Brighthouse Life Insurance Co. filed a lawsuit in federal court on Oct. 10, claiming the Assemis broke their loan agreements and they are asking for a judicial foreclosure and appointment of a receiver. Brighthouse Life Insurance, a former division of MetLife Inc., joins three others who have filed legal action to try and recoup more $770 million in defaulted…
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AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of“ aa-” of Aviva Insurance Limited. The ratings also reflect AIL’ s strategic importance to and deep integration within Aviva as a leading provider of non-life insurance in the United Kingdom. AIL is the group’ s main UK- based non-life insurer and principal contributor…
AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of“ bbb” to HDFC International Life and Re Company Limited, a subsidiary of HDFC Life Insurance Company Limited, which in turn is owned by HDFC Bank Limited. The outlook assigned to these Credit Ratings is stable. The ratings reflect HDFC’ s balance sheet strength, which AM Best…
In the Spotlight is a Fresno Bee series that digs into the high-profile local issues that readers care most about. The largest“ original principal amount” was $11.1 million for the“ loan” to CEO Todd Suntrapak, according to the tax filing. Though it’ s sometimes used by hospitals and their executives, these types of life insurance arrangements attracted national…
In the Spotlight is a Fresno Bee series that digs into the high-profile local issues that readers care most about. The largest“ original principal amount” was $11.1 million for the“ loan” to CEO Todd Suntrapak, according to the tax filing. Though it’ s sometimes used by hospitals and their executives, these types of life insurance arrangements attracted national…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Luen Fung Hang Insurance Company Limited. The outlook of these Credit Ratings is stable. The ratings reflect LFH’ s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and…
Company Also Expands Availability of Other Health and Wellness Program Tools and Offerings to Help More Policyowners Better Understand and Protect their Health. SPRINGFIELD, Mass.& BOSTON—- MassMutual today announced it is the first insurer in the U.S. to offer eligible policyowners free access to Wysa Assure, an AI-powered conversational mental health app…
John D. Begley, 79, of Clarks Summit, died Saturday in the Hospice of the Sacred Heart Inpatient Unit surrounded by his loving family after a long battle with cancer. Born Feb. 8, 1945 in New York City, he was the son of the late James and Margaret Begley. John was active in many professional organizations during his career with New York Life, including serving as past…
Oct. 15— Forbes Magazine compiled a list of best places to work in the U.S. and Georgia was represented fairly well with three Columbus- based employers making the cut. Responses came in from all 50 states and Washington D.C.. The list includes a mix of national corporations, regional companies and Georgia- based organizations across various industries.
Brighthouse Life Insurance Co. filed a lawsuit in federal court on Oct. 10, claiming the Assemis broke their loan agreements and they are asking for a judicial foreclosure and appointment of a receiver. Brighthouse Life Insurance, a former division of MetLife Inc., joins three others who have filed legal action to try and recoup more $770 million in defaulted…
Key person insurance: A vital tool for startups
Key person insurance, or contract frustration insurance, is a crucial risk management strategy for startups that rely heavily on specific individuals for their success.
tm2425932-1_def14a- none- 3.1562668 s TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14 A Proxy Statement Pursuant to Section 14 of the Securities Exchange Act of 1934 Filed by the Registrant☒ Filed by a party other than the Registrant☐ Check the appropriate box:☐ Preliminary Proxy Statement☐ Confidential,…
Will generative AI prove itself a bane or boon to the insurance industry?
Protective Life Corporation, a subsidiary of Dai-ichi Life Holdings, Inc. today announced enhancements to its flagship variable annuity product, Protective Aspirations variable annuity, which is issued by its principal subsidiary Protective Life Insurance Company and debuted in 2022. Protective Aspirations variable annuity is issued by Protective…
The Capgemini Research Institute’ s World Life Insurance Report 2025, published today, reveals that the life insurance industry is struggling to meet today’ s customer experience expectations, with legacy technology being a major barrier to driving meaningful change. However, the report identifies a small group of life insurers globally delivering…
Insurance essentials for each stage of life
Just as our investment strategies change as we get older, so should our approach to insurance.
Democrat Logan Johnson of Menlo filed paperwork in April to challenge Republican Eddie Lumsden for the state House District 12 seat in Floyd and Chattooga counties. The chair of the House Insurance Committee's biggest contribution, $2,500, came from the bipartisan American Council of Life Insurers in Washington, D.C.. Other major donors, at the $1,000 level,…
U.S. SECURITIES AND EXCHANGE COMMISSION. MidCap Financial Investment Corporation, Apollo Debt Solutions BDC, Apollo Diversified Credit Fund, Apollo S3 Private Markets Fund, Middle Market Apollo Institutional Private Lending, Apollo Investment Management, L.P., Apollo Credit Management, LLC, Apollo Capital Credit Adviser, LLC, Apollo S3 RIC Management, L.P., AA…
Nuveen Municipal Credit Opportunities Fund Table of Contents As filed with the U.S. Securities and Exchange Commission on October 11, 2024. Nuveen California AMT-Free Quality Municipal Income Fund. 333 West Wacker Drive Chicago, Illinois 60606.
The Compulsory Third Party Insurance market is a critical segment of the global insurance industry, designed to provide essential coverage for individuals involved in motor vehicle accidents. As of 2022, the CTP insurance market was valued at approximately USD 762.62 billion and is expected to grow from USD 778.78 billion in 2023 to USD 940.4 billion by…
