Surge in Life Insurance Both January and February saw increases in applications for life insurance in the United States. As the American financial scene has been looking good, it seems that consumers are thinking about the future and feeling prepared to start investing in life coverage. The interesting part of this month’s report is that… Continue reading Who Is the Fastest Growing Group in Life Insurance Applications?
Tag: life insurance
Coronavirus and Insurance Policies: What Is Covered?
As the new coronavirus has been spreading across the U.S., many Americans are worried not just about being exposed to the virus and their health. They also want to know how various insurance policies they own—or are thinking about buying—would help them financially. Here are some commonly asked questions: Does travel insurance cover costs associated… Continue reading Coronavirus and Insurance Policies: What Is Covered?
Insurance Magnate Greg Lindberg Found Guilty on Bribery Charges
Insurance mogul Greg Lindberg was found guilty Thursday on bribery charges after jurors found he had attempted to bribe North Carolina’s insurance commissioner by promising $2 million in campaign donations to obtain favorable regulatory treatment. A self-proclaimed billionaire, Mr. Lindberg amassed a business empire in recent years, fueled in part by an unusual stream of… Continue reading Insurance Magnate Greg Lindberg Found Guilty on Bribery Charges
Insurance Tycoon Greg Lindberg’s Bribery Trial Begins
Lawyers for insurance mogul Greg Lindberg this week began their fight in court against federal bribery charges by telling jurors that the executive believed he was staying within elections law as he made political contributions to counter what he perceived as overly tough regulation. A lawyer for Mr. Lindberg, Brandon McCarthy, said in an opening… Continue reading Insurance Tycoon Greg Lindberg’s Bribery Trial Begins
Millions of Dollars in Life Insurance Benefits Go Unclaimed Every Year: NAIC
When it comes to receiving life insurance benefits after a friend or relative has died, most beneficiaries are unprepared, with Millennials and Gen Z among the least ready, according to a new survey by the National Association of Insurance Commissioners (NAIC). Every year, millions of dollars in life insurance benefits go unclaimed because beneficiaries are… Continue reading Millions of Dollars in Life Insurance Benefits Go Unclaimed Every Year: NAIC
Insurify Raises $23M to Expand Marketing Efforts, Coverage Lines
Cambridge-based Insurify, a marketplace that lets users compare and shop for insurance online, raised $23 million in Series A financing. The round was led by MTech Capital and Viola FinTech, with participation from Hearst Ventures and two prominent insurance companies: Nationwide, and MassMutual Ventures. The company also offers products from leading insurance companies including Nationwide,… Continue reading Insurify Raises $23M to Expand Marketing Efforts, Coverage Lines
New York Life in Talks to Buy Cigna Unit for Up to $6 Billion
New York Life Insurance Co. is negotiating with Cigna Corp. to acquire a unit that sells nonmedical insurance products to employers, a deal that could be valued at as much as $6 billion, according to people familiar with the matter. Cigna in recent months has been seeking a buyer for a business that sells life,… Continue reading New York Life in Talks to Buy Cigna Unit for Up to $6 Billion
Global Reinsurers Pressure Life Insurers to Charge Vapers Higher Rates
Global reinsurers are stepping up their warnings to life insurer clients about the potential risks of vaping, putting pressure on underwriters to charge certain vapers higher rates than smokers, or even exclude them altogether. U.S. authorities said last month that there had been 47 deaths this year from a lung illness tied to vaping. The… Continue reading Global Reinsurers Pressure Life Insurers to Charge Vapers Higher Rates
Fabric’s New App Helps Parents with Wills, Life Insurance & Shared Finances
A new app called Fabric aims to make it simpler for parents to plan for their family’s long-term financial well-being. The goal is to offer parents a one-stop-shop that includes the ability to ability for term life insurance from their phone, create a free will in about five minutes, and collaborate with a spouse or… Continue reading Fabric’s New App Helps Parents with Wills, Life Insurance & Shared Finances
Generali Said to Eye Bid for MetLife EU Assets by Year-End
Assicurazioni Generali SpA is preparing to make a formal bid for the European assets of MetLife Inc. following months of talks, people with knowledge of the matter said. The Italian insurer has been finishing due diligence and aims to make an offer for most of MetLife’s business on the continent by the end of the… Continue reading Generali Said to Eye Bid for MetLife EU Assets by Year-End