|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
|The Twitterverse Talks Financial Fitness and Life Insurance
It's Life Insurance Awareness Month and what better way to celebrate than gathering Twitter friends and experts to talk about financial fitness and life insurance! We spent an hour today (Tuesday, Sept 12) moderating a very lively and insightful conversation. Here are some great highlights from #LIAM17Chats.
POSTED SEPTEMBER 12, 2017 8:15 PM
|Join Us for a Special Twitter Chat during LIAM
Join Life Happens as we moderate a Twitter Chat focused around all things life insurance during Life Insurance Awareness Month. We anticipate plenty of activity from consumers, the media, insurance companies, agents, and more. We hope the chat helps promote life insurance awareness among consumers, and allows agents and companies to discuss industry issues, best […]
POSTED AUGUST 28, 2017 3:44 PM
|Danica Patrick Talks Fitness—and That Means Being Financially Fit, Too!
When you’re taking care of yourself, whether it’s your health or what you eat or your finances, it’s about self worth. Either you’re worth taking care of in all aspects, or you’re not. So developing more self worth is something everyone—including myself—can do.
POSTED AUGUST 22, 2017 2:38 PM
|Separating Fact From Fiction When It Comes to Long-Term Care Insurance
Few people are prepared to handle the financial burden of long-term health care. In fact, many people have a false sense of security when it comes to long-term care. Let’s separate fact from fiction:
“Medicare and my Medicare supplement policy will cover it.” FACTS: Medicare and “Medigap” insurance was never intended to pay for ongoing, long-term care.
POSTED JULY 24, 2017 5:06 PM
|Maria losses in Caribbean likely to top $1 billion
Insured losses in the Caribbean from Hurricane Maria will likely top $1 billion, and economic losses could be much more severe, according to Impact Forecasting’s “Weekly Cat Report September 22, 2017,” issued by the Aon Benfield unit early Friday.
POSTED SEPTEMBER 22, 2017 1:19 PM
|Texas governor appoints insurance commissioner
Texas Gov. Greg Abbott has appointed Kent Sullivan as Insurance Commissioner for a term set to expire Feb. 1, 2019.
POSTED SEPTEMBER 22, 2017 12:50 PM
|Medical providers suspended from comp system for fraud
The California Division of Workers’ Compensation announced Thursday that it has suspended six medical providers from participating in California’s workers compensation system, bringing the total number of suspended providers this year to 38.
POSTED SEPTEMBER 22, 2017 11:58 AM
|Business Insurance names EMEA Women to Watch honorees
Business Insurance has announced the honorees for its first international version of Women to Watch, recognizing honorees from Europe, the Middle East and Africa.
POSTED SEPTEMBER 22, 2017 11:45 AM
|US, EU to sign covered agreement on insurer equivalency
POSTED SEPTEMBER 22, 2017 10:23 AM
|Hockey-playing state worker fouls New York comp system
An aide for a state youth detention center in New York is facing time in the workers-compensation-fraud penalty box — a.k.a. jail — after he claimed a debilitating injury kept him from doing his job but was caught playing competitive ice hockey, according to the Rome Sentinel.
POSTED SEPTEMBER 22, 2017 9:59 AM
|The BI Top 10
This week's most popular stories include several executive moves at insurers and brokers, along with updates on September's rash of hurricanes and earthquakes.
POSTED SEPTEMBER 22, 2017 9:31 AM
|Hurricane Maria causes widespread flooding, destroys hundreds of home in Puerto Rico
Hurricane Maria, which hit Puerto Rico on Sep. 21, caused widespread flooding, destroyed hundreds of homes, and brought down cell towers and power lines, plunging the island into darkness.
POSTED SEPTEMBER 22, 2017 4:00 AM
|China orders German automotive parts maker's supplier to halt operations
Chinese authorities have ordered the supplier of German automotive parts maker Schaeffler A.G. to halt operations as they ramp up environmental regulations in an effort to tackle the country's pollution problems.
POSTED SEPTEMBER 22, 2017 4:00 AM
|Magnitude-5.7 quake strikes Indonesia
The U.S. Geological Survey said that a magnitude-5.7 earthquake struck off the coast of Indonesia in the Java Sea on Sep. 21 raising concerns about a tsunami possibly striking Bali.
POSTED SEPTEMBER 22, 2017 4:00 AM
|5 South Florida lawyers arrested in alleged insurance fraud scheme
Detectives arrested five South Florida personal injury attorneys accused of participating in an insurance fraud with lucrative kickbacks.
POSTED SEPTEMBER 22, 2017 6:30 AM
|Is it possible to fix the healthcare system?
Congress needs to understand the basic tenets of insurance before it can take action.
POSTED SEPTEMBER 22, 2017 6:00 AM
|5 warning signs of an embezzler
It might be hard to catch an embezzler because some of the characteristics of him or her may be counterintuitive.
POSTED SEPTEMBER 22, 2017
|Hurricane Maria's destruction in pictures
The deadly hurricane continues its path of destruction through the Caribbean.
POSTED SEPTEMBER 21, 2017 6:15 PM
|More hurricane aid pledged as lawmakers tour Houston-area damage
Congress will need to provide 'substantially more' money for hurricane recovery than the initial $15.25 billion passed earlier this month, Texas Senator Ted Cruz said.
POSTED SEPTEMBER 21, 2017 2:20 PM
|Enter NU’s Excellence in Cyber Security Risk Management Award today!
Nominate your cybersecurity program for NU's Excellence in Cyber Security Risk Management Award before time runs out.
POSTED SEPTEMBER 21, 2017 1:45 PM
|SEC says hack may have led to illegal trading profits
The vulnerability of governments and businesses to cyberattacks was exposed again Wednesday when a top U.S. financial regulator said hackers had breached its electronic database of market-moving corporate announcements.
POSTED SEPTEMBER 21, 2017 12:16 PM
|Boston could use the help of a zombie hurricane to avoid Maria
Hurricane Maria continued its thunderous roll northward as forecasters struggled to pin down a trajectory. Whether the storm makes landfall again could be determined by a zombie.
POSTED SEPTEMBER 21, 2017 11:46 AM
|Home, renters' insurance satisfaction to be tested as losses rise, J.D. Power reports
New J.D. Power U.S. Home Insurance Study reports on customers satisfaction with homeowners' and renters' insurance. Who ranks highest?
POSTED SEPTEMBER 21, 2017 11:11 AM
|Mobile homes — A unique insurance exposure
Many mobile homes were destroyed by the recent hurricanes, and they have specific coverage issues. Here are some things that agents and brokers need to know.
POSTED SEPTEMBER 21, 2017 6:30 AM
Financial - The Hartford
|The Hartford Appoints Sabra Purtill As Treasurer
HARTFORD, Conn. The Hartford has appointed Sabra Purtill to the position of treasurer effective Sept. 16. This is an expanded role for Purtill, who will oversee the corporate treasury group, including the company’s relationship with banks and rating ...
POSTED SEPTEMBER 21, 2017 1:00 PM
|The Hartford’s Beth Bombara To Speak At The Barclays Global Financial Services Conference On Sept. 12
HARTFORD, Conn., Sept. 5, 2017 – The Hartford’s Chief Financial Officer Beth Bombara will participate in a fireside chat at the Barclays Global Financial Services Conference at approximately 10:30 a.m. EDT on Tuesday, Sept. 12.
A webcast of the event...
POSTED SEPTEMBER 05, 2017 1:00 PM
|The Hartford’s Beth Bombara To Speak At The KBW Insurance Conference On Sept. 7
HARTFORD, Conn., Aug. 31, 2017 – The Hartford’s Chief Financial Officer Beth Bombara will participate in a fireside chat at the KBW Insurance Conference at approximately 10:15 a.m. EDT on Thursday, Sept. 7.
A webcast of the event will be available,...
POSTED AUGUST 31, 2017 1:00 PM
|The Hartford Reports Second Quarter 2017 Net Loss Per Diluted Share Of $0.11 And Core Earnings Per Diluted Share* Of $1.04
Net loss of $40 million, including a previously-announced $488 million, after tax, pension settlement charge, compared with net income of $216 million in second quarter 2016; net loss per diluted share of $0.11 compared with net income per diluted...
POSTED JULY 27, 2017 8:20 PM
|The Hartford Declares Quarterly Dividend Of $0.23 Per Share Of Common Stock
HARTFORD, Conn.--The Hartford’s board of directors today declared a quarterly dividend of $0.23 per share of common stock, payable on Oct. 2, 2017, to shareholders of record at the close of business on Sept. 1, 2017.
This dividend will result in an...
POSTED JULY 20, 2017 8:15 PM
|The Hartford To Announce Second Quarter 2017 Financial Results On July 27
HARTFORD, Conn., July 10, 2017 – The Hartford will release its second quarter 2017 financial results on Thursday, July 27, following the close of the market.
The company will host a webcast at 9 a.m. EDT on Friday, July 28, to discuss the results....
POSTED JULY 10, 2017 8:15 PM
|The Hartford Reduces Pension Liabilities By $1.6 Billion
HARTFORD, Conn.--The Hartford has entered into an agreement with Prudential Financial, Inc. (NYSE: PRU) for the company’s pension plan to purchase a group annuity contract and transfer $1.6 billion, or 29 percent of The Hartford’s $5.6 billion in U.S....
POSTED JUNE 26, 2017 11:19 AM
|The Hartford Names Robert Paiano Executive Vice President And Chief Risk Officer
HARTFORD, Conn.--The Hartford has named Robert Paiano chief risk officer to lead the company’s Enterprise Risk Management operations, effective July 1. Paiano succeeds current Chief Risk Officer Robert Rupp, who is retiring. Paiano will report to The...
POSTED JUNE 12, 2017 8:15 PM
|The Hartford Declares Quarterly Dividend Of $0.23 Per Share Of Common Stock
HARTFORD, Conn.--The Hartford’s board of directors today declared a quarterly dividend of $0.23 per share of common stock, payable on July 3, 2017, to shareholders of record at the close of business on June 1, 2017.
POSTED MAY 18, 2017 8:15 PM
|The Hartford To Host Annual Meeting Of Shareholders On May 17
HARTFORD, Conn., May 3, 2017 – The Hartford will host its annual meeting of shareholders at 12:30 p.m. EDT, Wednesday, May 17, at its headquarters in Hartford, Conn. A live audio-cast of the meeting will be available at http://ir.thehartford.com, with a...
POSTED MAY 03, 2017 1:00 PM
News – Insurance Journal
|How Home Values Track with High, Low Risk of Natural Hazards: ATTOM Data
Americans are still buying homes in areas with high risk of natural hazards and the homes in those cities continue to appreciate in value far faster than homes in low natural hazard locales. However, the effect on home values of …
POSTED SEPTEMBER 22, 2017 4:48 PM
|Ratings of Illinois’ Prime Insurance Company Upgraded
A.M. Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” from “a-” of Prime Insurance Company (PIC) in Chicago, Ill. The outlook of these ratings has been revised …
POSTED SEPTEMBER 22, 2017 4:39 PM
|Ohio Increases Fines Against Pipeline Developer to $2.3M
Ohio’s environmental regulators have more than doubled the proposed fines against a company building a natural gas pipeline from West Virginia to Michigan, saying the two sides are at an impasse. The fines now stand at $2.3 million and stem …
POSTED SEPTEMBER 22, 2017 4:36 PM
|Jump in Energy Contract Lawsuits Expected in Harvey’s Wake
Lawyers expect a spate of force majeure contract lawsuits after Hurricane Harvey tore through Southeast Texas and parts of Louisiana last month, paralyzing a fifth of U.S. fuel output and pushing some oil production offline. Hurricanes and other natural disasters …
POSTED SEPTEMBER 22, 2017 4:19 PM
|U.S. and EU Sign Covered Agreement on Insurance Regulation
The United States and European Union have scheduled a ceremony for today for the signing of a bilateral agreement on prudential insurance and reinsurance measures. Both sides announced in July their intention to sign the agreement, also known as a …
POSTED SEPTEMBER 22, 2017 4:13 PM
|Researchers: FEMA’s Houston Flood Maps Outdated Long Before Harvey
The Federal Emergency Management Agency’s flood plain maps for parts of southeastern Houston were woefully out-of-date long before Hurricane Harvey ravaged the Texas coast, a new study suggests. Researchers at Rice University and Texas A&M University at Galveston studied one …
POSTED SEPTEMBER 22, 2017 4:06 PM
|Minnesota Gov. Cranks Up Pressure on Feds to Protect Health Programs
Minnesota Gov. Mark Dayton blasted federal health officials on Sept. 20 for holding up approval of a program meant to lower health insurance costs and threatening millions of dollars in cuts to health care for the working poor. State lawmakers …
POSTED SEPTEMBER 22, 2017 4:04 PM
|Sullivan Appointed as Texas Insurance Commissioner
Texas has a new insurance commissioner. Texas Gov. Greg Abbott has named Kent Sullivan to serve as insurance commissioner and head of the Texas Department of Insurance. His term expires Feb. 1, 2019. The post has been vacant following the …
POSTED SEPTEMBER 22, 2017 3:45 PM
|SEC Hacking Latest in Series of Government Agency Cyber Breaches
A major computer hack at America’s top stock market regulator is the latest sign that data stored in the highest reaches of the U.S. government remains vulnerable to cyber attacks, despite efforts across multiple presidencies to limit high-profile breaches that …
POSTED SEPTEMBER 22, 2017 3:41 PM
|New Bridge Design Tested by Nevada Quake Lab Following Mexico Quake
Scientists at a Nevada earthquake lab this week tested new bridge designs with connectors they say are innovative and created to better withstand violent temblors and speed reconstruction efforts after major quake damage. University of Nevada, Reno engineers performed the …
POSTED SEPTEMBER 22, 2017 3:10 PM