Monthly Archive: October 2020

MassMutual Lays Off 150+, Others Get Offer To Join Empower

MassLive.com A majority of MassMutual employees impacted by selling of retirement plan business to Colorado-based Empower Retirement will receive new offers to join the Colorado company. “MassMutual recently reached a definitive agreement to sell...

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CLHIA calls on Ontario to relieve industry burden

The Canadian Life and Health Insurance Association (CLHIA) is urging the Ontario government to avoid putting unnecessary tax and regulatory pressure on the life and health insurance industry as it continues to provide an...

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Manulife opens insurance window for Canadians

Canadian travellers such as snowbirds who may hesitate to fly due to coronavirus concerns may now get a measure of security from Canada’s largest insurance provider. Manulife Financial is offering a COVID-19-related travel insurance...

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Manulife opens travel insurance window for Canadians

Canadian travellers such as snowbirds who may hesitate to fly due to coronavirus concerns may now get a measure of security from Canada’s largest insurance provider. Manulife Financial is offering a COVID-19-related travel insurance...

N.C. Insurance Magnate Greg Lindberg Begins Jail Term

Associated Press RALEIGH, N.C. (AP) — A North Carolina insurance magnate and prolific political donor has started serving a federal prison sentence for corruption-related convictions. Greg E. Lindberg was in custody on Tuesday at...

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Telematics Usage Growing in Insurance, Service Providers Maturing

Although overall adoption is still modest, telematics-based offerings are increasingly seen as enhancing customer-engagement: Novarica Boston, MA (Oct. 20, 2020) – Telematics-based products and services are becoming an important segment of the personal and...

M&A Should Resume In 2021 As Insurers ‘Reinvent’: Deloitte

Like many aspects of the insurance industry, mergers-and-acquisitions activity is not at all where analysts expected coming into 2020 — thank COVID-19 for that. But M&A will continue robustly, analysts predict. In fact, it...