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January 23, 2024
An image of people in business attire looking very worried, with the Department of Labor logo nearby. Independent-contractor-rule-proposal-draws-angst-confusion.

Independent contractor rule proposal spurring angst, confusion

The DOL’s independent contractor rule proposal has met with resistance, confusion, and continued legal action by labor organizations

January 23, 2024

The disadvantages of using AI in a direct-to-consumer model

How consumers and advisors could be hurt if insurance distribution uses artificial intelligence to move to a direct-to-consumer model in the wake of the Department of Labor’s proposed fiduciary rule.

January 23, 2024
Image shows the words "Strong Investment Earnings."
Life insurers are likely to post healthy earnings for the fourth quarter and full-year 2023.

Life insurers should deliver solid Q4 and full 2023 earnings, analyst says

Analysts anticipate life insurers, despite some minor red flags, will post strong fourth-quarter and full-year 2023 earnings in the coming weeks.

January 22, 2024
Image showing a mob scene with cars on fire and an unruly mob. Insurance-policies-adding-insurrection-riots-as-exclusions.

Insurance polices adding ‘insurrection,’ ‘riots’ as exclusions

A number of healthcare insurance companies have added “insurrection” and “riots” to their list of excluded benefit payments.

January 22, 2024

How AI could revolutionize direct-to-consumer insurance in the wake of DOL proposal

The pros and cons of how AI can reduce or even eliminate the need for licensed insurance agents, empowering distributions to embrace a direct-to-consumer approach and ushering in a new era of efficiency, cost-effectiveness and customer-centricity.

January 22, 2024
Image showing a line of people tethered together in front of the California state logo.
California is considering a best-interest annuity sales law.

California legislators again consider best-interest annuity sales bill

A California Assembly committee finally released a best-interest annuity sales bill favored by industry lobbyists this week, but not everyone is happy the bill is back on track.

January 19, 2024
Image shows the Oxford Economics logo.
A new study by the Financial Services Institute claims the DOL fiduciary rule proposal would cost a lot more to implement than expected.

Oxford Economics study: DOL fiduciary rule price tag is $2.7B in year one

A study commissioned by the Financial Services Institute finds that the Department of Labor fiduciary rule proposal would cost firms $2.7 billion to implement.

January 19, 2024

The impact of telematics on automotive insurance

Although it is tempting to incorporate modern technology into your services as quickly as possible, insurance software experts strongly recommend exploring the advantages and limitations of telematics first.

January 19, 2024
Image showing an older person walking into a dark tunnel. Few Americans take a holistic view of retirement planning, study finds.

Few Americans take a holistic view of retirement planning, study finds

Only a small percentage of retirees take a holistic retirement view and include activities such as pastimes in their plans, a study finds.

January 18, 2024
Image shows the word "settled" over the Robinhood logo.
Robinhood will pay $7.5 million to settle enforcement actions brought by Massachusetts regulators.

Robinhood agrees to $7.5M penalty to settle ‘gamification’ charges

Online brokerage Robinhood will pay a $7.5 million fine in a settlement with Massachusetts’ securities regulators, who say that it encouraged inexperienced investors to place risky trades.

January 18, 2024
Image of a woman surrounded by an alarm clock, with many different reminders, including post-it notes.

10 time-management tips for a productive 2024

We asked high-performing advisors for tips to help financial professionals manage their time, reduce stress, and increase efficiency in 2024.

January 18, 2024
Image shows a city scene and AI imagry.
New York regulators are taking steps to determine how insurers are using AI.

NY regulators focus on potential for AI discrimination by insurers

Citing concerns over “systemic biases” creeping into insurance, New York State regulators are taking the first steps toward regulating the use of artificial intelligence.

January 18, 2024
Image as seen looking through a car windshield going down a treacherous road with a sign reading "Caution, Rocky Road Ahead."

Rocky road for property and casualty insurance continues

It’s clear that all is not right with the property and casualty industry – and that it’s going to get worse before it gets better.

January 18, 2024

Health benefits trends: New solutions for employers

Health benefits that deliver true return on investment are top of mind for employers who face rising costs and increasing pressure to offer competitive yet affordable health benefits that go beyond just the safety net of traditional insurance.

January 17, 2024
Image showing three generations of an African-American family.

Helping African American families create generational wealth with life insurance

African American families own life insurance but not enough of that to create generational wealth. A group of panelists shared their thoughts on how to reverse this.

January 17, 2024
Image shows the words, "NAIC annuity sales rules" against a map of the U.S.
Forty-one states have adopted NAIC best-interest annuity sales rules.

Lobbyists race to make best interest a blanket standard in final few states

Forty-one states operate under new best-interest annuity sales standards based off a model put forth by the National Association of Insurance Commissioners.

January 17, 2024

Helping clients embrace semi-retirement

Semi-retirement is the latest trend among older Americans who aren’t quite ready to leave the workforce for good.

January 16, 2024
Image of the ERISA act with "50 Years" superimposed.

Committee lists policy priorities as ERISA marks 50 years

At the top of the list is implementing transparency, accountability and affordability in health care markets. 

January 16, 2024
Magnifying glass showing a close up view of person in a business suit looking out over a financial district. Need-for-financial-advice-drives-more-secondary-accounts-to-wealth-management-firms.

Need for financial advice drives more secondary accounts to wealth management firms

In their search for financial advice, more Americans are shifting deposits from traditional banks to financial firms.

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