Citizens releases 2019 rate package, including request for 7.9 percent increase

Citizens releases 2019 rate package, including request for 7.9 percent increase

Today, the Citizens Property Insurance Corporation’s Board of Governors will be asked to approve a 2019 rate package that reflects the impact of skyrocketing nonweather related water loss claims in South Florida, a troubling trend that appears to be spreading Read More …

Clearsurance Reveals the Top 10 States with the Most and Least Happy Homeowners Insurance Policyholders

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Clearsurance, an independent online community of insurance customers, today shared its list of the top 10 states with the most and least happy homeowners insurance policyholders. By analyzing review data submitted to its online, crowdsourced ratings and review platform from Read More …

OIR Announces 2019 PPACA Individual Market Health Insurance Plan Rates

OIR Announces 2019 PPACA Individual Market Health Insurance Plan Rates

TALLAHASSEE, Fla. – The Florida Office of Insurance Regulation (OIR) announced today that premiums for Florida individual major medical plans in compliance with the federal Patient Protection & Affordable Care Act (PPACA) will increase an average of 5.2 percent beginning Read More …

Eying Growth, Insurers Reshape Indexed Life

Eying Growth, Insurers Reshape Indexed Life

First quarter sales of indexed universal life rose 12 percent to $486 million compared to the year-ago period and life insurers are wasting no time tweaking their IUL line-ups to take advantage of a fast-selling segment. Rising interest rates help Read More …

Securities America Adds Futurity First Insurance Group

Securities America Adds Futurity First Insurance Group

LA VISTA, Neb. – June 28, 2018 – Securities America, a wholly owned subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE American: LTS, LTSL, LTS PrA, LTSF), announced today that Futurity First Insurance Group – an independent, nationwide insurance distribution Read More …

Individual Life Combination Premium Grows 18% In 2017

Individual Life Combination Premium Grows 18% In 2017

WINDSOR, Conn., June 21, 2018 – Total new premium for life combination products (which combine life insurance with long-term care or chronic illness coverage) increased 18 percent to $4.1 billion in 2017, according to LIMRA’s 2017 Individual Life Combination Products Read More …

New York Delivers ‘Worst Fears’ With Tough Reg For Life Insurance

New York Delivers ‘Worst Fears’ With Tough Reg For Life Insurance

Industry officials delivered plenty of feedback to get New York to scale back its best interest rule for annuity and life insurance sales. That effort was answered this week when the final regulation was published largely unchanged. “New York stepping Read More …

Research Shows Americans Without Life Insurance Not Taking Action To Reduce Financial Risks

Research Shows Americans Without Life Insurance Not Taking Action To Reduce Financial Risks

HOUSTON – New research announced by American International Group, Inc. (NYSE: AIG) reveals that consumers who do not have life insurance feel less prepared financially for the illness or death of self or a loved one than people with life Read More …