Articles
NY lawsuit over premium financing tests oversight promised by Reg 187
A premium financing deal gone bad in New York State is generating a new round of criticism from those say the practice is often misused with troubling results. Filed in New York State Supreme Court, Ester Aronson and Baruch Aronson are suing Brave Strategies, Penn Mutual Life Insurance Co., MassMutual Life Insurance Co. and New […]
Spiraling insurance costs spur homeowners to seek a la carte coverage
Due to spiraling – and in some cases unaffordable – costs of insuring one’s dwelling, more and more people are opting for insurance coverage for what they might truly need – say, fire and flood – and are willing to take the risks for any other calamity that might befall them, essentially seeking “a la […]
As Q1 2024 earnings near, insurance industry outlook brightens
As insurance carriers are about to announce first quarter 2024 financial results, most analysts, company executives, and others are predicting a good – or even better – outlook as the economy strengthens, interest rates stay high, and margins improve. Premiums are on the increase, claims cost inflation has slowed, and investment returns, already on the […]
Globe Life accused of rampant insurance fraud by short-seller report
Globe Life is reeling after a report Thursday accused brokers at subsidiary American Income Life of widespread insurance fraud, including writing policies for dead and fictitious people, and an alleged kickback scheme that netted millions for senior executives. Shares of Globe Life dropped more than 50%, following the report from Fuzzy Panda Research, which took […]