Principal Beats Projection With Lower Claims, Diverse Business
by John Hilton on July 28, 2020 at 8:42 pm
Despite COVID-19 death numbers up to double what was expected in the spring, Principal is cutting its projected impact on earnings from $20 million to $10 million per 100,000 U.S. deaths from the virus. The insurer credits its diversified product lines for enabling it to remain financially strong.
How Pandemic Rules Affect Life Insurance Underwriting For Foreign Nationals
by user on July 27, 2020 at 2:09 pm
Does the possession of a visa mean a prospect is declined for life insurance?
State Insurance Regulators Tangle Again On ‘Proxy Discrimination’
by John Hilton on July 24, 2020 at 8:00 pm
The Artificial Intelligence Working Group voted unanimously to adopt principles governing artificial intelligence last month, including the phrase "AI users should proactively avoid proxy discrimination against protected classes." A task force is deciding whether or not to keep that language going forward.
2Q Earnings To Reveal Accuracy Of Life Insurers’ COVID-19 Estimates
by John Hilton on July 24, 2020 at 5:19 pm
Globe Life estimates $45 million of COVID-related life claims for 2020, nearly double its first-quarter projection. Globe Life is one of the first life insurance companies to report second-quarter earnings. The quarter offers the first glimpse at how well insurers are countering the financial impacts of the worldwide pandemic.
Build The Conversation On Race With The 5 Pillars Of Emotional Intelligence
by Steven A. Morelli on July 24, 2020 at 11:23 am
Emotional intelligence is where “80% of you success lives,” according to Jamar Cobb-Dennard, a business broker at Indiana Business Advisors, who spoke about racial bias in the workplace in a webinar for the National African-American Insurance Association.
Insurers Back Off Age Restrictions, Make Pricing Changes
by John Hilton on July 23, 2020 at 5:48 pm
Several life insurers are reversing COVID-19 restrictions on underwriting, even as the pandemic continues to infect record numbers of Americans. Most insurers placed temporary age caps on underwriting in April as COVID-19 spread across the U.S. But policy sales suffered during the ensuing months.
Who Will Be The Next Generation Of Black Agency Owners?
by Susan Rupe on July 22, 2020 at 7:26 pm
Mentorship is the key in recruiting the next generation of Black advisors, and in helping them build their careers and eventually take over existing practices when the older generation of advisors is ready to retire.
AIG To Relocate Global Headquarters In New York City
by Press Release on July 21, 2020 at 1:40 pm
NEW YORK, July 21, 2020 -- American International Group, Inc. (NYSE: AIG) today announced that it will relocate its global...
Life Insurance Can Be The Key To Preserving Family Wealth
by user on July 21, 2020 at 11:50 am
If you have clients who are concerned about what market volatility might mean for their loved ones, life insurance can provide peace of mind that generational wealth won’t get lost in the storms.
Craig DeSanto Named President Of New York Life
by Press Release on July 20, 2020 at 5:33 pm
New York, July 20, 2020 - New York Life announced today that Co-Chief Operating Officer Craig DeSanto, 43, has been elected president...