Editor’s note: This is the first article in a series about financial and/or estate planning issues that we all should know but might be too embarrassed to ask about. First up: life insurance trusts. As a lifelong baseball fan, I have always appreciated knowing that certain players — Hank Aaron, Cal Ripken and Joe DiMaggio, […]
I’m Embarrassed to Ask: What Is a Life Insurance Trust? Read More »
When you rent a car, the company almost always offers supplemental coverage that costs extra. When you get to that stage of the booking process, you’re probably wondering if it would be irresponsible of you to decline to save a few bucks. The good news is that the answer is probably no. Most people can
Does My Car Insurance Cover Rental Cars? Read More »
This post is part of a series sponsored by EZLynx. The insurance industry is experiencing one of its most significant transformations in decades. Fueled by evolving customer expectations and workforce attrition, the ability to leverage agency management technology is becoming a key factor in how independent agencies compete and deliver value. At EZLynx, we’re focused
How EZLynx is Empowering the Next Generation of Insurance with AI Read More »
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Data centre boom will require specialised insurance: Allianz :: Insurance Day Read More »
For the 2025 fiscal year, the Connecticut Insurance Department (CID) collected more than $95 million in revenue that has boosted the state’s general fund. The revenue included approximately $2.2 million from insurance industry fines and penalties, $44 million from various fees, and $49 million from surplus lines tax payments. The CID said it also helped
Connecticut Collects $95M in Insurance Industry Fees, Fines and Taxes Read More »
The Forum for Insurance Transition has presented its recommendations for the role re/insurers play in the transition to net zero Related Stories Daily Digest: Re/insurers warn of climate tipping point, UK Club demands rate hike, IGI’s Jabsheh on reinsurance Howden launches marine business in Japan FM expands resilience credit to $825m
UN forum proposes insurance taskforce for climate talks Read More »
Adam Balentine Marsh McLennan Agency (MMA), headquartered in White Plains, New York, appointed Adam Balentine as President of National Business Insurance. Based in Kansas City, Missouri, Balentine leads the development of strategic growth initiatives for MMA’s property and casualty business, oversees the national claims group and manages specialized risk practices, proprietary products and programs. With
MMA Appoints Balentine as President of National Business Insurance Read More »
The Caribbean parametric insurer, CCRIF SPC, announced it will make a second payout of US$21.1 million to the government of Jamaica – a policy triggered by excess rainfall from Hurricane Melissa. This payout follows the CCRIF’s first record payment of US$70.8 million to Jamaica to cover damages from Hurricane Melissa triggered by modeled losses from
Jamaica to Get 2nd Parametric Insurance Payout for Excess Rainfall From Storm Melissa Read More »
The U.S. loses approximately $308.6 billion in insurance fraud, leading to each policyholder paying $900 more through annual premium increases, according to the Coalition Against Insurance Fraud. Scams affecting American policyholders and companies are among the most pervasive financial crimes in the nation. The cost of fraudulent claims hits insurers first, but eventually consumers feel
Consumers Are the Front Line in Fighting Insurance Fraud Read More »
A few months ago, I wrote about a major retirement expense that rarely attracts much attention—the high cost of insurance coverage. Whether it’s premiums for Medicare Part B, for supplemental health coverage plans, drug coverage, long-term care insurance, auto insurance or homeowners/renter’s insurance, the total is often surprisingly high. And it’s getting higher. In 2026,
Rising Insurance Costs Threaten Retirement Plans Read More »