Year: 2024

AXA XL Launches Insurance Coverage for Gen AI Risks: How Life Insurance Can Complement Your Coverage In a groundbreaking move, AXA XL has unveiled a new insurance product aimed at covering risks associated with generative AI technologies. Dubbed the “Gen AI Risks” policy, this innovative coverage is designed to address a spectrum of risks including […]

Residual Markets Post Double-Digit Growth: AM Best In light of increasingly severe storm seasons, AM Best has reported significant double-digit growth in residual markets, a development that underscores both the insurance challenges and solutions currently faced by the industry. These trends highlight the adaptive measures adopted by insurers to tackle the mounting risks posed by […]

CAC Group Introduces Cyber Insurance for Energy and Utility Sectors The CAC Group has unveiled a new cyber insurance product aimed at mitigating the cyber risks faced by the energy and utility industries. This innovative solution aims to provide comprehensive protection for companies in these sectors against the rising tide of cyber threats. Cyber Risks […]

Major Downtown Arlington Heights Apartment Complex Up for Sale John Hancock Life Insurance, a subsidiary of Manulife, has listed a prominent downtown Arlington Heights apartment complex for sale, which they acquired for $87.3 million in 2012, as per Cook County property records. The decision opens a dialogue about the strategic role of life insurance companies […]

LOS ANGELES, CA – The Women in Insurance Summit 2024 is set to catalyze a significant shift in the insurance industry by spotlighting the artistic brilliance and entrepreneurial prowess of women in financial services. With only 29% of C-suite positions occupied by women in this crucial sector, the summit aims to shatter long-standing barriers and […]

Lincoln Financial Group Reigns Supreme in Life Insurance Customer Satisfaction for Five Consecutive Years In the ever-evolving landscape of life insurance, Lincoln Financial Group has once again emerged as the gold standard, achieving top customer satisfaction for an impressive fifth consecutive year. This accolade highlights the company’s unwavering commitment to providing unparalleled service and comprehensive […]

FLOAT Act Introduced to Provide Tax Credit for Flood Insurance In an effort to make flood insurance more affordable for homeowners, Congressman John Doe has introduced the Flood Loss Offset and Affordable Tax (FLOAT) Act. This bipartisan proposal aims to offset the rising costs of flood insurance premiums by offering tax credits to eligible policyholders. […]

Re/Insurance Collaboration Key to Managing Climate and Cyber Risks Amid growing concerns over climate change and escalating cyber threats, re/insurance industry leaders emphasize the critical need for collaboration. This partnership is essential to mitigate the multifaceted risks impacting individuals and businesses alike. Experts call for clear roles within the risk transfer supply chain to enhance […]

Lincoln Financial Group and Virtua Health Face Lawsuit Over Retirement Funds Lincoln Financial Group and Virtua Health are currently embroiled in a legal dispute regarding the management of retirement funds, according to Bloomberg Law. The lawsuit alleges that both institutions have been mismanaging employee retirement funds to reap outsized profits. The Role of Life Insurance […]

Growing Popularity of CITs in Retirement Plans In recent years, Collective Investment Trusts (CITs) have seen a surge in popularity within retirement plans, largely due to their cost-effectiveness and flexibility. However, an equally critical component of financial planning often overlooked is life insurance, which offers multiple benefits tailored to various life stages and circumstances. Life […]