January 18, 2024 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 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 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 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 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 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 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 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 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 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 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 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 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 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.
November 16, 2023 Large decrease seen in insurance agency mergers and acquisitions The once-ballooning insurance agency mergers and acquisitions market in the United States and Canada has deflated.
November 15, 2023 Life insurance not high priority for millennials, study finds Buying life insurance isn’t a top priority for millennials, despite major efforts by companies to ease sign-ups and lower costs.
November 10, 2023 Genworth struggles to find positives in bleak Q3 earnings Genworth Financial execs had to dig deep into the Q3 financial results to find positive signs in the wake of precipitous drops in earnings.