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The insurance market in Vietnam has seen significant growth, with insurance companies reinvesting approximately VNĐ762.6 trillion in the economy by the end of 2023. – VNA/VNS Photo HÉ NỘI – The Ministry of Finance has announced its plan to inspect the sale of insurance […]
Aging well: how trust and engagement can unlock growth for insurers Individuals aged 50+ will represent 33% of the world's population by 2050, and this demographic shift provides life insurers with a significant opportunity for business growth. The findings of the World Life Insurance Report 2023, which reflect the views of more than 200 insurance […]
The Chicago-based Top 10 global insurance brokerage and financial services group has acquired two independent insurance agencies, one in Grand Rapids and one in Midland. Chicago-based Hub International Ltd. said Thursday, March 7, that it has acquired Compass Insurance Agency, a personal and commercial insurance brokerage in Grand Rapids, from its founder and CEO Jack […]
State regulators across the country on Friday asked hundreds of insurance companies to provide details on how they price and structure their homeowners policies, part of an effort to address why many property owners struggle to get and maintain coverage. Why are you doing it? The National Association of Insurance Commissioners, the group that represents […]
A consulting firm recommended to lawmakers Thursday that Arkansas start its own insurance company to deal with rising property insurance premiums for public schools and institutions of higher education. Meaders, Adams & Lee Insurance Inc. presented by its recommendations For Arkansas Legislative Council executive subcommittee after a months long study Of the issue. Arkansas legislators […]
Following numerous requests for insurance industry compensation information, our team at Capstone began tracking and analyzing compensation data obtained from our recruiting activities. Our most recent report came out in February 2024 with a seven-year look at compensation trends (2017-2023). Our goal is to highlight trends and provide clarity for insurance agencies as they evaluate […]
In various countries, it is a traditional proclamation made after the coronation of a new king that simultaneously announces the death of the previous king and asserts continuity by saluting the new king. “The king is dead; long live the king!” This seemingly contradictory phrase may also apply to the independent insurance agency. The demise […]
Superintendent of Financial Services Adrienne A. Harris today announced that National Union Fire Insurance Company (NUFIC) of Pittsburgh will pay a $5.6 million penalty and more than $8.3 million in restitution to policyholders pursuant to a consent order entered into with the New York Department of State. Financial Services (DFS). The consent order addresses NUFIC's […]
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