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July 31, 2024
Image shows Greg Lindberg with a courthouse scene in the background.
The federal government seeks significant forfeiture from disgraced financier Greg Lindberg.

Feds seek $1.5M forfeiture from Greg Lindberg after bribery conviction

Federal government attorneys are asking a court to order forfeiture of nearly $1.5 million in funds previously seized from disgraced financier Greg Lindberg.

July 30, 2024

High drug costs, inflation impacting workplace health plans

Workplace health plans continue to see rate increases as employers deal with high prescription drug costs and lingering inflation.

July 30, 2024
Image of the SEC logo, with a background of financial charts and a person typing in numbers. SEC’s ‘best interest’ rule fails to live up to initial promise, panel says.

SEC’s ‘best interest’ Reg BI rule fails to live up to initial promise, panel says

The Reg BI “best interest” rule adopted by securities regulators five years ago has not nearly lived up to its promises, a panel says.

July 30, 2024
Image shows the words "Reinsurance Guidelines."
Regulators continue to tackle offshore reinsurance issues.

Regulators push for draft reinsurance guideline by summer meeting

A state insurance panel plans to preview a draft actuarial guideline aimed at tightening oversight of offshore reinsurance assets at its August summer meeting in Chicago.

July 29, 2024
Image shows the words "DOL Lawsuit Update."
A second federal judge granted a stay of the Department of Labor's new fiduciary rule.

Second stay granted to defendants suing the DOL over its fiduciary rule

A second federal judge granted a stay of the effective date Friday halting the Department of Labor’s Retirement Security Rule until the full case can be heard.

July 26, 2024
Image shows a defiant man against a darkening sky
The Department of Labor stands behind its latest fiduciary rule version, a spokesperson said.

DOL unrepentant after fiduciary rule plaintiffs prevail on injunction

One day after a Texas judge granted a preliminary injunction freezing its current fiduciary rule, a DOL spokesperson said regulators continue to believe in the strategy.

July 26, 2024
Image of the globe from space, centering on Florida and showing climate disturbances. 1-in-7-Floridians-lacks-homeowners-insurance-despite-major-climate-risks.

1 in 7 Floridians lacks homeowners insurance despite major climate risks

About 1 in every 7 Floridian homeowners is choosing to go without property insurance, despite the risk of catastrophic weather events.

July 26, 2024
Image shows the Globe Life logo and the words "Q2 results."
Globe Life is facing continued criticism but its economic results remain strong.

Globe Life execs say internal audit cleared it of fraud, improper life sales

Globe Life executives sought to put myriad allegations of fraud and agent misconduct in the rearview by announcing that an audit found no wrongdoing.

July 26, 2024
Image of a hurricane as seen from the outer atmosphere. Hurricane season could top last year’s $100B damage costs, experts say.

Hurricane season could top last year’s $100B damage costs, experts say

The hurricane season this year might exceed the $100 billion in property damage from hurricanes in 2023, experts say.

July 25, 2024
Department of Labor. Texas court stays DOL fiduciary rule

Texas court stays DOL fiduciary rule

Saying the plaintiffs were likely to succeed on the merits of their claim, a Texas court has stayed the DOL’s 2024 fiduciary rule.

July 25, 2024
American flag flying in the foreground with the Supreme Court building and the word "Chevron" superimposed across the sky. Bill-filed-to-reinstate-recently-overturned-Chevron-Doctrine-by-SCOTUS.

Bill filed to reinstate recently overturned Chevron doctrine

Saying the courts and corporations have hijacked the government, a group of senators have filed a bill to reinstate the Chevron Doctrine.

Federal court blocks Medicare Advantage compensation rule

July 25, 2024

The U.S. District Court for the Northern District of Texas issued a stay earlier this month preventing the Centers for Medicare and Medicaid Services from implementing a new rule changing compensation rules for professionals providing products and services related to Medicare Advantage and Medicare Part D programs. 

July 25, 2024
Image shows a Penn Treaty web page
Penn Treaty long-term care policy owners spent years trying to get their funds.

Regulators discuss the benefits of updated IRMA language for receivership

An insurance panel reminded state regulators that updated rules are available to help consumers get more funds from a receivership case.

July 24, 2024
Image shows the words, "Annuity Sales Record."
Annuity sales remain hot, with more records falling in the first half of 2024.

Annuity sales set another record in first half of 2024

Total annuity sales hit a whopping $215.2 billion in the first half of 2024, a 19% jump from prior year results, according to preliminary results from LIMRA’s U.S. Individual Annuity Sales Survey.

July 24, 2024

How affluent individuals and families use PPLI for legacy planning

Private placement life insurance has emerged as a strategic tool for affluent individuals and families.

July 24, 2024
Image shows a courtroom scene with the Texas flag.
A Texas judge will decide whether to grant a preliminary injunction against the Department of Labor fiduciary rule.

Texas judge weighs ‘party restrictive’ injunction to halt DOL fiduciary rule

A Texas judge could decide this week on a preliminary injunction request to freeze the Department of Labor’s latest fiduciary rule.

July 24, 2024
Image of a bright sunrise with the legend "Q2 Earnings" overlaying it. Brighter-outlook-seen-for-Q2-insurance-industry-earnings.

Brighter outlook seen for insurance industry Q2 earnings

As insurers prepare to release Q2 financial earnings, some, if not many, of the negative factors they’ve faced recently have diminished.

July 23, 2024
Image shows an ocean scene and the word "reinsurance."
Industry trade representatives are not happy with proposed new reinsurance rules.

Regulators hear industry ire over proposals to toughen reinsurance deals

Life insurers are unhappy with proposed tougher reinsurance oversight and let regulators know Monday during a working group call.

July 23, 2024

How Medicare drug price negotiations could impact your clients

Not all Medicare Part D beneficiaries will benefit equally from drug price negotiations.

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