|For Kids, Finances Need to Go Beyond Lemonade … to Marshmallows
What happens after your kids have made that $10 in coins and bills? How do they budget? How much should be spent, what should be saved and given to charity?
POSTED NOVEMBER 19, 2019 4:42 PM
|4 Tips for Applying for Life Insurance After a Breast Cancer Diagnosis
As challenging as all of this has been, we are very fortunate that we’ve both had life insurance for many years. While we are optimistic about the long-term outcome, we’re also thankful for the peace of mind this protection gives us.
Every day we talk with people who are seeking coverage after receiving a cancer diagnosis. Unfortunately, most are considered “uninsurable,” at least for a few years.
POSTED OCTOBER 29, 2019 3:32 PM
|Join Life Happens and NAIFA for a Special Chat During #LIAM19
Join Life Happens and NAIFA representatives on Thursday, September 26th from 1:00-2:00pm EDT as we moderate a Twitter Chat focused on findings from the 2019 Insurance Barometer Study. There will be plenty of activity from the media, insurance companies, agents and consumers. We hope this chat helps promote life insurance awareness among the public and allows agents and companies to discuss important industry issues, best practices and solutions for ways to improve.
POSTED SEPTEMBER 09, 2019 7:38 PM
|5 Questions Expecting Moms Have About Life Insurance
Both working and stay-at-home moms need protection because what they do for their families is so valuable. While a stay-at-home mom isn’t compensated for her work, if something were to happen to her, it would be expensive to replace all those things she does—from childcare to home care to ensuring the family gets where they need to go when they have to be there.
The difference between the two is that a working mother also contributes an income, which may be critical to the family financially. That means she needs to think about replacing that income when considering how much life insurance coverage she may need.
POSTED AUGUST 23, 2019 3:46 PM
|3 Ways to Help a Charity With a Gift of Life Insurance
Regardless of your reasons for giving, a gift of life insurance can represent a substantial future gift to a favorite charity at relatively little cost to you. There are several ways you can accomplish that:
1. Make a charity the beneficiary of an existing policy: If you have a life insurance policy you no longer need to support your partner or family, you can name a charity as the beneficiary of the policy, meaning that the charity will receive the policy’s death benefit when you die. While there are no current tax benefits to this approach, the value of the policy will be removed from your estate for federal estate tax purposes.
POSTED JULY 16, 2019 8:59 PM
News – Insurance Journal
|Second Vermont Spa Owner Admits to Burning Business
A second owner of a Vermont spa has pleaded guilty to setting the business on fire a year ago. Kristopher Kirby of East Montpelier, co-owner of the Sundara Day Spa in Berlin, pleaded guilty Monday to a felony count of …
POSTED DECEMBER 05, 2019 2:21 PM
|Fitch Sees Strong Revenue Growth for U.S. Public Insurance Brokers in 2020
Publicly traded U.S. insurance brokers are expected to produce strong revenue growth for 2020 given near peak level organic growth and favorable U.S. commercial lines insurance pricing trends. Further, margins remain consistent with investment-grade ratings and are expected to be …
POSTED DECEMBER 05, 2019 2:10 PM
|Railcar Service Company Faces $551K in Penalties After Worker Death in Pennsylvania
The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has cited Dana Railcare, based in Wilmington, Del., for confined space hazards after an employee fatality in Pittston, Penn. The railcar service provider faces $551,226 in proposed penalties. An …
POSTED DECEMBER 05, 2019 1:25 PM
|Connecticut Teen Injured in 2015 Bus Crash Awarded $23M in Damages
A Connecticut jury has awarded more than $23 million in damages to an autistic teenager who suffered severe head injuries when his school bus crashed into a tree. Gabriel Goncalves, of Wolcott, was a sixth-grader at the time of the …
POSTED DECEMBER 05, 2019 1:01 PM
|Trov, U.K.’s Lloyds Banking Group Partner on Digital Renters Insurance App
Trov has rolled out its digital renters insurance application, an end-to-end product brought to market by a unit of Lloyds Banking Group in the U.K. Trov, an insurance technology company, said the product enables renters to activate their base home …
POSTED DECEMBER 05, 2019 9:58 AM
|Lloyd’s Launches Space Insurance Policy for Emerging Private Space Sector
Lloyd’s has launched a new multi-million-pound space insurance policy for the emerging private spaceflight industry. The product is designed to cater to the distinct needs of a rapidly growing new space sector, which, according to Lloyd’s, could be the driving …
POSTED DECEMBER 05, 2019 9:45 AM
|Arthur J. Gallagher & Co. Acquires Australia’s Blueleaf Consulting
Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of North Sydney, New South Wales, Australia-based Blueleaf Consulting Pty Ltd. Terms of the transaction were not disclosed. Founded in 2006, Blueleaf Consulting is a holistic financial …
POSTED DECEMBER 05, 2019 9:24 AM
|Legacy Specialist Catalina Holdings to Acquire Asia Capital Reinsurance Group
Catalina Holdings (Bermuda) Ltd., the legacy re/insurance specialist, has reached an in principle agreement to acquire Asia Capital Reinsurance Group Pte. Ltd. (ACR), a Singapore-based reinsurance business. The acquisition is expected to close in the first half of 2020, subject …
POSTED DECEMBER 05, 2019 9:15 AM
|Berkshire Hathaway Specialty Taps AIG’s Adams as Head of Surety, Canada
Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded its global surety team with the addition of Andrew Adams as head of Surety in Canada. In this new role, Adams will establish and expand BHSI’s contract and commercial surety relationships …
POSTED DECEMBER 05, 2019 8:57 AM
|J.M. Wilson Promotes Mandwee to Sr. Fleet Underwriter
J.M. Wilson has promoted Adam Mandwee to senior fleet underwriter in its Portage, Michigan, office. Mandwee is responsible for evaluating transportation fleet submissions (11-plus units); quoting new and renewal transportation fleet business, binding and servicing new and existing policies, and …
POSTED DECEMBER 05, 2019 7:53 AM