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October 15, 2024

Navigating client communication in the investment industry

To navigate advertisements and compliance, it’s important to understand the applicable rules and regulations.

October 15, 2024
Illustration of a senior couple looking scared with a large Social Security card in the foreground. Retirement-The-cost-of-fear.

Retirement: Overcoming the high cost of fear

Why Americans fear spending down their savings and routinely claim Social Security early and how fear often drives those decisions.

October 15, 2024
Illustration of a precision measuring tool with the letters "EXL" overlapping. NVIDIA-partner-EXL-develop-most-accurate-insurance-AI-model.

EXL, NVIDIA develop ‘most accurate’ AI insurance model

A US-based data solutions provider has begun rolling out a unique artificial intelligence model built specifically for the insurance industry.

October 14, 2024
Image shows the word "Reinsurance"
An NAIC working group is making slow progress on offshore reinsurance guidance.

Regulators opt for narrow scope with offshore reinsurance guideline

State insurance regulators trying to get better control of offshore reinsurance reserves opted for a “narrow scope” with a new guideline.

October 14, 2024
Image shows a flooding scene with a thumbs up in front.
Florida's property insurance market is bouncing back, officials say.

Florida insurance markets OK despite double hurricane whammy, state says

Florida is recovering from a double whammy of hurricanes, but its property insurance market is getting healthier by the day, officials say.

October 14, 2024
Photo illustration of a large rusty, old metal dollar sign against a backdrop of junk. Junk-fees-crackdown-a-win-win-for-insurtechs-expert-says.

‘Junk fees’ crackdown a ‘win-win’ for insurtechs, expert says

Insurtechs should view a “junk fees” crackdown as an opportunity to show value and establish trust, Cover Genius CRO says.

October 14, 2024

Insurance essentials for each stage of life

Just as our investment strategies change as we get older, so should our approach to insurance.

October 11, 2024
Illustration of a small robot asking "How can I help you?" dawn-of-a-new-era-Insurance-chatbot-industry-to-hit-45B-by-2032.

‘Dawn of a new era’: Insurance chatbot industry to hit $4.5B by 2032

The global insurance chatbot market has experienced enormous growth and is expected to hit nearly $4.5 billion by 2032.

October 11, 2024
Illustration showing an older couple standing on a giant book opened to a new chapter, with a beautiful landscape in the distance. Retirement---A-new-chapter-in-life.

Longer lifespans mean redefining retirement

People are living longer and that means the traditional view of retirement must change.

October 11, 2024
Hurricane Milton leaves destruction in its wake as it makes landfall in Florida.
Hurricane Milton leaves destruction in its wake as it makes landfall in Florida.

Seeking answers for insurance crisis left in Milton, Helene’s wake

As the cleanup continues from hurricanes Milton and Helene, states and municipalities need to get serious about property protection.

October 10, 2024
Image shows the Hawaii state flag
Hawaii's high court sided with AIG in a lawsuit over climate change impacts.

Hawaii’s high court sides with AIG in climate change lawsuit

Hawaii’s highest court sided with American International Group in classifying greenhouse gases as pollution, thereby triggering an insurance exclusion.

October 10, 2024
Photo illustration of consumer holding his head and looking very overwhelmed and confused. Study-consumers-find-life-insurance-policies-overly-complex

Study: Consumers find life insurance policies overly complex

Despite efforts to improve customer communications, life insurers are seen as unnecessarily complicating explanations of their policies.

October 10, 2024

FMO: Does an independent insurance agent need one?

An FMO a compelling business model for a single-shingle agent, but is the model right for you?

October 10, 2024
Image shows the letters LTC and people in shadows
Regulators say long-term care rate hikes need to be shared between insurers and insureds.

Regulators agree on single LTC rate review, punt cost-sharing details

A state regulator working group agreed Thursday on a single long-term care rate review process based on the Minnesota method.

October 9, 2024
Illustration of the letters "FIAS" surrounded by delicious looking chocolate candies. FIAs-in-a-sweet-spot-right-now-Security-Benefit-exec-says.

FIAs ‘at a sweet spot right now,’ Security Benefit exec says

The Federal Reserve made headlines in September by slashing its benchmark interest rate by a half-point. That direction of lowering interest rates makes it a good time to for clients to lock in rates on investments such as fixed annuities before rates go down even further.

October 9, 2024

BOLI, bonds and banks: Accounting for early surrender

Recent increases in market interest rates are leading some banks to consider surrendering their bank-owned life insurance to reinvest the proceeds (net of a tax charge) in a new BOLI policy with a higher yield.

October 9, 2024
Image shows the NAIC logo
Reinsurance issues remain a big concern for state insurance regulators.

Regulators set to tackle reinsurance concerns after comment period

State insurance regulators are set to return to the reinsurance issue as soon as Thursday.

October 8, 2024

Medicare would expand home health care aid under Harris proposal

Vice President Kamala Harris announced a proposal to help the sandwich generation by expanding Medicare coverage to help cover the costs of home health care for older Americans.

October 8, 2024
Image of Sen. Cassidy standing in front of the US Capitol building. Sen-Cassidy-introduces-anti-ESG-investing-bill.
U.S. Sen. Bill Cassidy, M.D. (R-LA), introduced a bill to prohibit asset managers from favoring environmental, social, and governance factors when evaluating people’s retirement plans.

Sen. Cassidy introduces anti-ESG investing bill

The growing anti-ESG investing movement claimed a powerful ally last week when a bill to ban ESG consideration was introduced.

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