Year: 2024

Louisiana Insurance Market Stable Despite Hurricanes Helene and Milton The Louisiana insurance market has demonstrated remarkable stability in the wake of Hurricanes Helene and Milton, offering a sigh of relief to policyholders. Despite the turbulence brought by these natural disasters, the state insurance commissioner has warned that reinsurance costs could impact future rates. As residents […]

AM Best Affirms A- Rating for Marble Reinsurance with Stable Outlook In a significant development covered by Insurance Business Magazine, AM Best has affirmed an A- rating for Marble Reinsurance, maintaining a stable outlook. This affirmation highlights the firm’s strong balance sheet, conservative investments, and consistent performance over recent fiscal years. “Marble Reinsurance has demonstrated […]

Progressive Insurance Adds $800,000 Relief to Trusted Choice In a commendable move, Progressive Insurance has announced a donation of $800,000 to support independent insurance agents affected by recent hurricanes and wildfires. This substantial contribution aims to aid in the recovery of these professionals who play a crucial role in the insurance ecosystem. Recovery Efforts and […]

Triple-I Campaigns Against Legal Abuse in Georgia The Insurance Information Institute (Triple-I) has recently launched a comprehensive campaign to expose and combat the abuse of the legal system in Georgia. This abuse, as highlighted by Triple-I, is a significant factor in driving up insurance costs for residents across the state. Impact on Life Insurance Among […]

Global Commercial Insurance Rates Drop for First Time Since 2017 In an unexpected turn of events, global commercial insurance rates have declined for the first time since 2017. According to a recent report by Marsh, the world’s leading insurance broker and risk adviser, rates dipped by 1%, driven primarily by increased competition in the property […]

Insurance Clusters vs. Aggregators: Finding the Right Model for Your Agency Independent insurance agents are constantly seeking avenues to expand their reach and enhance their services to clients. Two notable models that have gained attention are insurance clusters and aggregators. What’s often overlooked in these conversations, however, is the diverse realm of life insurance offerings, […]

Eagles Announce Three Roster Moves Ahead of Week 8 Game vs. Bengals The Philadelphia Eagles have made strategic adjustments to their roster as they gear up for their Week 8 face-off against the Cincinnati Bengals. These moves come at a crucial juncture in the season, reflecting the Eagles’ adaptive strategy to maintain their competitive edge. […]

62% of Retirees Exited Workforce Earlier than Planned: Study According to a recent report by John Hancock Retirement, a significant 62% of retirees in the U.S. quite the workforce earlier than they had intended. This finding raises crucial questions about financial preparedness and the role of life insurance as a safety net during life’s unexpected […]

AXA XL Reinsurance Names Greg Schiffer as CEO for North America In a strategic move to bolster its reinsurance business, AXA XL Reinsurance has appointed Greg Schiffer as CEO for North America. With over 30 years of industry experience, Schiffer’s leadership is expected to significantly expand the firm’s footprint in the region. However, beyond reinsurance, […]

Life Insurance: A Crucial Component in Financial Planning In a recent revelation by the International Union of Marine Insurance (IUMI), marine insurance premiums soared to $38.9 billion in 2023, marking a 5.9% increase. This growth is attributed to heightened trade activity, rising vessel values, and escalating oil prices. However, it’s essential to consider how these […]