Live Insurance News

Insurance news from Allstate shows hip and edgy new strategy

September 10, 2013March 4, 2021 H. Cutner

The insurer – like others – has been facing financial and natural disasters, but is managing to stand out. Allstate has not had it easy over recent years, as insurance news continues to pummel the industry with natural and financial disasters, but this insurer has still managed to transform itself and stand out from the pack with a unique strategy. The subject matter may not be all that hip, but Allstate has managed to market it that way. The company is making insurance news with an edgy television commercial campaign…

Insurance industry could soon see greater federal flexibility

July 30, 2013July 27, 2013 H. Cutner

Senators have now proposed a bill that could give the Federal Reserve more wiggle room. A bipartisan group made up of U.S. senators has now proposed a new bill that would provide the Federal Reserve a larger amount of flexibility for the regulation of companies that are systemically important to the insurance industry, such as American International Group Inc. (AIG). This new bill is meant to put new “capital standards” into place that are customized to the “unique characteristics”. This, according to the bill, which had senators sponsoring it who…

Insurance industry could soften the U.S. pension crisis

July 12, 2013July 10, 2013 G. Turner

Senator Hatch from Utah believes that insurers could hold the key to easing the struggle that will be faced. On Tuesday, one of the top Republican senators proposed legislation that would considerably alter the way that public pensions function by having the life insurance industry pay benefits by way of annuity contracts. The purpose of this newly unveiled legislation would be to assist in alleviating the underfunding from which many plans suffer. Senator Orrin Hatch of Utah is the highest ranking Republican on the Finance Committee. He introduced a bill…

Insurance industry execs in U.S. recognize upgrade need

June 21, 2013June 19, 2013 Julie Campbell

These leaders have stated that the core systems are in need of modernizing across the board. According to the results of a recent survey, two out of every three insurance industry executives – among the 200 who participated – said that they were dealing with aging legacy systems. This issue could result in a wide reaching barrier to being able to reach new markets. SAP AG has indicated that the current issue of aging legacy systems in the insurance industry could make it harder for insurers to reach new markets,…

Insurance industry study shows leadership positions lack gender diversity

June 17, 2013June 15, 2013 G. Turner

The research indicated that despite the fact that there are many women employed, they are not in these roles. According to the results that have recently been released from a study in the United States, the insurance industry is lacking in gender diversity across all leadership levels, even though there are a high number of women who have positions in the field. The study involved the data of 91 publicly traded companies as well as 9 mutual companies. The study was conducted by the team of primary author Mike Angelina,…