US life insurance premiums exceed $200B for 1st time ever in 2021

US life insurers saw their yearly direct life insurance premiums surpass $200 billion for the first time in history in 2021, according to an S&P Global Market Intelligence analysis of annual statutory statements. In aggregate, the combined group and ordinary, or individual, direct life premiums climbed 9.9% year over year to $204.7 billion in 2021. … Read more

KHN’s ‘What the Health?’: Waking Up to Baby Formula Shortage

KHN's 'What the Health?': Waking Up to Baby Formula Shortage

Can’t see the audio player? Click here to listen on Acast. You can also listen on Spotify, Apple Podcasts, Stitcher, Pocket Casts or wherever you listen to podcasts. The federal government finally addressed the infant formula shortage, as a growing number of families found themselves without anything to feed their babies. But it will likely … Read more

Ageas Federal Life Insurance to look at inorganic play for bank partnership

Ageas Federal Life Insurance is hoping to increase its distribution footprint this fiscal with partnerships and tie-ups with banks after IDBI Bank discontinued selling its products. “For the next three to five years, the aim is to shore up our topline and distribution footprint. That would be through a combination of proprietary channels like agency, … Read more

Most Homeowners Underinsured for Trends in Inflation, Building Costs: APCIA

A new American Property Casualty Insurance Association (APCIA) survey of over 1,000 US homeowners who have a homeowners insurance policy, reveals a majority of insured homeowners have not taken important steps to ensure their insurance coverage is keeping pace with rising inflation and increased building costs, which could leave policyholders underinsured if catastrophe strikes. Only … Read more

Spain: Countries with most expensive travel health insurance named – full list | Travel News | Travel

Spain: Countries with most expensive travel health insurance named - full list |  Travel News |  Travel

New research from expat insurance provider William Russell analyzed international health insurance claims data and revealed the most expensive country to get sick or injured without cover while traveling is Denmark. Denmark has the highest average claim value of £5,569. Therefore, international health insurance is extremely important when visiting the country to protect one’s health … Read more

China slashes interest rate as housing sales collapse

The People’s Bank of China cut its five-year loan prime rate (LPR) by 15 basis points to 4.45%, the second reduction this year and the largest on record. Most analysts had expected a cut of five basis points. China’s LPR is the rate at which commercial banks lend to their best customers. It serves as … Read more

Hazelton Mountford brings insurance expertise to Road Transport Expo 2022

Hauliers wanting insurance advice should head down to Hazelton Mountford’s stand at this year’s brand new Road Transport Expo (RTX), taking place at NAEC Stoneleigh from 30 June to 2 July this summer. The friendly team of Hazelton Mountford experts have an in-depth understanding of the haulage industry’s requirements and are looking forward to welcoming … Read more

Need for trip insurance amid pandemic is reshaping travel landscape

Saowakhon Brown | Time | Getty Images The ever-evolving Covid-19 pandemic is reshaping where Americans spend their travel dollars and how they protect that investment. That’s according to the latest findings from travel insurance firms and the industry experts that track them. Airfare comparison site Next Vacay said it analyzed Google searches about travel insurance … Read more