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Greg Lindberg ponders appeal as policyholders await June funds …
WEBMar 8, 2024 · Embattled entrepreneur Greg Lindberg is weighing options after a North Carolina Court of Appeals decision this week clears the way for his former insurance companies to be liquidated.. His ...
‘Excess mortality’ continuing surge causes concerns
WEBOct 26, 2023 · The Society of Actuaries polls of its members found that in August of last year 85% thought excess morality rates would continue to 2025. Two months ago, the same poll found that 79% believed ...
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WEB6 days ago · Insurers, trade groups seek influence via donations in divisive election. The insurance industry donated more than $60 million during the current 2023-24 election cycle, according to Open Secrets ...
Policyholders still waiting as regulators unwind Greg Lindberg …
WEBJul 24, 2023 · Standard guaranty association coverages protect policyholders up to $300,000. Court documents indicate that nearly all of the policies in the receivership process are less than $300,000.
Caught in financial storm, P&C insurers turn to reorg, layoffs
WEBOct 24, 2023 · GEICO said it was reducing its workforce by about 2,000 employees, or 6% of its total. “This will allow us to become more dynamic, agile, and streamline our processes while still serving our ...
NC regulators release $1.2B from former Lindberg insurers in ...
WEBSep 15, 2023 · Regulators are releasing 25% of funds due to policyholders of Colorado Bankers Life Insurance Co. and Bankers Life Insurance Co. The withdrawal program is already underway, regulators said.
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WEBSeptember 17, 2024. The Best’ s Market Segment Report,“ Market Segment Outlook: China Non-Life Insurance,” notes that the segment’ s solvency ratios under China Risk-Oriented Solvency ...
Insurance polices adding ‘insurrection,’ ‘riots’ as exclusions
WEBJan 22, 2024 · The 2024 Cigna Health Care insurance policy excludes "treatments of an injury or sickness which is due to war, declared or undeclared, riot, or insurrection.”. Aetna also excludes losses "caused ...