Allianz CEO says no US insurance market expansion on the way

US Insurance Market - Truth - Paper

Chief executive officer Oliver Bäte denied the rumors of a move to the United States in a recent interview. Rumors Allianz taking its first steps into the US insurance market have been officially denied. The insurance giant’s chief executive officer, Oliver Bäte spoke in an interview with the Financial Times and explained that the company had no intentions to head to the United States. Bäte explained that the American market is too different in its valuations, reducing its appeal for the firm. “Buying something in the US for us is…

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Birthday and party clown insurance puts a smile on everyone’s face

Clown insurance - person dressed up as a clown

These entertainers need a specific type of coverage to protect them against their unique risks. Entertainers who work at birthdays and other types of parties can benefit from purchasing clown insurance coverage. Though most events will go relatively smoothly, it takes only one mishap involving an injury or damaged property during a performance to bring on a lawsuit with substantial financial consequences. Entertainment may sound fun but it is also a business in which liability protection is necessary. While some entertainers purchase general liability insurance, others look for specific clown…

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Top 5 Trends Shaping the Health Insurance Market

Health insurance trends

Most people today agree that the best way to remain healthy is to embrace a lifestyle that incorporates regular exercise and a balanced diet. But even though you’re doing this correctly, you’ll want some form of insurance and knowing how to handle your overall finances which can’t be predicted like injuries, illnesses and other unexpected health-related issues or even unexpected death in the family. In such cases, health insurance solutions can help you. However, getting the right type of coverage is easier said than done. In this guide, we’re going…

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Brooke Shields places life insurance value into the spotlight

Life insurance value - Brooke Shields - Life Happens - YouTube

The actress has partnered with Life Happens to spread awareness about coverage accessibility. Last month, Brooke Shields used a partnership with Life Happens to draw attention to life insurance value and accessibility. Last month was life insurance awareness month and this partnership played a central role. Shields partnered with the non-profit to help push forward the message of life insurance value and accessibility. It was a very direct message: that every family can and should buy coverage to ensure their loved ones are protected if the worst should happen. Death,…

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Minnesota health insurance rates to remain ‘stable’ for 2020

Minnesota Health Insurance Rates - Doctor - heart rate

The state’s Department of Commerce released this statement just ahead of the open enrollment period. Minnesota health insurance rates will be “stable” in plans sold for 2020, said the state Department of Commerce. The department released a report this week revealing the proposed rate changes made by insurers. The report showed the proposed changes to Minnesota health insurance rates for 2020 for individual plans. The report showed that the proposed changes would range from a considerable decrease of 20 percent up to a possible 0.18 percent increase. The range for…

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Lloyd’s of London insurance market will write online for the first time in 2020

Lloyd’s of London - London Buildings

The industry’s largest market will finally begin writing electronic business next year. Lloyd’s of London, the largest insurance market in the world, has finally announced that it will be taking its first steps into writing online. It will write its first business electronically beginning in 2020. The first online-only policy writing will begin operations as of January 1, 2020. The largest reinsurer in the world, Munich Re, will start writing policies by way of an online-only syndicate at the beginning of next year. This, according to statements issued by both…

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Allstate Takes the 2020 Military Friendly Employers List Crown

Military Friendly Employers - man and woman, veteran returning home

The insurance company has been recognized for being the best employer for veterans. Allstate has earned the respected and highly coveted recognition as the top company on the 2020 Military Friendly Employers list. Allstate is the firm recognized for its military and veterans programs to hire, develop and retain. The insurance company took the top spot among Military Friendly Employers in the $5 billion in revenue category. It took that crown for its military and veterans programs. Those programs are focused on hiring, developing and retaining veterans as well as…

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