Year: 2024

Saudi Reinsurance Rule Set to Boost Local Market Revenues The recent reinsurance regulation reforms introduced by Saudi Arabia are expected to significantly bolster the local insurance market revenues, which are projected to reach USD 22.28 billion. The primary sectors driving this expansion include health and motor insurance. However, experts suggest that life insurance could also […]

Guarding Against Long-Tail Cyber Breach Events: The Role of Life Insurance In a world increasingly reliant on technology, insurers are looking at innovative ways to guard against long-tail cyber breach events. Life insurance companies, such as Lincoln Financial and Chubb, are leading the charge by integrating more comprehensive coverage for cyber threats. These efforts offer […]

Prominent Charleston Insurance Agent Richard Horne Passes Away Renowned insurance agent Richard Horne, who made significant contributions to Charleston’s insurance landscape, passed away recently. Horne, a veteran in the industry, began his illustrious career with John Hancock Life Insurance Company and later established his own agency in 1977. Life Insurance and Its Benefits Throughout his […]

Eagles Fans Troll Giants After Saquon Barkley’s Big Night Eagles fans had plenty to say after Saquon Barkley’s standout performance. Barkley, who was recently cut from the 53-man roster and subsequently signed to the practice squad, proved his worth, leaving fans and opponents alike buzzing. In the world of sports, much like in life, there […]

Understanding Alien Insurance Companies and Their Benefits When it comes to life insurance, it’s essential to be informed about the various types of companies providing these services. One such type that often raises questions is the “alien insurance company.” Contrary to the name, alien insurance companies aren’t extraterrestrial entities looking to invade; rather, they can […]

Tokio Marine Drives Urban Resilience Funding with New Partnership In a strategic move aimed at fortifying urban resilience, Tokio Marine has announced a new partnership focused on funding initiatives that enhance city infrastructure against natural disasters. This venture highlights the crucial role insurance companies play in mitigating risks and supporting recovery efforts. Life Insurance as […]

What does giving back look like in the insurance industry? Meet a top executive who explains how the sector can attract more young people The insurance industry is not just about premiums and claims; it also offers numerous ways to give back to the community. Life insurance, in particular, has transformative potential, offering financial security […]

Distracted Driving, Social Inflation Weigh on Commercial Auto Insurance – AM Best As distracted driving incidents soar and social inflation takes its toll, commercial auto insurance is increasingly under pressure. According to a recent report from AM Best, the rise in liability claims has significantly outpaced the growth in premiums, creating a challenging landscape for […]

TWIA Projects Rising Reinsurance Costs in 2025 Budget Review The Texas Windstorm Insurance Association (TWIA) has projected a rise in reinsurance costs for 2025, driven by significant hurricane losses and increased exposures. This projection was revealed during a comprehensive budget review, highlighting the critical financial challenges the association faces in its efforts to provide adequate […]

Federal Long Term Care Insurance Still On Hold For New Applicants The Federal Long Term Care Insurance Program (FLTCIP) remains inaccessible to new applicants as uncertainties linger in the insurance market. Coverage, provided by LTC Partners, LLC, and underwritten by the John Hancock Life & Health Insurance Company under contract with the U.S. Office of […]