Life insurance is actually a legal contract between an insurer and an insurance holder or insurer, in which the insurer promises to cover an insured person a fixed amount of money upon the insured person’s death. Depending on the contract, death benefits can be paid immediately upon the insured’s demise, or extended indefinitely according to the terms of the policy. In certain cases, life insurance may also be used as a means of investment. In addition, life insurance premiums may be deducted as a business tax deduction. There are many…
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Save Money On Your Travel Insurance With Discounts
best car insurance 24 The Travelers Insurance Company, commonly referred to as Travelers, Inc., is an American private insurance firm. It is the third largest issuer of U.S. Commercial Property Casualty Insurance, and the eighth largest issuer of U.S. non-business travel insurance through agents. The Travelers Insurance Company was established in insured travel in 1920. The company operates through a chain of brokers, which are responsible for giving and providing coverage to clients. The company’s core business is travel insurance. This type of insurance has proven to be extremely popular…
Read MoreEssential insurance for mortgage lenders, originators and servicers
Mortgage impairment insurance is an essential product for mortgage lenders, particularly regional banks, credit unions, and community banks. It is primarily designed to provide coverage needed in the event an uninsured or underinsured damages a mortgaged property and that borrower (a homeowner or a commercial property owner) failed to maintain the required property insurance, and subsequently defaults on their loan as a direct result of the loss or damage to the property. “All mortgage lenders, originators, and servicers should carry mortgage impairment insurance,” said Paul Zubrowski, assistant vice president of…
Read MoreStates Expected to Announce $26B Opioid Deal With Drug Distributors, J&J: Reuters
U.S. state attorneys general and lawyers for local governments are expected on Wednesday to unveil a landmark, $26 billion settlement resolving claims that the three largest U.S. drug distributors and drugmaker Johnson & Johnson helped fuel a nationwide opioid epidemic, a person familiar with the matter said. Under the settlement proposal, distributors McKesson Corp , Cardinal Health Inc and AmerisourceBergen Corp are expected to pay a combined $21 billion, while Johnson & Johnson would pay $5 billion. More than 40 states are expected to sign onto the settlement, the source…
Read MoreAIG delivers strong Q1 financial results
American International Group (AIG) has reported net income attributable to AIG common shareholders of $3.9 billion in the first quarter (Q1) of 2021, up from $1.7 billion in the prior year quarter. The Group attributes the significant increase ($4.41 per diluted common share, compared to $1.98) to higher net investment income, stronger equity market performance, and improved general insurance underwriting income. AIG’s general insurance business reported gross written premium (GWP) of $10.7 billion in the three moths ending March 31, 2021 – a 6% increase from the $10.1 billion in…
Read MoreCommercial insurance prices gains slow – Marsh
Global commercial insurance prices rose 18% in the first quarter, according to Marsh’s latest Global Insurance Market Index. That follows average annual increases of 22% in Q4 2020 and 20% in Q3 2020. The first quarter of 2021 was the first to show a drop in the average rate of increase since the index reported the first rise in global rates in the fourth quarter of 2017. Increases across geographies moderated due to generally slower rate rises in property insurance and financial and professional lines, according to Marsh. The UK,…
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