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Press Release

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December 19, 2022

J.P. Morgan and Lincoln Financial merge insurance trust funds

Shareholders of four JPMorgan Insurance Trust Portfolios will be asked to approve a proposal to merge the JPM VITs into four corresponding, newly formed series of Lincoln Financial Variable Insurance Products Trust.

Paid family leave model law one of four adopted by NCOIL

December 16, 2022

The NCOIL Paid Family Leave Insurance Model Act provides a framework for states to create a new line of insurance in which any insurer licensed to transact life insurance or disability income insurance will also be able to provide coverage for paid family leave.

US life insurer investment portfolios to withstand market volatility

December 15, 2022

Rising rates have been largely favorable for U.S. life insurer investment portfolios, driving higher investment income as reinvestment rates exceed book yields, helping to mitigate macroeconomic headwinds, market volatility and the heightened probability of mild recession in 2023, Fitch Ratings says.

RetireOne and Nationwide partner to distribute menu of advisory annuity solutions

December 15, 2022

RetireOne and  Nationwide are teaming up to expand the distribution of Nationwide’s advisory annuity products, allowing Nationwide to reach new markets.

‘Holiday hustle’ makes Dec. 16 the riskiest day to drive

December 14, 2022

The most dangerous day to drive this month is expected to be Dec. 16, according to a predictive analysis of Nationwide claims data.  

Nearly 1 in 3 Americans say their financial situation worsened over the last year

December 14, 2022

More Americans say their financial situation is worse than a year ago and don’t expect it to improve in 2023, according to the New Year’s Resolutions Study from Allianz Life.

New York Life Foundation finds more Americans want open dialogue around grief

December 14, 2022

While most Americans understand the importance of talking about grief, people are growing tired of discussing death and loss, according to new research from the New York Life Foundation, released today.

Michigan woman charged with insurance fraud

December 14, 2022

Michigan Department of Insurance and Financial Services (DIFS) Director Anita Fox announced today that an Oakland County woman charged with…

Climate change leads ESG criteria for money managers and institutional asset managers

December 13, 2022

The 2022 Trends report counted two main strategies as sustainable investing: ESG incorporation–applying various ESG criteria in investment decision-making and portfolio construction–and filing shareholder resolutions on ESG issues.

2/3 of investors feel as though their financial safety net has been taken away

December 9, 2022

More than two-thirds of American investors (67%) feel like their financial safety net has been taken away from them as a result of the events of 2022, up drastically from 47% of people who said so one year ago.

Wisconsin releases enforcement actions for November

December 9, 2022

The Wisconsin Office of the Commissioner of Insurance recently released a list of administrative actions for November. The actions are…

California probe leads to $23.8M settlement with Essilor Laboratories of America

December 7, 2022

Insurance Commissioner Ricardo Lara announced that Essilor Laboratories of America, Inc. (Essilor) has agreed to a $23.8 million settlement in…

Northwestern Mutual expands disability insurance choices for medical professionals

December 6, 2022

Northwestern Mutual announced that it is introducing additional flexibility and choice into its lineup of disability insurance solutions for medical professionals, including physicians and dentists.

Hurricane Ian compounds Florida homeowners’ insurer vulnerability, Fitch reports

December 6, 2022

The Florida homeowners’ insurance market’s already precarious position will weaken further with the destruction generated by Hurricane Ian, a storm that is potentially the second largest hurricane in terms of insured losses, Fitch Ratings says.

Bill would remove agents and brokers from burdensome Medicare rule

December 6, 2022

A bill (S. 5149) introduced by Senator Mike Rounds (R-SD) would amend a definition that would currently result in burdensome requirements for insurance agents and brokers who assist consumers enrolling into Medicare.

Americans value the convenience and simplicity of telehealth

December 2, 2022

Every day, telehealth delivers convenient access to affordable, high-quality care to help meet the nation’s growing demand for health care services. 

December 1, 2022

Affordability a top trend to watch in health for 2023

A heightened focus on affordability is among the seven health and well-being Trends to Watch in 2023, Business Group on Health announced

Wolters Kluwer identifies top compliance challenges for U.S. insurers

November 29, 2022

 The U.S. insurance industry’s top market conduct compliance challenges continue to relate to various claims handling requirements, including timeliness, required disclosures, along with payments and grievance and appeal processes—as well as underwriting, rating, marketing and producer requirements.

Boston Mutual offers Individual Solutions Program

November 29, 2022

This new program was created to provide accessible whole life and accident insurance options to underserved markets across Massachusetts.

Nearly half expect to be caregivers, but few plan for their own care

November 22, 2022

Nearly half of Americans surveyed (47%) are adult caregivers, or expect to take on a caregiving role in the next three years — but only 16% of Americans say
they are very familiar with the features and benefits of solutions that can help cover the cost of long-term care, according to new research from Lincoln Financial Group.

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