Steven A. Morelli

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].

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.

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.

Federal regulations are putting the "F" in fiduciary for health plans.

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.

Execs Warily Eye A Shaky World, McKinsey Survey Shows

Although company executives have stopped fretting so much about the COVID-19 pandemic, they are really concerned about geopolitical stability, even in their own country, according to the latest McKinsey survey.

Federal regulations are putting the "F" in fiduciary for health plans.

SECURE 2.0 Up For A Key House Vote Tuesday

SECURE 2.0 is on the agenda for a House floor vote Tuesday afternoon. The move pumps up hope for the bill, which passed the congressional Ways and Means Committee last year but lost momentum and was not tacked onto other bills.

State Farm Agents, Clients Claim Anti-Black Bias

A New York Times article highlights accusations that State Farm systematically denied property and casualty claims in Black areas by claiming they were fraud. Other suits allege the carrier also discriminates against Black agents.

Gen X? Make It Gen $: Boomers Set To Funnel Big Bucks To Heirs

Over the next 20 years, $84 trillion is expected to transfer between generations, with Gen Xers reaping the most over the next decade or so. Advisors will need to change how they do business to get the attention of younger investors.

More than just insurance is needed to fight off cyber criminals, one expert says.

Young, Wealthy Hybrid Investors Are Coming, McKinsey Report Says

One of the most promising areas of growth for wealth managers is a larger segment of younger wealthy investors who are already using digital platforms for their own investing, but they still want advice from humans, says a McKinsey report.

Brighthouse Boosts Sales On Growing VA, SmartCare Sellers

Brighthouse Financial showed strong sales in its Shield Level index-linked annuities and in its SmartCare indexed universal life insurance with a long-term care component, although some losses dragged on the company’s bottom line

Public Option Push Slows As Colorado Meets On Its Law

The Colorado insurance department is meeting with insurance companies and others on Thursday to discuss the details of and concerns about the state’s new public option law. Momentum has meanwhile stalled at the state and federal level.

Inflation is hitting Black Americans hard

DOL Still Isn’t Ready For Its Own Lifetime Income Rule

The Department of Labor’s lifetime income illustration rule requiring pension and retirement plan providers to issue an annual projection for clients goes into effect in September but the department still has not produced a final rule.