Doug Bailey

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Doug Bailey

Doug Bailey is a journalist and freelance writer who lives outside of Boston. He can be reached at [email protected].

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January 25, 2024
Image of The Hartford logo looming over a scene of Calif. homes that are flooded. The-Hartford-to-withdraw-from-Calif.-homeowners-insurance-market.

The Hartford to withdraw from Calif. homeowners insurance market

The Hartford announced it will cease writing new Calif. homeowners insurance policies starting next month.

January 23, 2024
An image of people in business attire looking very worried, with the Department of Labor logo nearby. Independent-contractor-rule-proposal-draws-angst-confusion.

Independent contractor rule proposal spurring angst, confusion

The DOL’s independent contractor rule proposal has met with resistance, confusion, and continued legal action by labor organizations

January 22, 2024
Image showing a mob scene with cars on fire and an unruly mob. Insurance-policies-adding-insurrection-riots-as-exclusions.

Insurance polices adding ‘insurrection,’ ‘riots’ as exclusions

A number of healthcare insurance companies have added “insurrection” and “riots” to their list of excluded benefit payments.

January 18, 2024
Image as seen looking through a car windshield going down a treacherous road with a sign reading "Caution, Rocky Road Ahead."

Rocky road for property and casualty insurance continues

It’s clear that all is not right with the property and casualty industry – and that it’s going to get worse before it gets better.

January 11, 2024
Image of a woman filling out a life insurance application.

Life insurance applications up 3% in 2023; first rise in nearly 4 years

Application activity for U.S. life insurance grew at a near 3% rate in 2023, showing the first uptick in almost four years.

January 10, 2024
image of a pencil erasing the words "independent contractor" on a sheet of paper with the DOLseal on the page

New DOL rule could undermine financial advisors’ independent contractor status

The DOL’s new rule to determine if a worker is an employee or independent contractor could undermine advisor’s independent contractor status.

January 8, 2024
Image of a figure in business attire and carrying a suitcase walking up stairs toward 2024.

Where is the economy headed in 2024?

Where is the nation’s economy headed in 2024? What impact will interest rates, the election, and the job market have?

January 4, 2024

Calif. insurers continue tactics to slow new policies, stem losses

California auto insurers are engaging in a host of tactics to discourage customer access to insurance in a strategy to stem losses.

January 2, 2024
Comic-book like text image of the words "Insurtech HYPE."

Did insurtech live up to the hype in 2023?

The hype died, the venture capital money dried up, and 2023 might have been the year the insurtech business came face to face with reality.

January 1, 2024

4% is a safe starting withdrawal rate for retirees, research finds

The surge in the withdrawal rate is attributed to higher fixed-income yields and a reduced long-term inflation estimate.

December 29, 2023
Image showing a magnifying glass through which can be seen the words "Long Term Care."

Study finds long-term care coverage rare, costs high

A recent study finds that only a small percentage of Americans have sufficient long-term care insurance, and that costs are high.

December 18, 2023
Person dressed in business attire clearing out his office with a large "AI" overlay in the background.

Underwriters say tech will transform work, but fear displacement

Senior underwriters are convinced emerging technology innovations will transform their business, but worry about how they will be affected.

December 14, 2023
Image of couple standing in front of a storm-damaged home contemplating their loss.

For first time, severe storm losses through Q3 top $50B

Insured losses from severe storms in the U.S. for the first time surpassed $50 billion through the end of Q3.

December 13, 2023
Image of a dollar bill with up and down arrows on either side of a percent sign.

Fed stands pat; markets jump

After incrementally doubling interest rates to the highest levels in 22 years, the Fed, for the third month in a row, decided to stand pat.

December 13, 2023
Image of a suspicious figure in a hoodie in front of the U.S. Capitol building.

U.S. to study possible federal cyber insurance program

U.S. Treasury Department to initiate further studies on the need for a federal cyber insurance program or “backstop.”

December 12, 2023
Workman in working gear superimposed over image of a court building.

N.Y. case may set commercial insurers precedent

A N.Y. lawsuit may have scored a precedent-setting win for policyholders challenging commercial insurers over coverage.

December 6, 2023
Image showing part of a dictionary definition of the word "income."

Supreme Court takes up meaning of ‘income’; decision could impact taxes

A couple’s fight to get a $14,729 tax refund made it to the U.S. Supreme Court this week in a case that might upend the federal tax code.

December 1, 2023
Illustration of a spiral pattern in black and white, with a large percentage sign at the middle.

Fed says era of spiraling interest rates may not be over

The Fed raised the possibility that capping inflation at 2% might not be achieved without another tweak or two to the federal funds rate.

December 1, 2023

Despite tech breakthroughs, no revolutionary insurance product — yet

As amazing tech advances abound, the insurance industry has made significant strides in the past few years. But there is much more to come, according to industry-leading tech experts.

November 24, 2023
Image of a crystal ball containing charts and graphs, with "Forrester, Top 5" superimposed.

Forrester’s top 5 insurance industry predictions for 2024

Forrester Research looks ahead to what, both good and bad, might await the insurance industry in 2024.

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