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LIC’s Jeevan Dhara Plan 2(Plan 872): Your Blueprint for a Secure Retirement
LIC’s Jeevan Dhara Plan is a robust and flexible retirement solution that caters to a wide range of needs. Whether you’re looking for an enhanced pension, a return of premium, or a combination of both, this plan offers options that can be customized to fit your lifestyle and financial goals. With guaranteed benefits and the…
Wholesale insurance brokers and Managing General Agents gain ground as surplus lines market surges
This momentum has elevated standout firms such as Monarch E&S, Wholesure, and Gorst & Compass, each earning 5-Star status for their performance across 10 criteria including product range, tech innovation, and ability to place niche risks. Monarch E&S president Yiana Stavrakis emphasized the firm’s commitment to tailoring solutions for mid-market clients and exploring niche programs—most notably, a custom personal umbrella…
Resolutions for a Secure Future in Personal and Commercial Insurance
As we step into 2024, it’s paramount to set resolutions that prioritize financial well-being and risk management. Whether you’re safeguarding your home and family or securing your business assets, here are key insurance resolutions for both personal and commercial fronts. 1. Review and Update Policies Regularly: Stay proactive by reviewing your insurance policies annually. Ensure…
Litigation, cyber risks dominate D&O insurance decision: Willis report
For the first time since 2018, civil litigation and third-party claims re-emerged among the top seven concerns, with 63% of respondents identifying them as significant D&O risks. Smaller companies, with revenues under $50 million, and mid-sized firms generating between $1 billion and $5 billion, were more likely to cite litigation as a major issue. Source…
Judge dismisses ERISA class action over Wells Fargo’s prescription drug benefit practices
The plaintiffs—Sergio Navarro, Theresa Gamage, Dayle Bulla, and Jane Kinsella—are former Wells Fargo employees and former participants in the Wells Fargo & Company Health Plan (“the Plan”), a self-funded employee welfare benefit plan governed by ERISA. They sued on behalf of themselves, other similarly situated participants, and the Plan itself. Source link
Insurance moves at Penn Mutual and BTIS
BTIS promotes head of operations Builders & Tradesmen’s Insurance Services, Inc. (BTIS), an Amynta Group company, has announced the promotion of Jessica Keefe to senior vice president, head of operations. With over 20 years of experience in compliance, operations, and strategic growth, Keefe has played a key role in BTIS’s expansion and operational efficiency since…