Colonial Surety, a direct and digital insurer, today announced the appointment Richard“ Dick” Clarke as Chief Insurance Officer, with immediate effect. He is also a sought-after higher education teacher, who specializes in continuing education classes for insurance agents, as well as an author, having published articles in well-respected insurance…
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Sean Kevelighan, CEO, and Dale Porfilio, chief insurance officer, at the Insurance Information Institute, New York, have issued a public comment on the Department of the Treasury notice entitled "Federal Insurance Office Request for Information on the Insurance Sector and Climate-Related Financial Risks". *Four of the five costliest natural disasters in U.S….
Nicole Dooley, supervising attorney, and Jennifer Mezey, deputy legal director, at the Legal Aid Society of the District of Columbia, have issued a public comment on the Social Security Administration notice entitled "Request for Information: Potential Disability Insurance and Supplemental Security Income Demonstrations". The Legal Aid Society of the…
–The latest edition of the LexisNexis ® Risk Solutions Insurance Demand Meter reports the overall annual U.S. auto insurance shopping growth rate decreased to -3.9% for Q3 2021. "Insurance shopping in Q3 returned to levels that compare to 2019 and years prior rather than following the unusual trends of 2020," said Adam Pichon, vice president of personal lines…
Biden To Keep Powell As Fed Chair, Brainard Gets Vice Chair
President Joe Biden announced Monday that he's nominating Jerome Powell for a second four-year term as Federal Reserve chair, endorsing Powell's stewardship of the economy through a brutal pandemic recession.
Health Insurance costs have remained mostly steady- with just a 0.67% increase in average premiums from 2021, but analysts found significant variations across states, and health insurance plan type:. West Virginia, South Dakota, Wyoming, Vermont and Louisiana residents will pay the highest health insurance premiums in 2022— premiums here are 53.72%, 50.02%,…
–The Penn Mutual Life Insurance Company, a Fortune 1000 company, is pleased to announce that the company has maintained its dividend scale for 2022 and the Board of Trustees has approved a $123 million payout to eligible policyholders in 2022.. "We're proud to continue our track record of financial strength and maintain our dividend scale," says Eileen McDonnell,…
–Vesttoo, a leading global Alternative Reinsurance and Investment platform, today announced its $15 M Series B equity investment from Mouro Capital, which is backed by a large multinational bank, and MS&AD Ventures, the corporate venture capital fund of Japan- based MS&AD Insurance Group Holdings, the fifth largest insurance conglomerate in the world.
–Resilience, an industry leader in cyber insurance and security solutions, announced today that it closed an $80 million Series C funding round, co-led by General Catalyst and Corey Thomas of Rapid7, with participation from Lightspeed Venture Partners, Founders Fund, Charles River Ventures, Shield Capital, and Intact Ventures. The investment comes as…
Dynamic Aon leader will build on Aon's Innovation at Scale strategy to deliver new sources of value to clients. CHICAGO, Nov. 22, 2021/ PRNewswire/– Aon plc, a leading global professional services firm, today announced the appointment of Jillian Slyfield as the firm's Chief Innovation Officer, effective Dec. 1, 2021. Slyfield, who is based in San Francisco, will…
New York Life, America’ s largest 1 and most admired 2 mutual life insurer, today announced that the company has declared a dividend of $1.9 billion to eligible participating policy owners in 2022, the largest in company history. “Throughout the pandemic, New York Life has maintained a position of incredible strength thanks to our focused business strategy,…
Recognizing the uncertainty surrounding what environmental, social, and governance entails, and what actions or disclosures are expected from insurance and reinsurance companies, AM Best has released a new commentary addressing frequently asked questions about ESG considerations for financial strength and application of ESG within the rating…
Independence Point Advisors today announced that it has launched as a women-owned investment bank and advisory firm. IPA was founded by industry veteran Anne Clarke Wolff on the belief that today’ s clients have a diversity of opportunities and challenges that require a diversity of talent to navigate. IPA will also utilize its tenured network of women…
It takes more than just Social Security to cover the 80% of your pre-retirement annual income, which is what financial advisers recommend. The same survey found 23% of employed Coloradans over 50, with incomes under $75,000, said their current employer did not offer a way to save for retirement. According to the Employee Benefit Research Institute's…
–Aflac, a leading provider of supplemental insurance in the U.S., was recognized for driving positive change in communities by the U.S. Chamber of Commerce Foundation's Citizens Awards program. "Aflac's has a history of being there for people when it matters most, which we do by offering high-quality products and services to customers, creating a great place to…
Nov. 22— Almost one in every four non-elderly Tarrant County adults did not have health insurance in 2018, according to the county health department's estimates. And in Texas, only a relatively small number of adults qualify for the public insurance program Medicaid. Americans can shop for insurance through Jan. 15 on healthcare.gov.
–Homeowners of America, a property and casualty insurance provider and subsidiary of Porch Group, Inc., announced the launch of service in Oregon.. “The launch of HOA in Oregon furthers the sustained growth of our competitively priced homeowners’ insurance product at the national level,” said Matt Ehrlichman, Porch founder, chairman, and CEO.“ We are committed to…
If you rely on Supplemental Security Income payments or Social Security Disability Insurance benefits and want to start or return to work, we can help. Ticket to Work is a program that supports career development for SSDI beneficiaries and SSI recipients who want to work and progress toward financial independence. Learn more about the Ticket to Work program…
Accurately Identifying Jurisdiction Using OneClick Code Increased Claims Efficiencies and Accuracies, a Recent Case Study Finds OneClick Code OneClick Code accurately identifies a\ nproperty's jurisdiction and assigns the\ ncorrect roofing building codes and sales\ ntax to the property. DENVER- November 22, 2021-. A hailstorm wreaked havoc on a dense…
