March 13, 2024 Roth catch-up contribution provision poses challenges for many plans In response to plan administrator concerns following SECURE 2.0 Act passage, the IRS has delayed the Roth catch-up contribution requirement,
March 8, 2024 How might a presidential election impact investment decisions? What impact might the choice of a president have on investment decisions? One way to view that question is through the lens of history.
March 5, 2024 Insurance fraud epidemic continues; drives up operational, consumer costs Insurance fraud, considered a $310 billion a year criminal business, shows no signs of slowing, according to the U.S. Federal Trade Commission
March 4, 2024 Insurance M&As drop in 2023, but expected to rise again this year Insurance company merger and acquisition deals fell off the table in 2023, hampered by the rising cost of capital and…
February 29, 2024 After ‘throttling’ back in 2023, Lemonade to push growth to reach profitability After intentionally “throttling” growth in 2023, executives at Lemonade say they expect to accelerate its growth plans by a factor of three.
February 29, 2024 NAIC issues policies, but not regulation, on ESG investments NAIC issues ESG insurance sector policies, an expanding metric to grade insurers’ underwriting, investing, or other business decisions.
February 23, 2024 Despite Q4 $230M loss, Genworth cites strategic advances Genworth Financial pleased with the company’s fourth quarter financial results despite reporting a $230 million loss.
February 19, 2024 J&J drug pricing lawsuit seeks class action status Lawsuit accuses drug giant Johnson & Johnson of mismanaging its employee benefits program and overcharging for drugs.
February 13, 2024 Ponzi scheme losses to Ohio bank are insurable, court rules Court rejects AIG’s claim that a bank’s losses from a Ponzi scheme run by one of its customers were not insurable.
February 9, 2024 Allstate has strong Q4, reports net income of $1.5B Allstate reported 2023 Q4 adjusted net income in the of $1.5 billion on revenues of $14.8 billion, up 8.7% from the same period in 2022.
February 8, 2024 Lincoln Financial sees Q4 net loss of $1.2B Lincoln Financial Group reported a net Q4 loss of $1.2 billion and a loss of $835 million for the full year of 2023.
February 8, 2024 Equitable Holdings cites momentum, resilience in face of economic headwinds Equitable Holdings, Inc. cited resilience in the face of strong headwinds, and steady growth in its 2023 Q4 and full-year financial results.
February 8, 2024 Prudential reports turnaround, $2.48B net income for 2023 Prudential Financial Inc. Wednesday announced a significant turnaround in 2023, with net income reaching $2.48 billion,
February 5, 2024 NY’s proposed AI rules seen as just the start for insurance carriers New York’s recently proposed rules on how insurance carriers should use AI is a likely harbinger of what’s to come from U.S. regulators,
February 2, 2024 Seniors, retirees will benefit from AI advances, experts say According to tech and financial experts, seniors will greatly benefit from AI, without ever needing to know it’s working for them.
January 30, 2024 Study examines hesitancy around buying an annuity Study asks: If buying annuities is a good option for many retirees, why aren’t more people purchasing them?
January 26, 2024 Improving indicators raise expectations for economic outlook The economy outfoxed economists once again, with better than expected results possibly extinguishing the notion of an impending recession.
January 25, 2024 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 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 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.