Commercial insurance rates up 2%, shows market ‘turning slowly’
The composite commercial insurance rate index rose 2% in February, according to MarketScout, which does a monthly analysis of various lines. Richard Kerr, CEO of MarketScout, said the market is “slowly turning” toward a harder market, after several years of a frustratingly soft market. From November 2011 through January, rates have increased 1%, with commercial [...]
Globe Life Insurance for Young Adults
‹ Back to Home I came across a unique life insurance program that is specifically tailored for children and young adults. Its called Globe Life Insurance and it seems to have a lot of great benefits. It begs the question if you really need a life insurance policy for your child, but this will be [...]
Ohio mayor buys earthquake insurance after alleged fracking incidents
A series of earthquakes in Youngstown, Ohio, potentially related to brine-injection wells, caused the citys mayor to buy earthquake insurance for his home and initiate a moratorium on injection wells near the city. There have been 11 earthquakes in Youngstown in the past 10 months, since D&L Energy Inc. began injecting drilling brine, a byproduct [...]
Marsh UK & Ireland boss Martin South exits role
South appointed chief executive of Marsh Europe and will continue as UK & Ireland boss until successor appointed Marsh UK chief executive Martin South will leave his role to become chief executive of Marsh Europe. South will continue as chief executive of Marsh UK & Ireland until a replacement is found. South will continue to [...]
American Family Life Insurance: Jingle Dreams
American Family Life Insurance is sponsoring an exciting and inspirational contest through the Jingle Dreams contest. By sharing a big dream for 2012 on the Jingle Dreams website, you could win a weekend of inspiration and fun in Indianapolis including tickets to the Biggest Game on Earth, the Super Bowl Gospel Celebration and more. Its [...]
Majority of people think insurers intentionally put off paying claims
The majority of adults (59%) in a recent online poll said they thought most insurers intentionally delay the payment of claims. In the unpublished Harris Interactive Poll, conducted in September, exactly 16% of participants said they or someone they know have experienced financial hardship while waiting for an insurance claim to be paid, according to [...]
ICBA Australia and New Zealand now has official licence in Singapore
As of November 27, 2011, ICBA Australia and New Zealand welcomes it’s new branch office in Singapore: NCI Brokers (ASIA) PTE LTD. For two years, NCI has been working towards a licence in Singapore. The approval of this licence is a significant step for ICBA’s growth in the Asia Pacific region. Ten year ICBA veteran, [...]