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February 19, 2024
Image of medical personal below a sign reading "Johnson & Johnson." J&J-drug-pricing-lawsuit-seeks-class-action-status.

J&J drug pricing lawsuit seeks class action status

Lawsuit accuses drug giant Johnson & Johnson of mismanaging its employee benefits program and overcharging for drugs.

February 16, 2024
Image shows the Department of Labor logo with the House of Representatives in the background,
The DOL fiduciary rule proposal was sharply criticized during a House hearing.

Hearing speakers trade barbs on whether DOL fiduciary rule hurts or helps

A House committee revived debate over the Department of Labor fiduciary rule Thursday, leading to extended discussion on what is best for retirement savers.

February 16, 2024
Image of many AI robots lined up, awaiting instruction. How-insurers-can-manage-third-party-contractors-for-AI.

How insurers can manage third-party contractors for AI

With insurers looking to outsource AI expertise, here are some recommendations they can use to better manage third-party AI contractors.

February 16, 2024
insurers

What insurers need in order to win in 2024

Insurers that focus on customer experience, enabled by advanced digital technologies, will win in 2024.

February 16, 2024
Social Security Administration logo against a background of increasing ages, ranging from 68 to 70. Social-Security-Panel-recommends-steps-to-ensure-solvency.

Social Security: Panel recommends steps to ensure solvency

Social Security reform requires a bipartisan congressional Commission on Fiscal Responsibility, the Committee for Economic Development said in a policy brief.

February 15, 2024
Image shows the Corebridge Financial logo.
Corebridge executives touted soaring premiums and deposits and company expense savings.

Corebridge books big loss, touts soaring premiums as AIG split nears

Corebridge Financial reported a $1.3 billion loss in the fourth quarter as it nears full separation from American International Group.

February 15, 2024

Life settlements and taxes: Navigating the complexities

Questions about the taxation of life insurance settlements often arise during the tax preparation season.

February 15, 2024
Image of man looking warily as AI robotic presence. 4 regulation trends for AI use in insurance for 2024.

4 regulatory trends for AI use in insurance for 2024

Four key regulatory AI trends insurance firms and professionals can expect to see this year, according to law firm Locke Lord.

February 14, 2024
Image shows an AIG building front.
AIG reports strong Q4 and full-year 2023 financial results.

AIG preparing to say goodbye to life and retirement segment for good

American International Group is down to a 52% ownership stake in Corebridge Financial, its separated life and retirement division.

February 14, 2024
Image of a worker with a paper bag over his head weighing a health icon in one hand vs. an icon representing happiness at work in the other. 1-in-6-workers-stay-on-a-job-they-dislike-for-the-health-insurance.

1 in 6 workers dislike job, but stay for health insurance, study finds

One in six workers dislike their jobs but are staying on because of their health insurance.

February 14, 2024
Image shows the NAIC logo and an X and a check mark.
Some NAIC regulators are concerned about the soundness of reinsurance agreements.

Regulators look to tighten the reins on reinsurance deals

Support is growing among some state insurance regulators to tighten the rules for life insurers entering into reinsurance agreements.

February 13, 2024
Image shows a U.S. flag and a solider saluting in the foreground.
Caz Craffy of Colts Neck, N.J., is charged with six counts of wire fraud and one count each of securities fraud.

Army counselor accused of defrauding Gold Star families faces an April trial

An Army Reserve major who served as a financial counselor with the Army’s Casualty Assistance office and who has been accused of defrauding two dozen Gold Star families will go to trial in April.

February 13, 2024
Image shows the Brighthouse Financial logo.
Brighthouse Financial executives touted its disciplined financial plan during a call with analysts.

Brighthouse reports strong product news to offset poor Q4 results

Brighthouse Financial executives reported strong product developments and solid sales today, but the insurer’s Q4 financial numbers were not as rosy.

February 13, 2024
Image of the state flag of Ohio with a pyramid in the foreground. Ponzi-scheme-losses-to-Ohio-bank-are-insurable-court-rules.

Ponzi scheme losses to Ohio bank are insurable, court rules

Court rejects AIG’s claim that a bank’s losses from a Ponzi scheme run by one of its customers were not insurable.

February 13, 2024
Image of a giant "2024" against a background of financial graphs and charts. Insurance-outlook-for-2024-is-positive-despite-uncertain-environment.

Insurance outlook for 2024 is positive, despite uncertain environment

The insurance outlook for 2024 is generally positive despite being challenged by catastrophes, inflation and mortality rates.

February 13, 2024
Image of an older couple dressed in inexpensive clothing and shopping in the bargain sales section of a clothing store. The-Decumulation-Paradox--Understanding-why-retirees-underspend.

The Decumulation Paradox: Why many retirees underspend

Despite saving for their golden years, many retirees – even affluent ones – tend to underspend. This is termed the “decumulation paradox.”

February 12, 2024
Image of person in medical garb surrounded by technical symbols and imagery. CMS--Medicare-Advantage-insurers-can't-use-algorithms-to-deny-care.

CMS: MA insurers can’t use algorithms to deny care

The Centers for Medicare and Medicaid Services sent a memo to all Medicare Advantage carriers recently, clarifying that MA insurers are not allowed to use algorithms or artificial intelligence-powered tools as basis for denying care or coverage.

February 12, 2024
Image of a group of Gen Z'ers looking stern, with a banner behind them readings "Gen Z demand benefits." Gen-Z-setting-the-tone-for-a-new-standard-of-benefits-engagement.

Gen Z setting the tone for a new standard of benefits engagement

Gen Z employees are more likely to expect a tailored, year-round benefits experience than other employees, according to a recent study.

February 12, 2024
financial advisors

Financial advisors must navigate ethics and tax implications in planning

Financial advisors must incorporate tax professional guidance in comprehensive financial planning.

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