Do I need personal liability insurance if I own my home?
Direct answer Yes, it is highly recommended because standard homeowners insurance includes personal liability coverage that protects your assets if someone is injured on your property or you are found legally responsible for damage to others. Standard property and casualty insurance underwriting guidelines established by the National Association of Insurance Commissioners. For additional information about […]
Are insurance brokers required to act in my best interest when selling annuities?
Direct answer No, not all brokers are held to a fiduciary standard, as some are only required to meet a ‘suitability’ standard, meaning the product must be appropriate for your needs but not necessarily the most affordable or highest-performing option available. State-level department of insurance regulations concerning producer standards of conduct and suitability requirements. For […]
Does my state guarantee protection if my annuity insurance company goes bankrupt?
Direct answer Yes, most states have life and health insurance guaranty associations that provide limited coverage if an insurer becomes insolvent. However, it depends on your state’s specific statutory limits and whether your policy type is included under the association’s protection mandates. Official documentation from the National Organization of Life and Health Insurance Guaranty Associations […]
How much does general liability insurance cost for a small business?
Direct answer It depends on your industry, annual revenue, and total number of employees, but most small businesses pay between $400 and $1,500 annually for a basic policy. Average premium data provided by commercial insurance industry market reports and small business bureau analytics. For additional information about business insurance requirements and coverage, see the U.S. […]
Should I use an independent insurance agent or a captive agent for my retirement annuity?
Direct answer It depends on whether you value a wider selection of products from multiple carriers, which an independent broker provides, or the deep, singular product knowledge of a captive agent representing one specific company. Consumer protection guidelines from the National Association of Insurance Commissioners regarding agent disclosures. For additional information about state-specific agent requirements, […]
How do I check if an insurance company is financially stable enough to pay my annuity?
Direct answer You should check the company’s financial strength ratings from independent agencies like AM Best, Fitch, or Moody’s, which assess the insurer’s ability to meet long-term obligations. It depends on the specific rating scale used, but generally, an ‘A’ rating or higher indicates a strong capacity to meet policyholder requirements. Independent credit rating agency […]
Everspan Secures Exclusive Sale of Shell to Falvey
📰 Curated Industry Article This is a summary of a full article from a trusted financial publication. Click “Read Full Article” below to read the complete story. Everspan Group, a specialty property and casualty insurance platform, has entered into a definitive agreement to sell Providence Washington Insurance Company (PWIC) to Rhode Island-based Falvey Insurance Group. […]
Universal Powers to a Powerful $439M Q3 Revenue Gain
📰 Curated Industry Article This is a summary of a full article from a trusted financial publication. Click “Read Full Article” below to read the complete story. Universal Insurance Holdings recorded a 9.6% hike in total revenues to $439 million for the third quarter of 2026, up from $400 million in Q3’25, as total revenues […]
Munich Re Reveals The Ultimate Profit Growth
📰 Curated Industry Article This is a summary of a full article from a trusted financial publication. Click “Read Full Article” below to read the complete story. Global reinsurer Munich Re has reported a preliminary net profit of approximately €1.7 billion for Q3 2026, driven by a “very pleasing” operating performance across all business segments, […]
Neptune Hits A Proven Record $59.6m Revenue
📰 Curated Industry Article This is a summary of a full article from a trusted financial publication. Click “Read Full Article” below to read the complete story. Florida-based flood insurance group, Neptune Insurance Holdings Inc., the parent of Neptune Flood, reported a 34.3%, or $15.2 million year-on-year increase in revenue to a record $59.6 million […]
