Specialized life insurance plans offered only to the wealthiest Americans are a vehicle for dodging billions in taxes, a Senate report released Wednesday charged.
Author: Annie George
Communications Expert Tapped to Lead INSTANDA’s Content Team
INSTANDA, the global provider of no-code insurance platform technology, today announced Emma Plummer to serve as the organization’s first in-house global content manager.
Man Sues Powerball After Being Told $340M Win Was a ‘Mistake’
A man is suing Powerball and the Washington D.C. Lottery after being denied his $340 million prize, being told that the lottery’s website had made a mistake, despite his winning numbers showing up on the website, according to reports.
Biden Seeks to Bolster Port Cybersecurity with Executive Order
President Joe Biden will sign an executive order designed to implement new cybersecurity requirements for the nation’s port owners and operators amid growing concerns that hackers could roil crucial supply chains.
As Home Insurance Bills Go Up, Owners’ Coverage Is Going Down
Frequent natural disasters and high inflation have led insurers to raise premiums, and forced many customers to pare back their policies.
Insureds Need to Be Aware of Potential Insurance Gaps When Using AI: Munich Re
Global reinsurance giant Munich Re has highlighted how AI exposures within traditional insurance policies possess the ability to become a significant unexpected risk to insurers’ portfolios.
Tech Companies Sign Accord to Combat AI-Generated Election Trickery
Major technology companies signed a pact to voluntarily adopt “reasonable precautions” to prevent artificial intelligence tools from being used to disrupt democratic elections around the world.
Vesttoo Creditors Reach $15.6M Settlement with Chaucer
A committee of Vesttoo Ltd. creditors reached an agreement with Chaucer Group Ltd. for a $15.6 million settlement for 82.5% of the assets in a unit of the insurtech in one of a number of claims against the failed company.
Truist to Focus on Banking with $15.5B Insurance Brokerage Business Sale
Truist Financial agreed to sell the remaining stake in its insurance brokerage business to an investor group on Tuesday, in a deal valued at $15.5 billion, as it looks to strengthen its core banking business to cope with potentially tougher capital rules.
Insurance Giant Swiss Re Posts 580% Jump in Full-Year Profit
Insurance giant Swiss Re on Friday reported a sharp upswing in full-year profit, benefiting from what it described as an attractive market environment after a “batch of bad years.”