One woman and her boyfriend showed what lengths they would travel to secure over $1 million.
Per TMZ, a Slovenian woman named Julija Adlesic and her boyfriend strung together a plan to collect the multiple insurance policies that they had taken out on her. The couple reportedly had at least five insurance policies on the woman that totaled around $1.16 million.
Even when a suicidal person holds a life insurance policy, the undoubtedly twisting decision to end one’s life offers no easy financial answers to care for those we love. Insurers pay out in some instances, but some contractual disqualifiers exclude a death benefit paid to policy beneficiaries.
When does life insurance cover suicide?
After the contestability and suicide clauses in an individual’s life insurance policy expire, life
The company’s Chairman Bruce Carnegie-Brown told CNBC on Thursday that Lloyd’s’, whose results are an aggregate of more than 90 syndicate members, expects to pay around £5 billion in coronavirus-related claims over the course of the year.
Insurers around the world have been hammered by the pandemic, with Lloyd’s estimating earlier this year that non-life insurers would face a global bill of more than $100 billion in payouts for disruption to travel, business, events, trade and more.
The interior of Lloyd’s of London, the centuries-old insurance market, is pictured in central London on April 27, 2016.
Leon Neal | AFP | Getty Images
Insurance marketplace Lloyd’s of London posted a first-half pre-tax loss of £400 million ($520.08 million) on Thursday, on the back of £2.4 billion in coronavirus-related payouts so far this year.
Experts have been telling us for many years that a worldwide pandemic was long overdue. But when the ball dropped on New Year’s Eve 2019, right around the time the world was hearing the first rumblings about a cluster of suspicious cases of pneumonia in Wuhan, China, did any of us think: “This is it! This is the year!” Probably not.
Still, while COVID-19’s speed and efficacy in spreading
Insights From the Field: The Impact of COVID-19 on Insurance Companies
“Despite the difficulties, most insurers shared that they would retain an appetite for agriculture insurance”
HARARE, (Global Index Insurance Facility) – To understand the impact of COVID-19 on agriculture insurance operations, GIIF conducted a survey with 11 of its implementing partners in Sub-Saharan Africa and
ZEP-RE (PTA Reinsurance Company) was created under the auspices of the then Preferential Trade Area (the precursor to COMESA).
The Company was to promote the trade in insurance and reinsurance trade through creation of capacity, training of the region’s insurance personnel, provision of technical services and the re-investment of premium funds within the region. When the Preferential
Digitalising customer engagement vital for retail insurance growth
HARARE, One of the realities of the current COVID-19 pandemic is the fact that it has made people realise the importance of having adequate life, disability, and funeral cover in place. And with clients considered the most disruptive force in the insurance industry, insurers would do well to ensure they provide innovative retail products