Category: Financial News

The financial insurance news being updated every day will keep investors as well as professional abreast to industry and the many changes that are occurring in today’s business world.

New Tax Proposal Could Change How Life Insurance Companies Manage Their Money

Angela Linders
life insurance industry new rules

Breaking Down the Proposed Tax Changes A new law called the Secure Family Futures Act is shaking things up in the life insurance world. The aim of this proposed legislation? To modernize how life insurers are taxed on certain types of investments, like bonds. Right now, these investments fall under something called “capital tax treatment.” It’s a complicated rule that limits how much insurers can handle financial losses and reinvest in the economy. The proposed change would simplify things, making these investments taxable under ordinary rules and extending flexibility for…

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Why Insurance Stocks Like Allstate Are Holding Ground in a Changing Climate

Tate Ellison
Allstate Insurance Stocks

Why Look at Insurance Stocks? Insurance companies are finding ways to stay grounded despite the wild world around them. Stocks like those from Allstate (NYSE: ALL) are proving interesting for investors, even with climate risks becoming a bigger threat each year. Here’s an example: Allstate is sitting on a market value of about $47.85 billion – info per investing.com. They’ve got a price-to-earnings ratio of 10.78, meaning the stock’s price isn’t overly inflated compared to its earnings. And their 2.18% dividend yield isn’t bad if you’re looking for income along…

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Driving Without Breaking the Bank? Minnesota Lawmakers Have a Plan

H. Cutner
Minnesota Lawmakers

Minnesota’s Lifeline Insurance Program Aims to Lighten the Road for Low-Income Drivers Lawmakers in Minnesota are shifting gears toward affordability with a newly proposed initiative aimed at providing low-cost auto insurance to low-income residents. Dubbed the Minnesota Lifeline Insurance Program, this program promises a streamlined safety net for drivers whose budgets are stretched thin. If enacted, this legislation could help ensure that essential transportation doesn’t remain out of reach for many Minnesotans. Learning from the Blueprint of Success Minnesota’s proposed plan follows the tracks of similar programs that have rolled…

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Where to Find a List of Publicly Held Insurance Companies

Live Insurance News
Publicly Held Insurance Companies

The U.S. stock market is home to a wide array of insurance companies, ranging from life and health insurers to property and casualty providers. These companies play a vital role in the economy, offering financial protection and risk management services to individuals and businesses alike. Many of these publicly held insurance companies also stand out for their ability to generate consistent cash flow, which allows them to pay dividends to their shareholders. Dividends are periodic payments made to investors, often seen as a sign of financial stability and profitability. For…

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How Military Families Are Winning the Financial Game

Tate Ellison
Military Families - Financial Game

Military Families Prove Financial Resilience Amid Economic Pressures Military families have quietly written one of the most compelling financial success stories of recent years. While inflation and economic uncertainty have challenged households across the nation, military families have not only endured but thrived. Recent data from the USAA Military Financial Wellbeing Index reveals an impressive 19% increase in savings and a 23% reduction in credit card balances among military members between 2019 and 2023. If these numbers make you sit up and take notice, you aren’t alone. There’s a lot…

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Life Insurance and Annuity Growth in Focus: Key Trends Shaping the US Insurance Market

Live Insurance News
Life Insurance and Annuity Growth

Modest Growth Expected for U.S. Life/Annuity Insurance Sector Through 2025 Despite market volatility and economic uncertainties, the U.S. life and annuity (L/A) insurance sector is projected for modest growth over the next two years. According to Best’s Market Segment Report, the industry will see a boost of approximately $48 billion in capital and surplus combined through 2024 and 2025. Additionally, net income is expected to climb to $51.1 billion in 2025, exceeding pre-pandemic levels by a significant margin. However, while the numbers signal progress, the challenges ahead are as thought-provoking…

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State Farm’s Financial Challenges Leave California Homeowners in Limbo

Ester Adams
State Farm Financial Challenges

State Farm, the largest property insurance provider in California, is dealing with financial instability after a series of devastating wildfires. This turmoil has placed homeowners across the state in a precarious position, as discussions between the insurer and state regulators continue with no resolution yet in sight. Wildfire Losses Plunge State Farm Into Financial Uncertainty The Los Angeles fires, which ravaged neighborhoods earlier this year, have dealt a heavy financial blow to insurers, with State Farm bearing the brunt of the damage. The company’s homeowner claims have surged to a…

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