New SEC Risk Alert Warns of T+1 Transition
LifeInsurance Orleans Blog
by awbfinancial4
1d ago
Shortening the standard settlement cycle will affect market participants, such as broker-dealers, clearing agencies, including those that are central matching services providers, and RIAs, by requiring changes to their business practices, computer systems, and technology solutions, the alert explains. T+1 could also affect how registrants and other market participants comply with other existing regulatory obligations. The agency’s Division of Examinations said it will continue to review whether and how registrants have evaluated the potential impact of the final rules on ..read more
Visit website
HSB Introduces Cyber Insurance for Autos
LifeInsurance Orleans Blog
by awbfinancial4
1d ago
Cyber for Auto covers the owners of personal vehicles Designed for cyber threats on the road Covers cyber-attacks, ransomware, and identity theft Safeguards data stored in cars and connected apps Hartford, CT (Mar. 26, 2024) – With millions of connected vehicles on U.S. roads, personal cars and trucks will likely be the next big target for hackers and cyber thieves. Specialty insurer HSB is helping consumers respond with Cyber for Auto, a new coverage that will be available for cyber-attacks, the company has announced. HSB’s unique proposed coverage helps safeguard private information that i ..read more
Visit website
Accuweather Predicts Above-Average 2024 Atlantic Hurricane Season
LifeInsurance Orleans Blog
by awbfinancial4
1d ago
Article 1 Comment Accuweather meteorologists are predicting an above-average Atlantic hurricane season with as many as 20-25 named storms. The 2024 hurricane season is forecast to feature 8-12 hurricanes including 4-7 major hurricanes. This year has the potential to break the all-time record of 30 named storms in one season, Accuweather experts say. Texas, Florida Panhandle, South Florida & Carolinas face heightened risk of named storms. “All indications are pointing toward a very active and potentially explosive Atlantic hurricane season in 2024,” said Accuweather lead hurricane fore ..read more
Visit website
Houston to Sell $1.1 Billion Bonds for Firefighter Settlement
LifeInsurance Orleans Blog
by awbfinancial4
2d ago
Article 0 Comments Houston plans to sell more than $1 billion in bonds to settle a firefighters’ pay dispute and the city’s chief financial officer is warning it will swell the annual budget shortfall by as much as 75%. The fourth-largest US city will need to sell so-called judgment bonds to cover a settlement that Mayor John Whitmire struck with the firefighters’ union earlier this month, City Controller Chris Hollins told reporters Tuesday. Over the 25- or 30-year life of that obligation, annual interest payments probably will amount to roughly $40 million, he said. City officials have e ..read more
Visit website
Deducting Medicare Premiums
LifeInsurance Orleans Blog
by awbfinancial4
2d ago
What You Need to Know Most clients can deduct the premiums only if they can itemize their medical expenses. The threshold is 7.5% of adjusted gross income. Self-employed clients can do more. As tax season approaches, Medicare beneficiaries often think about how their health care costs will affect their tax returns. Sarah and Tony are examples of Medicare beneficiaries who have two fairly common situations. Sarah is a beneficiary over 65 who has stopped working for pay and has diabetes. Tony, Sarah’s neighbor, is a beneficiary over 65 who’s self-employed as a graphic designer. The Question ..read more
Visit website
Agero Expands Deployment of Crash Response Technology Following Significant Growth in 2023
LifeInsurance Orleans Blog
by awbfinancial4
2d ago
Agero’s volume of calls initiated through Crash Response has grown 475% since its first-year launch, with 44% year-over-year growth in 2023 Troy, MI (Mar. 19, 2024) – Agero, the leading white-label provider of digital driver assistance services and software for the majority of automotive and auto insurance brands, is pleased to announce the expanded deployment of its Crash Response technology after experiencing record growth in 2023. The expansion enables Agero to roll out its critically important Crash Response offering, which immediately works with emergency services to dispatch support afte ..read more
Visit website
Three Important Macro Trends Shaping Risk
LifeInsurance Orleans Blog
by awbfinancial4
3d ago
Iryna Lozynska, Product Innovation Strategist, HSB Canada — Iryna Lozynska, Product Innovation Strategist New Solutions, helps us understand three emerging risks facing businesses and consumers, walking us through the most important macro trends she feels have implications for the risk landscape and insurance industry. 1.    Hiring and employment regulation is becoming more complex Businesses and organizations need to constantly keep pace with labour laws. At the provincial level, proposed regulations will directly impact employment practices. For example, Ontario’s Bill 149 will pro ..read more
Visit website
Everything to Know About RMD Planning for 2024
LifeInsurance Orleans Blog
by awbfinancial4
3d ago
What You Need to Know The age for required minimum distributions to commence remains at 73 for 2024. Planning should include strategy for this tax year and for future years as applicable. In some cases it might pay to transfer assets from other plans such as old 401(k)s or individual retirement accounts. Many advisors are already in the midst of planning for clients for 2024 and in some cases beyond. A key part of planning is required minimum distributions for both 2024 and years ahead. Here are some issues to consider for clients who are affected by RMDs. RMD-Related Changes Under Secure ..read more
Visit website
Plummer Acquires Nebraska’s Classic One
LifeInsurance Orleans Blog
by awbfinancial4
3d ago
Article 0 Comments Plummer Insurance, Inc. announced the acquisition of Classic One Insurance from Riverstone Bank, effective March 15, 2024. Plummer Insurance was established in 1984 by Steve and Helen Plummer. The agency currently has nine locations in Western Nebraska and Eastern Colorado and offers multiple insurance products, including home, auto, farm, life, health, crop, bonds, business/commercial, truck, and specialty insurance, by several insurance companies. Topics Mergers & Acquisitions Was this article valuable? Thank you! Please tell us what we can do to improve this ..read more
Visit website
Virginia Still Battling Shenandoah Valley Wildfires
LifeInsurance Orleans Blog
by awbfinancial4
4d ago
Article 0 Comments Crews who have been battling still-burning wildfires in Virginia’s Shenandoah Valley this week have gotten an assist from rain and from the state government, which has deployed new resources to the area, officials said Saturday. “Without a doubt the rain is helping” said Cory Swift, a spokesperson for the Virginia Department of Forestry, who added the agency had no reports of injuries or fatalities connected with the fires, which sprang up mid-week amid gusty winds and low relative humidity. The fires led to trail shutdowns in the Shenandoah National Park, a smattering ..read more
Visit website

Follow LifeInsurance Orleans Blog on FeedSpot

Continue with Google
Continue with Apple
OR