Year: 2024

Arch MI Secures New Indemnity Reinsurance In a significant development for the mortgage insurance sector, Arch Mortgage Insurance Company (Arch MI) has announced the successful acquisition of a new indemnity reinsurance agreement. This measure is set to cover an estimated $30.5 billion in mortgages, a notable bolstering of their financial security mechanisms. Enhancing Financial Security […]

PCF Insurance Services Acquires Asset Insurance Agency Team In a strategic move to expand its footprint and enhance its service offerings, PCF Insurance Services has acquired the team from Asset Insurance Agency. This acquisition aligns with PCF Insurance’s ambitious yearly target, marking a significant milestone in their growth strategy. Broader Implications for Life Insurance Policyholders […]

Burns & Wilcox Expands Flood Insurance Options: Life Insurance Benefits Also Highlighted Burns & Wilcox, a leader in specialty insurance, has announced the expansion of its flood insurance support. Starting now, clients will have access to a new product available through the company’s automated platform. This move aims to provide customers with a broader range […]

Environmental Insurance Remains Strong Amidst Underwriting Challenges Despite facing major underwriting scrutiny, the environmental insurance sector continues to show resilience. Industry experts emphasize the importance of brokers who can accurately assess the true value of coverage. However, what often goes unnoticed is the integral role life insurance plays in providing comprehensive financial security, offering various […]

Life Insurance Underwriting Process Sees Significant Improvement The life insurance industry is witnessing notable advancements in its underwriting processes, according to a recent report. Data collected from 50 million respondents between 2018 and 2022 has been instrumental in driving these improvements. Enhanced Accuracy and Efficiency “The new underwriting procedures are more accurate and efficient than […]

Are Insurance Brokers Meeting Clients’ Service Expectations in Life Insurance? New research highlights how clients view their insurance brokers, especially in the realm of life insurance. A study conducted by Lifetime Insurance has shed light on customer satisfaction and client expectations when it comes to various aspects of life insurance services. Client Satisfaction with Life […]

The Wine Industry: Once the Insurance World’s Darling The wine industry has experienced significant shifts in recent years, with once favorable insurance terms now facing challenges. Amid these changes, the importance of life insurance to business owners, particularly in volatile industries like wine production, has become increasingly evident. Business/Career Insurance: Safeguarding Your Business Business/Career Insurance, […]

How Much Will Hurricane Debby Cost the Insurance Industry? The impact of Hurricane Debby is expected to leave a substantial financial mark on the insurance industry. Early forecasts suggest that the majority of expenses will fall under wind damage, although there are other critical areas to consider. Estimates of the financial toll are still forthcoming, […]

Important Notice: Addressing Significant Investment Losses and the Vital Role of Life Insurance Recent developments concerning customers of Todd Lesk, who have reportedly suffered significant investment losses, have brought to light the crucial role of life insurance coverage in safeguarding financial stability. Lesk, a financial advisor, is under scrutiny for allegedly mishandling investments, including a […]