July 30, 2024 SEC’s ‘best interest’ Reg BI rule fails to live up to initial promise, panel says The Reg BI “best interest” rule adopted by securities regulators five years ago has not nearly lived up to its promises, a panel says.
July 26, 2024 Hurricane season could top last year’s $100B damage costs, experts say The hurricane season this year might exceed the $100 billion in property damage from hurricanes in 2023, experts say.
July 25, 2024 Bill filed to reinstate recently overturned Chevron doctrine Saying the courts and corporations have hijacked the government, a group of senators have filed a bill to reinstate the Chevron Doctrine.
July 24, 2024 Brighter outlook seen for insurance industry Q2 earnings As insurers prepare to release Q2 financial earnings, some, if not many, of the negative factors they’ve faced recently have diminished.
July 23, 2024 Despite expectations, insurance industry M&As continue to decline An expected pickup in insurance industry mergers and acquisitions has not yet materialized with a decrease in the first half of this year.
July 22, 2024 Health insurers likely to feel impact of SCOTUS Chevron ruling Health insurers and the broader health care industry brace for impact from the recent landmark SCOTUS Chevron deference doctrine ruling.
July 12, 2024 DOL may review ‘derisking’ pension risk transfers, says congressional report The DOL says it may review the controversial practice of transferring pension risks to life insurers, commonly known as “derisking.”
July 11, 2024 Bill to kill fiduciary rule heads for full congressional vote A bill to kill the new fiduciary rule is headed for a full vote in Congress after two committees this week resoundingly approved it.
July 11, 2024 Commissioner attempts to address Calif. insurance crisis ‘head on’ California Insurance Commissioner Ricardo Lara has forged ambitious proposals to solve the crisis and calm the market.
July 5, 2024 Study looks at rising auto insurance costs, consumer trust A new U.S. vehicle insurance study finds along with increased repair costs, other issues are placing an added financial burden on insurers.
July 2, 2024 Retirement confidence at record low, but will it improve? Worker confidence in having enough money for retirement is still at record lows, though perhaps trending slightly upward.
July 2, 2024 FSI, SIFMA join federal lawsuit to overturn DOL fiduciary rule FSI and SIFMA have joined a federal lawsuit that seeks to overturn the Department of Labor’s fiduciary rule.
July 1, 2024 When advising young investors, it’s all about ‘cutting through the noise’ The younger generations can get caught up in unrealistic investment ideas they find on social media. For advisors, the challenge is to cut through the noise and help them set realistic expectations.
June 28, 2024 Insurers, A.M. Best reach preliminary settlement in financial ratings case Two insurers accusing A.M. Best of unfairly downgrading their ratings have reached a preliminary settlement with the credit rating agency.
June 28, 2024 Advisor starts ‘unbiased system for learning’ to aid young investors How young people learn about money presents an interesting dichotomy: they have better access to information, but how good are those sources?
June 27, 2024 Post-COVID disabilities increase puzzles experts Along with rise in excess mortality numbers post-COVID, the number of working people with disabilities in the last three years is also up.
June 18, 2024 John Hancock expands its longevity arsenal In its continuing effort to encourage proactive healthcare and longevity, John Hancock adds discounted access to advanced whole-body MRI
June 11, 2024 Goldman Sachs survey finds RILA acceptance, rise ‘meteoric’ Annuity sellers are emphasizing value propositions that strike a balance between managing downside risk while offering upside participation.
June 10, 2024 Calif. watchdog group taking in millions, but may be saving consumers billions A law that gives Californians a direct roll in what insurance companies can charge has benefited the consumer group that wrote the law.
May 31, 2024 Recruiting insurance talent a challenge as industry retirements loom About half of the insurance workforce is 55 and older and will be retiring soon, creating many vacancies – and a recruitment nightmare.