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May 17, 2024
Image shows a picture of Greg Lindberg
Greg Lindberg signaled a willingness to keep fighting his conviction on bribery charges.

‘We’ll continue to fight’: Greg Lindberg attorney says bribery case isn’t over

An attorney for embattled financier Greg Lindberg hinted at an appeal two days after his client was convicted for a second time on bribery charges.

May 17, 2024
Image showing three dark, imposing figures dressed in business suits, wearing sunglasses, marching down the street in a financial district. Financial-services-firms-waging-war-for-share-of-consumers-wallets.

Winning the war for the highest share of consumer wallet

Exploding consumer engagement with financial services firms is requiring competitors to fight harder for their share of consumers’ wallets.

May 17, 2024
Image shows Matthew Motil and the SEC logo.
Matthew Motil says a plea agreement is near on his alleged fraud case.

‘Cash Flow King’ says plea deal is imminent to resolve Ponzi fraud case

Matthew Motil, host of the podcast, “The Cash Flow King,” has reached a plea agreement with federal investigators to resolve a criminal investigation into an alleged $11 million Ponzi scheme, his attorneys say.

May 17, 2024

Why insurers’ banking relationships matter in AML compliance

Anti-money laundering is often mistaken as a secondary consideration to fraud in the insurance sector when it comes to financial crime.

May 16, 2024
Image of city in the background with greenery and sunshine predominant in the foreground. Nearly-80%-of-American-insurers-plan-to-increase-their-ESG-investment,-survey-finds.

While insurers plan more ESG investment, survey finds challenges

While many insurers plan to increase their ESG investment over the next three years, there are a number of challenges, a recent study finds.

Commentary: Let experts manage retirement risk

May 16, 2024

Think twice before removing pension risk transfers from company toolboxes.

May 16, 2024
Image shows the State Farm logo over a picture of a crash.
State Farm must turn over information related to its vehicle crash value software, a judge ruled.

State Farm ordered to turn over some docs in lawsuit over total loss values

A federal judge ordered State Farm to turn over a portion of the documents plaintiffs requested in their class-action lawsuit over vehicle loss assessments.

May 16, 2024

The high-limit disability niche

Prospects who earn more than $250,000 annually stand to lose more in the long run in the wake of disablement because they simply have more to lose.

May 15, 2024
Greg Lindberg faces mounting court troubles
Greg Lindberg is headed back to prison for bribery and fraud.

Greg Lindberg faces up to 30 years in prison after guilty verdict on bribery charge

Greg Lindberg, former owner of Colorado Bankers Life Insurance Co., was found guilty of bribing the North Carolina insurance commissioner for a second time.

May 15, 2024
Image shows the Congress building and the Department of Labor logo.
House committee passes vote to deny funding for DOL fiduciary rule.

Beltway lawmakers seek a Congressional block on DOL fiduciary rule

A pair of resolutions filed today — one in the House, one in the Senate — seek to preempt the Department of Labor Retirement Security Rule and its fiduciary duty.

May 15, 2024
Image shows toy people and coins.
Finding a successor that shares your values, your passion for clients and has a similar philosophy and competency may take years.

Considerations for defusing the coming explosion in succession planning

In the realm of financial services, it is widely acknowledged that many financial advisors are approaching retirement age, with a sparse representation from younger demographics.

May 15, 2024
Image of the map of the USA with small people populating each state and an overlay of long-term care patients. Where-does-U.S.-stand-with-public-long-term-care-States-to-watch.

Where does U.S. stand with public long-term care? States to watch

Since Washington State launched its publicly funded long-term care insurance program, six more states have begun eyeing possible public financing.

May 15, 2024

How insurers can leverage AI to drive innovation within the policy lifecycle

These tech tools will help organizations lower their risk profile, stay ahead in today’s threat landscape, and help insurance companies assess and manage risk more accurately.

May 14, 2024
Image shows the Country Financial logo in front of a courthouse scene.
The U.S. Supreme Court rejected a petition brought by Country Mutual Insurance policyholders this week.

SCOTUS declines to hear lawsuit over Country Mutual Insurance profits

The U.S. Supreme Court declined to intervene Monday in a lawsuit brought by Country Mutual Insurance Co. policyholders alleging the insurer is hoarding profits.

May 14, 2024
Image shows the words, "Life Premium Drops Year Over Year."
New annualized life insurance premium dropped in Q1, but it's not all bad news, LIMRA says.

New annualized life insurance premium dips in Q1, LIMRA reports

Total individual life insurance new annualized premium slipped 1% year over year to $3.76 billion in the first quarter, according to LIMRA’s preliminary U.S. Life Insurance Sales Survey.

May 14, 2024

Gen Z clients may be the right fit for the new breed of IUL products

An IUL policy presents an opportunity for significant growth for young adults who have a long investment horizon.

May 14, 2024
Illustration of dollar bills appearing chunky. Chunky-spending-becoming-the-retirement-norm.

‘Chunky’ spending becoming the retirement norm

The right mix for retirement planning doesn’t mean million-dollar portfolios, but, often, advice for “chunky” spending, a recent study finds.

May 13, 2024
Image shows the Globe Life logo.
Another research report is out accusing a Globe Life subsidiary of widespread abuses.

Former American Income agent surrenders license in phony life app flap

A Pennsylvania agent found to be selling fictitious life insurance policies is providing more ammunition for critics of Globe Life Insurance Co.

May 13, 2024
Illustration showing many people receiving long-term care. Experts-say-Medicaid-wont-solve-Americas-long-term-care-problem

Experts say Medicaid won’t solve America’s long-term care problem

Faced with providing affordable long-term care for a rapidly aging population, one expert says relying on Medicaid cannot be a solution all on its own.

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