Americans underestimating LTC cost risk to retirement, study finds
Half the financial advisors surveyed believe consumers should be more focused on how long-term care (LTC) costs could impact their retirement.
Employers face complications after ruling on copay accumulator programs
A recent federal court decision means that employers taking advantage of copay accumulator programs now face unexpected administrative complications.
Long-term care insurance: What will it take to revitalize the marketplace?
No aspect of the insurance marketplace seems as fractured as the long-term care insurance market.
Longtime consumer advocate Birny Birnbaum to retire from NAIC duties
David “Birny” Birnbaum, a longtime National Association of Insurance Commissioners-sponsored consumer liaison, is retiring from those duties.
Drop in M&As ‘a return to normal,’ OPTIS exec. says
Although insurance industry acquisitions and mergers have experienced the largest decline ever, one experts calls it a “return to normal.”
Advisors should see digital tools, apps as opportunity, J.D. Power says
Financial advisors can use mobile wealth management apps as a means to increase client engagement and satisfaction, a recent study found.
Just 1 in 5 affluent investors use parents’ advisor
Only one in five affluent investors uses the same advisor as their parents, according to a recent Cerulli Edge study.
Regulators adopt AI bulletin for insurers after final debate over ‘bias’
State insurance regulators made it to the finish line Monday with a bulletin advising insurers on use of artificial intelligence and related technology by insurers.
Long-term care feasibility study participation ‘not what we hoped for’
Long-term care insurance carrier participation by carriers in a feasibility study is “not what we hoped for,” said Kate Eubank of the Society of Actuaries Research Institute at the National Association of Insurance Commissioners Fall Meeting.
58% of life insurers use artificial intelligence or are interested: NAIC survey
Fifty-eight percent of life insurers are either using or have an interest in using artificial intelligence in their businesses, an NAIC working group found.
Commentary: The NAIC must get its house in order
NAIC is not a federal regulatory agency. If it were, it would be subject to the kind of oversight that is expected of such entities.
Little progress for regulators on LTC rate review standard
A National Association of Insurance Commissioners’ working group came no closer Thursday to deciding an LTC rate review standard.
Where did Social Security come from?
Social Security and Medicare may have begun with the general intent of providing welfare and assisting older adults with inadequate income, but they morphed into an entitlement not always connected to being needy.
Fed says era of spiraling interest rates may not be over
The Fed raised the possibility that capping inflation at 2% might not be achieved without another tweak or two to the federal funds rate.
A Taxing Problem: Many tax policy changes slated for 2024
The SECURE Act and its companion, SECURE 2.0, introduced several changes to retirement saving and associated tax implications for 2024. Likewise, the looming presidential election will have major influence on the direction of tax policy.
Inflation driving changes to projected 2024 tax rates
For a second year in a row, inflation is expected to negatively impact projected tax rates for 2024.
Setting Corebridge on the path to the ‘one-click’ consumer — With Tim Heslin
Tim Heslin’s two decades at AIG prepared him to take the helm of the recently spun-off Corebridge Financial.
Despite tech breakthroughs, no revolutionary insurance product — yet
As amazing tech advances abound, the insurance industry has made significant strides in the past few years. But there is much more to come, according to industry-leading tech experts.
A multifaceted market — With Iván Watanabe
Iván Watanabe serves an array of clients from the Latino market, each of whom has unique financial needs.
