|Here’s Why Millennials Aren’t Buying Life Insurance (and why they are wrong!)
Only 52% of Millennials have life insurance, but a whole lot more than that have loved ones—spouse, partner, kids, aging parents—that need financial protection if something were to happen to them. Here's what the 2017 Insurance Barometer Study by Life Happens and LIMRA found:
POSTED NOVEMBER 15, 2017 11:00 AM
|Get the Long-Term Care (Tweetable!) Facts
It’s Long-Term Care Insurance Awareness Month. Stop! Before you come to the rash conclusion that “It’s nursing home insurance for old people. I don’t need that!” please just spend two minutes with this video. (And know that 80% of people who need care get it in their home!). Plus we have "tweetable" facts about long-term care and long-term care insurance.
POSTED NOVEMBER 01, 2017 11:00 AM
|3 Ways Life Insurance Can Help Maximize Your Retirement
If you’re one of the millions of Americans who owns a permanent life insurance policy (or are thinking about getting one!) you’ve probably done it primarily to protect your loved ones. But over time, many of your financial obligations may have ended. That’s when your policy can take on a new life—as a powerful tool to make your retirement more secure and enjoyable.
Permanent life insurance can open up options for you in retirement in three unique ways:
POSTED OCTOBER 16, 2017 11:00 AM
|Experts Weigh in on Key to Financial Fitness
We asked some top advisors what their advice is for being financially fit. Here’s what they shared with us. How many of these can you tick off?
It’s about the flow. Watch your cash flow and live within your means—that’s the starting point. Once that’s under control, plan for the future, including what if something happens to you.
POSTED OCTOBER 04, 2017 6:19 PM
|4 Things You Probably Don’t Know About Your Life Insurance at Work
If you have it, it’s most likely not enough. Most employer-provided life insurance coverage is one to three times your salary. So if you make $50,000, having up to $150,000 of life insurance sounds like a lot, right? But if you try to put that money to work in today’s interest rate environment, you’ll soon find out it doesn’t go very far. And if your family needs to spend $50,000 each year, what are they going to do after the third year?
POSTED SEPTEMBER 22, 2017 7:22 PM
|Judge criticizes AutoZone rehearing vote
POSTED NOVEMBER 22, 2017 1:17 PM
|Diverse workforce expected by new recruits, drives performance
Insurance industry companies seeking to attract young professionals to the sector need to create work environments that welcome diversity or risk losing talent to competitors, a panel of experts said.
POSTED NOVEMBER 22, 2017 12:41 PM
|MetLife ‘too big to fail’ briefing schedule revisited
POSTED NOVEMBER 22, 2017 12:36 PM
|Lloyd’s underwriter can write admitted US marine business
POSTED NOVEMBER 22, 2017 12:22 PM
|Ironshore names Kristin McMahon global claims head
POSTED NOVEMBER 22, 2017 12:16 PM
|Allianz Global Corporate & Specialty moves into China, Indonesia
POSTED NOVEMBER 22, 2017 11:41 AM
|California suspends 9 more workers comp medical providers
POSTED NOVEMBER 22, 2017 11:33 AM
|US property/casualty sector sees $20 billion 9-month underwriting loss
POSTED NOVEMBER 22, 2017 11:06 AM
|Oklahoma jury awards fired transgender professor over $1 million
POSTED NOVEMBER 22, 2017 10:59 AM
|Drive Safer Sunday set for November 26
The Sunday after Thanksgiving is traditionally the busiest travel day of the year and one that sees a dramatic rise in the amount of accidents on our roadways.
POSTED NOVEMBER 22, 2017 6:15 AM
|Risk management suggestions for today's healthcare programs
If there is no one to spread the healthcare risk to, the mandate will fail.
POSTED NOVEMBER 22, 2017 5:30 AM
|Uber concealed hack for more than a year that exposed 57 million people’s data
Uber said it was obligated to report the hack of driver’s license information and failed to do so.
POSTED NOVEMBER 21, 2017 7:12 PM
|Las Vegas gun massacre lawsuits go from a trickle to a flood
A slew of new lawsuits have been filed by victims of the Las Vegas attack, which left almost 60 dead and more than 500 wounded.
POSTED NOVEMBER 21, 2017 12:26 PM
|Fatal crashes by private aircraft in U.S. are lowest in 50 years
The fatal-accident rate was less than 1 per 100,000 flight hours, the first time it has reached that level in decades.
POSTED NOVEMBER 21, 2017 12:00 PM
|How some insurers will survive driverless cars
New insurance will have to address previously unseen risks and assets.
POSTED NOVEMBER 21, 2017 8:00 AM
|2017 to be one of the costliest catastrophe loss years ever, Fitch says
A new Fitch Ratings report assesses the insured losses caused by October's historic wildfires in California.
POSTED NOVEMBER 21, 2017 6:30 AM
|Insurance coverage for home destroyed by fire turns on a semicolon
The placement of a semicolon in an insurance policy determines whether the homeowner has coverage after the home is destroyed by fire. Punctuation matters!
POSTED NOVEMBER 21, 2017 6:15 AM
|How to use actionable data to manage workplace injury risk
Risk managers need to understand what actionable data is and how to use it to keep employees safe at work.
POSTED NOVEMBER 21, 2017 6:00 AM
|Identity theft takes the sparkle off of the holiday shopping season says new study
Cyber risks affect shopping patterns, according to Generali Global Assistance.
POSTED NOVEMBER 21, 2017
News – Insurance Journal
|Oklahoma Woman Awarded $1M in Transgender Discrimination Lawsuit
A federal jury has awarded a transgender woman more than $1 million after finding Southeastern Oklahoma State University discriminated against her and wrongfully denied her tenure. The Oklahoman newspaper reports jurors sided with former English professor Rachel Tudor on Monday. …
POSTED NOVEMBER 22, 2017 5:29 PM
|Best Agencies to Work For Midwest: R&R Insurance — Bronze
Investing in Growth and Community, Sharing Success From leadership style, to growth in a sluggish economy, to profit sharing, to career opportunities, to doing the right thing for customers, and more, employees of R&R Insurance Services in Waukesha, Wisconsin, say …
POSTED NOVEMBER 22, 2017 5:24 PM
|Best Agencies to Work For South Central: Garrett Insurance Agency – Bronze
A Century Young and Still Going Strong A family-owned insurance agency doesn’t make it to 100 years and counting without doing a lot of things right, and the fact that Garrett Insurance Agency (GIA) in Kerrville, Texas, celebrates a century …
POSTED NOVEMBER 22, 2017 5:22 PM
|Some Businesses in Dickinson, Texas, Still Recovering from Harvey
Some Dickinson business owners are getting back on their feet — or trying — after flooding from Hurricane Harvey swamped more than 80 shops, restaurants and offices. The Galveston County Daily News reports Keith Lilley, owner of two popular Dickinson …
POSTED NOVEMBER 22, 2017 5:18 PM
|NTSB Cites Broken Rail in 2015 Derailment in South Dakota; BNSF Says Changes Made
The National Transportation Safety Board has determined a broken rail probably caused the derailment of a train carrying ethanol two years ago in South Dakota. The NTSB report says BNSF Railway’s decision to defer track maintenance and operate trains carrying …
POSTED NOVEMBER 22, 2017 5:14 PM
|Wisconsin Corn Milling Plant Fined over $1.8M After Fatal Grain Dust Explosion
The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has proposed $1,837,861 in fines against Didion Milling Inc. in Cambria, Wisconsin, following a May 31, 2017, explosion that killed five workers and injured 12 others, including a 21-year-old …
POSTED NOVEMBER 22, 2017 5:11 PM
|Commercial Insurance Rate Decreases Slowing Globally: Marsh
Average global insurance rates decreased for the 18th consecutive quarter, although the rate of decline slowed in the third quarter (down 1.6 percent) as compared to the prior quarter (down 2.2 percent), according to broker Marsh’s Global Insurance Market Index …
POSTED NOVEMBER 22, 2017 4:10 PM
|Insurance Journal Seeks Industry Charity Stories for 2017
Insurance Journal’s Charity Issue will highlight some of the many charitable tales in insurance. Share your firm’s story on how you support the community. Enter your photos and a brief description of the event here. Deadline for inclusion is December …
POSTED NOVEMBER 22, 2017 3:52 PM
|California Policyholders Have 24 Months to Collect Wildfire Insurance Money
California’s insurance commissioner says homeowners who lost their homes in last month’s wildfires in Northern California have up to 24 months to collect insurance payments. Dave Jones said this week some out-of-state insurance adjusters brought in by companies to help …
POSTED NOVEMBER 22, 2017 3:48 PM
|Another Settlement Reached in Berkeley Balcony Collapse Lawsuit
Another lawsuit settlement has been reached over a 2015 balcony collapse in Berkeley, Calif. that killed six college students and injured seven other people. A lawyer for victims and families of the dead announced this week that a partial settlement …
POSTED NOVEMBER 22, 2017 3:42 PM