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Court Rules Excess Insurers Can’t Challenge Lower-Layer Payouts The recent court ruling involving Freddie Mac has set a new precedent for multi-layer Directors and Officers (D&O) insurance disputes. The judgment firmly establishes that excess insurers cannot question the payouts made by insurers in lower coverage layers. This ruling is likely to have far-reaching implications for […]

Lincoln Financial Group Expands Variable Insurance Offerings In recent filings with the Securities and Exchange Commission (SEC), Lincoln Financial Group has announced updates to their variable insurance product lineup, which includes partnerships with various third-party insurance companies and affiliates. The Strategic Advantage of Life Insurance What makes this announcement significant is the broader context of […]

Savings Products Propel US and China Life Insurance Growth – Swiss Re The booming life insurance sectors in the US and China are witnessing unprecedented growth, driven primarily by innovative savings products and long-term financial solutions, according to a Swiss Re report released on November 19, 2024. This surge comes amid shifting economic landscapes and […]

Conifer Swings to Profit After Major Insurance Agency Sale In a strategic realignment effort, Conifer Holdings Inc. has announced a significant shift in focus after selling a major insurance agency. The decision has catapulted the company into profitability, driven largely by a renewed emphasis on personal lines in Texas and the Midwest. The Role of […]

Which MGAs are Raising the Bar? Insurance Business America’s annual survey is ongoing, spotlighting the Managing General Agents (MGAs) making significant strides in the insurance industry. While the survey seeks to evaluate MGAs’ performance across multiple factors, the role of life insurance is becoming increasingly prominent. The Importance of Life Insurance According to lifetimeinsurance.org, life […]

Form 497K: Lincoln Financial and Its Implications in Life Insurance Lincoln Financial Investments Corporation, the “Adviser”, alongside Lincoln Life & Annuity Company, has recently filed Form 497K, which underscores the importance of variable insurance plans in the financial ecosystem. This latest filing sheds light on various aspects of life insurance that cater to diverse needs […]

Guy Carpenter Greece to Launch After Full Acquisition In a significant move to enhance its regional client support and reinsurance solutions, Guy Carpenter, a leading global risk and reinsurance specialist, has announced the launch of Guy Carpenter Greece. The development follows the firm’s full acquisition of its existing joint venture partner. This strategic expansion is […]

Legacy Systems Weighing Down the Insurance Industry? Seventy-Four Percent of Companies Rely on Old Tech The insurance industry is facing significant challenges due to the dependence on outdated technology. According to a recent report by Insurance Business Magazine, a staggering 74% of insurance companies continue to rely on legacy systems. This reliance on old tech […]

Life Insurance Sector Witnesses Massive Growth in Net Premium Earned MS Reinsurance has reported a significant surge in its net premium earned for the first half of the fiscal year, a telling sign of the growing trust and reliance on life insurance policies. According to data from lifetimeinsurance.org, various forms of life insurance are becoming […]