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Steven A. Morelli

Steven A. Morelli is editor-in-chief for InsuranceNewsNet. He has more than 25 years of experience as a reporter and editor for newspapers and magazines. He was also vice president of communications for an insurance agents’ association. Steve can be reached at [email protected]

June 29, 2022
Consumer confidence drops in recent survey.

Consumer confidence drop hints at recession risk

Inflation is the key driver to deteriorating consumer confidence with a survey showing the grimmest expectations in nearly a decade.

June 24, 2022
Student load debt a concern as inflation spikes.

Housing prices, inflation increase pressure on student loan repayments

While the Biden administration considers extending the student loan payment pause and outright loan forgiveness, borrowers have filled in their payment gap with other expenses.

June 14, 2022
Medigap Vs Medicare

Survey: Medicare Advantage enrollees satisfied but price-sensitive

An eHealth survey finds that 67% of Medicare Advantage enrollees who switched from Medigap did so because of price.

June 13, 2022
Fed Rate hike expected.

Fed eyes big rate boost while half of Americans say they are worse off today

The Federal Reserve board is reportedly considering a 100 basis-point increase to its funds rate on Wednesday, while a New York Fed report shows that nearly half of Americans say they are worse off than they were a year ago.

June 8, 2022

SEC’s proposed private equity rule receives pushback, added time for comment

With days left in the comment period, more 230 letters have been submitted on the SEC’s wide-ranging private funds rule changes.

June 7, 2022

As insurance fraud attempts rise, LIMRA beefs up FraudShare

LIMRA is partnering with Verisk to add greater data and analytic capability to its FraudShare program as account takeover and other fraud attempts increase.

June 1, 2022

Yellen ‘wrong’ on inflation, while even some wealthier Americans struggle

Treasury Secretary Janet Yellen says she was wrong last year about the “path that inflation would take.” Meanwhile, a third of people earning more than $250,000 are living paycheck-to-paycheck, according to a survey.

June 1, 2022

Inflation May Push Insurers To PE Investments, Survey Shows

Insurers believe inflation will be around for two to five years, eventually tamed by rising interest rates.

May 31, 2022

Student loan borrowers might not be ready to start paying paused debt

Most student loan borrowers have not paid at all during the pandemic pause, according to a Federal Reserve report. But they still might not be in position to restart paying at the end of August when the payment pause is set to expire.

May 24, 2022

Few players propelling huge private equity push into insurance

Private equity has been accelerating a boom in huge reinsurance deals, but driven by relatively few players, who are attracting attention from legislators and regulators.

May 23, 2022

Allianz Sells $120B In Assets To Voya After ‘Historic’ Fraud Case

The Allianz Global Investors unit fabricated reports to hide risks that left it vulnerable to the 2020 market shock, when it lost $7 billion, according to the Securities and Exchange Commission.

May 17, 2022

Slow, Steady Insurance Companies Winning The COVID Race

Life carriers with the healthiest surpluses and lowest volatility had the strength to overcome surging death claims during the pandemic, according to an AM Best report.

May 11, 2022

What ‘COVID Clarity’ Has To Do With The Great Resignation

Employees had a little time to reflect during the pandemic, and found they wanted more out of their jobs, according to Society for Human Resource Management research.

May 6, 2022

Life Sales Ring $200 Billion Bell

All lines in individual and group did well in 2021 except for term life, according to S&P Global’s analysis of company statements.

May 6, 2022

Lincoln Financial Losses Slow With Ebbing Pandemic

Although earnings were down, Lincoln Financial executives see promise in slowing pandemic deaths and rising bond yields.

April 28, 2022

Student Loan Debt Stymies Multiple Generations

As President Joe Biden delays student loan payments and considers loan forgiveness, borrowers across generations are postponing important financial decisions because of the debt.

April 27, 2022

Deep Recession Seen In Deutsche Bank Report

Deutsche Bank issued a note to investors that not only is a recession coming but that it will be worse than expected.

April 13, 2022

NAIC OKs LTC Insurance Rate Review Structure

The National Association of Insurance Commissioners approved a framework to bring consistency to long-term care insurance pricing, but carriers say the pilot program for the structure did not work.

April 8, 2022

8 Facts You Need To Know About Wine

If you are going out this weekend and forgot how to make small talk, read up on these wine facts to impress your friends and dominate your enemies.

April 7, 2022

Agents, Advisors Are Independent Workers, For Now

A federal court reinstated the Trump-era Department of Labor’s independent contractor law, but the question remains if the Biden administration is working on a replacement that it could impose in accordance with the procedures act.

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