Insurable Interest Canadian Insurance Blog

Feb. 11–A former elementary school principal charged with murder in her husband’s shooting is due in court Friday for a hearing to determine if attorneys are prepared to proceed to trial later this month. Leslie Chance, 52, faces a life term in prison if convicted of the first-degree murder charge filed against her. Chance was first arrested days after the body of Todd Chance, 45, was found the morning of Aug. 25, 2013, in a field off a dirt section of Noriega Road near Enos Lane. She was released days later when prosecutors requested further investigation on the part of sheriff’s investigators. Detectives rearrested her in December 2016, and she’s been held without bail ever since. Prosecutors say Chance and her husband arrived in the field in Todd Chance’s Ford Mustang, and she shot him. She then abandoned the car in a southwest Bakersfield neighborhood before getting home by using a taxi and walking, court documents allege. She denied leaving her house the morning of her husband’s death, documents said, but surveillance cameras captured her at multiple locations as she made her way home. Chance stood to receive $250,000 from her husband’s life insurance policies, the documents said. It’s alleged...

RADNOR, PA, February 11, 2019 – In response to increasing consumer preference for holistic financial solutions that meet multiple planning needs, and demand for ease and speed of business, today Lincoln Financial Group introduced several new life insurance products that deliver greater value and flexibility, as well as digital underwriting enhancements that simplify and expedite the buying process. The new products and services reflect Lincoln’s commitment to advancing the traditional life insurance business model, an important step to meet the evolving expectations of clients and advisors, as recognized in a recent report from Ernst and Young, ‘What Should Insurers Do Today to Prepare for Tomorrow.’ Among the strategies to ‘futurize’ the business model, the report cites the need for products that address all aspects of financial wellness, including protection, retirement and health, and digitized and enhanced customer touchpoints.   New and Enhanced Products Lincoln WealthAccumulate® Indexed Universal Life (IUL) 2019 – For clients needing life insurance that offers death benefit protection and the flexibility to meet a wide range of financial needs, such as supplemental retirement income or business protection, Lincoln has launched the next generation of its WealthAccumulate IUL policy. WealthAccumulate IUL offers significant cash value growth opportunities linked...

For as long as I can recall, insurance products and services have been developed and supported by internal insurance company resources. With the exception of large commercial insurance buyers, clients don’t have the interest or the time to go beyond fiddling with premiums and coverages. This might be changing. In widespread events, insureds might find… Read more » The post Going With Millennials and Beyond Underwriters appeared first on Insurance-Canada.ca.

Great-West Lifeco ended Q4 2018 with net earnings of $710 million. This is equal to growth of 81% compared with the same quarter in 2017, when net earnings were $392 million.

Great-West Lifeco Inc. has announced the appointment of Edmund F. Murphy III as President and Chief Executive Officer of its U.S. subsidiary, Great-West Life & Annuity Insurance Company.

LexisNexis Risk Solutions provides five recommendations on how to turn gaps into opportunities to gain the competitive advantage Atlanta, GA (Feb. 4, 2019) – LexisNexis Risk Solutions, a technology, data and analytics company, has released the findings of a new commercial insurance study, which reveals the challenges small commercial insurance carriers face and how to… Read more » The post New Commercial Insurance Study Reveals the Challenges and Opportunities Small Commercial Carriers Face appeared first on Insurance-Canada.ca.

Aon Global Catastrophe Report Toronto, ON (Feb. 7, 2019) – Aon plc, a leading global professional services firm providing a broad range of risk, retirement and health solutions, today launches its Global Catastrophe Recap – January 2019. This evaluates the impact of global natural disaster events to identify trends, manage volatility and enhance resilience. The… Read more » The post Combined cost of winter storms and extreme cold lead to billion-dollar damage in the U.S. appeared first on Insurance-Canada.ca.

More than 80% of life and annuity carriers report that fraud has increased over the last two years, according to the latest Aite Group report Boston, MA (Feb. 7, 2019) – Life and annuity carriers struggle to mitigate fraud, with the primary issue being detection. Analytics tools, including the use of artificial intelligence and machine… Read more » The post Fraud in Life Insurance: Technology Is the Shield appeared first on Insurance-Canada.ca.