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March 27, 2024
Image shows the bridge and the figure $1B.
Insurance coverages will play a huge role in sorting out the Key Bridge collapse.

Francis Scott Key Bridge collapse likely to result in billions in losses, insurance claims

The tragic collapse of the Francis Scott Key Bridge Tuesday morning will eventually trigger insurance claims that will likely cost billions, AM Best said.

March 27, 2024
Graphic illustration of young man and woman with financial literacy materials. The-business-case-for-enhancing-your-clients-financial-literacy.

The business case for enhancing your clients’ financial literacy

Agents and advisors are focusing on enhancing clients’ financial literacy, providing benefits for both advisor and clients.

March 27, 2024
Image of the medical caduceus symbol. Medicaid-unwinding--More-than-18M-disenrolled-from-coverage-so-far.

Medicaid unwinding: More than 18M disenrolled from coverage so far

The Medicaid Unwinding is nearly a year old, and more Medicaid recipients than expected have been disenrolled from the public health insurance program, statistics show.

March 27, 2024

Harnessing conversational AI: A game-changer for advisors

Conversational AI will change the way advisors interact with clients – are you ready?

March 26, 2024
Image shows the words "Alleged Fraud" against a background of money and the New Jersey state seal.
A former New Jersey man is accused of ripping off investors through multiple schemes.

Feds allege that former NJ man funded high-flying life via investor fraud

A former New Jersey man used “a litany of fraud schemes” to steal millions of dollars from investors, the state U.S. Attorney’s Office said.

March 26, 2024

How can the industry inspire the next generation of women in insurance?

By mentoring, fostering open dialogue, and driving advancements in the industry, we can cultivate a culture of innovation and continuous improvement.

March 26, 2024
Image of an older man holding a bag of money while his family stands silently in the background. Many-Americans-have-no-plans-to-discuss-wealth-transfer-with-their-families.

Many Americans have no plans to discuss wealth transfer with families

More than a third of Americans (35%) do not plan on discussing transfer of wealth with their families, according to recent research.

JPMorgan, BOA, others reach $70M settlement for alleged municipal bond fraud

March 25, 2024

A $70 million settlement in a whistleblower lawsuit against eight of the nation’s largest banks has been finalized and executed,…

March 25, 2024
Image of image of Congress covered by a post-it note with "Health Care" and "Retirement" crossed out. Congress-unlikely-to-take-up-health-care,-retirement-issues-this-year.

Congress unlikely to take up health care, retirement issues this year

However, some bipartisan health care reforms could come before Congress at the end of 2024.

March 25, 2024
Image shows the State Farm logo over an accident scene.
State Farm says all major insurers use one of three vehicle loss valuation tools.

State Farm, plaintiffs trade barbs in lawsuit over total loss values

State Farm is scheduled to argue for a partial summary judgment Thursday before a federal judge in Illinois as it defends another class-action lawsuit over vehicle loss assessments.

March 25, 2024

Regulators adopt first climate strategy in bid to boost insurance markets

State insurance regulators adopted their first climate strategy in the hopes of stabilizing chaotic insurance markets.

March 25, 2024

Commentary: Another view of Biden’s prescription drug cost initiative

Prescription drugs must be made more affordable but there are unintended implications of enforcing government price setting.

March 22, 2024
Illustration showing a number of individuals considering long-term care options. Long-term-care-insurance-Public-v-Private-Whats-working.

Long-term care insurance: Public v. Private – What’s working?

Long-term care is an issue for states as well as consumers. Are publicly funded programs the answer?

March 22, 2024
Illustration with imagery representing 3 trends that will impact the insurance industry in 2024. Insurance-industry-to-be-impacted-by-high-interest-rates,-greater-AI-adoption.

Insurance industry to be impacted by 3 trends in 2024, says expert

The insurance industry will be impacted by three trends in 2024.

March 22, 2024
A diverse group of financial services consumers pondering their wants and needs. What-do-consumers-want-from-financial-services-firms.

What do consumers want from financial services firms?

A new report is shedding light on consumer wants, including the need for clear and understandable fees and unbiased service.

March 21, 2024

Financial downsizing for a more comfortable retirement

Downsizing in later years is more than about moving to a smaller home.

March 21, 2024
Illustration showing the Colorado state flag and people using AI technology. Colorado-gears-up-to-add-AI-regulations-for-health-insurance.

Colorado gears up to add AI regulations for health insurance

Colorado has opened a public commentary period for its proposal to introduce regulation to govern the use of AI in health insurance.

March 21, 2024
State seals of Washington and California, overlayed by the words: LTC A Tale of Two States. Washington-and-California-A-tale-of-two-states-and-LTC.

Washington and California: A tale of two states and LTC

A California task force makes recommendations for a publicly funded long-term care program in that state while Washington state looks at ways to supplement its own program.

March 21, 2024
Image shows a metal door with the words, "Regulators at work."
Insurance regulators say producer oversight to sell annuities is lax under new sales rules.

Regulators consider guideline to best-interest rule to address ‘deficiencies’

State insurance regulators plan to issue guidance on its best-interest annuity sales model after reviews turned up “deficiencies” in producer monitoring.

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