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OneDigital acquires Watko Benefit Group
Watko Benefit Group, founded in 2003 by Principal Greg Watkins, provides a range of employee benefits services to businesses with employee counts from 10 to over 3,000. The firm’s offerings include group insurance, voluntary benefits, and executive benefits. The six-person Watko team brings more than 50 years of combined experience in areas such as healthcare…
Term life policies rise as others decline
Seniors propel market growth The most striking trend emerged in the senior population, with ages 71 and older experiencing remarkable expansion. This age group posted a substantial 21.2% year-over-year increase in life insurance applications, marking the second consecutive month of double-digit growth. Immediately preceding this bracket, individuals aged 61-70 also demonstrated positive momentum, registering a…
Addressing ‘silver tsunami’ is critical, warns MMA claims director
Redefining claims advocacy As the workforce undergoes a generational shift, so do industry demands. AI, machine learning, and data analytics are reshaping claims management, but technology alone isn’t the solution. The key is ensuring that these advancements align with the needs of a younger, more diverse workforce while also preserving the institutional knowledge that’s at…
Tariffs to fuel surge in auto and home insurance premiums
Generally, geopolitical instability from budding trade wars is likely to result in hesitation from insurers. The National Insurance Alliance (NIA), a specialty insurance service provider based in the British Cayman Islands, anticipated that insurers may freeze capital commitments, particularly in inland marine shipping and manufacturing, and postpone major policy decisions until trade policies become clearer…
Alabama Legislature targets coastal commercial insurance stability with adoption of HJR220
On April 24, 2025, the Alabama Legislature formally adopted House Joint Resolution 220 (HJR220), emphasizing the critical need to address the growing instability and affordability challenges in commercial property insurance along Alabama’s coastal regions. Initially introduced on April 8, 2025, the resolution acknowledges the significant economic impact of coastal areas, including over $10 billion annually…
New York court shuts down city’s $100k reimbursement bid in firefighter injury case
In this case, the City of Newburgh allowed several years to pass before requesting an award for the post-retirement period. As a result, Schulze received both § 207-a(2) payments and retroactive workers’ compensation for the same time, totaling about $106,000. But the court made clear that the city’s remedy was not through the workers’ compensation…