April 17 (Reuters) – Some U.S. life insurers are deciding not to gamble on older Americans during the coronavirus crisis by temporarily suspending applications from certain age groups or imposing tougher requirements. Prudential Financial Inc, Lincoln National Corp and Protective… Continue Reading
As the COVID-19 pandemic continues to disrupt the world, life insurance carriers are challenged by maintaining a profitable business. One looming fear for consumers is the cost of life insurance. Will it go up as insurance companies are anticipating more… Continue Reading
The Consumer Federation of America and Center for Economic Justice say insurers aren’t doing enough. The Consumer Federation of America (CFA) and the Center for Economic Justice (CEJ) have recalculated their figures for insurers and say auto insurance rebates are… Continue Reading
ST. PAUL, Minn.–(BUSINESS WIRE)– Securian Financial has launched an easy-to-understand indexed universal life (IUL) insurance product without the complications of multipliers and additional fees. Eclipse Accumulator IUL, issued by Minnesota Life Insurance Company, is an accumulation-focused policy for clients seeking—in… Continue Reading
A new release from financial analysis firm Demotech has revealed that in addition to the business interruption insurance segment, there is another sector facing immense stress caused by the COVID-19 pandemic – credit insurance. According to the release, there were… Continue Reading
The National Association of Insurance Commissioners released data Monday on life/fraternal and property/casualty insurers. The reports provide market share information and identify leading insurance writers in several key lines of business. The 2019 market share data includes countrywide direct written… Continue Reading
Acadia Insurance, a regional underwriter based in Westbrook, Maine, has hired former New Hampshire Insurance Commissioner John Elias to its management team as senior vice president and chief underwriting officer. He will be based in the company’s Westbrook office. Elias… Continue Reading
Aon and Willis Towers Watson today announced a definitive agreement to combine in an all-stock transaction with an implied combined equity value of approximately $80 billion.4 “The combination of Willis Towers Watson and Aon is a natural next step in our journey to… Continue Reading
Net underwriting income for the U.S. property/casualty insurance industry in 2019 grew by $4.9 million from 2018, A.M. Best said in a new report. Underwriting income hit $4.1 billion in 2019, from a loss of $800 million in 2018, even… Continue Reading
Insurance Agents have a valuable role in the insurance industry and the fact remains that both corporate and individuals clients need their help with insurance plans and activities to secure their assets and future. Follow the below given 5 resume… Continue Reading
