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 agentsâ association. Steve can be reached at [email protected]
Republicans poised to take control of the U.S. House say their plans will save Social Security by returning it to its antipoverty roots.
As the days tick down to the end of this Congressâ term, hopes dim on raising the debt ceiling, which could set up a dangerous game of chicken next year.
A panel at Employee Benefit Research Instituteâs Retirement Summit discuss how to plug retirement fund leaks â and how far to go with solutions.
Multiyear guaranteed and fixed index annuities had a breathtaking year so far â and the party is just getting going, according to Sheryl Moore, Wink Inc. CEO.
Two recent studies found that financial firms and advisors are branching out into social media, including TikTok and Reddit, which can provide some useful information along with the latest dance moves.
The Office of Management and Budget reportedly finished reviewing the Department of Laborâs Environmental, Social and Governance investing rule, but critics are roasting the strategy as âsocialism.â
Surveys from Wells Fargo and Janus Henderson Investing found investors are anxious about the stock market and inflation, with some wishing they could cash out. They are staying put, but keeping a close eye on what comes next.
COVID concerns weighed on sales, which broke a five-year winning streak, but Conning researchers expect the market to pick up this year.
Gallup has tracked positive and negative states since 2006 â and negative is winning, with a big spike last year.
As Americans save less and plan to put off retirement, they overestimate their ability to keep working into old age, according to studies.
American Equity executives said fixed index annuity sales dropped in the third quarter because the carrier is being smart about pricing. Meanwhile, Brookfield Re abruptly announced it was selling its 16% share of the carrier.
Prudential Financial was slammed by $1.46 billion in losses, but had a steep increase in fixed annuity sales and an expectation for a bounce in its FlexGuard variable annuities as Americans deaccumulate retirement savings.
Georgiaâs Supreme Court rules that if a third party is not involved in the purchase of life insurance, it does not violate the insured interest rule.
Medicare Advantage plans are expected to have more than half of the Medicare market after this enrollment season, even as legislators and regulators tighten their scrutiny of the program and its oversight.
The Federal Reserve is expected to raise interest rates another 0.75% in November in an effort to slow the economy, but a Nationwide poll found that small business owners are not prepared to deal with an economic slowdown.
A Bloomberg analysis showed that a recession was 100% likely by next October, echoing other surveys. Meanwhile, consumers are not even trying to prepare, according to a Bankrate survey.
Just as the demand for ESG investments increases, so does the division between those saying it is not living up…
âThe world is headed towards a global recession and prolonged stagnation unless fiscal and monetary policies holding sway in some advanced economies are quickly changed,â according to a UN report.
A Stanford Center on Longevity study showed that most pre-retirees and retirees are financially fragile and want help from advisors.
Senate Finance Committee Chairman Ron Wyden, D-Ore., demands answers from three insurance companies and an association on private placement life insurance.
