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North Carolina Rate Bureau Calls for 68% Dwelling Policy Rate Hike Over 2 Years

Article 0 Comments The North Carolina Rate Bureau is asking for 28.5% and 31% average rate increases for dwelling policies over the next two years, numbers that will likely be reduced after negotiations with the state insurance commissioner. The Rate Bureau, representing insurance carriers in the state, has recommended hefty rate increases over the last few years in dwelling, homeowners, mobile home and auto policies. But after review by the Department of Insurance, the final increases were significantly reduced. Commissioner Mike Causey said in a bulletin that the last time the Bureau made a dwelling policy rate filing was in 2023. The organization called for a 51% increase, but later settled on an 8% increase, Causey said. In late 2024, the Rate Bureau urged a 42% average rate hike for homeowners’ policies, but that was negotiated down to 15%. Dwelling policies cover rental properties and other non-owner-occupied properties of no more than four units. Public comments on the proposed latest increase can be emailed to 2025DwellingandFire@ncdoi.gov. Written comments can be mailed to Kimberly W. Pearce, 1201 Mail Service Center, Raleigh, NC 27699-1201. Related: Time to Change North Carolina’s Antiquated Rate Bureau System? Topics Pricing Trends North Carolina Was this article...

Manulife Becomes First Canadian Insurer to Offer the Galleri® Multi-Cancer Early Detection Test by GRAIL 0

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Manulife Becomes First Canadian Insurer to Offer the Galleri® Multi-Cancer Early Detection Test by GRAIL

Manulife helping Canadians take proactive steps for their health through access to innovative technology Toronto, ON (Nov. 3, 2025) – Manulife Canada is pleased to announce it is the first insurance company in Canada to offer access to GRAIL’s Galleri® multi-cancer early detection test, to eligible life insurance customers, through its innovative Manulife Vitality program. Manulife has partnered with Medcan, a global leader in proactive health and wellness services and the official Canadian provider of GRAIL’s Galleri test. Through this collaboration, eligible Manulife customers will be able to access the test at Medcan’s Toronto and Oakville clinics with support from Medcan’s clinical team throughout the testing process – including pre-test counselling, results review, and next-step coordination. This milestone advances Manulife’s commitment to helping Canadians live longer, healthier, better lives by expanding access to emerging medical technologies. It also builds on the company’s broader collaboration with GRAIL and continues to support the availability of innovative early cancer detection technologies. “Manulife is proud to be at the forefront of innovation in Canadian insurance. By offering the Galleri test to eligible customers, we’re expanding access to cutting-edge health solutions that can potentially improve outcomes through early detection,” said Naveed Irshad, President and CEO, Manulife Canada....

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10 Best Dividend Aristocrats to Buy Now: Morningstar

/ ThinkAdvisor provides financial advisors, registered investment advisors and wealth managers with comprehensive coverage of the products, services and information they need to guide their clients in making critical wealth, health and life decisions.

Empire Life Launches Group Retirement Savings 0

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Empire Life Launches Group Retirement Savings

Innovative digital platform designed specifically for small and medium-sized businesses Kingston, ON (Oct. 21, 2025) – The Empire Life Insurance Company is pleased to announce the national launch of its Group Retirement Savings (GRS) platform. Deployed over the past year to selected customers, GRS is now available across Canada. All-digital platform and outstanding service deliver ease and simplicity The Empire Life GRS platform was designed to meet the unique needs of small and medium-sized businesses: Advanced technology and a modern digital customer experience enable advisors to enrol plan sponsors in minutes, with real-time plan creation. This means a company’s GRS plan is instantly active and ready to use. The same speedy set up applies to employee enrolment. Flexible plan design means employers can customize their plans to meet their needs and the needs of their employees. No minimum contribution is required; however, many employers match employee contributions. Intuitively designed portals for advisors, employers and plan members save time by simplifying choices and administration tasks. Single sign-on gives advisors, employers and employees easy access to group health benefits and group retirement savings if they have both with Empire Life. Streamlined investment options make it easy for employees with different investor profiles...

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NAIC Announces Johnston Interim CEO as Anderson Departs

Article 0 Comments The National Association of Insurance Commissioners (NAIC) said late last week that its chief executive officer, Gary Anderson, stepped down to “pursue other endeavors.” Anderson left the NAIC on Oct. 29. NAIC Chief Regulatory Affairs Officer Jeff Johnston will serve as interim CEO effective immediately. Jeff Johnston Johnston has about 25 years of experience at Kansas City-based NAIC over two stints with the organization. His latest began in early 2012, when he returned as senior director, financial regulatory affairs after about four years away from NAIC. Anderson, former Massachusetts insurance commissioner, was named NAIC’s CEO in March 2024 and started the role when he completed his service as commissioner. He held the position from October 2017 to April 2024. NAIC did not announce plans to appoint a permanent CEO. Was this article valuable? Thank you! Please tell us what we can do to improve this article. Submit No Thanks Thank you! % of people found this article valuable. Please tell us what you liked about it. Submit No Thanks Here are more articles you may enjoy. The most important insurance news,in your inbox every business day. Get the insurance industry’s trusted newsletter

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Melissa Jamaica Damage Seen Costing Insurers Up to $3 Billion

Article 0 Comments The wreckage caused by Hurricane Melissa in Jamaica is expected to cost insurers $1 billion to $3 billion, according to property intelligence company Cotality. The insured losses are a fraction of the total property damage, which Cotality estimates at $2 billion to $5 billion, though much uncertainty remains amid limited observations of the devastation. Other estimates of the total economic losses fall around $8 billion, or roughly 35% of the island’s gross domestic product. Melissa made landfall Tuesday as a Category 5 hurricane near New Hope, Jamaica, with winds of 185 miles (298 kilometers) per hour, becoming the strongest storm on record to hit the island. It later headed toward Haiti, Cuba and Bermuda, leaving about 50 people dead across the Caribbean, according to Agence France-Presse. Although Cotality estimates that 25% of Jamaica’s population lived in Parishes that faced hurricane-force winds, the population around the capital of Kingston avoided a direct hit. Still, the storm severely damaged at least 40% of the buildings and roads in the Montego Bay tourist center and much of the western part of the country, according to a Bloomberg analysis of satellite data processed by the Earth Observatory of Singapore. Related: Copyright...

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PHLY Makes Largest Acquisition in Its History With Collector Car Business Expansion

Article 0 Comments Philadelphia Insurance Companies announced the acquisition of the Collector Vehicle Division from Ignyte Insurance, a Carlyle backed portfolio company. The transaction, valued at $615 million, is the largest acquisition in the 63-year history of Philadelphia Insurance Companies. The deal includes all collector vehicle insurance business and employees from: American Collectors Insurance, J.C. Taylor Insurance, Condon Skelly and Heacock Classic. These four brands insure a broad range of specialty vehicles from antiques and hot rods to exotics, motorcycles, and classic trucks, according to Philadelphia. Together, they serve hundreds of thousands of policyholders nationwide and bring more than 250 employees with significant expertise in this niche specialty segment to the company. This acquisition further strengthens PHLY’s position as a key player in the collector and specialty vehicle insurance industry, the company said. “We have tremendous respect for what these collector vehicle brands have built and the trust they’ve earned amongst collectors,” said John Glomb, president and CEO of Philadelphia Insurance Companies. “As part of PHLY, they will continue that legacy with the full strength of a leading carrier behind them, combining authenticity and expertise with innovation, superior claims support, and sustainable capacity for the long term.” “This is an...

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Steward Partners Execs Reflect on 12 Years of Growth

/ ThinkAdvisor provides financial advisors, registered investment advisors and wealth managers with comprehensive coverage of the products, services and information they need to guide their clients in making critical wealth, health and life decisions.

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Women Embrace Frugality, Prioritize Savings: Fidelity

/ ThinkAdvisor provides financial advisors, registered investment advisors and wealth managers with comprehensive coverage of the products, services and information they need to guide their clients in making critical wealth, health and life decisions.

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AM Best Keeps Credit Ratings of NASW Insurance Co. Under Review

Article 0 Comments AM Best has maintained the under review with negative implications status for the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of NASW Insurance Co. (NASWIC) headquartered in Washington, D.C. AM Best said the credit ratings reflect NASWIC’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management. The status is under review with negative implications, according to AM Best, based on the “uncertainty regarding NASWIC’s prospective business plans to operate on a stand-alone basis” due to its separation from Preferra Insurance Company Risk Retention Group in 2024. Prior to 2024, NASWIC provided reinsurance for Preferra RRG. Also, NASWIC’s parent, NASW Assurance Services Inc. (ASI), a subsidiary of the National Association of Social Workers (NASW), provided administrative and marketing services to Preferra. However, the two entities became involved in litigation. In August the parties announced they had settled their lawsuits and agreed to go their separate ways. No terms were disclosed. The extension of the under review with negative implications status reflects the additional time needed for NASWIC’s management to form a new risk retention...