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August 27, 2024

New LIMRA research head Bryan Hodgens talks annuity and life sales with INN

Bryan Hodgens recently joined John Hilton, senior editor for InsuranceNewsNet, for a discussion of his new role as head of LIMRA research.

August 27, 2024

‘Silent AI’: Consulting firm alerts insurers about risks

“Silent AI” refers to potential risks in traditional property and liability insurance policies that are associated with the use of artificial intelligence but are neither explicitly included nor excluded.

August 27, 2024
Image shows the Cigna logo
Cigna is asking a California federal court to dismiss a lawsuit accusing it of improperly denying claims.

Cigna says 4th lawsuit still shows no evidence of improper claim denials

Plaintiffs have had four chances to make a case that Cigna improperly rejected medical claims, the health insurer said in a new court filing.

August 26, 2024
Illustration showing many independent insurance agents standing on a hill against a beautiful sky. How-the-rise-of-independent-distribution-is-changing-the-industry

Independent distribution: How it’s changing the industry

As the number of independent advisors has grown, the influence of intermediaries has grown as well.

August 26, 2024
Image that shows a split screen: on one site a happy couple that works with a financial advisor, and on the other, an unhappy couple that does not. Does-working-with-an-advisor-really-provide-benefits-to-consumers.

Does working with an advisor really provide benefits to the consumer?

Does having a financial advisor truly make a difference? A recent Northwestern Mutual study has some answers.

August 23, 2024
Image shows Fed Chair Jerome Powell
Fed Chair Jerome Powell says it is time for interest rate policy to change.

Time ‘to adjust’ on interest rates, Powell says, hinting at cuts to come

Federal Reserve Chair Jerome Powell confirmed what the financial markets and monetary policy watchers were expecting in a speech Friday: interest rate cuts are coming.

August 23, 2024
Image shows "Q2"
Annuity sales remained strong in the second quarter.

Annuity sales ignore all disruptions in another strong quarter, Wink finds

Sales for all annuities climbed nearly 4% compared to the previous quarter, according to Wink’s Sales & Market Report.

August 23, 2024
Image shows a courtroom scene and the AXA logo
A federal appeals court ruled partially for a policyholder who claims AXA did not inform him of a possible policy lapse.

Lawsuit revived for man who lost $16M in life policies on a missed payment

A federal appeals court gave a partial win to a Connecticut man claiming that AXA Equitable allowed his life insurance policies to lapse without any payment reminder.

August 22, 2024
Image of multiple people communicating in different ways, with a large number "5" overlaying the image. 5-communication-best-practices-for-enhancing-client-retention.

5 communication best practices for enhancing client retention

When it comes to retaining clients, client communication can prove an asset. What are best practices for client communication?

August 22, 2024
Image shows the U.S. Capitol in shaded colors.
The Department of Labor's latest fiduciary rule attempt is stalled in court.

Next president might control fate of DOL fiduciary rule, analysts say

While likely not a top issue for them, either Donald Trump or Kamala Harris will likely end up deciding the fate of the DOL effort to extend fiduciary duty.

August 21, 2024

Will life insurance be the next product to go ‘green’?

With so much consumer interest in healthy living and sustainability, will the life insurance industry begin to offer “green” life insurance?

August 21, 2024
Image shows the words "AuguStar" and "New IUL."
AuguStar is out with a new indexed universal life product.

AuguStar rounds out product lineup with new IUL

AuguStar Life continues to round out its product lineup with a new indexed universal life offering.

August 21, 2024

Planning for retirement beyond Social Security

Social Security was never intended to be the only source of income after retirement.

August 21, 2024
Image of a dejected financial professional in the midst of a sales slump. How-to-recognize--and-get-over--a-sales-slump.

How to recognize – and get over – a sales slump

Sales slumps are inevitable, no matter your experience level. We talk to some experts who can help you break through.

August 20, 2024
Image shows a man with the words, "Explain this."
NAIC regulators are interested in the industry providing better illustrations for life insurance and annuities.

Execs, regulators debate merits of illustration rules, areas that need work

State regulators hosted a panel looking into life insurance and annuity illustrations for flaws that can be corrected.

August 20, 2024
Image shows the word "Flat" over top of a pile of money.
Life insurance new premium is not growing, LIMRA reports.

High interest rates put chokehold on whole life in flat Q2 , LIMRA finds

New life insurance premium declined 1% during the first half, and the total number of policies sold was level with 2023, LIMRA reports.

August 20, 2024
Image of a typical middle-class American family. Achieving-life-insurance-success-with-middle-income-Americans.

Achieving life insurance success with middle-income Americans

Recent study reveals middle-income Americans represent the largest market opportunity for the financial-services industry.

August 20, 2024

Life insurers depend on technology to stay compliant

Investing in the right product technology is crucial for insurers to maintain compliance while also adapting quickly to regulatory changes.

August 19, 2024

Amazonification has changed insurance marketing

Amazon has influenced nearly all our transactions – including shopping for insurance.

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