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

Tuesday’s vote fell along partisan lines with the FTC’s three Democrats in favor and the agency’s Republicans opposed. Melissa Holyoak, the former solicitor general of Utah who joined the agency last month, said she was opposed to the rule because there was “no clear congressional authorization” for the FTC to issue it. Republican Andrew Ferguson also voted against the rule, saying he was sympathetic to the policy in the rule but doesn’t believe courts will uphold the FTC’s rulemaking authority. “The administrative state cannot legislate because Congress declines to do so,” Ferguson said. In ..read more

Budget 2024: Canada’s first national flood insurance program to be launched in partnership with property and casualty insurers Winnipeg, MB (Apr. 16, 2024) – In today’s federal budget, the government took another step forward to partner with the country’s property and casualty (P&C) insurers to continue developing Canada’s first low-cost national flood insurance program for households at high-risk of flooding. In response, Celyeste Power, President and CEO, Insurance Bureau of Canada (IBC), issued the following statement: “Today’s commitment by the federal government will help ensure tha ..read more

Article 0 Comments Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based broker, announced the acquisition of Australia’s Prasidium Credit Insurance. Terms of the transaction were not disclosed. North Sydney-based Prasidium is a specialist trade credit insurance broker serving clients throughout Australia. Mark Smith, Stuart Prendergast, Mark Browning, Paul Daniele and their team will join Gallagher offices across Australia under the direction of Sarah Lyons, head of retail property/casualty brokerage operations for Gallagher in Australia and Asia. “Prasidium has a strong rec ..read more

It sounds like a surefire, slam-dunk trade for stock investors playing defense: ETFs that will bet on equity markets without — the pitch says — going down. Calamos Investments filed Monday for so-called “structured-protection” exchange-traded funds that will track a portion of the returns of the S&P 500, Nasdaq 100 and Russell 2000 while hedging 100% of the downside via the options market, according to a Monday filing. The first fund launching within the suite is the Calamos S&P 500 Structured Alt Protection ETF, which aims to match the price return of the SPDR S&P 500 ETF Trust ..read more

Deloitte and Intel are teaming to deliver AI-driven transformation, utilizing next-gen hardware and software for machine learning, deep learning and Generative AI Toronto, ON (Apr. 16, 2024) – Deloitte and Intel are pleased to announce a major expansion of their alliance to help enterprises around the world deploy their AI solutions cost efficiently with the latest hardware and software optimizations. These new offerings address the growing needs as the marketplace evolves from experimenting with AI to scaling implementations for distinct use cases that deliver real value. This collaboration c ..read more

Article 0 Comments Although it may have seemed like drivers had thrown in the towel on trying to find cheaper auto insurance prices late last year, a new study of consumer behavior finds they’re back to shopping around. In addition, when they decide to switch carriers, Progressive is the big winner among the top auto writers. The latest loyalty indicator and shopping trends (LIST) report from J.D. Power, conducted in collaboration with TransUnion, shows the shopping rate (or quote rate) for March 2024 came in at 13.5 percent—marking the highest rate for a single month since September 2020 ..read more