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NEW YORK, Dec. 5– The Depository Trust and Clearing Corp., a provider of clearing and settlement services to the financial markets, issued the following news release:. New DTCC Survey highlights that 55% of respondents believe there is a high or very high chance of a high-impact systemic event in 2025. New York/ London/ Hong Kong/ Singapore/ Sydney, December 4, 2024- The…

Patrick T. McHenry, R- North Carolina, chairman of the House Financial Services Committee, issued the following news release:. Ahead of a hearing to examine how technology is shaping the future of finance, the Chairman of the House Financial Services Committee, Patrick McHenry, and Ranking Member Maxine Waters introduced two bipartisan measures highlighting…

–BrokerTech Ventures, the world’s largest broker-led accelerator and insurtech community, announced today the addition of Leavitt Group as a partner. Leavitt Group, one of the nation’s largest privately held insurance brokers headquartered in Cedar City, Utah, joins 13 brokers and 14 carriers, wholesalers, and community partners to strengthen the vast BTV…

For the first time in the company's history, Root Inc. recorded a quarterly net income profit. The Columbus, Ohio- based parent company of Root Insurance founded in 2015 recorded third quarter net income of about $23 million compared to a net loss of about $46 million a year ago during the same period. For the year thus far, Root Inc. is also in the positive with net…

NEW YORK, NY, UNITED STATES, November 6, 2024/ EINPresswire.com/– MIC Global, a pioneering full-stack embedded micro insurance provider, is pleased to announce a new partnership with leading InsurTech company VOOM Insurance, to provide reinsurance to its rideshare business. This strategic collaboration aligns perfectly with MICā€™ s mobility book and…

Prudential Financial, a financial services company, issued the following news:. Prudential Financial, Inc., a global financial services leader, has announced a strategic partnership with 123 Seguro, a leader in digital insurance transformation in Latin America and one of the region's largest digital insurance platforms. Beginning in 2024, Prudential and…
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Critics say social media sites like TikTok are spreading misinformation about life insurance.

The proliferation of so-called ā€œfinancial expertsā€ using half-truths and polished scripts to peddle life insurance on TikTok and YouTube is concerning to many in the industry.