Insurance Articles

Life insurance is a financial product designed to provide financial protection and support to your loved ones in the event of your death. Beneficiaries are the individuals or entities designated to receive the proceeds from a life insurance policy upon the policyholder’s death. Here are some basics about life insurance and what beneficiaries need to

While the primary concerns of these strikes revolve around topics like artificial intelligence, residual payments, and job protections, health insurance, a contentious issue in labor negotiations, has quietly taken center stage. While the A-list stars make headlines by participating in picket lines under the California sun, it’s the individuals who have not basked in the

The insurance industry, once predominantly male-dominated, is undergoing a rapid transformation. Women are now assuming increasingly influential roles across various sectors, ranging from leadership positions to specialized functions. Vinita Jajware-Beatty, the President of the Toronto Insurance Women’s Association, recently discussed this evolution during an interview with IBTV. Jajware-Beatty highlighted statistics from five years ago that

Waymo is leveraging insurance data to strengthen its safety argument for self-driving cars. The Alphabet-owned company asserts that its autonomous vehicles result in fewer personal injury and property damage claims compared to human drivers. This initiative follows the collaboration announced last year between Waymo and the insurer Swiss Re and aims to demonstrate the lower

In S&P Global Ratings’ recent briefing on the state of the global reinsurance sector in 2023, notable developments were highlighted, indicating that the sector is stabilizing with signs of improvement in underwriting. As part of much-needed structural changes in reinsurance underwriting, S&P has upgraded its outlook on the global reinsurance sector from negative to positive,

The incoming Insurance Commissioner, Tim Temple, is urging the Legislature to convene a special session in January to pass a series of laws aimed at attracting new insurance companies to the state of Louisiana. Temple, a Republican with two decades of experience in the insurance industry, won his post after his sole challenger withdrew from

While efforts to assess damage from Hurricane Idalia continue. Insurance Commissioner Michael Yaworksy has signed off on the proposals submitted by seven private insurers: Homeowners Choice Property & Casualty Insurance Co., Slide Insurance Co., Florida Peninsula Insurance Co., Monarch National Insurance Co., Safepoint Insurance Co., Loggerhead Reciprocal Interinsurance Exchange, and Edison Insurance Co. These proposals

September may not be circled on your calendar, but it’s Life Insurance Awareness Month, making it an opportune moment to grasp the significance of life insurance and the perils associated with its absence. Regrettably, misconceptions about the fundamental aspects of life insurance may be deterring individuals from acquiring the coverage they require. According to Life

Policyholders Granted Face-to-Face Access to Insurance Experts In light of the State of Emergency declaration issued on August 29th, Insurance and Safety Fire Commissioner John F. King has declared the deployment of agency personnel to establish a Hurricane Claims Village, dedicated to aiding the residents of Georgia affected by Hurricane Idalia. The Hurricane Claims Village

The Maui News A two-day event dedicated to providing Insurance and Banking Assistance Center services will be held this weekend for Maui residents impacted by the wildfires that occurred on August 8th. This event is scheduled to run from 10 a.m. to 3 p.m. today and Saturday, and it will take place in the Whalers