Life insurance policies held within irrevocable life insurance trusts (ILITs) are facing new challenges and opportunities due to shifts in the tax landscape. As current tax laws continue to evolve, the landscape for estate tax planning becomes more complex, making it imperative for policyholders
The landscape of event insurance is undergoing significant shifts as organizers continue to grapple with an array of challenges and complexities. Event insurance costs have surged due to increasing security threats, new legislative requirements, and climate change impacts. This scenario presents a
In recent years, the life insurance industry has experienced a wave of innovation, particularly in integrating emerging digital assets like cryptocurrencies into traditional frameworks. Pioneering this transformation are companies like the Geneva Insurance Group, which have strategically harnessed
As the frequency and intensity of extreme weather events continue to escalate, the insurance industry faces a transformative period marked by increased volatility and risk. This shift necessitates significant adaptations within traditional operational frameworks, emphasizing the crucial role of
The insidious nature of "crash for cash" scams has become an alarming concern as these fraudulent schemes evolve over time. Originating in London a few years ago, these scams initially involved orchestrated vehicular accidents, primarily with moped riders, aiming to claim compensation for damages
In recent years, global financial markets have witnessed increased scrutiny of various sectors for potential systemic risks, with the insurance industry under particular observation. Bermuda's long-term (re)insurance sector, a significant player on the global stage, has been the subject of a report
