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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August 26, 2022
Insurance industry reacts to Federal Reserve chairman's comments.

Following Fed comments, insurers brace for added premium costs

Following comments from the Federal Reserve Friday, experts interviewed raised the likelihood of rising premiums on annuities and life insurance products as interest rates climb.

August 25, 2022
Insurance fraud at $308.6 billion annually.

Study finds insurance fraud costs at a record $308.6 billion annually

Insurance fraud costs the US economy a record $308.6 billion annually according to a new comprehensive study by the Coalition Against Insurance Fraud, the first of its kind in more than 25 years.

August 24, 2022
Need for cyber insurance growing.

Ransomware, other security threats reveal insurance ‘cyber gap’

A growing majority of businesses in North America are either uninsured or underinsured against the rising wave of ransomware attacks and other cyber events.

August 23, 2022
Study finds customer satisfaction rebounds.

Study: small business insurance customer satisfaction rebounding

Customer satisfaction of commercial line insurers among small businesses, which plummeted for two years during the pandemic, is showing signs of rebounding, according to a new J.D. Power study.

August 22, 2022
Private insurers may be looking to fill flood insurance gap

More private insurers may look to fill flood insurance gap

Hundreds of thousands of homeowners have abandoned flood insurance since the government revamped the federal coverage guidelines late last year,…

August 19, 2022
Relationship of fiscal and physical fitness driving insurance partnerships.

FinFit Life, Hancock partnership a marriage of physical, fiscal fitness

The relationship of financial fitness to physical fitness is driving more relationships such as that between FinFIt Life and John Hancock Insurance.

August 19, 2022
Insurance ads among top seen.

Insurance industry ads continue to be among top watched

Since Jan. 2021, insurance brands – life, health, auto & general – have accounted for 9.32% of estimated national TV ad spend and 6.25% of TV ad impressions during new-airing programming. Also, four of the five most-seen brands in that timeframe were insurance brands.

August 11, 2022
Diversity efforts need continual attention, panelists said during a Wednesday webinar.

DEI efforts stymied by lack of mentoring, sponsorship

The need to diversify participation of women and people of color in financial services has never been greater and can directly impact a company’s bottom line, webinar presenters agreed.

August 10, 2022
'Soft' fraud is growing, Transunion says

Insurance industry still victimized by growing number of scammers

TransUnion said the insurance industry is seeing more “soft fraud” because some consumers may be representing their policies incorrectly to save money.

August 1, 2022

As Insurance Industry Increases Minority Hiring, Exit Rate Also Increases

While the hiring rate of Black employees in the insurance business is double that of other employee groups, Black workers are leaving the workforce at rates significantly higher than other groups.

August 1, 2022
House votes to modernize notary process.

House votes to modernize notary process

Congress moved to actually take the stamper away from notaries, at least symbolically, with House passage of the SECURE Notarization Act last week. The bill now moves to the Senate for final approval,

July 28, 2022
Advisors speak out: What to do if you win the lottery.

Financial advisors weigh in: What to do if you win the $1 billion lottery

What would you do if you won the $1.1 billion Mega Millions lottery? We ask financial advisors for some advice.

July 28, 2022
Indexed annuities

House panel OKs proposal to lower RILA market entrance barriers

Financial advisors may find it easier to get into the business of selling registered index linked annuities (RILAs) after a Congressional committee Thursday okayed a proposal to lower some of the market entrance barriers.

July 22, 2022
Direct mail use by insurance industry rises, group says

Direct mail marketing by insurance industry remains strong

Despite rising costs of paper, printing, and postage, the popularity and reliance on direct mail marketing by insurers remains strong…

July 21, 2022
Insurance industry innovation.

Traditional insurers add drones, other innovative tech to modernize their toolkits

Partly as a result of consumer demand for an Amazon-like service experience, and partly due to the threat posed by young insurtechs to disrupt the industry, traditional insurers are investing heavily in new high tech tools.

July 13, 2022
Inflation hits 40-year high of 9.1%,

What financial advisors are recommending as inflation hits record high 9.1%

With inflation peaking at a new 40-year historic high of 9.1% today, InsuranceNewsNet checked with financial advisors and others to find out how this will impact retirement savings, and what investments strategies they recommend at this time.

July 7, 2022
Financial advisors under pressure in volatile economy.l

Financial advisors facing new pressures in volatile economy

Americans, in this post-pandemic era of raging inflation, crashing markets, and international turbulence, say they want and need professional investment…

July 1, 2022

Inflation hits the insurance industry with no letup in sight

The industry is caught in a perfect storm of increasing claims costs and a worker shortage. What does that mean for premiums?

June 30, 2022
IRA vs. 401K fees matter.

Pew study examines 401(k) vs. IRA fees, impact on retirement funds

Workers who move their retirement funds into mutual fund IRAs could get hit with significant unrealized fees that would shrink their savings, potentially impacting the quality of their golden years, according to a new Pew Charitable Trusts study.

June 27, 2022
Change is here in social media selling.

Expert tells MDRT audience to gear up for next generation of social media selling

Salespeople, marketers, and companies need to prepare for the next generation of social media marketing, expert tells the 2022 Annual Meeting of the Million Dollar Round Table, and improve their social media selling.

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