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News Center

Life Happens

Do I Still Need Life Insurance Once I Retire? Your Questions Answered
Just because you’re retired doesn’t necessarily mean you’re financially sound. Think of all the different scenarios that may still be applicable: You may have been required to retire early; you may have had investments that have gone sour and haven’t had time to rebuild your nest egg. Additionally, there may be a need to cover final expenses, you may have children still at home who depend on the them, or you may have a family member like an aging parent or special-needs sibling that you provide financial support for.

POSTED JANUARY 09, 2018 11:00 AM
You Think You Won’t Qualify for Life Insurance, but You’re Wrong
Think you can’t qualify for life insurance? Think again. You want to protect your loved ones for the future once you’re no longer around to provide for them. We all do. Life insurance gives you that peace of mind that your family will be taken care of after you’re gone. However, you’re also worried that your health issues mean you won’t qualify for life insurance because it is meant for healthy people only. So what do you do?

POSTED DECEMBER 12, 2017 11:00 AM
Here’s Why Millennials Aren’t Buying Life Insurance (and why they are wrong!)
Only 52% of Millennials have life insurance, but a whole lot more than that have loved ones—spouse, partner, kids, aging parents—that need financial protection if something were to happen to them. Here's what the 2017 Insurance Barometer Study by Life Happens and LIMRA found:

POSTED NOVEMBER 15, 2017 11:00 AM
Get the Long-Term Care (Tweetable!) Facts
It’s Long-Term Care Insurance Awareness Month. Stop! Before you come to the rash conclusion that “It’s nursing home insurance for old people. I don’t need that!” please just spend two minutes with this video. (And know that 80% of people who need care get it in their home!). Plus we have "tweetable" facts about long-term care and long-term care insurance.

POSTED NOVEMBER 01, 2017 11:00 AM
3 Ways Life Insurance Can Help Maximize Your Retirement
If you’re one of the millions of Americans who owns a permanent life insurance policy (or are thinking about getting one!) you’ve probably done it primarily to protect your loved ones. But over time, many of your financial obligations may have ended. That’s when your policy can take on a new life—as a powerful tool to make your retirement more secure and enjoyable. Permanent life insurance can open up options for you in retirement in three unique ways:

POSTED OCTOBER 16, 2017 11:00 AM

Business Insurance

Business interruption tops list of commercial risks

POSTED JANUARY 16, 2018 7:13 AM
Labor Department rebalances test for intern pay
The Labor Department has introduced a less stringent test to determine whether employers must pay their interns at least a minimum wage and overtime.

POSTED JANUARY 16, 2018 7:03 AM
Lloyd's to open Brussels unit by 2019
Inga Beale, chief executive of Lloyd's of London, said that the insurance market plans to start operations at its Brussels unit by Jan. 1, 2019, to prepare for Brexit.

POSTED JANUARY 16, 2018 6:37 AM
Israel imposes $22-million fine on pharmaceutical firm
The State Prosecutor's Office in Israel has fined Israel-based Teva Pharmaceutical Industries Ltd. $22 million for its involvement in corruption in Eastern Europe and Mexico.

POSTED JANUARY 16, 2018 6:36 AM
Insurers must explain rise in policy rates under new rules
Kelly O'Dwyer, Australia's Minister for Revenue and Financial Services, said that insurers would need to explain why insurance prices are increasing and by how much as part of new measures being considered by the government.

POSTED JANUARY 16, 2018 6:35 AM
Storm causes more than $40 million in damage
City council authorities in New Zealand said that the storm that hit eastern Otago and Canterbury in July 2017 caused nearly $55 million New Zealand ($40.2 million) worth of damage.

POSTED JANUARY 16, 2018 6:30 AM
Cyber attacks hit nearly 70% of ship owners
A survey by the Danish Shipping association found that cyber attacks hit 69% of local ship owners in 2017.

POSTED JANUARY 16, 2018 6:29 AM
Brexit among top concerns for risk managers
A survey by Germany-based insurer Allianz S.E. found that risk managers in British businesses are more worried about risk of changes in legislation and regulation, including Brexit, new trade barriers and protectionism, than they were a year ago.

POSTED JANUARY 16, 2018 6:28 AM
Insurers receive 3,000 claims related to Groningen quake
The Dutch regional center for residential safety said that insurers have received nearly 3,000 claims for property damage in the city of Groningen following an earthquake in the region.

POSTED JANUARY 16, 2018 6:24 AM
Heavy rains cause power outage, disrupt air traffic
Heavy rains due to cyclone Joyce lashed Australian city Perth on Jan. 15, causing power outage and floods and disrupting flight schedules at the city's airport.

POSTED JANUARY 16, 2018 6:23 AM

Risk Management

3 steps to disaster-proofing your insurance agency
It’s vital that everyone in your office understands what to do when business as usual is jeopardized by an unforeseen event.

POSTED JANUARY 16, 2018 6:00 AM
The cyber threat to small and midsize businesses [infographic]
Too small to fail? Think again.

POSTED JANUARY 15, 2018 6:15 AM
11 ways cars will be smarter in 2018
Connected vehicle technology, better electric batteries, and 'infotainment' systems are just three of the trends for insurers and claims specialists to watch.

Mudslides ravage California coastal town
Sixty-five single-family homes were destroyed and 462 damaged by the flooding and mudslides that struck the city of Montecito Tuesday after the first winter storm to hit the region.

POSTED JANUARY 12, 2018 5:15 PM
Disaster-mitigation programs targeted by Trump shown to reduce future costs
A report released by the National Institute of Building Sciences found that every $1 the federal government spends on mitigation projects reduces future costs by an average of $6.

POSTED JANUARY 12, 2018 1:20 PM
Who's the best target for cyber cover?
The cyber market's ever-evolving business threats can be mitigated by brokers savvy enough to identify coverage gaps in existing policies.

POSTED JANUARY 12, 2018 12:30 PM
Construction company owner charged in alleged $700,000 workers' comp scam
The owner of Florida-based Miochosis Construction, Inc. left her employees uninsured and vulnerable to workplace injuries.

POSTED JANUARY 12, 2018 6:00 AM
The unique risk to nonprofits of a targeted cyber attack
Nonprofits and charity organizations are particularly vulnerable. Here are some ways they can protect against cyber incidents.

POSTED JANUARY 12, 2018 6:00 AM
Is the bitcoin bubble about to burst?
We may be staring down the barrel of a massive 'bubble.'

POSTED JANUARY 12, 2018 12:30 AM
Top cyber risks businesses should prepare for in 2018
2018 is expected to bring additional business technological advances, thus increasing the opportunity to exploit devices for malicious purposes.

POSTED JANUARY 11, 2018 6:00 AM

News – Insurance Journal

E&S Exit: State Auto’s Rockhill Sells Environmental Insurance Renewals to CapSpecialty
Capitol Indemnity Corp., a wholly-owned subsidiary of CapSpecialty Inc., said it has acquired the renewal rights to Rockhill Insurance Group’s excess and surplus environmental insurance book of business. Rockhill is a member of the State Auto Insurance Group, which has …

POSTED JANUARY 16, 2018 2:52 PM
GE Still Grappling with Legacy Insurance Business
General Electric Co. will take a $6.2 billion charge for the fourth quarter as the manufacturing behemoth grapples with lingering problems in a legacy insurance business. The after-tax charge will be $7.5 billion when adjusted to the rate following the …

POSTED JANUARY 16, 2018 1:39 PM
BP Still Paying Gulf Oil Spill Claims as Court Battles Wind Down
BP Plc raised the amount it will pay this year for the Deepwater Horizon accident as thousands of lawsuits related to the biggest oil spill in U.S. history start to wind down. The 2010 explosion at a well in the …

POSTED JANUARY 16, 2018 1:05 PM
Insurance Center of New England Acquires Massachusetts’ Eastman & Davis
Insurance Center of New England (ICNE), based in Agawam, Mass., has added Eastman & Davis Insurance Agency of West Springfield, Mass., to its company. ICNE is a privately-owned and independent insurance agency with three offices in Agawam, Gardner and Westford, …

POSTED JANUARY 16, 2018 11:51 AM
Risk Placement Services Announces Opening of Massachusetts Branch Office
Risk Placement Services (RPS) has announced the opening of a branch office in Hopkinton, Mass. RPS is a managing general agent, underwriting manager and nationally focused wholesale insurance broker. Rich Martino is executive vice president and branch manager of the …

POSTED JANUARY 16, 2018 11:40 AM
CVS Says It Will Keep Aetna in Connecticut’s Capital City
CVS Health Corp. said Friday it has “no plans” to move Aetna from Connecticut’s capital city, reversing last year’s announcement by the insurance giant that it would move its headquarters to another state after nearly two centuries in Hartford, Conn. …

POSTED JANUARY 16, 2018 11:01 AM
Here Are Some Post-Brexit Scenarios Being Discussed for UK Financial Services
A stand-off between Britain and the European Union over the future of London’s vast financial services industry is shaping up as one of the key Brexit battlegrounds of this year. EU trade negotiator Michel Barnier has said there will be …

POSTED JANUARY 16, 2018 9:01 AM
Randall & Quilter Sells Insurance Services & Captive Mgmt. Operations to Davies Group
Randall & Quilter Investment Holdings Ltd. (R&Q) announced the sale of its Insurance Services and Captive Management Operations to Davies Group, a London-based operations management, consultancy and digital solutions provider. The transaction involves the sale of the entire share capital …

POSTED JANUARY 16, 2018 8:36 AM
Argo Group Renews Harambee Re Sidecar Reinsurer for 2018
Argo Group International Holdings Ltd., the international underwriter of specialty insurance and reinsurance products, announced the renewal of Harambee Re Ltd. as Argo Group’s sidecar reinsurer for 2018. Launched in 2013, the sidecar continues with the company’s “successful track record …

POSTED JANUARY 16, 2018 8:15 AM
Insurance, Finance Fraud in UK Jumps to $2.9B, a 15-Year High
Fraud in the U.K. rose to 2.1 billion pounds ($2.9 billion), the most in 15 years, as the police commander in charge of fighting the crime said the amount of evidence was setting back investigations. The value of finance and …

POSTED JANUARY 16, 2018 7:46 AM

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