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].

DOL Not Budging On PTE 2020-02 Deadline

Faegre Drinker attorneys say the Department of Labor has been listening to pleas from advisors and brokers to push back the PTE 2020-02 compliance deadline of Dec. 20, but the department is not showing any indication it will postpone.

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

76% Of Workers Worry About Retirement Money

Retirement plan participants are worried about running out of money, losing income or not being able to afford medical expenses, according to an American Century survey.

Spenders Into Savers: The Great American Shift

The data shows Americans saved more of their money during the pandemic, largely because they could not spend it. But studies are showing that Americans might be changing their identity from consumers to savers.

Annuities Help Boost AIG To 2Q Surprise

New AIG CEO Peter Zaffino fleshes out details of the company’s spin-off of its life and retirement business, which it plans to sell in an initial public offering in the first quarter of 2022, with Blackstone being a minority owner.

Prudential Scores Winning 2Q With FlexGuard

Prudential nearly doubled its sales of its indexed variable annuity, FlexGuard, while dialing its traditional variable annuity sales down to zero in the second quarter.

How To Harness Bias For Retirement Investing

Biases are well-known for pushing investors to make short-term decisions that endanger a secure retirement. But biases can be called on to help get people into plans and keep them there.

Colorado Law Bars Insurance Discrimination By Data

The new law requires insurance companies to monitor and correct biases against protected classes in their use of third-party data and analytics, but does not ban using data such as credit history in setting individual rates.

Gen X Wants To Talk Annuities, Study Shows

Investors say they are worried about their money lasting through retirement with the loss of pensions, but advisors are not necessarily keeping up with those shifting concerns, according to a study.