Aviva PLC decreased its position in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI – Get Rating ) by 22.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 19,786 shares of the insurance provider’s stock after selling 5,825 shares during the period. Aviva PLC’s holdings in Selective Insurance … Read more
Don’t put this off for too long. Key points Inflation increases the cost of everything, which can reduce the value of a life insurance policy’s death benefit. Many insurers offer inflation riders to combat this. It is a good idea for all policyholders to periodically review their life insurance coverage to ensure they are still … Read more
Senators have passed a bill that includes significant changes to the State Employees Insurance Agency. The Senate vote on Saturday afternoon was 29-4. Senate Bill 268 makes several changes to PEIA, out of concern that the agency is facing increasing financial stress. Robert Plymale “It’s a great bill in my estimation because you’re saving PEIA,” … Read more
Between 2022 and 2023, auto insurance rates increased almost 14%, bringing the national average for comprehensive auto insurance from $1.1771 to $2.014. Despite this huge increase, rates are expected to continue rising through 2023, even though the average American pays almost 3% of their income on auto insurance alone. However, since car insurance rates vary … Read more
Corey Bradford was one of eight former NFL players accused of submitting false claims for rehab treatment by a Houston coach, according to the Harris County DA. HOUSTON – A former Houston Texans quarterback has pleaded guilty to a large health insurance fraud charge. Corey Bradford was one of eight former NFL players across the … Read more
All eligible troops Starting March 1, service members will be enrolled in $500,000 worth of Group Life Insurance — even those who chose not to get SGLI coverage in the past — unless they opt out. A law passed in October 2022 mandated the increase. Military members will be charged automatically if they don’t take … Read more
A federal grand jury in Charlotte yesterday returned an indictment charging a North Carolina man with masterminding and directing a massive scheme to defraud state insurance regulators and defraud thousands of policyholders and others related to insurance companies he controlled. According to court documents, from 2016 to at least 2019, Greg E. Lindberg, 53, of … Read more
Anyone buying life insurance should keep this in mind to get the right policy. Key points Dave Ramsey says the only job of life insurance is to replace income after death. This means that life insurance is not meant to be an investment or to enrich your loved ones. He recommends a term life policy … Read more
New Now you can listen to Insurance Magazine articles! Global corporation ITT has again declined coverage under its “all risk” policy for business expenses and losses it has faced due to Covid-19. The Second Circuit Court of Appeals affirmed a Connecticut federal district court’s ruling that ITT had failed to show any “physical damage” or … Read more
Technology is making it easier for insurance companies to prepare quotes, with artificial intelligence (AI) now able to start and complete their own calculations, a new study says. Reuters Events’ Auto Claims 2023: Fine-tuning the Moving Parts of Total Loss presents technology solutions to make roads safer and improve internal processes for carriers. As automakers … Read more