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From the Field: Expert Insights RSS Get our newsletter
February 12, 2024
Illustration of a young person in business attire looking dazed and at a loss as financial documents, and electronic devices swirl around him. As-retirement-exodus-looms-rookie-advisor-failure-rate-at-72%-study-finds.

As retirement exodus looms, rookie advisor failure rate at 72%, study finds

As 109,093 advisors plan to retire, the rookie-failure rate hovers around 72%, according to “The Cerulli Report—U.S. Advisor Metrics 2023.”

February 9, 2024
Image of upward trending financial graphs, with a giant "$1.5B." Allstate-reports-Q4-net-income-of-$1.5.

Allstate has strong Q4, reports net income of $1.5B

Allstate reported 2023 Q4 adjusted net income in the of $1.5 billion on revenues of $14.8 billion, up 8.7% from the same period in 2022.

February 9, 2024

How financial advisors can approach the Walmart manager niche

Walmart announced it is raising its managers’ pay significantly. Maybe those managers need financial advice?

February 9, 2024
Image shows the Apollo Global Management logo
Apollo Global Management reports soaring profits in the fourth quarter.

Athene dominates annuity sales, but Apollo execs have even bigger plans

Apollo Global Management executives talked about the potential for a lot more from Athene today during a conference call with Wall Street Analysts on Apollo’s successful fourth-quarter earnings report.

February 8, 2024
Image of downward trending financial graph, with $1.2B label and Lincoln Financial Group logo. Lincoln-Financial-sees-Q4-loss-of-$1.2B.

Lincoln Financial sees Q4 net loss of $1.2B

Lincoln Financial Group reported a net Q4 loss of $1.2 billion and a loss of $835 million for the full year of 2023.

February 8, 2024
Equitable Holdings logo against a backdrop of financial graphs showing mixed results. Equitable-Holdings-cite-momentum,-resilience-in-face-of-economic-headwinds.

Equitable Holdings cites momentum, resilience in face of economic headwinds

Equitable Holdings, Inc. cited resilience in the face of strong headwinds, and steady growth in its 2023 Q4 and full-year financial results. 

February 8, 2024
Prudential logo against a backdrop showing $2.4B with large financial graphs.

Prudential reports turnaround, $2.48B net income for 2023

Prudential Financial Inc. Wednesday announced a significant turnaround in 2023, with net income reaching $2.48 billion,

February 8, 2024

How employers and TPAs can ease the rising cost of specialty drugs with medical rebates

As the Food and Drug Administration’s approval pipeline becomes increasingly populated by specialty drugs, it’s critical for all employers to explore medical rebate opportunities, where they can, to mitigate costs. 

February 7, 2024
Image shows the Brookfield logo
Brookfield reported strong cash on hand following Q4.

Brookfield touts future ability to reel in $15-$20B annually from insurance

Brookfield Asset Management executives are making big plans for the insurance assets it will control when its acquisition of American Equity closes soon.

February 7, 2024

AI: 4 trends for insurers in 2024

As artificial intelligence adoption continues to surge, 2024 is poised to see significant strategic shifts in how insurance companies leverage this technology.

February 7, 2024
Image shows stop signs in front of the SEC building.
A proposed SEC rule on technology would stifle innovation, a pair of senators say.

Senate bill would block SEC rule to regulate technology in financial services

A pair of Republican senators say a proposed rule to better regulate the use of artificial intelligence in financial services will end up stifling innovation instead.

February 6, 2024
Image shows the KKR logo
KKR reported a 4% rise in Q4 earnings.

KKR fuels up with Q4 cash off big Global Atlantic annuity sales

KKR reported big fourth quarter earnings, thanks in large part to its insurance holding, Global Atlantic.

February 6, 2024
Image shows the words, "Life Insurers Adjust Rates."
Life insurers are making rate changes due to a fluctuating economy.

Rates on the move as Fed vows to slash interest rates

The Federal Reserve left interest rates unchanged during its most recent meeting, but annuity sellers are preparing for the cuts to come by adjusting rates.

February 5, 2024
NY skyline being seen by an AI-inspired character. NY's-proposed-AI-rules-seen-as-just-the-start-for-insurance-carriers.

NY’s proposed AI rules seen as just the start for insurance carriers

New York’s recently proposed rules on how insurance carriers should use AI is a likely harbinger of what’s to come from U.S. regulators,

February 5, 2024
Image showing photos of happy people behind ascending stacks of blocks with percentage signs. Lifting-communities-by-raising-credit-scores

Lifting communities by raising credit scores

Credit scores are the difference between thriving communities and communities of despair, a financial literacy advocate said.

February 5, 2024
Image shows the Cigna logo in front of a courtroom scene.
Cigna is asking a California court to toss out a lawsuit over its coverage decisions.

Cigna asks court to toss lawsuit accusing it of improperly rejecting claims

Cigna filed a motion Thursday to dismiss a class-action lawsuit accusing the insurer of improperly rejecting medical claims.

February 2, 2024
Image shows the words "Annuity King" and a crown.
Phillip Roy Wasserman is appealing his conviction and sentence.

‘Annuity King’ prepares appeal from conviction, 15-year prison sentence

Phillip Roy Wasserman is expected to file an appeal today from his fraud conviction and 15-year prison sentence.

February 2, 2024
Image of a senior couple holding a laptop, and being surrounded by graphic representations of cutting edge technology. Seniors-retirees-will-benefit-from-AI-advances-experts-say.

Seniors, retirees will benefit from AI advances, experts say

According to tech and financial experts, seniors will greatly benefit from AI, without ever needing to know it’s working for them.

February 2, 2024
Image of a consumer looking at a financial report on a tablet, with the words "Flat Fees" in the background. Consumers-favor-flat-fees-for-financial-planning-investment-services.

Study: Consumers favor flat fees for financial planning, investment services

A new study finds flat fees are emerging as a favored way for consumers to pay for financial planning and even for investment management.

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