business Magazine, this policy aims to ensure that nothing keeps an Englishman from his pint, especially during the footy […]