Celebrating 20 years of being the industry’s number one news source!
Foresters Financial today announces that it has entered into a definitive agreement with Nassau Financial Group, subsidiary Nassau Life Insurance Company, to acquire Foresters Financial Holding Company, Inc. and its subsidiary Foresters Life Insurance and Annuity Company.
Read moreJERSEY CITY, N.J., Oct. 10, 2019 (GLOBE NEWSWIRE) — Private U.S. property/casualty insurers’ surplus reached a new record of $802.2…
Oct. 11– Former Charlotte financial adviser Jim Heafner and Taylor Capital Management have been ordered to pay $1.03 million by a regulatory agency after five Charlotte- area retirees say they invested with Heafner and lost more than $500,000. Clients had accused him of selling unregistered financial instruments issued by 1 Global, the Observer reported in…
Oct. 10– Pollsters on both sides of the aisle agree that it’s Democrats who have the advantage on one of the 2020 election’s top issues: health care. The analysis from Democratic pollsters Celinda Lake and Paul Maslin, GOP pollster B.J. Martino and Republican strategist Brian Reisinger came during a WisPolitics.com polling summit in Madison Wednesday…
MINNEAPOLIS – Americans’ fear of a recession continues to rise, as half of Americans now say they are worried a…
MILWAUKEE – (Oct. 10, 2019) – Zywave, a leading insurance tech provider, today released the results from its highly anticipated…
Rates Up 4% in Third Quarter Transportation and Habitational Risks Assessed Largest Rate Increases US property and casualty insurers continue…
Composite Rate for Personal Lines Insurance Rises to Plus 4.5% Homeowners rates continue to increase across US The composite rate…
—Asian shares followed U.S. stocks lower after a disappointing update on American manufacturing that stirred worries about the economic outlook. Japan’s Nikkei 225 index shed 0.5% to 21,778.61 while the Hang Seng in Hong Kong lost 0.2% to 26,029.11. The U.S. factory report showed that manufacturing weakened in September for the second straight month as…
Winston-Salem and Forsyth County homeowners will face a 3.5% increase in their insurance rate as part of a settlement approved Friday by state Insurance Commissioner Mike Causey. The rate, which goes into effect May 1, is significantly less than the 20% hike sought by the N.C. Rate Bureau in December. Commissioner Mike Causey also approved an overall 4.3%…
A new study finds that more and more seniors are delaying retirement to work longer. The labor force participation rate for the 65-74 age group alone has increased by nine percentage points, from 18% to 27%, in the past 20 years. For the 75+ group, the labor force participation rate nearly doubled over the same time period.
—Japanese automakers on Thursday urged the government to do more to support the industry after their government signed a trade deal with the U.S. that kept auto tariffs unchanged. Automakers were hoping to see tariffs eliminated, but Japan only managed to keep them at 2.5% and win a U.S. promise of no more for now. The agreement only allows Japan to delay auto tariff…
Sep. 25– Lori Ann Lewis was doing charity work in downtown Orlando when, by chance, she ran into someone who worked in the gold business. It was in the lobby of the Seacoast Bank skyscraper in 2016, just before the presidential election, when she met Susan Kitzmiller, an employee at U.S. Coin Bullion, a precious metals investment firm. The owners of the company would…
Falls Church, Va. – The National Association of Insurance and Financial Advisors announced the creation of the Talent Development Center…
–A new survey conducted by eToro, a global trading platform with 11 million registered users, found that more than two-thirds of US investors fear a recession is looming. Survey respondents cited the ongoing trade conflict between the United States and China— as well as challenges with Mexico— as the most prevalent geopolitical factors that will impact their…
Money and finances cause young adults a lot of stress, a survey revealed.
U.S. commercial insurance prices increased by nearly 4% in the second quarter of 2019 compared to prices charged during the second quarter of 2018.
Pacific Life Insurance Company just introduced Protected Investment Benefit, an optional benefit available with certain Pacific Life variable annuities. As a long-term investment designed for retirement, a Pacific Life variable annuity can provide guaranteed lifetime income and unlimited growth potential. “When clients are closing in on retirement,…
Today the board of directors of State Auto Financial Corporation declared a regular quarterly cash dividend of $0.10 per share, payable Sept. 27, 2019, to shareholders of record at the close of business on Sept. 17, 2019. State Auto Financial Corporation, headquartered in Columbus, Ohio, is a super regional property and casualty insurance holding company and is…
United States Attorney Grant C. Jaquith, New York Attorney General Letitia James and officials of the FBI and IRS announced in a media release that Thomas K. Lagan, 60, pleaded guilty to money laundering and filing a false tax return. Lagan, an investment adviser and attorney, reportedly admitted that he conspired with Richard J. Sherwood between November 2011 and…
State Farm Companies, an auto, home and individual life insurance provider, issued the following news release:. -Officials Are Working to Prepare the Public And Law Enforcement for Their Lifesaving Potential. Experts addressed these topics at a May 8, Governors Highway Safety Association/ State Farm (R) meeting.
–Health Insurance Innovations, Inc., a leading cloud-based technology platform and distributor of affordable health insurance, life insurance and supplemental plans, today announced the launch of www.agilelifeinsurance.com, a new on-line marketplace where consumers can easily compare and purchase an array of affordable life insurance products..
Insurance.com released a new study examining the worst states for auto accident claims.
–The National Insurance Crime Bureau today, released the most recent three-year analysis of insurance claims associated with hail storms in the United States, and Texas and Colorado continue to remain at the top of the list. According to a review of claims data from ISO ClaimSearch ®, there were a total of 2,891,291 hail loss claims from January 1, 2016 through…
When digital agency Work & Co’s founding partner Mohan Ramaswamy met with Hippo’s founders Assaf Wand, Eyal Navon and Aviad Pinkovesky for the first time three years ago, the home insurance startup hadn’t yet launched.
–American parents are feeling the weight of familial financial obligations. In fact, 42% of parents say they were not financially prepared to have a child, according to a new white paper from Policygenius, the nation’s leading online insurance marketplace. “The reality is, it’s expensive to have a child, especially when you add that strain to the rest of your…
_ Kemper Corp. on Monday reported second-quarter profit of $122.1 million. The Chicago- based company said it had profit of $1.84 per share. Access a Zacks stock report on KMPR at https://www.zacks.com/ap/KMPR.
_ CNA Financial Corp. on Monday reported second-quarter earnings of $278 million. On a per-share basis, the Chicago- based company said it had profit of $1.02. CNA Financial shares have risen nearly 7% since the beginning of the year.
Seventy years ago, before Medicare existed to inspire “Medicare for All,” a Democratic president wrestled with a challenge strikingly similar to what the party’s White House hopefuls face today.
UnitedHealth Group, Anthem and several other insurers outpaced the broader market in what has been an otherwise choppy year for the industry.
Aug. 4– BEARDSTOWN– For Beardstown farmer Jack Hardwick, the long-term flooding of many of his fields near Beardstown, Chandlerville and Meredosia has made this year’s planting season a hard one. The U.S. Department of Agriculture’s Risk Management Agency pays claims to farmers who are prevented from planting their land for any of several reasons, including…
Forty percent of non-retired Americans say that “how much income they’ll have in retirement” is the most important question they face about retirement. And eight in ten (80%) non-retirees indicate they lack a specific financial plan that they follow. One-third are not preparing for retirement because they don’t have enough time.
FALLS CHURCH – The National Association of Insurance and Financial Advisors (NAIFA) announced Guy E. Baker, Ph.D., MSFS, MBA, CLU,…
Total new premium for individual life combination products dropped 2% to $4.3 billion in 2018, according to LIMRA. Life combination products provide life insurance coverage with long-term care or chronic illness coverage, an attractive value proposition to consumers. In 2018, combination products represented 27% of the overall U.S. individual life insurance market.
