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New York State announces $4.5M settlement with Eyemed Vision Care

October 18, 2022

New York State Superintendent of Financial Services Adrienne A. Harris announced that EyeMed Vision Care will pay a $4.5 million penalty to New York State for violations of DFS’s Cybersecurity Regulation that contributed to the exposure of hundreds of thousands of consumers’ sensitive, non-public, personal health data, including data concerning minors. 

Colonial Surety offers commercial general liability protection for small businesses

October 18, 2022

Colonial Surety’s new Commercial General Liability offering provides insurance coverage for small businesses against claims made by others including bodily injury, damage to property, or personal injury.

Transamerica introduces workplace universal life

October 18, 2022

Transamerica announced the availability of a new universal life insurance policy designed specifically to be a voluntary workplace benefit, and a combination of available riders that, for a fee, could potentially pay up to three times the value of the policy’s death benefit.

Judge approves $25M settlement to end lawsuit over Genworth’s cost of insurance increase

October 18, 2022

A federal judge approved a $25 million settlement between Genworth and a class of more than 13,400 plaintiffs alleging that policyholders of the company’s Gold and Gold II universal life insurance policies were subject to unlawful cost of insurance (COI) increases.

Idaho’s individual health insurance choices increase, rates decrease for 2023

October 17, 2022

Next year, individual market premium rates will decrease 4% on average, with the greatest decrease at 10%.

PIA, AIMS Society announce consolidation

October 17, 2022

The National Association of Professional Insurance Agents and the American Insurance Marketing and Sales Society have announced they will combine entities to redefine the future of insurance education.

Putting COLAs in context

October 17, 2022

The 2023 numbers from Social Security and Medicare provide an opportunity for clients and advisors to discuss retirement plans, the role of Social Security, Medicare premiums, and other healthcare costs that need to planned for in retirement.

Gerald Hemphill installed as PIA president

October 17, 2022

Gerald F. Hemphill, CIC, LUTCF, of Richmond, Virginia was installed as president of the National Association of Professional Insurance Agents during the organization’s board of directors meeting held in San Diego, California.

EBRI launches new retirement financial tool

October 17, 2022

The Employee Benefit Research Institute announced the launch of a re-envisioned Ballpark E$timate calculator to help individuals estimate their savings needs and future spending during retirement.

October 14, 2022

Combined insurance marks 100th anniversary with brand refresh

Combined Insurance is launching a new corporate identity that captures the company’s enduring legacy while positioning its future with a modern update.

Transamerica program aids small businesses in employee retirement and health savings

October 14, 2022

For small businesses that select Transamerica as their retirement plan and health savings provider before Dec. 31, Transamerica will waive administration and participant fees on their health savings accounts and flexible spending accounts for two full quarters

Life insurance applications on the wane in 3Q, MIB reports

October 11, 2022

New data from MIB Group reveals good news and bad news regarding life insurance activity. Life insurance applications finished the…

Retirees spending more than they can afford

October 11, 2022

Results from the 2022 Spending in Retirement Survey published today from the Employee Benefit Research Institute found that retirees are spending much higher or a little higher than they can afford in 2022

Only 1/3 of Americans have an estate plan

October 11, 2022

Of those who do have an estate plan, 20% have not updated their plan in the last five years.

NAAIA names Omari Aarons executive director

October 11, 2022

The National African American Insurance Association announced the appointment of Omari Jahi Aarons as its executive director and chief operating officer.

Iowa man pleads guilty to insurance fraud

October 11, 2022

Sang Nguyen, 47, of Des Moines, pled guilty on Oct. 4, 2022, to one count of Insurance Fraud – Application…

Nationwide, HomeZada partnering to help Private Client customers keep track of possessions

October 11, 2022

Dealing with home damage caused by a fire or weather issues is one of the more stressful situations homeowners can deal with. Having a home inventory can help make the process of putting your life back together easier.   

Investors and advisors show same levels of concern seen during pandemic’s height

October 10, 2022

The current macroeconomic environment has created a stressful situation for investors and advisors, leading to a sharp decrease in their optimism.

EPIC acquires The National Benefit Corp.

October 10, 2022

West Des Moines, IA and San Francisco, CA – EPIC Insurance Brokers and Consultants announced that it has acquired The…

Workplace life, DI and supplemental health premiums rebound in 2Q

October 6, 2022

New annualized premium for workplace life insurance, disability insurance and supplemental health products increased in the second quarter, according to LIMRA’s workplace benefits sales surveys.

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