U-Haul Holding Company, parent of U-Haul International, Inc., North America’ s largest“ do-it-yourself” moving and self-storage company will participate in the 10 th Annual Evercore ISI Storage Symposium in New York City on Tuesday, October 1, 2024. U-Haul Holding Company is the parent company of U-Haul International, Inc., Oxford Life Insurance Company,…
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Jackson was recognized for its outstanding associate volunteerism in 2023, where 48% of associates participated in volunteer opportunities throughout the year. Jackson has long valued a culture of philanthropy and in 2023, Jackson established a first ever, firm-wide goal to achieve 30% of its approximately 3,840 associates participating in volunteer…
Zinnia, a leading life& annuity insurance technology services company, and LPL Financial announced today a strategic relationship providing LPL’ s network of more than 23,000 financial advisors a simplified way to find, recommend, fulfill, and service life insurance for their clients. *As reported by Financial Planning magazine, 1996-2023, based on total…
As open enrollment season for employees across the U.S. begins, a new survey from New York Life’s Group Benefit Solutions highlights the crucial role of supplemental health insurance in employees’ financial well-being and overall peace of mind. "Our survey has identified a strong link between supplemental health benefits and employees’ sense of financial…
AM Best will lead a session focused on strong trends in the annuity market at the American Council of Life Insurers Annual Conference, which takes place, Sept. 25-27, 2024, in Chicago. Ken Frino, managing director, and Michael Porcelli, senior director, both of AM Best, will deliver the presentation, titled,“ Annuity Market Soars- New Entrants Bring Capacity and…
Following recent market volatility, the majority of Americans want to reduce risk in their financial strategy and bolster their portfolio against future volatility, according to the 2024 Q3 Quarterly Market Perceptions Study* from Allianz Life Insurance Company of North America. Many Americans are addressing the risk of market volatility in their…
The National Association of Insurance and Financial Advisors presented NAIFA’s Defender of Financial Freedom Award to Susan Neely, president and CEO of the American Council of Life Insurers.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aa+” of Massachusetts Mutual Life Insurance Company and its life/health subsidiaries, C.M. Life Insurance Company and MML Bay State Life Insurance Company. Concurrently, AM Best has affirmed the Long-Term Issue Credit Ratings of“ aa-” on the surplus notes of…
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa-” of the key life/health insurance and annuity operating subsidiaries of Wilton Re Ltd., collectively referred to as Wilton Re. AM Best also has affirmed the Long-Term ICRs of“ a-” of WRL. CPP Investments is a financially strong organization that manages…
Greg Lindberg appeals judgment awarding $166M to Dutch insurer
Troubled financier Greg Lindberg is appealing a $166 million award to a Dutch insurer in a dispute over solvency capital ratios.
Overview of the Burial Insurance Market. With the rising costs of funerals, which can range from $7,000 to $12,000 or more in certain areas, burial insurance provides an affordable means for people to relieve their families of the financial burden when they pass away. Premiums for burial insurance are generally lower, but the death benefit is also smaller,…
Gen Z feels ‘overwhelmed’ and ‘anxious’ about insurance
Generation Z is the newest generation to reach adulthood and the thought of dealing with insurance makes them overwhelmed and anxious.
With the increased reserve and capital requirements for longevity risks, and further changes coming in the US, insurers and asset reinsurers can leverage Munich Re's strong balance sheet and deep mortality expertise. "We believe there is significant, untapped demand for longevity reinsurance in the US and Canada markets and we are well positioned to meet it,"…
Best’s Market Segment Report: AM Best Maintains Stable Outlook on China’s Non-Life Insurance Segment
The Best’ s Market Segment Report,“ Market Segment Outlook: China Non-Life Insurance,” notes that the segment’ s solvency ratios under China Risk-Oriented Solvency System stabilised in 2023 and through the first half of 2024, following a decline in 2022. “China’ s rapidly aging population is driving significant demand for insurance, and these products have gained…
Global Atlantic Financial Group, a leading insurance company meeting the retirement and life insurance needs of individuals and institutions, today announced that Chief Operations Officer Emily LeMay and Chief Distribution Officer Jason Bickler have been appointed Co-Heads, Individual Markets, effective immediately. Ms. LeMay and Mr. Bickler will…
With high prices and high interest rates, U.S. households continue to feel the strain and concern of not being prepared for the unexpected.
With September marking Life Insurance Awareness Month, the Pennsylvania Insurance Department today announced that the National Association of Insurance Commissioners' Life Insurance Policy Locator has helped recover and return nearly $72 million in benefits from nearly 3,000 life and annuity insurance policies to Pennsylvanians since January.
U-Haul Holding Company, parent of U-Haul International, Inc., North America’ s largest“ do-it-yourself” moving and self-storage company will participate in the 2024 CL King Best Ideas Conference on Monday, September 16, 2024. U-Haul Holding Company is the parent company of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company…
A passion for advocacy: Matthew Tassey
Matthew Tassey has been an advocate for the insurance industry throughout his extensive career.
HARTFORD– Three transgender women from across the U.S. filed a federal class action civil rights lawsuit against Aetna Life Insurance Company after the women were denied coverage for gender-affirming facial procedures. Announced Tuesday, the complaint said the Hartford- based company refused to pay for these surgeries based on a policy that excludes…
