Businesses turn to tax insurance to cover themselves from unfavorable rulings

Tax insurance - Business People

Underwriters and brokers are seeing their busiest year ever from companies buying these policies. Governments worldwide have been cracking down on companies that have been avoiding their taxes, and businesses are now buying tax insurance more than ever before in order to protect themselves against a costly dispute or unfavorable ruling. This year has proven to be a record-breaking year for the number of policies purchased for this reason. According to brokers and underwriters, by the close of December, this year will have seen the most tax insurance policies. This…

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FTJ and FSL Name New Vice President

FTJ Logo 384 stacked

KANSAS CITY, Missouri (June 16, 2016) – Forrest T. Jones & Company, Inc. (FTJ) and Fidelity Life Insurance Company (FSL) announced that veteran insurance executive Peter Lindquist joined the companies as vice president on June 15. Lindquist, who has served as chief financial officer (CFO) for 20 years at various insurance companies, will succeed William Hobbs II, who is retiring as vice president and controller. Lindquist most recently served as CFO and treasurer at Cameron Mutual Insurance Company, located in Cameron, Mo. Prior to that, he was CFO for insurance…

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Treasury Department wants real life insurance professionals for new committee

The U.S. Treasury Department announced today the creation of a new advisory committee on insurance. The committee will be made up of state regulators and industry officials from all over the country. The Department has issued several notices throughout the U.S. inviting those interested in a position within the committee to apply with the Federal Registrar. The committee is being formed to help the federal government better understand the ramifications of changes made to the existing industry in the country. The plan has garnered support from some of the nation’s…

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Medicare quote engine growing to assist agents and brokers

Medicare quote engine growing to assist agents and brokers

HPInsite is happy to announce that they have recently added new geographical areas to their supplemental Medicare quote engine. Now covering four times the states it did last year, they are hoping to cover all of the United States by this coming March. Their quote engine is offered to insurance agents, allowing them to offer quotes on their own websites. When a customer submits their information, they can instantly see comparisons of several health plans from a variety of companies. Then, the customer can choose to apply online or request…

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