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].
Americans are most worried about market volatility’s effect on their retirement savings when they should be focused on their longevity risk, according to a report from Boston College’s Center for Retirement Research.
The University of Michigan consumer sentiment survey is at an all-time low, with Republican sentiment below rock bottom, according to a breakout of the survey data.
Bloomberg’s recession probability gauge, which has been at 0% since early 2020, has popped to a 38% chance of inflation in the next 12 months.
Most Americans are saving for retirement, but many had to crack those nest eggs to get by during the pandemic, according to the 22nd annual Transamerica Retirement Survey.
Inflation is the key driver to deteriorating consumer confidence with a survey showing the grimmest expectations in nearly a decade.
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.
An eHealth survey finds that 67% of Medicare Advantage enrollees who switched from Medigap did so because of price.
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.
With days left in the comment period, more 230 letters have been submitted on the SEC’s wide-ranging private funds rule changes.
LIMRA is partnering with Verisk to add greater data and analytic capability to its FraudShare program as account takeover and other fraud attempts increase.
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.
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.
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.
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.
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.
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.
All lines in individual and group did well in 2021 except for term life, according to S&P Global’s analysis of company statements.
Although earnings were down, Lincoln Financial executives see promise in slowing pandemic deaths and rising bond yields.
As President Joe Biden delays student loan payments and considers loan forgiveness, borrowers across generations are postponing important financial decisions because of the debt.
Deutsche Bank issued a note to investors that not only is a recession coming but that it will be worse than expected.
