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Brighthouse Financial reports first-quarter financial results
At the end of the quarter, Brighthouse reported common stockholders’ equity, or book value of $3.5 billion, or $61.17 per common share. Excluding accumulated other comprehensive income (AOCI), the company’s book value stood at $8.2 billion, or $141.87 per share. Source link

Insurance moves: CRC Group, Neptune Flood, Lockton and Allianz Commercial
Lockton names US industry practices leader Lockton, a privately held independent insurance brokerage, has appointed Chris DiLullo (pictured immediately above, left) as its first US industry practices leader. In this new role, DiLullo will be responsible for leading the company’s national strategy across key industries, including construction, healthcare, law firms, life sciences, real estate, energy…

Why CPAs face more risk than ever before
The accountant’s role has morphed into something more complex and liability prone. With firms offering services like investment consulting, offshore outsourcing, and even insurance sales, they’ve entered regulatory minefields – without necessarily updating their risk protections. Tax-related claims now account for over half of the liability cases at McGowan Program Administrators, and exposure is only…

New Jersey bill to require insurers to cover medical care for menopause – report
Dr. Christmas said hormone replacement therapy is one option for treating night sweats, genitourinary symptoms, or early onset menopause before age 40, as early menopause increases the risk of cardiovascular disease, cognitive decline, and osteoporosis. Hormone therapy is available in the form of pills, patches, creams or gels. The US Food and Drug Administration has…

What Vacant Land Insurance Policies Should I Invest In?
Vacant land is purchased for various reasons, such as long-term investment, customization for future development, potential appreciation, and minimal maintenance costs. It can also serve multiple purposes, including agriculture, storage, or recreational use, so it’s no surprise land sales rose 1.2% in 2023 and continue to rise. Insuring vacant land can present unique challenges due…