COVID-19 An ‘Uninsurable’ Event, P&C Trade Exec Says
Many businesses had hopes their commercial business interruption insurance would reimburse them for COVID-19 losses. But this insurance generally contains exclusions for war, flood and pandemics. Some state lawmakers are trying to apply retroactive coverage to those policies.Read more
Hot off the wires
COVID-19 Crisis
6 Compliance Risks Annuity Sellers Face In COVID Times
Market downturns can create annuity sales opportunities, but agents and advisors need to be taking steps to protect and prepare themselves because history will look back on how advisors and the industry conducted business during the crisis.
- COVID-19: Florida Gov. DeSantis Looks To Fix Troubled Unemployment System
- Stocks Skid Worldwide As Coronavirus Infections Keep Soaring
- Industry Groups Urge States To Temporarily Ease Licensing Requirements
- Why Business Interruption Insurance Is A Lifeline For Companies
- Technology, Environment Crucial To Successful Virtual Practice
- Has US Response To Coronavirus Been Adequate?
- Americans For Financial Reform: More Needed To Protect People From COVID-19
Washington Wire
No Depression Expected For US Economy, But A Recession Is Likely
With so much uncertainty surrounding the COVID-19 crisis, it is difficult to predict how the economy will fair for the remainder of the year. Many economists have been looking for a drop in real gross domestic product- the monetary value of all final goods and services produced- to the tune of 14% to 40% on an annualized basis in the second quarter.
- COVID-19 Rocks U.S. Economy; 10M Americans Lose Jobs In Two Weeks
- Coronavirus: Stocks Mostly Rise Despite Historical Jobless Claims
Annuity News
6 Compliance Risks Annuity Sellers Face In COVID Times
Market downturns can create annuity sales opportunities, but agents and advisors need to be taking steps to protect and prepare themselves because history will look back on how advisors and the industry conducted business during the crisis.
INN Exclusives
Life Insurance Offers Clients Protection In Tough Times
When we think of life insurance, often the first thing that comes to mind is protection. That protection extends to both good and bad markets – and not just death benefits, but living benefits, too. Given the recent headlines, here are some talking points you can share with clients.
INN Insider
Some Companies Are Cutting 401(k) Matches Because Of The Coronavirus
The Marriott International retirement savings plan matching contribution for 2019, initially planned for March 10, has been delayed to September 2020, according to a spokesman. “We are getting more inquiries from plan sponsors about what their options are,” according to Jerry Patterson, senior vice president of retirement and income solutions at Principal…
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Annuity News
6 Compliance Risks Annuity Sellers Face In COVID Times
- Annuities Help Clients Shed Their Risk Fears
- Jackson Partners With LifeYield For Tax-Efficient Annuities
- Pacific Life Launches Advisory Annuities Through DPL Financial Partners
- Matching money mindset with fixed index annuity (FIA) benefits
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