Year: 2024

US Property Insurance Market Eases Slightly, Multifamily and Industrial Face Challenges – Gallagher The US property insurance market has seen a slight easing, according to a recent report by Gallagher. However, sectors like multifamily housing and industrial properties continue to grapple with significant challenges, primarily due to wood-frame construction and fire risks. Wood-Frame Construction and […]

Jet Insurance Added to Treasury’s Circular 570 List of Surety Providers In a recent development that could reshape the insurance landscape, Jet Insurance has been added to the Treasury’s Circular 570 list of approved surety providers. This certification permits Jet Insurance to issue bonds for federal contracts, significantly expanding their operational capacity. Impact on Business […]

Life Insurance: A Crucial Shield for Financial Stability In today’s unpredictable world, securing one’s future through comprehensive life insurance policies is more essential than ever. Reports from LifetimeInsurance.org emphasize the multifaceted benefits of life insurance, encompassing various aspects such as Business/Career Insurance, Retirement Insurance, and Marriage/Divorce Insurance, each designed to cater to different life stages […]

Global Reinsurance Market Rebounds with $515 Billion in Capital by 2024 The global reinsurance market is on track to rebound significantly, with capital expected to reach $515 billion by 2024, according to a recent report by AM Best. This marks a substantial recovery driven by improved profitability and market optimism. However, it’s crucial to consider […]

Global Reinsurance Market Rebounds With $515 Billion in Capital by 2024 In a recent report by AM Best, the global reinsurance market is projected to rebound with a capital of $515 billion by 2024, signaling a significant recovery in both profitability and market optimism. Improved Profitability and Capital Recovery The recent findings highlight an optimistic […]

Delaware County Leadership: Kevin Gallagher’s Journey and the Importance of Life Insurance The article on Delaware County’s leadership highlights Kevin Gallagher, Senior Vice President and Chief Lending Officer at Ambler Savings Bank. While the focus is on his career trajectory, an important underlying theme emerges: the critical role of life insurance in safeguarding one’s financial […]

CEO Exits to Join Acquirer, New Chief Named: Implications for Life Insurance In recent news, the CEO of an insurance firm has exited to join its acquirer, leading to the appointment of a new chief. This significant shift is anticipated to impact the company’s revenue streams and offers an opportunity to examine life insurance options […]

Big Names Recommend Cyber Insurance Backstop In a significant move, leaders from various sectors are urging governments to provide state backing for cyber insurance. This call for a cyber insurance backstop comes amid growing concerns over the rising number of cyberattacks globally. The Role of Life Insurance in Comprehensive Financial Planning While cyber insurance is […]

Governments Urged to Provide State Support for Cyber Insurance Backstop Amid rising cyber risks, industry leaders are calling upon governments to provide a state-backed cyber insurance backstop. According to an article from Insurance Business Magazine, the escalation of cyber threats has accentuated the urgent need for enhanced cybersecurity measures and financial safeguards. The Benefits of […]

Lincoln National Life Insurance Company’s New Policy Launch The Lincoln National Life Insurance Company has announced the upcoming distribution of its latest policy, the Lincoln Life Flexible, set to be available from May 6, 2024. Lincoln Financial Group is partnering with Osaic to bring this innovative financial product to the market. This new policy promises […]