What You Need to Know A veteran advisor asked ChatGPT to emulate a financial advisor. The AI program gave a pretty good answer. Part of the advice: The users should talk to someone like you. With it being an election year, many clients want to know how markets will react. I decided to give a question about the elections to ChatGPT, a popular artificial intelligence program, to see what type of advice it would provide consumers. ChatGPT was prompted to act as a financial advisor and to provide a response geared toward consumers. Here’s what happened. The Conversation The question: How do m ..read more

Transaction positions Chubb to expand in niche market with substantial growth potential New York, NY (Apr. 22, 2024) – Chubb is pleased to announce a definitive agreement to acquire Healthy Paws, a U.S.-based managing general agent (MGA) specializing in pet insurance, from Aon plc (NYSE: AON), a leading global professional services firm. The transaction positions Chubb to expand in a niche market with substantial growth potential. Financial terms of the deal, which is expected to close in the second quarter, were not disclosed. “We are delighted to welcome Healthy Paws to the Chubb family,” sa ..read more

Article 0 Comments Texas-headquartered Higginbotham, one of the largest independent insurance and benefits firms, has added Adams Benefits of Boca Raton, Florida, to its team, the company said in a news release. The move marks an expansion into south Florida for Higginbotham, which already had acquired agencies in central Florida. Adams Benefits has been in operation since 1975, advising south Florida businesses on HR and regulatory compliance. Blair Adams III is president and Meaghan Haines is vice president. Higginbotham, based in Fort Worth, is an employee-owned firm established in 1948 ..read more

Article 0 Comments JEFFERSON CITY, Mo. (AP) — The manufacturer of a popular weedkiller won support Wednesday from the Missouri House for a proposal that could shield it from costly lawsuits alleging it failed to warn customers its product could cause cancer. The House vote marked an important but incremental victory for chemical giant Bayer, which acquired an avalanche of legal claims involving the weedkiller Roundup when it bought the product’s original St. Louis-area-based producer, Monsanto. The legislation now heads to the Missouri Senate with several weeks remaining in the annual leg ..read more

What You Need to Know Clients fill the nest eggs. Later, they tap the nest eggs. Making the yolk last takes work. If you are very new to financial services, retirement planning may seem like a mysterious snooze-fest. You may be young. Your parents may still be young. You may think of retirement as a matter of turning 65 and suddenly being able to use Social Security to retire to a house in Florida. Bu having a comfortable retirement is harder than it may look, and understanding the three stages of retirement planning is the key to ensuring that your clients sip piña coladas on the beach i ..read more

ildings and other structures with ICEYE’s unique flood extent and depth analysis to enable rapid, fact-based decision-making Helsinki, Finland (Apr. 25, 2024) – ICEYE, a global leader in satellite-powered disaster management solutions, is pleased to announce a new data collaboration with Juniper Re, LLC, the dynamic reinsurance broking arm and indirect subsidiary of BRP Group, Inc. Juniper Re will leverage ICEYE’s Flood and Wildfire Insights data to support their carrier clients by accessing near real-time observed data on large-scale events to determine the impact within hours and support dat ..read more

Article 0 Comments Susan Morisato Susan Morisato has joined Sentry’s Board of Directors. Sentry is headquartered in Steven’s Point, Wisconsin. Morisato, based in Des Plaines, Illinois, brings over 30 years of health insurance experience to Sentry’s board. She is a former president of insurance solutions at UnitedHealth Care Medicare & Retirement. Morisato also served as chief operating officer of UHC’s Medicare Advantage business. Before UHC, she worked at Bankers Life and Casualty in various management roles. Was this article valuable? Thank you! Please tell us what we can do to im ..read more

Benefit programs for elderly Americans are one of voters’ top priorities in November — only the economy, immigration, abortion and protecting democracy were chosen more often when respondents were asked what single issue was most important to their voting decision. The poll also found that swing state voters trust Biden more than Republican presumptive nominee Donald Trump to preserve Social Security and Medicare, with 45% trusting Biden and 39% trusting Trump. Trump has not articulated a clear vision for the benefit programs. His campaign website says he will “always protect” Social Se ..read more

Arlington, VA (Apr. 9, 2024) – WTW, a leading global advisory, broking, and solutions company, is pleased to announce the launch of Engage Coach AI, a generative AI assistant that guides effective manager action. The new AI feature of the company’s employee listening platform, Engage, helps leaders and managers improve employee experience and business performance. Engage Coach AI offers advice and insights related to a manager’s survey findings. In addition to AI-generated recommendations, managers can access the platform’s curated library of content from WTW experts, including videos, book su ..read more

Article 0 Comments Standard Chartered Plc is facing about £1.5 billion ($1.9 billion) worth of investor claims at a London trial over allegations it systematically breached Iranian sanctions to win new business. A London judge ruled on Friday [April 19] that the trial, that will also probe accusations of bribery, should be split into two parts with the first scheduled for October 2026. The bank was sued by hundreds of investors over the claims of widespread misconduct, which has so far cost the bank more than $1.7 billion in penalties. The lender is facing the claim after it told watchdog ..read more