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December 26, 2023
Image shows the State Farm logo
Plaintiffs claim that State Farm committed fraud in calculating vehicle loss assessments.

Judge green lights lawsuit accusing State Farm of fraud in accident claims

A class-action lawsuit accusing State Farm of “a fraudulent scheme” to undervalue vehicle loss assessments can continue, a federal judge ruled last week.

December 26, 2023
Image shows the New York Life logo and an AI background.
New York Life recently boosted its artificial intelligence team.

New York Life explores generative AI possibilities with ex-MLB executive

Both state regulators and insurers like New York Life are exploring the potential for artificial intelligence in the future of insurance.

December 26, 2023
Image shows the words "First Comments Released" and the Department of Labor logo.
The Department of Labor is released public comments on its fiduciary rule proposal.

DOL fiduciary rule comments number 14,000+ as opposing views harden

Federal regulators are releasing a steady trickle of the more than 14,000 public comments on the Department of Labor’s contentious fiduciary rule proposal.

December 26, 2023

A tech-savvy New Year’s resolution guide for financial wizards of 2024

Embrace your inner financial superhero and get ready to soar through 2024 with these tech-tastic New Year’s resolutions.

December 25, 2023

2024 predictions: Economy cooling, health care costs increasing

What will 2024 bring for the economy and health care? Some good and bad news among the predictions.

December 22, 2023
Image with the large date of 2024 with the words "What's ahead in 2024?"

Advisors look ahead to life insurance in 2024

Two life insurance industry experts look ahead at what the industry can expect to see in 2024 – and beyond.

December 21, 2023
Image shows the words "deceptive fees"
Massachusetts is proposing rules to clamp down on "junk fees."

Trade groups: keep life insurance out of Mass. proposal banning ‘junk fees’

The Massachusetts AG is proposing regulations to prohibit hidden “junk fees,” but trade associations say life insurance and annuities need to be exempted.

December 21, 2023

Ensure holiday cheer by helping your policyholders avoid Christmas catastrophes

Help your clients skate through the holiday season by avoiding common homeowners’ hazards that can steal Christmas faster than the Grinch.

December 21, 2023
Image shows the Illinois state seal with a man using a phone in the background.
An Illinois court ruled that insurers are not responsible for part of a $19 million settlement in biometric privacy litigation.

Illinois court rejects federal ruling in freeing insurers from privacy coverage

A state appellate court sided with two insurers Tuesday, ruling that they are not responsible for part of a $19 million settlement in a biometric privacy case.

December 20, 2023
Illustration shows an individual in front of a large interface with the label "Financial Advice" and a choice between buttons labeled "truth" or "no".

Study finds young investors acting on online financial misinformation

As investors become inundated with financial advice on social media, misguided advice from unqualified sources has become more prevalent.

December 19, 2023

Commentary: The Senate shouldn’t have to investigate insurance companies

It’s disturbing that insurance regulators have done little to tackle the threats posed by climate risks and the potential consequences for policyholders when insurers can no longer protect them in the event of property damage or destruction.

December 19, 2023
A millennial-aged woman sitting on a couch saying "This is fine," while a graph behind her shows the ups and downs of the market.

Millennial investors most comfortable with market volatility, study shows

Americans are feeling experienced with investing, and millennials are emerging as the generation most comfortable with market volatility,

December 19, 2023

How insurers can mitigate their exposure when it comes to beneficiary designations

Failing to distinguish the difference between probate and non-probate assets could lead to unintended and costly consequences not only for the person who owns the asset, but also for life insurers that serve as custodians of the assets. 

December 18, 2023
Image of a plummeting fever graph line, with an image of Ben Franklin on the $100 bill behind, and the Ebix logo superimposed.

Ebix announces bankruptcy, plan to sell life and annuity assets to Zinnia

Ebix, Inc. announced today that it has reached a “stalking horse” agreement to sell its North American life and annuity assets to Zinnia for $400 million, part of a bankruptcy reorganization plan.

December 18, 2023
Collection of images of people of different ethnicities and sexes with some having an "X" through their photo.

Actuaries group looks at DEI in health benefits, AI

The American Academy of Actuaries continues to work toward advancing diversity, equity and inclusion in the actuarial profession, and one of the organization’s board members gave a rundown of its recent DEI activities.

December 18, 2023

Navigating the unsettling terrain of Social Security overpayments

Social Security overpayments have been in the news recently. What advisors and beneficiaries need to know.

December 18, 2023

Developing a successful life insurance settlement business line

Here are critical steps and considerations for agencies and broker-dealers looking to develop a successful life insurance settlement business line.

December 18, 2023
Person dressed in business attire clearing out his office with a large "AI" overlay in the background.

Underwriters say tech will transform work, but fear displacement

Senior underwriters are convinced emerging technology innovations will transform their business, but worry about how they will be affected.

December 15, 2023
Image shows a judge with the words "rejected" overlaid.
A Massachusetts judge will allow SEC charges against an advisor to continue.

Judge allows SEC annuity fraud allegations against advisor to proceed

A federal judge refused to toss out annuity fraud charges filed by the Securities and Exchange Commission against a Massachusetts financial advisor.

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