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News Center

Life Happens

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
Experts Weigh in on Key to Financial Fitness
We asked some top advisors what their advice is for being financially fit. Here’s what they shared with us. How many of these can you tick off? It’s about the flow. Watch your cash flow and live within your means—that’s the starting point. Once that’s under control, plan for the future, including what if something happens to you.

POSTED OCTOBER 04, 2017 6:19 PM
4 Things You Probably Don’t Know About Your Life Insurance at Work
If you have it, it’s most likely not enough. Most employer-provided life insurance coverage is one to three times your salary. So if you make $50,000, having up to $150,000 of life insurance sounds like a lot, right? But if you try to put that money to work in today’s interest rate environment, you’ll soon find out it doesn’t go very far. And if your family needs to spend $50,000 each year, what are they going to do after the third year?

The Twitterverse Talks Financial Fitness and Life Insurance
It's Life Insurance Awareness Month and what better way to celebrate than gathering Twitter friends and experts to talk about financial fitness and life insurance! We spent an hour today (Tuesday, Sept 12) moderating a very lively and insightful conversation. Here are some great highlights from #LIAM17Chats.

Join Us for a Special Twitter Chat during LIAM
Join Life Happens as we moderate a Twitter Chat focused around all things life insurance during Life Insurance Awareness Month. We anticipate plenty of activity from consumers, the media, insurance companies, agents, and more. We hope the chat helps promote life insurance awareness among consumers, and allows agents and companies to discuss industry issues, best […]

POSTED AUGUST 28, 2017 3:44 PM

Business Insurance

Nate insured losses could reach $1 billion
Hurricane Nate caused an estimated $500 million to $1 billion in insured losses related to wind damage to residential and commercial properties, according to an estimate published by catastrophe modelling firm CoreLogic on Friday.

POSTED OCTOBER 20, 2017 10:44 AM
Neon establishes Italian marine joint venture
London-based Neon Underwriting Ltd. said Friday that it is launching an underwriting operation in Italy with Cambiaso Risso, an Italian marine broker that will have a minority shareholding in the venture.

POSTED OCTOBER 20, 2017 10:33 AM
Swiss Re latest company to estimate cat losses

POSTED OCTOBER 20, 2017 10:03 AM
The BI Top 10
This week's most popular stories include AmWINS' acquisition of several specialty programs from Willis Towers Watson, and insurance payouts for the wildfire damage to California wineries.

POSTED OCTOBER 20, 2017 6:34 AM
Spill from tanker to cost oil firms nearly $70 million
An oil spill from a sunken Greek tanker that polluted four kilometers of the Saronic Gulf coastline is likely to cost oil companies £51 million ($67 million).

POSTED OCTOBER 20, 2017 4:00 AM
Reinsurance prices likely to rise by up to 50% in regions struck by natural disasters: Hannover Re
Ulrich Wallin, chief executive of Hannover Re S.E., said that reinsurance prices could rise by up to 50% in regions hit by natural disasters in North America.

POSTED OCTOBER 20, 2017 4:00 AM
Natural disasters cause nearly $50 billion of economic losses
The China National Commission for Disaster Reduction and the country's civil affairs ministry said that natural disasters caused nearly $48 billion in direct economic losses in the first nine months of this year.

POSTED OCTOBER 20, 2017 4:00 AM
Philippines collaborates with Asean countries to improve cat reinsurance programs
The Philippines has teamed up with other Association of Southeast Asian Nations' members to improve catastrophic reinsurance programs.

POSTED OCTOBER 20, 2017 4:00 AM
Floods cause more than $60 million in damage
A report by Norway's financial industry association Finans Norge found that October floods have caused more than 500 million Norwegian krone ($62.7 million) worth of damage to date.

POSTED OCTOBER 20, 2017 4:00 AM

Risk Management

One month after Maria, a crisis still rages in rural Puerto Rico
Almost 80% of residents and private businesses — not just in the rural mountains, but across the island — are still without electricity.

POSTED OCTOBER 20, 2017 11:25 AM
Accidents happen: Here's how technology can help keep remote workers safe
A growing mobile workforce creates unique safety challenges for businesses.

POSTED OCTOBER 20, 2017 7:00 AM
Pennsylvania dog recognized for most unusual pet insurance claim of the year
The Hambone Award honors the most unusual pet insurance claim of the year. Rooster was nominated after he was impaled by a large tree branch during a routine hiking trip.

POSTED OCTOBER 20, 2017 6:15 AM
3 ways data science is changing commercial underwriting
One of the great ironies of the insurance industry is that it was among the first to embrace analytics but has become known for its reluctance to adopt technological innovations.

POSTED OCTOBER 19, 2017 12:30 PM
Top California regulator: We may never know if PG&E caused fires
California’s chief utility regulator said the state may never determine whether PG&E Corp.’s electrical equipment played a role in igniting the deadly blazes near San Francisco earlier this month.

POSTED OCTOBER 19, 2017 11:53 AM
Printing in 3D: Who's liable for product failures?
New printing technology is creating unique claims for insurers.

POSTED OCTOBER 19, 2017 9:00 AM
Kentucky legislature overlooks examinations under oath
New legislation impacts fraud investigation efforts.

POSTED OCTOBER 19, 2017 8:00 AM
Commercial auto insurance market update: Rough road to profitability
Experts cite highly competitive pricing, more distracted driving and the increasing frequency and severity of medical claims as significant challenges in the commercial auto insurance market.

POSTED OCTOBER 19, 2017 6:00 AM
Ford is recalling 1.3 million F-Series trucks
The second largest U.S. automaker said side doors of certain F-150 and Super Duty pickups may not open or can appear closed when not fully latched.

POSTED OCTOBER 18, 2017 12:40 PM
CNN awarded first FAA waiver allowing drone flights over crowds
The small device that was approved, a Snap drone, has internal rotors and is designed to break apart in the event of a crash to prevent injuries.

POSTED OCTOBER 18, 2017 12:05 PM

Financial - The Hartford

The Hartford Elects Greig Woodring And Steve McGill To Its Board Of Directors
HARTFORD, Conn., Oct. xx, 2017 – The Hartford today announced the election of two members to the company's board of directors, Greig Woodring and Steve McGill, effective December 20, 2017.  Woodring and McGill will replace Charlie Strauss and H. Patrick...

POSTED OCTOBER 19, 2017 9:36 PM
The Hartford Estimates Third Quarter 2017 Catastrophe Losses Of $325 Million To $375 Million, Before Tax
Includes estimates for Hurricane Harvey of $175 million, before tax, and Hurricane Irma of $125 million to $175 million, before tax, both net of reinsurance Third quarter 2017 financial results to be released on Oct. 26 October 02, 2017 08:00...

POSTED OCTOBER 02, 2017 12:02 PM
The Hartford Appoints Sabra Purtill As Treasurer
HARTFORD, Conn. The Hartford has appointed Sabra Purtill to the position of treasurer effective Sept. 16. This is an expanded role for Purtill, who will oversee the corporate treasury group, including the company’s relationship with banks and rating ...

The Hartford’s Beth Bombara To Speak At The Barclays Global Financial Services Conference On Sept. 12
HARTFORD, Conn., Sept. 5, 2017 – The Hartford’s Chief Financial Officer Beth Bombara will participate in a fireside chat at the Barclays Global Financial Services Conference at approximately 10:30 a.m. EDT on Tuesday, Sept. 12.   A webcast of the event...

The Hartford’s Beth Bombara To Speak At The KBW Insurance Conference On Sept. 7
HARTFORD, Conn., Aug. 31, 2017 – The Hartford’s Chief Financial Officer Beth Bombara will participate in a fireside chat at the KBW Insurance Conference at approximately 10:15 a.m. EDT on Thursday, Sept. 7.   A webcast of the event will be available,...

POSTED AUGUST 31, 2017 1:00 PM
The Hartford Reports Second Quarter 2017 Net Loss Per Diluted Share Of $0.11 And Core Earnings Per Diluted Share* Of $1.04
Net loss of $40 million, including a previously-announced $488 million, after tax, pension settlement charge, compared with net income of $216 million in second quarter 2016; net loss per diluted share of $0.11 compared with net income per diluted...

POSTED JULY 27, 2017 8:20 PM
The Hartford Declares Quarterly Dividend Of $0.23 Per Share Of Common Stock
HARTFORD, Conn.--The Hartford’s board of directors today declared a quarterly dividend of $0.23 per share of common stock, payable on Oct. 2, 2017, to shareholders of record at the close of business on Sept. 1, 2017. This dividend will result in an...

POSTED JULY 20, 2017 8:15 PM
The Hartford To Announce Second Quarter 2017 Financial Results On July 27
HARTFORD, Conn., July 10, 2017 – The Hartford will release its second quarter 2017 financial results on Thursday, July 27, following the close of the market.   The company will host a webcast at 9 a.m. EDT on Friday, July 28, to discuss the results....

POSTED JULY 10, 2017 8:15 PM
The Hartford Reduces Pension Liabilities By $1.6 Billion
HARTFORD, Conn.--The Hartford has entered into an agreement with Prudential Financial, Inc. (NYSE: PRU) for the company’s pension plan to purchase a group annuity contract and transfer $1.6 billion, or 29 percent of The Hartford’s $5.6 billion in U.S....

POSTED JUNE 26, 2017 11:19 AM
The Hartford Names Robert Paiano Executive Vice President And Chief Risk Officer
HARTFORD, Conn.--The Hartford has named Robert Paiano chief risk officer to lead the company’s Enterprise Risk Management operations, effective July 1. Paiano succeeds current Chief Risk Officer Robert Rupp, who is retiring. Paiano will report to The...

POSTED JUNE 12, 2017 8:15 PM

News – Insurance Journal

Zurich’s Mulligan to Lead Aon Benfield’s U.S. Cyber Practice Group
Reinsurance intermediary Aon Benfield has appointed Catherine Mulligan as managing director and U.S. Cyber Practice Group leader. Mulligan brings underwriting, policy form and product knowledge to Aon’s cyber capabilities for insurers and will be responsible for driving the team’s growth …

POSTED OCTOBER 20, 2017 3:20 PM
Investors Remain Committed to ILS Market Despite Q3 Catastrophes: WTW
ILS investors are responding to the recent spate of natural disasters by making their payments to ceding companies, while continuing to raise more money and preparing to make new investments, according to Willis Towers Watson Securities. None of the third …

POSTED OCTOBER 20, 2017 2:19 PM
Pennsylvania Fire Company Closes Following Sexual Abuse Lawsuit
Authorities say a Pennsylvania volunteer fire company that was sued over sexual abuse by a firefighter and its alleged cover-up by fire officials has closed its fire station. Lancaster Emergency Management Agency director Randy Gockley tells LNP the West Willow …

POSTED OCTOBER 20, 2017 1:28 PM
Massachusetts’ Morrison Mahoney Elects Six New Partners
Morrison Mahoney LLP, a Boston, Mass.-headquartered law firm, has announced the election of six new partners. The partners represent a range of practice areas including appeals, insurance coverage, construction litigation, professional liability defense, medical malpractice, fraud, transportation and employment law …

POSTED OCTOBER 20, 2017 1:24 PM
How Middle Managers Coerce Employees into Deceiving Upper Management
Several recent corporate and governmental scandals — Wells Fargo and the Veterans Administration to name two — unfortunately have revolved around middle managers and employees who have attempted to meet lofty performance goals that superiors impose by engaging in deceptive …

POSTED OCTOBER 20, 2017 1:16 PM
EPIC Adds New Brokerage Team in Pittsburgh
EPIC Insurance Brokers and Consultants, a retail property and casualty insurance brokerage and employee benefits consultant, has opened operations in Pittsburgh, Penn., with the hiring of Sean Andreas, Al Dragotto, Kurt Karstens, Pete Kostorick, Sally Krauss, Zach Mendelson, Phil Wakim, …

POSTED OCTOBER 20, 2017 1:11 PM
Pennsylvania’s Kueny Insurance Merges with KMRD Partners
Kueny Insurance, a Warrington, Penn.-based insurance company, has merged with KMRD Partners, a boutique risk management and human capital solutions firm also based in Warrington. The merger brings three new team members to KMRD with experience in small to mid-size …

POSTED OCTOBER 20, 2017 1:06 PM
Insurance Agency M&A Continues at Fast Pace: OPTIS Partners
The number of insurance agency mergers and acquisitions over the first nine months of the year rose from 350 in 2016 to 457 this year, OPTIS Partners’ new quarterly report reveals. There were 132 deals announced during the third quarter, …

POSTED OCTOBER 20, 2017 12:44 PM
RSA Canada Taps Cohen from Aviva Canada as SVP, Chief Underwriting Officer
Toronto-based RSA Canada has appointed Steve Cohen to the newly created role of senior vice president and chief underwriting officer. The SVP and chief underwriting officer role was created to build upon the progress the company has made “in advancing …

POSTED OCTOBER 20, 2017 7:44 AM
Neon Launches Marine Joint Venture in Italy
Neon announced the launch of an underwriting operation in Italy with Cambiaso Risso, a leading Italian marine broker who will have a minority shareholding in the venture. Based in Genoa, Neon Italy will initially target hull and cargo business placed …

POSTED OCTOBER 20, 2017 7:18 AM

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