December 17, 2024 SEC panel reviews mandatory arbitration clause in investment advisory agreements RIAs were the focus of a recent SEC Investor Advisory Committee meeting over mandatory arbitration provisions.
December 16, 2024 Ohio, Oklahoma push back on ESG investing The pushback against ESG investing continues as two more states took action to quash progressive factors in financial decision-making.
December 11, 2024 Health insurers enhance security following UnitedHealthcare CEO shooting The New York shooting that targeted a UnitedHealthcare executive has spurred health insurance companies to ramp up security procedures.
December 6, 2024 LIMRA: Annuity sales on track to set new record in 2024 Total annuity sales increased 23% to $331.2 billion in the first nine months of the 2024, on pace for another record-breaking year.
December 3, 2024 Financial sector under new Trump administration taking shape The Trump administration’s plans for the financial services sector are taking shape key appointments are being announced.
December 2, 2024 Grappling with the underwriting talent crisis The insurance industry is at a crossroads, facing a talent crisis fueled by demographic shifts and technology.
December 1, 2024 What’s next for retirement income security? Insurers argue that the fiduciary rule limits choices for retirees and might make it more difficult to sell annuities and other retirement planning insurance products.
November 20, 2024 Lindberg request for residential detention hit by prosecutors Prosecutors push back on a request by convicted fraudster Greg Lindberg to serve time in a halfway house near his home.
November 13, 2024 Independent agents have high insurer satisfaction despite market challenges, study finds Despite one of the most challenging markets in history, independent insurance agents are more satisfied than ever with insurers.
November 7, 2024 Genworth reports strong Q3 performance, CareScout advancement Genworth Financial reported a strong performance in Q3 2024, and the advancement of its CareScout Quality Network.
November 6, 2024 AIG reports strong Q3 despite challenging market conditions AIG achieved strong Q3 growth in underwriting profitability and delivered consistent capital returns to shareholders, the company reported.
November 4, 2024 Survey finds some support for DOL fiduciary rule A new survey of financial professionals shows surprising and almost uniform support for the Department of Labor’s Retirement Security Rule
November 4, 2024 Hawaii court first to classify greenhouse gases as pollutants Hawaii Supreme Court becomes the first to classify greenhouse gases as pollutants, and thus excluded from traditional insurance coverage.
November 1, 2024 50 years of ERISA Millions of American workers enjoy secure pension funds today thanks to this regulation, which oversees private retirement plans.
October 31, 2024 Allstate reports strong Q3 earnings despite hurricane losses Despite huge losses from hurricanes, Allstate reported strong earnings and improved strategic position for the third quarter 2024.
October 29, 2024 Anthem BCBS may face class action suit for alleged ‘ghost network’ A first-of-its-kind lawsuit seeking class action status against Anthem BCBS accuses the insurer of misleading patients.
October 28, 2024 With lives saved, Hancock expands its longevity view of life insurance Kelley King thought taking a test offered by his life insurance company would qualify him for a premium discount. Instead, it saved his life.
October 23, 2024 AM Best ratings face pushback from some insurers The world’s oldest credit rating agency, AM Best, has come under fire recently as some insurers have questioned its methods.
October 18, 2024 Blue Cross healthcare antitrust case reaches tentative $2.8B settlement A class action against Blue Cross, possibly the largest healthcare antitrust case of its kind, ends with a tentative agreement.
October 16, 2024 Bill to kill SEC’s RILA registration system puzzles many, faces little hope of passage Bill to kill the SEC’s new registration system for index-linked annuities perplexed industry groups and consumer advocates.