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Triple-I Report: Lower-Risk Parcels Can Be Found in Wildfire-Prone California Communities
SAN DIEGO--(BUSINESS WIRE)--The Insurance Information Institute (Triple-I) today published a whitepaper addressing wildfire insurance access in underserved areas of California....
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Origin Specialty Underwriters Launches New Specialty Property Program Backed by Emerald Bay
ROLLING MEADOWS, Ill.--(BUSINESS WIRE)--Origin Specialty Underwriters Agency, LLC (“Origin Specialty), a partner company of Beyond Risk, and Emerald Bay Risk Solutions are proud to announce the launch of a new Specialty Property Insurance Program tailored specifically for quick-service restaurants (QSRs). This collaboration brings together Origin Specialty’s deep expertise in hospitality underwriting with Emerald Bay’s strong financial backing and collaborative approach. The new program offers...
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Ambac Reports First Quarter 2025 Results
NEW YORK--(BUSINESS WIRE)--Ambac Reports First Quarter 2025 Results...
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AM Best Affirms Credit Ratings of Halyk-Life, JSC
LONDON--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Halyk-Life, Life Insurance Subsidiary Company of the Halyk Bank of Kazakhstan, JSC (Halyk-Life) (Kazakhstan). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Halyk-Life’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and marginal enter...
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Lincoln Financial Expands Elite Indexed Universal Life Portfolio With New Early Cash Value Product
RADNOR, Pa.--(BUSINESS WIRE)--Today, Lincoln Financial (NYSE: LNC) announced the launch of Lincoln WealthBuilderSM ECV IUL, an accumulation-focused life insurance product designed with early cash value benefits for premium finance1 and business cases. It is the second product available as part of the company’s new Elite Indexed Universal Life (IUL) Portfolio issued by The Lincoln National Life Insurance Company. “The opportunity to benefit from high early cash value is a powerful tool for busin...
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Milliman analysis: Corporate pension funded status rebounds slightly in April thanks to rise in discount rates
SEATTLE--(BUSINESS WIRE)--Milliman, Inc., a premier global consulting and actuarial firm, today released its monthly Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans. A 7-basis-point rise in discount rates during April, up to 5.57%, shaved $10 billion off liabilities and helped to offset monthly returns of -0.12%, which led to corresponding market value declines. The plans’ funded status improved by $3 billion during April, in contrast to the...
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Employees struggle financially making it paycheck to paycheck, while employers fall short in meeting expectations for support
NEWARK, N.J.--(BUSINESS WIRE)--New Prudential Benefits & Beyond study reveals everyday financial stresses as top employee concerns...
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OCA Acquires Employer Driven Insurance Services
MERCERVILLE, N.J.--(BUSINESS WIRE)--OCA acquires EDIS to expand national TPA services, strengthen operations, and enhance technology for brokers, employers, and members....
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$2 Billion Advisory Team Leaves UBS to Become an Independent Advisory Firm: 1280 Financial Partners
FORT MYERS, Fla. & SANDUSKY, Ohio--(BUSINESS WIRE)--1280 Financial Partners is proud to announce its launch as an independent advisory firm. The firm is led by Founders and Managing Partners Thomas Burt CIMA®, CFP®, CPM®, Duane Ohly, CRPS™, John T. McGee II, CPM® and Charles Todd, CIMA®, CFP® – and committed to providing comprehensive wealth management and investment services to help individuals, families and institutions achieve their goals for today and tomorrow. “We are excited to embrace th...
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Travelers Institute Announces Spring and Summer 2025 Wednesdays with Woodward® Webinar Schedule
HARTFORD, Conn.--(BUSINESS WIRE)--The Travelers Institute, the public policy division of The Travelers Companies, Inc. (NYSE: TRV), today announced its Wednesdays with Woodward spring and summer webinar schedule. The virtual series, hosted by Joan Woodward, President of the Travelers Institute and Executive Vice President of Public Policy at Travelers, features thought leaders from the public and private sectors discussing relevant issues at the intersection of insurance, business and public po...