Live Insurance News

Insurance Tips That Could Help You Stay on Top of Finances

April 21, 2022May 5, 2022 Guest Author

Different people deal with their own finances in different ways, and part of that is simply down to the fact that these situations are often entirely unique from one another. While there are tips that you can generally follow in order to see a better result, it’s difficult to find a piece of advice that perfectly describes your situation and gives you a clear direction out of the woods. So, you might find it more beneficial to simply focus on one aspect of your financial life and see if that…

State Farm insurance company will soon offer LightStream lending products

April 8, 2022April 7, 2022 Logan B.

Insurance company - New relationship, handshake

Through a new relationship the insurer has formed, agents will soon offer the consumer lending products. State Farm has announced that the insurance company recently entered into an agreement that will allow its agents to offer LightStream consumer lending products. This is a new offering with the Truist Bank premier online consumer lending division. Truist currently ranks as seventh largest in the United States among commercial banks. It currently serves over 15 million customers. The advantage of its LightStream is the capacity for consumers to gain solutions that complement those…

The Easiest Ways To Get LEI

April 6, 2022 Guest Author

Complicated modern financial regulation The list is long and easy to put off. LEI Worldwide gets it. You may be under pressure to disclose LEI numbers on time, or to learn that a deal has been prohibited due to an expired LEI. We’re here to help. We’ve helped hundreds of people and businesses get LEIs for their clients. We know how to issue LEIs in minutes, not days. Local Operating Units assign LEIs (LOUs). A Local Operating Unit is a GLEIF-accredited or ROC-endorsed organization (Regulatory Oversight Committee). The LOU issues…

Insurance claims spike as Russia impounds almost 800 foreign-owned jets

March 29, 2022March 28, 2022 H. Cutner

Fitch and Moody’s have predicted that the potential covered losses could reach $10 billion. Russia has passed a low transferring nearly 800 jets owned by western companies to Russian airlines in response to foreign sanctions, driving a wave of insurance claims from the firms that had been leasing them there. Leasing firms have had entire fleets taken over by Russia, losing hundreds of jets all at once. The leasing firms are expected to assert that registering the jets in Russia when they were already on the books in other territories…

Berkshire Hathaway acquires Alleghany insurance company breaking investment fast

March 23, 2022March 22, 2022 Live Insurance News

Insurance Company Acquisitions - Berkshire acquires Alleghany

The purchase agreement was struck shortly after Warren Buffett discussed the lack of investing opportunities. Berkshire Hathaway Inc. has arrived at a purchase agreement for the Alleghany Corp insurance company, only a handful of weeks after Warren Buffett had said that there weren’t any good investment opportunities. The purchase includes Alleghany insurer as well as the Transatlantic Holdings reinsurer. This acquisition of the reinsurance and insurance company will broaden Berkshire Hathaway’s portfolio in this category, which already includes the Geico auto insurer and the General Re reinsurer, in addition to…

How To Plan for Your Child’s Future With Disability

March 17, 2022 Guest Author

Any parent who has a child with a disability will tell you that parenting a child with special needs is no more difficult than parenting any other child. It’s just different. While most parents take for granted that one day their child is going to go off and find their own way in life, this is one of the key differences in raising children with disabilities. Nothing can be taken for granted. The parent must carefully plan for a future in which the parent is no longer there. Your Child…

Travel insurance companies face new challenges amid sanctions in war on Ukraine

March 10, 2022March 9, 2022 Nordstrom

Countries directly involved in the war or sanctions have “do not travel” warnings protecting insurers. Consumers have a lot of questions regarding the ins and outs of travel insurance at the moment, due to the sanctions and other issues surrounding the illegal Russian invasion on Ukraine. The war and the sanctions have changed the rules for some travelers and insurers are working to answer questions. The countries directly involved in the war in Ukraine have “do not travel” warnings which provide protection for travel insurance companies. That said, the sanctions…