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Manulife sees surge in insurance sales as Asia and wealth units drive growth
Manulife segments in Q1 2025 Asia core earnings rose 7%, supported by higher business volumes, improved new business impact, and favorable claims experience, though partially offset by strengthened ECL provisions. Global WAM posted a 24% increase in core earnings, driven by higher net fee income, favorable market conditions, performance fees, and expense discipline. Source link
Great American promotes Dan Keenan to trucking division president
Keenan joined National Interstate Insurance Company, part of Great American Insurance Group, in 2006. He initially led Hudson Management Group, the company’s subsidiary based in St. Thomas, US Virgin Islands. Over the years, he has held several leadership roles, most recently serving as national business development officer for National Interstate. Source link
Insurance crisis threatens Illinois foster care system, prompting legislative action
A search for solutions With the legislation in limbo, lawmakers have turned to a task force model, aiming to bring all stakeholders to the table – including the Department of Insurance, DCFS, insurers, legal advocates, and child welfare organizations. The group is expected to begin meeting within 30 days of all appointments and must submit…
Why businesses are ignoring environmental insurance at their own peril
“Interestingly, that may increase the number of third-party lawsuits,” he said. “There is, in the US, the ability for citizens to do a citizens’ action against a company that’s not in compliance with the regulations, and one of the criteria is the regulators aren’t doing anything. Then, the citizens can bring a lawsuit and pay…
Small restaurants, big risks: The coverage gaps that could shut them down
For small restaurants, the margin for error is razor-thin. Small restaurants have always had plenty to worry about – fires in the kitchen, workplace injuries, liability claims, and the ever-present risk of a foodborne illness shutting them down overnight. Unlike large chains with corporate backing, independent restaurants don’t have the financial cushion to absorb major…
The Five Policies You Need to Protect Your Fleet
The transportation industry runs on reliability. The consequences can ripple far beyond a single shipment when cargo is lost, damaged, or delayed. Without proper coverage, businesses risk financial loss, reputational damage, and loss of key contracts, which can all be detrimental. This article will explore key insights from Jason McConkey, Director of Transportation Underwriting at…