Congress extends National Flood Insurance Program to February
The federal government funding bill passed by the Senate Wednesday extends funding of the National Flood Insurance Program without any reforms until early next year.
Greg Lindberg accomplice settles with insolvent insurers for $75k
A top executive to disgraced financier Greg Lindberg agreed to settlement terms with four insurance companies once owned by Lindberg and now in liquidation.
Ex-Globe Life exec claims insurer ignored bad acts, brings whistleblower suit
Globe Life is being sued by a former executive who claims he was fired for blowing the whistle on “potentially illegal” sales practices.
Fight fraud through ‘Know Your Financial Professional’ standards
Increasing fraud threats make it crucial for insurance companies and professionals to be on guard.
Large decrease seen in insurance agency mergers and acquisitions
The once-ballooning insurance agency mergers and acquisitions market in the United States and Canada has deflated.
Keep your Medicare clients out of skilled care purgatory
Mitigating Medicare coverage gaps can keep your clients out of what Chelan Jackson called “skilled care purgatory.”
Public hearing date set for DOL fiduciary rule; House GOP rallies in opposition
The Department of Labor denied a request for an extension of a public comment period for its controversial fiduciary rule package. A public hearing will be held next month.
Short-term care can fit a client’s needs when LTCi isn’t an option
Short-term care insurance “can resurrect the sale” when a client is unable to obtain long-term care insurance.
Life insurance not high priority for millennials, study finds
Buying life insurance isn’t a top priority for millennials, despite major efforts by companies to ease sign-ups and lower costs.
Level funding: an onramp to health plan innovation for fully insured employers
Level funding essentially packages together a self-funded plan with extensive stop loss coverage and a cash flow mechanism that significantly reduces employer risk.
Leveraging Medicaid-compliant annuities in crisis LTC planning
Medicaid-compliant annuity is a single-premium immediate annuity that meets Medicaid requirements.
MassMutual to ‘wind down’ Haven Life amid poor results, high costs
Massachusetts Mutual Life Insurance Co. said it will “wind down” its online Haven Life subsidiary, which offers term life insurance only.
Long-term care: Don’t be afraid of too many choices
Having too many long-term care options can prove daunting for advisors and clients. But it doesn’t have to be that way.
National Flood Insurance Program nears Nov. 17 expiration
The National Flood Insurance Program is set to expire later this month and requires Congressional reauthorization.
Financial well-being, health care affordability are top concerns for workers and bosses
Employers are showing greater concern over their workers’ financial well-being as well as their workers’ ability to afford health care..
AI can upskill the insurance workforce
AI can help insurance companies upskill their workforce while improving customer satisfaction.
How captive and independent agents are affected by the DOL rule
The new DOL fiduciary rule is 500 pages. The biggest fight will come down to how agents – independent and captive agents – are regulated.
Most Americans aware of LTC’s importance, but few have started preparing
Many Americans have not taken any steps to prepare long-term care plans despite being keenly aware of its importance, a study found.
Washington asks court to block SHIP long-term care rate increases
Washington state turned to the courts last week in a bid to block any premium increases by Senior Health Insurance Company of Pennsylvania.
