America's retirement crisis is happening, and it's going to affect everyone
I’ve got some good news and some bad news:The good news is that you can likely expect to live a much longer life than scientists thought possible just a few years ago. The bad news is that you’re going...
View ArticleWhy golfers buy hole-in-one insurance
The goal of insurance is usually to protect us from life’s least happy circumstances: the loss of a family’s primary breadwinner, the theft of one’s car, the onset of an illness requiring expensive...
View ArticleBrexit is threatening to sink London's insurance market
Insurance market Lloyd’s of London may shift some of its business from the UK if it loses single-market access after Brexit, its chairman has warned.John Nelson said that London's position as a global...
View ArticleThe government is trying to figure out how to stop people from cheating...
The government is trying to make some changes to the Affordable Care Act, also known as Obamacare, to try to weed out those gaming the system.In a release Tuesday, the Centers for Medicare and Medicaid...
View ArticleTroubled startup Zenefits has settled with five more states for allegedly...
As CEO David Sacks continues to pull his troubled startup, Zenefits, out of its nose dive, the company is making progress putting its legal woes behind it. The company said on Tuesday that it reached...
View ArticleA 93-year-old drug that can cost more than a mortgage payment tells us...
Insulin has been around since 1923, so it came as a surprise in July 2015 when Cole LePere's doctor told his mother, Janine, to prepare to pay a lot at the pharmacy for it.Cole, who was 10, had just...
View ArticleTHE INSURTECH REPORT: How financial technology firms are helping — and...
The global insurance industry is worth nearly $5 trillion, and insurance companies are at risk of losing a share of this valuable market to new entrants. That's because these legacy players have been...
View ArticleGerman insurance giant Allianz invests in online wealth manager MoneyFarm
Allianz has taken an undisclosed minority stake in Italian digital wealth manager MoneyFarm as it seeks to keep track of the fintech sector.MoneyFarm, founded in Milan in 2011, gives people access to...
View ArticleInsurance stocks are getting hammered ahead of Hurricane Matthew (UVE, HRTG,...
Shares of a variety of publicly-traded property and causality companies are taking it on the chin on Thursday as Hurricane Matthew bears down on the Florida, Georgia, and South Carolina coasts.The...
View ArticleInsurance stocks are surging as Hurricane Matthew bears down on Florida...
Shares of insurance companies that are exposed to Florida are rallying on Friday, as Hurricane Matthew has yet to make landfall.The stocks declined on Thursday as the storm headed toward the...
View ArticleHow Lemonade's founders raised a massive seed round just by talking
Three weeks ago, a highly-watched insurance startup called Lemonade opened for business in its first state, New York.Its goal is to upend the property insurance industry with something it calls...
View ArticleThis is how bad the insurance claims for Hurricane Matthew could be
While the impact of Hurricane Matthew on the U.S. ended up being less severe than meteorologists had anticipated, the storm still caused up to $6 billion worth of damages.About 90 percent of those...
View ArticleBritain's government has abandoned a major plan that would allow pensioners...
The government has scrapped landmark plans to let pensioners sell their annuities to insurance firms.An annuity is a common element of a workplace pension. It is a financial product that people buy at...
View ArticleHow your tweets could end up costing you money
I recently came across a Reuters article titled "In insurance Big Data could lower rates for optimistic tweeters." The title employs a common marketing rule. Frame bad news as good news. Instead of...
View ArticleHere's what the CEO of Cigna does to stay in shape when he can't get to the...
Cigna CEO David Cordani works out every day. "An average day for me is an hour workout in the morning before I start my day — no matter where I am in the world — to get that not just physical activity...
View ArticleWhy Cigna's CEO is going all-in on the annual check-up — even if the science...
David Cordani, the CEO of insurance giant Cigna, wants you to go to your doctor. Cigna has begun a cross-country, 10-city tour to persuade people to do this. It includes a TV ad starring actors who...
View ArticleFacebook has blocked a car insurance company's plan to analyse customers'...
Facebook is blocking UK insurance company Admiral's plan to examine potential customers' Facebook posts to determine the cost of their car insurance.The UK insurance company had planned to take into...
View ArticleA financial planner reveals the most common money mistake 30-somethings make
Your 30s are typically a decade chock-full of major life changes, from getting married to starting a family.But with these transformative events comes added responsibility, marking one of the biggest...
View Article8 ways to save $1,000 in one month
A few years ago, I needed to come up with about $1,000 quickly. I moved into a new house that had a perfect spot for a flat screen TV — but I didn't have a flat screen TV.I made a deal with myself that...
View ArticleChina's first online insurer has opened a new tech company
This story was delivered to BI Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here.ZhongAn, China's first online insurer, which is jointly owned by tech giants...
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