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April 23, 2024
Image shows a man with his mouth covered by tape and the Department of Labor logo.
The Department of Labor says its new fiduciary standard will take effect Sept. 23.

Fiduciary rule to take effect Sept. 23, setting stage for major changes, legal battle

Department of Labor officials ushered in what is sure to be a fierce, and lengthy, legal battle today with a preview of its long-awaited, and industry despised, Retirement Security Rule.

April 23, 2024
Image shows a gavel and the words, "Plea Deal."
Caz Craffy pleaded guilty to defrauding Gold Star families a week before his trial was set to begin.

Former Army financial counselor guilty of ripping off Gold Star families

Caz Craffy, former financial adviser in the Army, pleaded guilty last week to scamming grieving Gold Star families out of millions through a series of insurance fraud schemes.

April 23, 2024

Best practices for identifying compliance risks

Compliance incident management involves identifying, evaluating and mitigating incidents that might constitute breaches of laws, regulations or company policies.

April 22, 2024

Report: DOL to release fiduciary rule Tuesday

The Department of Labor is set to release its long-awaited fiduciary rule on Tuesday afternoon, the American Retirement Association reported today.

April 22, 2024

Help parents of special-needs children plan for their financial future

Parents of a child with special needs are haunted by one question: “Who will take care of my child when I’m gone?”

April 22, 2024
Image shows a doctor in a computer data graphic
Life insurance lobbyists are trying to prevent further laws that ban insurers from using genetic testing.

State genetic information bans not necessary, life insurance lobbyists say

A 2020 Florida law banning life insurers from using genetic information prompted industry trade groups to educate lawmakers on how life insurance works.

April 19, 2024

The 1960s – the decade and the workers who were born in it

The unique intersection of a decade, an age bracket and the value they bring to organizations.

April 19, 2024
MassMutual

MassMutual partnership with Insurify enables advisors to help clients comparison shop for P/C

MassMutual financial professionals can now offer their clients and prospects property/casualty insurance, thanks to a partnership between MassMutual and Insurify.

April 18, 2024
Image shows the words "Premium Financing Lawsuit" against a judicial scales photo.
A premium financing lawsuit in New York is attracting attention.

NY lawsuit over premium financing tests oversight promised by Reg 187

A premium financing deal gone bad in New York State could test the state’s tough Regulation 187 best-interest rule.

April 17, 2024
Illustration showing a spiral of money around a toy house, with the words "A La Carte Insurance" overlapping. Spiraling-insurance-costs-spur-homeowners-to-seek-a-la-carte-coverage.

Spiraling insurance costs spur homeowners to seek a la carte coverage

Due to  spiraling homeowners insurance costs, more people are opting for insurance coverage for what they might truly need, a la carte.

April 16, 2024

What to include in a digital estate plan

What does this mean when it comes to estate planning and what information should we include for the loved ones we’ll leave behind?

April 16, 2024
Image showing sun brightening over a metro financial area, with the label "Industry Outlook Brightens" overlapping. As-Q1-2024-earnings-near,-insurance-industry-outlook-brightens.

As Q1 2024 earnings near, insurance industry outlook brightens

As first quarter 2024 financial results near, most analysts and execs predict a good – or even better – outlook for insurance carriers.

April 15, 2024
Image of a female financial services professional at work. Women share their challenges in the financial services industry.

Women share their challenges in the financial services industry

As women make their way up the corporate ladder in the largely male-dominated financial services industry, many have faced obstacles.

April 15, 2024
Image of the Globe Life logo across a background of a $100 bill. Globe-Life-accused-of-rampant-fraud-by-short-seller.

Globe Life accused of rampant insurance fraud by short-seller report

Globe Life is reeling after a report Thursday accused brokers at subsidiary American Income Life of widespread insurance fraud.

April 12, 2024
Image of a man locked up behind bars. Iowa-advisor-accused-of-client-fraud-caught-by-the-FBI.

Iowa advisor schemed to defraud clients, making FBI Most Wanted list

An advisor wanted for allegedly ripping off clients for $1.5 million was captured by the FBI last week after a short time on the run.

April 12, 2024

Working backward to move forward: Debt management strategies

By Renee Hanson Tackling debt can feel like navigating a maze. For individuals burdened by high levels of debt, the…

April 12, 2024
Image shows men in shadows and the Empower logo.
Empower has reached a settlement with 13 breakaway advisors.

Empower reaches tentative deal with 13 ex-advisors it sued for poaching

Empower reached a settlement agreement with 13 advisors who left the firm to create a competing advisory business.

April 12, 2024

How insurance companies can speak their customers’ language

Language barriers make it difficult for people with limited English proficiency to file claims.

April 11, 2024
Image shows the Department of Labor logo and people shaded in the background.
The DOL is asking a court to vacate its controversial Retirement Security Rule.

OMB completes review of Labor Department’s polarizing fiduciary rule

The White House Office of Management and Budget announced that it has concluded a review of the Department of Labor’s controversial fiduciary rule.

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