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.
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.
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?
Insurance industry to be impacted by 3 trends in 2024, says expert
The insurance industry will be impacted by three trends in 2024.
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.
Financial downsizing for a more comfortable retirement
Downsizing in later years is more than about moving to a smaller home.
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.
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.
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.
Carriers must act now to tackle alarming rise in hailstorm losses
Hailstorm losses are on the rise, and that is putting pressure on insurers to pay out increasingly higher claims.
NAIC takes aim at improper health insurance marketing
Marketing of Medicare Advantage plans and Affordable Care Act marketplace plans is a priority for the National Association of Insurance Commissioners Improper Marketing of Health Insurance (D) Working Group.
Regulators resolve to check up on products for illustration integrity
Instead of further rulemaking to tamp down unrealistic illustrations, regulators are going directly to the products.
How social media makes client acquisition smarter and cheaper
Social media such as Instagram and LinkedIn enables advisors to target their ideal clients in an efficient and cost-effective manner.
Record catastrophic weather hits insurance claims, customer satisfaction
Catastrophic weather events have an adverse impact of the insurance claims process – and on customer satisfaction.
Insurance regulators vow to have a single LTC rate review plan by the fall
State regulators promise to develop a single rate review process for long-term care rate requests by the end of the year.
Regulators proceed with asset testing proposal for reinsurance deals
State insurance regulators are seeking comments on a proposal to further regulate insurers involved in often multi-billion-dollar reinsurance deals with offshore companies.
Calls to end LNG investment draw silence
A letter demanding insurance companies and others end underwriting new LNG terminals mostly was met with silence from the industry.
Helping professional women grow and protect their wealth
Women who are in high tax brackets tend to be busy professionals who don’t have the time to manage their money or plan for their financial future. So they turn to someone like Samantha Holowka for help.
Level of financial insecurity remains high, study finds
While Americans have a more optimistic view of U.S. economy than they once did, their feelings of financial security have hit a record high.
