MarshBerry Platform is pleased to announce that its merger with First Choice Agents Alliance (FCAA), one of the nation’s leading insurance networks, has been completed. MarshBerry Platform was first introduced in 2019 by MarshBerry, a leading investment banking and consulting firm serving the Insurance Distribution and Wealth Management industries. MarshBerry Platform, which has been led… Continue reading MarshBerry Platform and First Choice Agents Alliance Combine to Create Insurance Industry’s Most Robust Aggregator
Author: Farkas Laura
Growing Number of Employees Enroll in High-Deductible Health Plans
The Employee Benefit Research Institute (EBRI) today released an Issue Brief titled “Recent Trends in Patient Out-of-Pocket Cost Sharing,” which revealed that patients’ share of out-of-pocket costs increased from 17.4% in 2013 to 19% in 2019. This result appears to be driven by an increasing number of workers enrolling in higher-deductible plans. The study looked… Continue reading Growing Number of Employees Enroll in High-Deductible Health Plans
Axa Profit Rises on Asset Management Growth and Premium Prices
Axa SA followed up a record-breaking year with a better-than-expected first-half profit, boosted by asset-management inflows and price increases for insurance products. The Paris-based insurer said in a statement Wednesday that first-half net income increased 3% year on year to 4.1 billion euros ($4.2 billion). In a Bloomberg survey, the average analyst estimate was 3.4… Continue reading Axa Profit Rises on Asset Management Growth and Premium Prices
All Eyes on Impact of Inflation, Rate Hikes, Market Downturn as Berkshire Hathaway Set to Report 2Q Results
Berkshire Hathaway Inc. is about to provide investors with an update on how it’s dealing with spiraling inflation, rate hikes, and a market downturn that has weighed on some of its largest holdings. According to analysts, Warren Buffett’s Berkshire Hathaway is set to report second-quarter results on Saturday, and the sharp sell-off that has plagued… Continue reading All Eyes on Impact of Inflation, Rate Hikes, Market Downturn as Berkshire Hathaway Set to Report 2Q Results
Sandy Hook Family Awarded $4.1 Million in Alex Jones Case
In the first of several trials seeking damages for his repeated public statements suggesting the Sandy Hook school shooting was a hoax, Alex Jones was ordered by a jury to pay $4.1 million to the parents of a 6-year-old boy killed in the shooting. The award made to the parents on Thursday was for actual… Continue reading Sandy Hook Family Awarded $4.1 Million in Alex Jones Case
Swiss Re Launches New Insurance-Linked Investment Advisory Business
Swiss Re announces the formation of its new investment advisory firm, Swiss Re Insurance-Linked Investment Advisors Corporation (SRILIAC), an SEC-registered investment adviser. The firm provides qualified institutional investors with investment management services, with a focus on catastrophe bonds. SRILIAC’s investment strategy focuses on insurance-linked securities, primarily catastrophe bonds, giving investors access to Swiss Re’s expertise… Continue reading Swiss Re Launches New Insurance-Linked Investment Advisory Business
Apple Allegedly Mishandled Sex Misconduct Complaints
According to a Financial Times report published Thursday, more than a dozen women accused Apple of mishandling sexual misconduct claims they filed while working for the iPhone maker. The 15 current and former employees of the Silicon Valley behemoth reported retaliation or a disappointing or counterproductive response from the company. Apple did not respond immediately… Continue reading Apple Allegedly Mishandled Sex Misconduct Complaints
Colorado State, NOAA Forecasters Lower Predictions While Reaffirming Busy Hurricane Season
Colorado State University (CSU) and the National Oceanic and Atmospheric Administration (NOAA) updated their forecasts for the 2022 Atlantic hurricane season on Thursday. Both organizations have reduced the number of named storms forecasted from earlier outlooks, but they both say you should still prepare for an active season. “We’re lowering our forecast numbers slightly,” said… Continue reading Colorado State, NOAA Forecasters Lower Predictions While Reaffirming Busy Hurricane Season
Gallagher Re Reports Global InsurTech Investment Shows Signs of Slight Recovery in 2Q
Gallagher Re’s ‘Geographic Trends and Regional Idiosyncrasies’ takes a look at the EMEA region through an InsurTech lens. In addition to profiling various InsurTech businesses, clients and individuals, this report provides its readership with the most current InsurTech investment data and view on the general market. Key findings: InsurTech is showing signs of a small… Continue reading Gallagher Re Reports Global InsurTech Investment Shows Signs of Slight Recovery in 2Q
GEICO Shuts California Offices and Lays Off Employees
GEICO has reportedly closed all 38 of its agent offices in California, laid off hundreds of employees, and will no longer sell insurance through telephone agents in the state. Californians can still obtain GEICO policies in the state, but only through a computer or a mobile device, posing a challenge for those who are not… Continue reading GEICO Shuts California Offices and Lays Off Employees