Broken Trust – Insurance Industry Included
By Stephen Applebaum and Alan Demers — It is a well-known adage that ‘trust takes years to build, seconds to break, and forever to repair.’ The extensive and growing loss of trust in our...
Tagged: News
When EVs Take Off: AM Best Reviews Impact on China Motor Insurance
Article 0 Comments Premiums for policies covering new energy vehicles in China have soared to $13.8 billion—a six-fold jump from the level recorded five years earlier, AM Best said in a special report. According...
Early IRA and 401(k) Withdrawals: What to Know
Traditional exceptions to the early withdrawal penalty include (1) disability, (2) reaching age 59.5, (3) to cover certain unreimbursed medical expenses, (4) separation from service after reaching age 55 (for employer-sponsored plans), (5) distributions...
South Korea Reviews Airport Runway Walls After Fatal Jeju Crash
Article 0 Comments South Korea plans to review the concrete walls positioned just beyond the end of some airport runways after an aircraft attempting an emergency landing smashed into one just over a week...
Americans Head Into 2025 With Financial Confidence: Survey
Related to their concerns about inflation, 38% expected their living expenses to be higher in the first half of 2025 than they were in late 2024. Sixty-seven percent of respondents reported having some form...
Finland’s Elisa Says Baltic Undersea Cables Were Torn Apart by External Force
Article 0 Comments Two undersea telecommunications cables that were damaged in the Baltic Sea on Dec. 25 appeared to have been torn apart by a strong external force, Finland’s Elisa said on Monday, adding...
Citi Wealth Taps J.P. Morgan Wealth Exec for Investment Advisory Role
Turansky, who most recently served as managing director and head of advisory programs at J.P. Morgan Wealth Management, will be responsible for defining and implementing the strategy for expanding fiduciary investment programs and platforms...
8 Funds That Are Cutting Expense Ratios: Morningstar
In a recent blog post, Russel Kinnel, Morningstar’s director of ratings and manager research, identified eight good funds that have made themselves more attractive by reducing their expense ratios. Three funds are from Fidelity,...
Roamly Expands Reinsurance Partnerships, Reinforcing Leadership in Innovative Digital Insurance Solutions
Austin, TX (Jan. 6, 2025) – Roamly, the global leader in digital insurance technology and solutions proudly announces the expansion of its reinsurance partnerships to include SiriusPoint, Spinnaker, Apollo, ICW, Vantage and Ladder Re. This...
Arthur J. Gallagher & Co. Acquires Encore Group
Rolling Meadows, IL (Jan. 6, 2024) – Arthur J. Gallagher & Co. has announced the acquisition of Waterloo, Ontario-based Encore Insurance Services Inc., d/b/a Encore Group. Terms of the transaction were not disclosed. Encore...