Heritage faces disaster losses as net income declines

[ad_1] “A lot of cluster groups are a great social club, and they might share, ‘Hey, I landed this piece of business with this carrier,’ but it’s not a structured sharing of information, of data. Nor can one agent really speak for the others in the cluster. They’re just the spokesman this year, whereas an…

[ad_1] California’s largest property insurer, State Farm General, has warned that it will not resume writing new policies in the state, even if regulators approve its proposed 22% rate increase. The statement, delivered in a letter to Ricardo Lara, the state’s insurance commissioner, underscores the growing crisis in California’s homeowners insurance market as insurers retreat…

[ad_1] As more Baby Boomers age, adult children are increasingly welcoming their parents into multigenerational homes. While this decision brings emotional and practical benefits, it also introduces insurance complexities.  Here, we analyze the key concerns and offer advice for a seamless transition. Will Your Parents Be Covered Under Your Current Policy? Under many standard homeowners…

[ad_1] Generali’s adjusted net result rose to €3.77 billion, up from €3.58 billion the previous year, reflecting contributions from its diversified profit sources despite lower net realised gains. The overall net result stood at €3.72 billion, slightly lower than the previous year’s €3.75 billion, which included capital gains from asset disposals in 2023. [ad_2] Source…

[ad_1] Advancement aims to enhance placement services and global client access [ad_2] Source link

[ad_1] The rules, finalized in June and set to take effect Aug. 25, included eliminating monthly special enrolment periods for some individuals, tightening income verification, standardizing open enrolment and introducing a $5 monthly premium for people automatically re-enroled in zero-premium plans. They also excluded coverage for sex-trait modification procedures and barred Deferred Action for Childhood…