DOL unrepentant after fiduciary rule plaintiffs prevail on injunction
INSURANCENEWSNET MAGAZINE
In this issue..
- When advising young investors, it’s all about ‘cutting through the noise’
- Shooting for the stars — with AuguStar Retirement’s Clifford Jack
- Playing the long game — With athlete-turned-advisor Ronnie Kaymore
- Financial services for the next gen
- Should you recommend a CLAT or a reversionary CLAT in wealth planning?
SPECIAL FEATURE
Shooting for the stars — with AuguStar Retirement’s Clifford Jack
Less than 18 months after taking the helm of AuguStar Reitrement, President and CEO Clifford Jack touts the firm’s success … as .. Read More
From The Field
How affluent individuals and families use PPLI for legacy planning
Private placement life insurance has emerged as a strategic tool for affluent individuals and families.
How Medicare drug price negotiations could impact your clients
Not all Medicare Part D beneficiaries will benefit equally from drug price negotiations.
CrowdStrike: What to tell clients when a cyber event affects them
The CrowdStrike cyber event is another example of how clients depend on their advisors for calm and reason.
LIFE INSURANCE NEWS
KBRA Comments on the Announced Sale of Janney Montgomery Scott from Penn Mutual to KKR
KBRA comments that subsequent to the recently announced sale of Janney Montgomery Scott from Penn Mutual to KKR, the AA insurance financial strength ratings of Penn Mutual Life Insurance Company, Penn Insurance and Annuity Company, Penn Insurance and Annuity Company of NY and Vantis Life Insurance Company, and the A+ rating on the company’ s surplus notes,…
- 2Q 2024 Financial Supplement
- Principal Announces Second Quarter 2024 Results
- AM Best Affirms Credit Ratings of Teachers Insurance and Annuity Association of America and Its Subsidiary
- U-Haul Holding Company Schedules First Quarter Fiscal 2025 Financial Results Release and Investor Webcast
- AM Best Affirms Credit Ratings of Guardian Life Insurance Company of America and Its Subsidiaries
ADVISOR NEWS
Half of Americans over 50 pushing back on retirement
Just over half (51%) of pre-retirees over 50 and retired Americans are considering delaying or coming out of retirement, according to a new survey from F&G.
Annuity News
Annuity sales set another record in first half of 2024
Total annuity sales hit a whopping $215.2 billion in the first half of 2024, a 19% jump from prior year results, according to pr.. Read More
Fiduciary
Texas judge weighs ‘party restrictive’ injunction to halt DOL fiduciary rule
A Texas judge could decide this week on a preliminary injunction request to freeze the Department of Labor's latest fiduciary ru.. Read More
Insurance & Financial Fraud
Iowa insurance commissioner to control companies on behalf of defrauded investors
Iowa Insurance Commissioner Doug Ommen was appointed the receiver of Beckstone Partners, LLC (Beckstone), DesFined, LLC (DesFine.. Read More
Iowa insurance agent sentenced to 18.5 years in prison for defrauding seniors
Zachary James Flaherty, 48, of Clive, Iowa, was sentenced on June 12 to 222 months (18.5 years) in prison after... Read More
‘We’ll continue to fight’: Greg Lindberg attorney says bribery case isn’t over
An attorney for embattled financier Greg Lindberg hinted at an appeal two days after his client was convicted for a second time .. Read More
Crash unlikely to deal major economic blow but is reminder of broader risks
Shares of CrowdStrike, the cybersecurity firm at the middle of the meltdown, took a particularly big hit, falling by more than 1.. Read More
In realignment of Silicon Valley, some tech titans are going all-in for Trump
SAN FRANCISCO- A wave of Silicon Valley leaders has publicly lined up behind Donald Trump since Saturday's assassination at.. Read More
Federal reserve Retired 'hawk' eyes rate cuts
Loretta Mester, having worked in the Federal Reserve system her entire career, rose to become president of the Cleveland Fed for.. Read More
Property and Casualty News
Hurricane season could top last year’s $100B damage costs, experts say
The hurricane season this year might exceed the $100 billion in property damage from hurricanes in 2023, experts say. Read More
Health/Employee Benefits News
Federal court blocks Medicare Advantage compensation rule
The U.S. District Court for the Northern District of Texas issued a stay earlier this month preventing the Centers for Medicare .. Read More
Health insurers likely to feel impact of SCOTUS Chevron ruling
Health insurers and the broader health care industry brace for impact from the recent landmark SCOTUS Chevron deference doctrine.. Read More
What’s influencing the employee benefits landscape?
A changing workplace, economic factors and an expanded array of options are among the issues influencing the employee benefits l.. Read More