The Big I And PIANY File Lawsuit Against New York Best-Interest Reg
The Big I and the Professional Insurance Agents of New York filed a lawsuit today asking a New York court to throw out the best-interest regulation approved by state officials this summer. The new standard is "extremely troubling," plaintiffs said in a press release.Read more
Hot off the wires
From INN Magazine
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Washington Wire
Econometer: Will A Divided Congress Affect The Economy?
Nov. 16– Democrats took control of the House last week, creating a divided U.S. Congress. Question: Will divided control of Congress affect the economy? The midterm elections were not a slam dunk or “wave” for either party as Democrats barely managed to flip the House and Republicans slightly added to their already slight majority in the Senate.
Annuity News
The Big I And PIANY File Lawsuit Against New York Best-Interest Reg
The Big I and the Professional Insurance Agents of New York filed a lawsuit today asking a New York court to throw out the best-interest regulation approved by state officials this summer. The new standard is “extremely troubling,” plaintiffs said in a press release.
INN Exclusives
NAIC Working Group Settles On Policy Summary Concept
A National Association of Insurance Commissioners working group wants to “enhance consumer understanding” with a proposed two-page summary to accompany life insurance illustrations. The group is making slow progress on the proposal, with a few issues remaining to work out.
INN Insider
The Finance 202: Elizabeth Warren: Regulators Are Ignoring A Major Economic Threat
Elizabeth Warren is sounding the alarm about a danger she says could set off another financial crisis if regulators don’t police it.. “I’m not sure that I see much distinction between what you’re doing now and the Fed was doing pre-2008, and I think that’s deeply worrisome,” Warren told Randal Quarles, the Federal Reserve’s vice chairman for supervision, at a Senate…
Health/Employee Benefits
Health Care Reform Moves To The States
- LTCi Liquidation Decision Could Undermine The Insurance Industry, ACLI Says
- Vanguard Partners With HealthEquity To Offer Health Savings Accounts To 401(k) Participants
- Four In 10 Workers Say Living Past 85 Would Be A Financial ‘Hardship’
