Insurance Articles

Insurance Articles

Welcome to our Insurance Articles Section, we update our insurance articles every 5 hours.

Life, non-life insurance incomes grow rapidly- The New Indian Express – Life Insurance Article

By Express News Service HYDERABAD: After subdued growth, life and non-life premium income of insurance companies witnessed double-digit growth in FY19, according to latest data from the Insurance Regulatory and Development Authority of India (IRDAI). While life insurer’s premium income grew 11 per cent in FY19 over the previous year, non-life insurers registered a growth of 13 per cent. However, private players fared better than state-run players in both life and non-life sectors. For instance, while in life insurance, LIC’s…

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Group insurance cover explained – Life Insurance Article

What is it? Group insurance plans are insurance policies that are meant to cover a group of people with a single insurance policy. “Group insurance policies are of two types: ones that the insurer provides you through your employer, and one that the insurer directly sells to a group of customers, such as students, teachers or bank employees,” said Mahesh Balasubramanian, chief executive officer of Kotak General Insurance. For instance, the health cover provided by your employer. Premiums may be…

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The Effects of Weed on Cats – Insurance Article

Caturday falls on a rather auspicious day this year if you happen to indulge in the human equivalent of catnip. If you partake in certain extra-curricular activities, cat owners should carefully consider where to store your stash. Otherwise, a curious kitty might mistake it for a similarly herbal cat-friendly treat. Although marijuana has been deregulated across Canada and some regions of the United States, exposure has less than desirable effect on our feline friends. The effects of weed on cats…

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Court Documents Reveal New Information on Romance Novelist Accused of Husband’s Murder – Blogtown – Life Insurance Article

Nancy Crampton Brophy Multnomah County Sheriff’s Office It’s been seven months since a grand jury indicted romance novelist Nancy Crampton Brophy for the murder of her husband Daniel Brophy, a longtime instructor at the Oregon Culinary Institute (OCI). She’s still awaiting trial. In the meantime, Multnomah County Circuit Court has unsealed court documents that offer new information from the county’s investigation. … This is only a snippet of a Life Insurance Article written by Read Full Article

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Global Universal Life Insurance Market to Expand Steadily in the Coming Years Till 2025 – Life Insurance Article

Albany, NY — (SBWIRE) — 04/19/2019 — ResearchMoz include new market research report “Global Universal Life Insurance Market Size, Status and Forecast 2018-2025” to its huge collection of research reports. Universal life insurance is a type of cash valuelife insurance, under the terms of the policy, the excess of premium payments above the current cost of insurance is credited to the cash value of the policy, which is credited each month withinterest. In 2017, the global Universal Life Insurance market…

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Employee Spotlight – Christina Seigler – Insurance Article

April 19, 2019 Christina Seigler, our Operations Supervisor here at Bankers, has been a member of our team for 12 years! Get to know a little more about Christina and why she loves working at Bankers.   What do you like the most about working for Bankers? What aspect of your job do you enjoy the most? I love the Bankers family! You spend more time at work than you do at home and you build lifelong relationships with…

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Fifth Circuit Twice-Addresses Impact of Master Services Agreement on Subrogation and Arbitrability Issues – Insurance Article

On Wednesday, the Fifth Circuit found that Lloyd’s syndicates may not subrogate against an additional insured and may not force that additional insured to arbitration. Lloyd’s Syndicate 457 v. FloaTEC, LLC, No. 17-20550 (5th Cir. Apr. 17, 2019). The case arose out of an oil platform in the Gulf of Mexico called Big Foot, owned and operated by Chevron. Chevron contracted with FloaTEC to engineer steel tendons to moor Big Foot to the ocean floor. The contract between Chevron and…

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Permissive Driver has no Right to Accept or Reject UM Coverage – Insurance Article

Every state requires insurers to offer uninsured motorist (UM) and underinsured motorist (UIM) coverage when issuing a liability insurance policy. The statutes do not require the insured to buy the coverage and allows the named insured the right to reject UM/UIM coverages. In Lester Beeman v. ACCC Insurance Company, 2171114, Alabama Court of Civil Appeals (April 12, 2019) Lester Beeman sought UM/UIM coverage although he was injured while driving a car owned and insured by his mother who had rejected…

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What can breathe new life into the waning life insurance industry? – Life Insurance Article

It seems like the failure to keep up ever-changing innovation has sucked the life out of the life insurance industry. Figures from Hannover Re show that the number of US households holding life insurance has plunged to a 50-year low. The portion of potential clients for traditional life insurance products is not what it used to be as it continues to shrink every year. In fact, a study by LIMRA found that less than 20% of millennials are interested in…

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Non-life insurance premium up 13% at Rs 1.7 trillion in FY19: Irdai – Life Insurance Article

Non-life insurance firms registered a rise of 13 per cent in their collective premium income to Rs 1.70 trillion in the financial year ended March, according to data from Irdai. The 34 non-life insurers had a gross premium of Rs 1.51 trillion in 2017-18. Among these insurers, as many as 25 are categorised as general insurers, seven as standalone private sector insurers while the rest of the two are government-owned…

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Superintendent’s secret life insurance policy leaves Pikeville school board divided – Life Insurance Article

April 18– Apr. 18–PIKEVILLE — More than 10 years ago, the Pikeville Independent Schools system cut a $154,000 check to pay for a clandestine, million-dollar life insurance policy for the district’s superintendent. The life insurance policy was never publicly discussed or voted on at the time. No mention of it exists in the board’s meeting minutes and few records of the policy exist today. Now, current board members are investigating. Their inquires have left the five-member school board divided, with…

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Texas House Passes Life Premium Change Disclosure Bill – Life Insurance Article

(Photo: Shutterstock) The Texas House of Representatives today approved a bill that could set new disclosure requirements for issuers of permanent life insurance. House members passed the bill by a vote of 147 to 0. Two other members were present but did not vote on the bill. The bill, House Bill 207, would establish disclosure standards that would apply when life insurers make some kinds of changes to some kinds of life policy charges on or after Jan. 1, 2020.…

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Comcast Co. (CMCSA) Shares Sold by Metropolitan Life Insurance Co. NY – Life Insurance Article

Metropolitan Life Insurance Co. NY trimmed its position in Comcast Co. (NASDAQ:CMCSA) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 654,667 shares of the cable giant’s stock after selling 5,698 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Comcast were worth $22,291,000 at the end of the most recent reporting period. A number of other hedge funds and…

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Insurance Consultant job with Idex Consulting Ltd – Insurance Article

An exciting new opportunity has arisen for an Insurance Consultant to join a genuine employer of choice in Leeds city centre. The Company Our client is a well-established and successful multinational Insurer with a rapidly growing market presence in the UK and significant growth plans for the coming few years. The Insurer have a strong brand within the insurance community, one that is committed to delivering innovative and results orientated solutions for their clients, be they large corporate customers or…

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Recruiting Quality Employees To Your Small Business – Insurance Article

In a competitive job market, it may seem like a challenge for small businesses to compete for top talent, but it might not be as difficult as once previously thought. Smaller companies often have a lot to offer that big businesses do not. The Wall Street Journal states, “Small companies often offer more flexibility, more job diversity, and the possibility of high growth.” [1] It’s important to make a case for why your business is an attractive place to work. If you’re having…

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Completing a Final Walkthrough on a Home – Insurance Article

When the process of purchasing a home is nearly complete, many buyers start focusing on other details such as packing up their belongings or looking at paint samples. However, there is one more crucial step to complete before closing on a house, and that’s a final walkthrough. This is a homebuyer’s last chance to walk around the property and make sure everything is in working condition, and that any previously agreed-upon repairs were completed, prior to signing on the dotted line. These tips can…

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