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Insurance Industry News

The Tragedy in Japan

April 20, 2011

It’s impossible to not follow the heart-wrenching news from Japan and feel a sense of loss for its citizens. As insurance professionals, we often deal with people in their darkest moments, but must carry out our business in a calm and professional manner. Also, as insurance professionals we understand loss on another level, and innately [...]

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Keene, New Hampshire – A Great Place to Do Business

April 10, 2011

Southwestern New Hampshire is home to the Monadnock Region and its Economic Development Corporation is intent on developing and establishing business growth in its downtown area of Keene. The surrounding towns and villages are quiet and historic with the town of Swanzey offering postcard-perfect scenery with four of the remaining 55 covered bridges in the [...]

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NH Insurance Department Clarifies Disclosure Standards for Retained Asset Agreements

April 4, 2011

Some life insurance policies let beneficiaries receive their policy proceeds in the form of a “checkbook” which they can use to write smaller drafts over time, rather than getting a single large check from the insurer. This arrangement, known as a “retained asset agreement,” has caused controversy and confusion in some states. Some regulators have [...]

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The Makeup of a Healthy Regulatory Climate – New Hampshire Excels

March 10, 2011

Chances are good that when you think of a state’s regulatory climate, you’re imagining strict requirements and regulations. However, while that might be true for many states, New Hampshire is a notable exception to the rule. Businesses will find that the Granite State offers one of the healthiest regulatory climates in the US, but understanding [...]

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2010 Saw a Four Percent Increase in Life Insurance Sales, a 16 Percent Decrease in Term Life Premiums

February 21, 2011

According to the Life Insurance Marketing Research Association (LIMRA), a worldwide association of insurance and financial services companies, the sales of new whole life and universal life products resulted in a gain in individual life insurance sales in 2010. In their US Individual Life Insurance Sales Survey, LIMRA announced that the total annualized premiums for [...]

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New Hampshire Workforce Ranks High Nationally

January 27, 2011

For any firm considering redomestication to another area, there are several key considerations that must be taken into account. Of course, the feasibility of the move in terms of government stance on incoming businesses is the primary consideration. However, there are others of almost equal importance. One of these is the quality of the workforce [...]

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Grafton County offer many incentives for businesses looking to relocate

January 24, 2011

New Hampshire’s Grafton County Economical Development Corporation (GCEDC) is seeking businesses for relocation and offers many incentives for domestication including tax incentives and loans for start ups and small businesses. The area itself is comprised of 39 municipalities and is the second largest county in the state. New England Wire Technologies, Littleton Coin Company, and [...]

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The “Midmarket Challenge” and how insurance agents can combat it

January 21, 2011

It isn’t news – midmarket households (those earning between $35,000 and $99,999) are chronically underinsured. According to the Life Insurance Marketing Research Association (LIMRA), one in four midmarket households have no life insurance at all. But this level of under insurance isn’t due to a lack of perceived value by midmarket households. LIMRA also reports [...]

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New Hampshire Ranks as Top Redomestication Destination for Insurance Companies

January 15, 2011

For insurance companies in the life, property and casualty sectors, saving money is a significant consideration. There are numerous ways in which this can be achieved, but one growing trend is redomestication. In fact, New Hampshire actually ranks as one of the top states for redomestication, as it provides myriad perks for insurance companies. Perhaps [...]

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Looking to Redomesticate to New Hampshire? Here are 5 Twitter Accounts You Should Follow

December 27, 2010

Twitter has become an important tool for business professionals in all fields, including insurance professionals. If you’re looking to get the latest news on the New Hampshire Insurance Industry, these twitter accounts are must follows: 5. Redomesticate NH (@redomesticateNH) Twitter Profile: “News, resources, insights, and innovations for professionals in the insurance industry, initiated by the [...]

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