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Remembering Joseph G. Ausanka and His Contributions to Financial Services Joseph G. Ausanka, a long-standing figure in the financial services sector, passed away in early 2024, leaving behind a legacy marked by his commitment to the field. Joe’s career began at State Mutual Insurance in Worcester, and he made significant strides thereafter at Lincoln Financial […]

Mercury Insurance Offers Claims Assistance After Hurricane Helene Mercury Insurance has stepped up its support for policyholders affected by Hurricane Helene, providing comprehensive claims assistance through an online platform and a dedicated hotline. This timely response showcases Mercury’s commitment to customer service in the aftermath of natural disasters. Life Insurance: A Safety Net for Unpredictable […]

William Boyan Obituary William Boyan, long-serving executive at John Hancock Life Insurance Company, passed away on September 30, 2024, in Medford, MA. Boyan had a storied career at the company, spanning 40 years and culminating in a role where he made significant contributions to the industry. Legacy at John Hancock Life Insurance Company Boyan began […]

Contractors Are Taking on More Risk – And They’re Getting Rewarded for It The construction industry has always been fraught with risks, but recent trends indicate that contractors are now incentivized to embrace these challenges. This shift has prompted a reevaluation of insurance strategies, with life insurance emerging as a critical component in protecting life’s […]

Liberty Mutual Insurance Expands its Board with Two Industry Leaders Liberty Mutual Insurance has announced the addition of Jeff Dailey and Linda Mantia to its Board of Directors. The move is seen as a strategic enhancement designed to strengthen the company’s market position. Both Dailey and Mantia bring years of valuable experience and expertise to […]

Insurers Embrace ‘Sexy’ New Trend In a recent development, insurers are diving headfirst into a modern approach known as ‘venture clienting,’ which is poised to eclipse traditional investment strategies. Sabine VanderLinden, CEO of Alchemy Crew, elaborates on the transformative impact this trend could have on the insurance industry. What is Venture Clienting? Venture clienting involves […]

US P&C Insurance Industry on Track for Profits in 2024, Says Swiss Re According to Swiss Re, the US property and casualty (P&C) insurance industry is projected to achieve significant profits in 2024. Despite recent storm losses, improved underwriting and investment income have bolstered the sector’s outlook. This optimistic forecast has generated increased interest in […]

Disability Income Protection Insurance Market to See Huge Growth The Disability Income Protection Insurance market is expected to experience significant growth, according to a recent report from openPR. This potential expansion is led by key players such as MetLife, Inc., New York Life Insurance Company, The Hartford, and Lincoln Financial Group, all based in the […]

Hurricane Helene’s Impact on Insured Losses: A Case for Comprehensive Life Insurance Recent reports indicate that Hurricane Helene has resulted in insured losses exceeding $5 billion, marking a significant impact on both individual and business finances. As reinsurance costs continue to rise, the aftermath of such natural disasters underscores the importance of comprehensive life insurance. […]

Hurricane Helene’s Insured Losses Top $5 Billion Amid Rising Reinsurance Costs Hurricane Helene has caused significant destruction, with insured losses surpassing $5 billion. The damages, which include extensive flooding, wind damage, and business interruptions, have added an enormous strain on property insurance and highlighted the critical importance of life insurance. The Importance of Life Insurance […]