Monthly Archives: <span>August 2024</span>

New Hampshire’s HPM Insurance Acquires Insurance Savers

HPM Insurance of Amherst, New Hampshire reports it has acquired Insurance Savers Agency, a personal and commercial lines agency with offices in the towns of Littleton and Thornton. The purchase of Insurance Savers Agency expands the footprint of HPM Insurance …

Removing US Subsidies Curbed Building in Climate Risk Zones, Study Finds

The US Congress passed the Coastal Barrier Resources Act in 1982 to preserve relatively undeveloped waterfront areas as natural buffer zones. At least 1.4 million acres along the Atlantic and Gulf coasts were made ineligible for the kind of federal …

Insurance 101: Understanding Insurance Carrier Terminations

This post is part of a series sponsored by AgentSync. In the insurance industry, the term “termination” can refer to a few different things. First, there are policy terminations. These occur when an insurance policy runs its course and the …

Singapore Monetary Authority Defends Allianz’s $1.7B Plan to Buy Income Insurance

Singapore ministers addressed concerns about Allianz SE’s plan to buy a majority stake in Income Insurance Ltd., saying it would be held to account on its commitments and that the potential deal isn’t expected to adversely impact competition in the …

Risk & Insurance Education Alliance Unveils NEW CIC Self-Paced Course: Commercial Multiline

Austin, TX., August 6, 2024 —The Risk & Insurance Education Alliance is proud to announce the launch of its first Certified Insurance Counselor (CIC) self-paced course titled “CIC Commercial Multiline.” Crafted to meet the evolving educational needs of today’s insurance …

Choosing Your Medicare Plan: Original Medicare vs. Medicare Advantage

This post is part of a series sponsored by PCF Insurance Services. PCF Senior Benefits Practice Leader Jason Milz offers a helpful guide to Original Medicare and Medicare Advantage. When it comes to Medicare, the federal health insurance program for …

Fed Policymakers Signal Rate Cuts Ahead, But Not Recession

U.S. central bank policymakers pushed back on Monday against the notion that weaker-than-expected July jobs data means the economy is in recessionary freefall, but also warned that the Federal Reserve will need to cut rates to avoid such an outcome. …

Berkshire Halves Apple Stake, Boosts Cash to $277 Billion As It Gets ‘Defensive’

Warren Buffett appears to have soured on stocks, letting cash at Berkshire Hathaway soar to nearly $277 billion and selling about half its stake in Apple, even as the conglomerate posted a record quarterly operating profit. Berkshire’s results released on …

Travelers: Costliest Claims Driven by Most Common Workplace Accidents

Analysis of 1.2 million workers compensation claims reveals the costliest claims are driven by the most common workplace accidents, according to Travelers 2024 Injury Impact Report. The data also shows first-year employees are still among those most vulnerable to injury. …

US Expected to Propose Barring Chinese Software in Autonomous Vehicles

The U.S. Commerce Department is expected to propose barring Chinese software in autonomous and connected vehicles in the coming weeks, according to sources briefed on the matter. The Biden administration plans to issue a proposed rule that would bar Chinese …