Live Insurance News

Independent Insurance Agent Brian Greenberg Selected for Million Dollar Roundtable

April 3, 2013April 21, 2014 Guest Author

Insurance News: Unobtrusive business model led to success! PHOENIX, Arizona – Million Dollar Roundtable, the premier association for professionals in the financial and insurance field, has selected Phoenix-based life insurance agent Brian Greenberg to be a 2013 member. Only the top 1 percent of agents qualify for membership, which is based on sales volume and commissions. The organization also has a strict code of ethics. Greenberg’s company, True Blue Life Insurance, began in an unusual way. He started his career working as a traditional agent for MetLife, setting up appointments…

Life insurance carriers reach out through social media

January 8, 2013January 9, 2013 Nordstrom

Some topics do not carry over well into the social media and social networking websites that dominate the internet, which is why companies that sell life insurance are finding new ways to approach something that often reminds people of death and tragedy. A delicate subject There are some things people do not want to talk about with friends and acquaintances and do not want to think about on a daily basis. One of these things is death. Life insurance deals with that subject and those that sell it are looking…

Jobs in the insurance industry are slowly climbing

January 15, 2012May 5, 2013

According to data released by the U.S. Bureau of Labor Statistics (BLS), following a small decline in jobs in November 2011, there was an overall increase of 3.3 percent in the insurance industry in December, as 3,300 new jobs were added in the last month of the year. The report released by the BLS states that in November, there was a decrease by 100 jobs in the industry, which was linked – for the most part – to health (falling to 420,700 in a drop of -0.8 percent); property/casualty (falling…

Forecasts for the 2012 life insurance marketplace

December 17, 2011 Nordstrom

Now that 2011 is coming to a close, life insurers are looking ahead to the new year to try to find out what they can expect from their near future. Though this process is a very cloudy one, as it is impossible to make precise forecasts about the way this market segment will perform, it is still important to try to get an image of what the future may hold. Among the more common predictions are the following: • A larger number of consumers will be starting to think about…

Insurance industry sheds jobs in some sectors while adding to others, according to III report

December 8, 2011May 7, 2013

The Insurance Information Institute (III) has released a new report drawing upon data from the U.S. Department of Labor. The report touches upon the volatility seen in the property/casualty insurance business in October of this year. According to the report, the property/casualty sector performed poorly in terms of employment while other sectors saw promising growth. Overall, the report highlights the turbulent year the insurance industry has faced as a whole and suggests that the trend can continue throughout next year depending on the economic climate. The III notes that 900…

Americans have a lack of trust for insurance agents, leading them to purchase less coverage

August 28, 2011August 28, 2011 Marc

Insurance plays a vital part in protecting people against accidents, catastrophes, and illnesses to make sure that they and their families do not suffer tremendous financial hardships should any of those circumstances occur. However, many are hesitant to obtain policies because they feel that they cannot trust an agent or insurer. In the United States, the number of individual life policies that are purchased every year has fallen by 45 percent over the last quarter century, even though the number of households that include children has risen by more than…

Conseco Life rate increase shot down

January 31, 2011May 9, 2021 S.Vagus

A federal court judge in California has rebuked Conseco Life Insurance Co., ruling against them in a class action suit. The ruling will prohibit the insurer from tripling its rates on nearly 50,000 life insurance policies sold in the late 80’s into the mid 90’s. The decision was made on Wednesday. The case began in 2002, when the Indiana Department of Insurance voiced their worry about the insurers’ ability to manage itself appropriately. Conseco filed for Chapter 11 bankruptcy protection that year after it failed to acquire a competing insurance…