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USAA highlights 1 million new members and net worth rise
[ad_1] In 2024, USAA returned $2.2 billion to members through distributions, dividends, and banking rebates and rewards. The company also paid $4.3 billion in catastrophe-related claims. It also reported process improvements, including a reduction in average catastrophe claims processing time from 14 days to seven days, using advanced technology. [ad_2] Source link
Psychedelics, Kratom, and Delta-8: Insurance market confronts cannabis’s boom
[ad_1] Insurers face mounting risks from unregulated substances flooding the market [ad_2] Source link
Creating the ‘future-proof’ insurance agent: Strategies for overcoming the tech disruption
[ad_1] Agents who fail to rethink their value are fading fast [ad_2] Source link
Liberty Company partners with Hahn Insurance to expand in New Jersey
[ad_1] The agreement with Hahn Insurance Agency is the latest in a series of partnerships Liberty has established to scale its platform. Earlier this year, Liberty secured an additional $100 million in funding, led by JPMorgan Chase. This financing aims to fuel mergers, acquisitions, and innovation within the company. [ad_2] Source link
Allianz names Lara Martiner head of alternative risk transfer
[ad_1] Executive change aligns with rising interest in parametric and captive products [ad_2] Source link
Kentucky bill proposes workers’ comp expansion for PTSD in first responders
[ad_1] House Bill 1228 creates a carveout to Kentucky’s long-standing rule that excludes psychological injuries from workers’ compensation coverage unless directly caused by physical harm. The bill, which applies to police officers, firefighters, emergency medical personnel, front-line state workers, and Kentucky National Guard members, introduces a presumption of compensability for PTSD diagnoses stemming from job-related…