“Marv was a great man and a staunch supporter of NAIFA, the profession, and the entire life insurance industry,” NAIFA CEO Kevin Mayeux said in a statement. “He dedicated much of his life to helping people understand the importance of life insurance and other protection products, and he played an important role in shaping the development of Life Happens along the way. I was privileged to know Marv personally and to be friends with his daughters, Terri and Barbi, since our college days. His leadership, generosity, and commitment to this profession will continue to inspire generations of financial professionals.”
Author: Awais
Severe convective storm (SCS) outbreaks across parts of the United States this week are anticipated to drive insurance market losses in the low to mid-single-digit range, according to initial analysis from reinsurance brokers Gallagher Re and Aon.Steve Bowen, Chief Science Officer and Meteorologist at Gallagher Re explained that severe convective storms from March 10-12 were a “notable uptick” in activity, resulted in deadly tornadoes, as well as large, damaging hail storms. “An initial assessment of tornado, hail, and straight-line wind damage suggests insured losses were expected to eventually settle into the low to mid-single-digit billions (USD). The overall direct economic…
On capital, Securian’s nearly $3.6 billion of capital and surplus at Minnesota Life is materially smaller than the surplus reported by Northwestern Mutual or Guardian but is consistent with its narrower product and geographic footprint. That capital base, combined with conservative risk management, supports the strong ratings that underpin its position in group, individual life, annuity and institutional markets.
“I’m honored to step into the role of national casualty practice land excited to continue advancing the specialization and growth of our casualty practice,” Lowe said. “As the casualty market grows increasingly complex, our continued investment in hyper‑focused industry expertise and internal collaboration positions us to build on the strong foundation and momentum established under Chris’s [Chris Brown, chairman] leadership.”
KFF Health News southern correspondent Sam Whitehead discussed Medicaid work requirements on WUGA’s The Georgia Health Report on March 6. Click here to hear Whitehead on The Georgia Health Report. Read Whitehead’s “New Medicaid Work Rules Likely To Hit Middle-Aged Adults Hard,” co-reported with Samantha Liss. KFF Health News Colorado correspondent Rae Ellen Bichell discussed wage garnishment legislation on KUNC’s In the NoCo on March 5. Click here to hear Bichell on In the NoCo. Read Bichell’s “State Lawmakers Seek Restraints on Wage Garnishment for Medical Debt.” KFF Health News is a national newsroom that produces in-depth journalism about health…
Kin Insurance, the direct to consumer insurtech, is back in the catastrophe bond market and for the first time seeking hurricane reinsurance across more states than just Florida, with an initial $300 million target for this new Hestia Re Ltd. (Series 2026-1) issuance, Artemis understands.Kin Insurance has previously sponsored three Hestia Re catastrophe bonds, each of which provided it with pure Florida named storm reinsurance protection. Kin secured its debut $175 million Hestia Re Ltd. (Series 2022-1) catastrophe bond cover back in April 2022. That transaction was marked down for potential losses from hurricane Ian and as we reported last…
It all came down to one missing endorsement – and a $1.2 million price tag
The filing also highlights what Farmers characterizes as a deliberate effort to extract confidential data ahead of McKinney’s exit. On or about December 9, 2024, McKinney accessed a secured Farmers platform to generate a report sorting agency contacts by age and date range, the filing states. Then, on or about February 18, 2025, he downloaded the agency’s entire book of business in spreadsheet format.
Heritage Insurance Holdings, Inc. continues to seek $250 million or more in collateralized US named storm reinsurance from its Citrus Re Ltd. (Series 2026-1) issuance, but the company is now aiming to capitalize on investor appetite and has lowered and tightened the price guidance for the notes on offer, this publication has learned.Heritage has been an active player in the catastrophe bond market since 2014, when it sponsored its first Citrus Re cat bond. This new Citrus Re Ltd. Series 2026-1 catastrophe bond issuance will become the eleventh cat bond under the Citrus Re name that Heritage has sponsored and that we have…
GuideOne’s position is straightforward: under the contracts governing the project, both Bonafide Builders, Inc., the trade contractor, and its subcontractor GSPE Interior Construction Corp. were required to name the project defendants as additional insureds on their respective CGL policies. Colony insured Bonafide; Hiscox insured GSPE. Both policies contain additional insured endorsements that, GuideOne contends, are triggered by those contractual requirements.
New facility eliminates coverage gaps across developers, fleet operators, and manufacturers
Combining the disparate databases used to detect potential issues with drugs, vaccines and other products into a single dashboard will enhance their utility and cut costs, the agency said.
The report found that major insurers have pulled back from central, southern and eastern Oregon counties, forcing many homeowners into last-resort coverage or quadrupled premiums. Across the western US, Cotality identified more than 2.6 million homes at such risk, representing $1.3 trillion in reconstruction value.
Sheldon Ekirch is used to being disappointed by her health insurance company. That’s why Ekirch, 31, of Henrico, Virginia, was stunned when she learned Anthem would finally have to pay for life-changing medical treatment. For two years, she had battled the company to cover blood plasma infusions called intravenous immunoglobulin, or IVIG. The treatment has been shown, in some cases, to improve symptoms associated with small-fiber neuropathy, a condition that makes Ekirch’s limbs feel like they’re on fire. But Anthem had repeatedly denied coverage for IVIG, which costs about $10,000 per infusion. Then, in February, an external review of her…