Federal Life Seals the Deal with Texas Service Life Takeover

Texas Service Life Insurance Co. is now officially a subsidiary of Federal Life Insurance Co. These companies (formerly owned by Texas Service Life) were also gleaned by Bain Capital. Insignificant or none of the Texas Service chains were remarked in this deal. In a prepared statement, Olson asserted that “families view such products as essential,” […]
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Leadership Move: Nicola Barrett Named Second VP and Actuary at The Standard

Standard Insurance Company (The Standard) has appointed Nicola Barrett (picture) as second vice president and actuary, actuarial governance and enterprise risk management. This is part of the company’s ongoing initiatives to enhance the risk oversight and governance across the organization. As per a news release, Barrett will oversee developing and executing actuarial governance and enterprise […]
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Could a Mega Deal Be Coming? Allianz Eyes Bold Acquisition

As built on Capital Four’s reporting by Bloomberg, Allianz is reportedly mulling acquiring Capital Four, a European credit manager based in Copenhagen. The sources noted that the discussions are at a preliminary phase and may experience some hiccups or may not reach fruition. The spokespeople from Allianz and Capital Four did not provide insight on […]
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Don’t Wait Until It Hits – Allstate Urges Storm Prep as Hurricane Season Starts

With the commencement of hurricane activities, Allstate is heightening its extreme weather response protocols while focusing on encouraging Americans to prepare for such opportunities. The insurer’s latest findings suggests that close to two-thirds of US families do not possess a disaster recovery plan, regardless of the continuing increase of intense and destructive storms. Allstate from […]
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Help Is on the Way, Missouri Considers Tax Break for Storm-Hit Homes!

Right now, Missouri legislators are mulling over a new bill that might help homeowners and renters coping with the aftermath of damage from bad weather. The new legislation, which was put forward in a special legislative session, seeks to permit tax deductions to home insurance deductibles paid for repairing damages caused by storm. This proposal […]
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California wildfires could cost insurers $20B, highest in state’s history

California wildfires could cost insurers $20B, highest in state’s history The previous record for costliest California wildfire in terms of insured losses was the 2018 Camp Fire in Butte Country California Gov. Newsom’s priorities have been all wrong: San Diego County supervisor A new analysis by JPMorgan estimates that the overall economic losses and insured losses […]
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