InsuranceNewsNet Senior Editor John Hilton has covered business and other beats in more than 20 years of daily journalism. John may be reached at [email protected] Follow him on Twitter @INNJohnH.
A new lawsuit filed last month adds to the legal liability for Minnesota Life Insurance Co. and its partner independent marketing organization caught up in an alleged pension fraud scam.
Government attorneys filed a lengthy response Friday asking a Florida federal judge to toss one of two lawsuits challenging the Department of Labor investment advice rule.
One of the founders of the compact, South Carolina left the compact May 16 because of a conflict over long-term care insurance rate increase application reviews.
What will the next generation of indexed products look like? Indexed products are popular, offering apparent upside and little downside. But regulators are wary. The growth of proprietary indices has critics claiming consumers are confused and misled by rosy illustrations that rarely come true.
While chaos is rarely good, one market that should benefit is the annuity marketplace, experts say. Specifically, indexed annuities, which thrive on offering stability when the financial landscape is most unstable.
Many popular indexes supporting annuities and life insurance today might not work as well in a recessionary, high-inflation, rising interest rate environment, a recent industry panel agreed.
Expansion of government health care. The aftermath of COVID-19. Mid-term elections. Recent and proposed legislative changes and these volatile factors could significantly change the way health agents do business. Marcy Buckner and Ronnell Nolan have decades of combined experience in both health care and the legislative process.
State insurance commissioners, consumer advocates and even a Senate committee are all probing the complex deal-making marrying insurers to Wall Street private equity firms.
Fifty-seven Democrats signed onto a letter authored by the moderate New Democrat Coalition asking party leadership to find a legislative way to extend ACA subsidies set to expire after this year.
As major insurance carriers sit on a treasure trove of big data, with endless possibilities to sharpen actuarial risk projections and more accurately target financial products, regulators are trying to protect privacy and ward off hidden discrimination.
Fixed UL sales for the first quarter were $107.4 million, down 21.4% compared to the previous quarter and down 10.9% as compared to the same period last year, according to Wink’s Sales and Market Report.
Emergency legislation approved last week to stabilize Florida’s property insurance market is akin to applying a Band-Aid to a ruptured artery, said an official with the Insurance Information Institute.
Annuities keep overcoming disruptions while pushing pandemic sales to greater heights. What will the rest of 2022 (and beyond) look like as interest rates, inflation and possibly wealth taxes combine to alter the market?
Insurance unemployment is at 1.5%, said Brad Whatley, managing director of The Jacobson Group, compared to the national 3.6% unemployment rate for all industries.
Regulators are likely to take another look at indexed life illustrations, said Sheryl Moore, president and CEO of Moore Market Intelligence. Likewise, lawsuit activity is up, targeting a variety of sales practices.
A recent Fed report looked at two different scenarios: slow sustained rates increasing over time, and a short-term significant rise in rates. The former scenario is considered good for insurance companies and their earnings.
Lisa Gomez could get a long-awaited vote next week on confirmation to lead the Department of Labor’s Employee Benefits Security Administration.
What is the Department of Labor doing to regulate retirement product sales?
The push for technology is not just about growing, the panel of insurance executives agreed this morning at the Insured Retirement Institute’s annual conference. It’s about surviving.
Insurance unemployment is at 1.5%, said Brad Whatley, managing director of The Jacobson Group, compared to the national 3.6% unemployment rate for all industries.
