Doug Bailey

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Doug Bailey

Doug Bailey is a journalist and freelance writer who lives outside of Boston. He can be reached at [email protected].

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November 16, 2023
Illustration of a large upward pointing arrow with a snail on top along with the words "Mergers slowing."

Large decrease seen in insurance agency mergers and acquisitions

The once-ballooning insurance agency mergers and acquisitions market in the United States and Canada has deflated.

November 15, 2023
Image of a millennial-generation woman pushing back with her hand against the words "Life Insurance."

Life insurance not high priority for millennials, study finds

Buying life insurance isn’t a top priority for millennials, despite major efforts by companies to ease sign-ups and lower costs.

November 10, 2023
Financial graphs trending downward with the Genworth logo superimposed.

Genworth struggles to find positives in bleak Q3 earnings

Genworth Financial execs had to dig deep into the Q3 financial results to find positive signs in the wake of precipitous drops in earnings.

November 8, 2023
Image of AI and financial symbols superimposed over a background of skyscrapers in a business district.

AI to “change everything” for financial services, says banking panel

While it’s expected Al will transform businesses like financial services, a consumer banking panel believes the changes will be jaw-dropping.

November 3, 2023
Prudential logo superimposed over an illustration of swirling financial graphs.

Prudential beats the street, despite Q3 loss of $802M

Prudential Financial handily beat the street with better than expected third quarter earnings, despite $802M loss.

Despite income drop, Corebridge sees Q3 numbers as success

November 3, 2023

Despite a 13% drop in net income compared to last year’s third quarter, executives at Corebridge Financial Inc., said Friday…

November 3, 2023
Lincoln Financial Group logo superimposed over a highway vista.

Lincoln falls short in Q3, but sees ‘path to recovery’

Lincoln National Corp. conceded Thursday that the company’s Q3 financial results fell short, but said it’s making progress toward “recovery.”

November 2, 2023
Lemonade Inc.'s logo superimposed a fever graph.

Not profitable yet, but Lemonade beats expectations in Q3 earnings

Insurtech disruptor Lemonade Inc., set Wall Street buzzing Thursday when it unveiled better than expected third quarter financial results.

November 2, 2023
Words "P&C", Q2 net income plummets" superimposed over a scene of storm devastation.

P&C industry pummeled in Q2; net income plummets

Underwriting losses from rising costs, extreme weather events, and other factors, pummeled the property casualty industry in Q2.

November 1, 2023
Apollo Management logo superimposed over an upward trending bar graph.

Apollo Global reports record Q3 earnings, riding high interest rates

Investment management giant Apollo Global Management reported record earnings for the third quarter, driven by rising interest rates and fees.

November 1, 2023
Image of $100 bills with blocks spelling out "FED" and up and down arrows superimposed.

Fed decides to stand pat on rates, as market does its work

Federal Reserve policymakers decided to “hold ‘em” and let the treasurer and bond markets take care of quashing inflation.

October 26, 2023
Person looking away at numerous objects that symbolize a healthy lifestyle and behavioral insurance, with the MassMutual logo superimposed.

MassMutual embraces behavioral insurance with new program

MassMutual is the latest life insurance company to embrace behavioral insurance to help improve the health and longevity of their policyholders and reduce premature death claims.

October 26, 2023
Image of a skull superimposed in front of a bar graph showing increasing mortality claims.

‘Excess mortality’ continuing surge causes concerns

Life insurance executives and actuaries believe excess mortality rates are alarming and could continue to drag earnings for years to come.

October 25, 2023
Image of staff people working, some on computers, with the PIABA logo overlapping the image.

PIABA continues effort to prevent erasure of consumer complaints

A campaign prevent widespread erasure of consumer complaints from regulator databases has made progress, but most are expunged on request.

October 24, 2023
Group of people in business attire running through the streets, in a panic. Caught in financial storm, P&C insurers turn to reorgs, layoffs.

Caught in financial storm, P&C insurers turn to reorg, layoffs

Some of the costliest periods of natural catastrophes, rising claims and persistent inflation, have led to huge losses for P&C insurers.

October 10, 2023
Injured worker fills out a workmen's compensation form. State seal of Florida superimposed above the image.

Proposed historic drop in Florida workers’ comp rate draws concern

Proposed average workers’ compensation rate decrease of 15.1% proposed by the National Council on Compensation Insurance draws concerns.

October 6, 2023
Image includes the words, "Providers leaving the market" over scenes of distressed patients.

NADP: Ameritas, Principal to leave Massachusetts small-plan dental market

Two more dental insurers have indicated they will withdraw from the small-plan market in Massachusetts, citing a successful voter referendum mandating the amount of revenue the companies must spend on patient care.

October 3, 2023

Bass to head up Equitable Holdings investor relations

Equitable Holdings has reached out to veteran life insurance analyst Erik Bass to take over duties as its new head of investor relations.

October 2, 2023
Image showing several of the Institute for the Fiduciary Standard ads from its new campaign.

Fiduciary institute ads take stance against broker dealers

Institute for the Fiduciary Standard kicks off ad campaign aimed at highlighting differences between RIAs and broker dealers.

September 28, 2023
State Farm logo superimposed along with downward pointing arrows over the hood of an automobile.

Auto, weather losses spur outlook downgrade for State Farm

Credit rating agency AM Best has revised the outlook for State Farm Auto Insurance and its subsidiaries to negative.

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