There were 627 announced insurance agency mergers and acquisitions during the first three quarters of 2022, down from 668 in 2021, according to OPTIS Partners’ M&A database. It was the second-highest recorded total for this nine-month period.
Press Release
The state has the highest number of deaths per 100,000 people.
Geopolitical risks come in second place, overtaking cyber and pandemic risks.
Increasing costs of litigation and medical expenses continue to impact auto insurance losses.
The total damage and economic loss caused by the Mississippi River’s historically low water levels and related supply chain impact are estimated to be around $20 billion, according to AccuWeather.
This program pairs the risk management acumen of actuaries with the interdisciplinary expertise necessary to manage the complexity of climate risk.
This will enable faster group connection and processing times, as well as decreasing operational overhead for benefits administration.
A recent Agency Forward survey from Nationwide reveals that few see relief in the near term and are taking alarming measures to protect their business as they anticipate a recession in the coming months.
Amid rising premiums, health insurance subsidies keep pace.
New research from Lincoln Financial Group shows 45% of employees surveyed expect inflation will impact their benefit decisions this year.
NEW YORK–(BUSINESS WIRE)–Equitable President Nick Lane will be honored with the 2022 Marine Corps University Foundation (MCU Foundation) and Alumni…
New York State Superintendent of Financial Services Adrienne A. Harris announced that EyeMed Vision Care will pay a $4.5 million penalty to New York State for violations of DFS’s Cybersecurity Regulation that contributed to the exposure of hundreds of thousands of consumers’ sensitive, non-public, personal health data, including data concerning minors.
Colonial Surety’s new Commercial General Liability offering provides insurance coverage for small businesses against claims made by others including bodily injury, damage to property, or personal injury.
Transamerica announced the availability of a new universal life insurance policy designed specifically to be a voluntary workplace benefit, and a combination of available riders that, for a fee, could potentially pay up to three times the value of the policy’s death benefit.
A federal judge approved a $25 million settlement between Genworth and a class of more than 13,400 plaintiffs alleging that policyholders of the company’s Gold and Gold II universal life insurance policies were subject to unlawful cost of insurance (COI) increases.
Next year, individual market premium rates will decrease 4% on average, with the greatest decrease at 10%.
The National Association of Professional Insurance Agents and the American Insurance Marketing and Sales Society have announced they will combine entities to redefine the future of insurance education.
The 2023 numbers from Social Security and Medicare provide an opportunity for clients and advisors to discuss retirement plans, the role of Social Security, Medicare premiums, and other healthcare costs that need to planned for in retirement.
Gerald F. Hemphill, CIC, LUTCF, of Richmond, Virginia was installed as president of the National Association of Professional Insurance Agents during the organization’s board of directors meeting held in San Diego, California.
The Employee Benefit Research Institute announced the launch of a re-envisioned Ballpark E$timate calculator to help individuals estimate their savings needs and future spending during retirement.
