Steven A. Morelli is a contributing editor 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].
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…
“The world is headed towards a global recession and prolonged stagnation unless fiscal and monetary policies holding sway in some advanced economies are quickly changed,” 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.
: Yale professor James Choi reviewed 50 of the top financial advice books by non-economists and finds a lot that contradicts economics. But is that a bad thing?
The key to avoiding being the victim of cyber-fraud is not being the easiest prey, said fraud expert Michael Skiba during the NAIC Insurance Summit.
Although huge storms and fires dominate the headlines, “kittens” – smaller industry loss events between $1 billion and $2.5 billion – are a serious issues, according to a speaker at this week’s National Association of Insurance Commissioners’ 2022 Insurance Summit.
Investors were anxious about inflation even as it appeared to be slowing down, according to a State Street survey. Meanwhile, this morning’s Consumer Price Index increase touched off another round of market tremors.
The Enhancing American Retirement Now (EARN) Act, which would expand employer and employee plan contributions, is ready for reconciliation with a broader Senate bill and House’s SECURE 2.0 Act.
Principal Financial sees its pivot to the small- and medium-sized businesses pay off in its specialty benefits segment, but its assets under management sagged in the quarter.
Retirees and advisors may be underestimating the impact of medical spending on retirement income, according to a Boston College report. But Congress’ reconciliation act might come to the rescue.
A massive study shows that poor people need not only an economically diverse environment to move up the ladder, but also a low barrier to making friends.
Although acceptance of using driving data for decreased insurance rates is growing, only a small percentage of consumers who have access to their telematic data use it for user-based insurance.
This past quarter’s gross domestic product is expected to have decreased when it is released tomorrow, which would be the second consecutive down quarter – and that would mean we’re in a recession, right? Not necessarily.
Even above-average sales next year would pale in comparison to sales this year, as heightened mortality awareness wears off, according to S&P’s life insurance/annuity market report.
As interest rates rise, so does the interest of consumers, who are buying a record number of fixed deferred, or multi-year guaranteed, annuities, according to a peek at LIMRA’s second quarter data.
A month after the SEC’s first substantive Regulation Best Interest enforcement action, the Insured Retirement Institute is pushing for more funding to boost the agency’s enforcement power.
Commercial or group health insurance did not substantially increase premium despite record hiring, while COVID expense requirements ended up much higher than expected, according to an AM Best report.
