Learn how the insurance industry is easing its customers' financial burdens, working with government to create a COVID-19 Recovery Fund, and making sure it has the resources to pay future claims from events such as hurricanes, tornadoes, and wildfires. Insurance company employees remain on the job to continue to serve customers.
Life insurance can form a vital part of your family’s financial stability and well-being but, if you’re like most people, you may find the thought of shopping for the right type of coverage a little daunting. Fortunately, these eight simple steps can guide you along the way.
This presentation on the impact of COVID-19 on the property/casualty insurance industry given by Triple-I CEO Sean Kevelighan and Senior Economist Michel Leonard highlights the industry’s financial strength and noted that insurers providing workers compensation coverage to hospitals, first responders and law enforcement face the highest exposure to COVID-19 related claims.
WEATHER DERIVATIVE- An insurance or securities product used as a hedge by energy-related businesses and others whose sales tend to fluctuate depending on the weather.
PENSIONS- Programs to provide employees with retirement income after they meet minimum age and service requirements. Life insurers hold some of these funds. Since the 1970s responsibility for funding retirement has increasingly shifted from employers (defined benefit plans that promise workers a specific retirement income) to employees (defined contribution plans financed by employees that may or may not be matched by employer contributions). (See Defined benefit plan, Defined contribution plan )See Full Glossary
For immediate release New York Press Office: (917) 923-8245; email@example.com NEW YORK, April 3, 2020—U.S. Read More
For immediate release New York Press Office: (917) 923-8245; firstname.lastname@example.org New York, April 2, 2020—An above-normal level of tropical cyclone activity is projected for the 2020 Atlantic hurricane season, according to a forecast released today by the Tropical Meteorology Project… Read More