April 17, 2024 Spiraling insurance costs spur homeowners to seek a la carte coverage Due to spiraling homeowners insurance costs, more people are opting for insurance coverage for what they might truly need, a la carte.
April 16, 2024 As Q1 2024 earnings near, insurance industry outlook brightens As first quarter 2024 financial results near, most analysts and execs predict a good – or even better – outlook for insurance carriers.
April 4, 2024 Fed unlikely to make rate cuts soon, says Powell Federal Reserve Chairman Jerome Powell says more time and more evidence of an improving economy are needed before rates are cut.
April 2, 2024 Goldman Sachs asset management survey finds ‘cautious optimism’ A major survey of 359 CIOs and CFOs, representing more than $13 trillion in global balance sheet assets, indicated some “cautious optimism.”
March 29, 2024 Supreme Court takes on life insurance as a corporate asset The Supreme Court to weigh in on whether the proceeds of a life insurance policy taken out by a corporation on a shareholder is a corporate asset.
March 28, 2024 Change Healthcare, medical providers still reeling from cyberattack Change Healthcare is still recovering from the massive cyberattack that jeopardized treatment and payments for millions of patients.
March 18, 2024 Calls to end LNG investment draw silence A letter demanding insurance companies and others end underwriting new LNG terminals mostly was met with silence from the industry.
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,