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December 8, 2023
Upward trending graph with DPL's logo superimposed.

DPL hits $2B in commission-free annuity sales driven by fiduciary advisors

The increasing prevalence of fiduciary business models among financial advisors is proving to be a tailwind for commission-free annuities.

December 7, 2023
Illustration of a figure tumbling down a downward trending graphic.

Life insurance sales take a dive in the third quarter, Wink reports

Life insurance sales were down across major product categories in the third quarter, Wink, Inc. reported in its quarterly Sales and Market Report.

December 7, 2023
Image shows the NAIC logo over a picture of the Department of Labor building.
State insurance regulators are not happy with how the Department of Labor is characterizing its annuity sales rule.

Iowa commissioner: DOL regulators ‘misunderstand’ state annuity rules

Iowa Insurance Commissioner Doug Ommen encouraged his colleagues to craft a pointed comment letter to the Department of Labor to set the record straight on its fiduciary proposal.

December 7, 2023
NASAA logo superimposed on a large arrow heading in one direction, while many smaller arrows are pointing in the opposite direction.

Trade groups oppose NASAA’s proposed changes to annuities regulation

A coalition of major trade groups is calling for the NASAA to withdraw proposed changes to its business rules, calling them “unnecessary.”

December 6, 2023
Image shows the MIB logo
Life application activity was flat in November.

Life insurance activity flat in November, up for the year, MIB reports

Life insurance application activity was flat in November on a year-over-year comparison. But activity remained up 2.6% year to date, according to the MIB Life Index.

December 6, 2023
Image showing part of a dictionary definition of the word "income."

Supreme Court takes up meaning of ‘income’; decision could impact taxes

A couple’s fight to get a $14,729 tax refund made it to the U.S. Supreme Court this week in a case that might upend the federal tax code.

December 6, 2023
Elderly person sitting in a wheelchair, staring out a window.

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.

December 6, 2023
Illustration of medical prescriptions and pills in a variety of different bottles.

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.

December 5, 2023

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.

December 5, 2023
Image shows David "Birny" Birnbaum.
David "Birny" Birnbaum is retiring from NAIC consumer advocate duties.

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.

December 5, 2023
Illustration with 2 small figures situated in different color squares that are partially overlapping, with the words "back to normal" superimposed.

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.”

December 5, 2023
Financial professional sitting at a sleek desk surrounded by mobile and digital devices and images.

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.

December 5, 2023
Images of we-dressed people and seemingly well to do.

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.

December 4, 2023
Image shows the NAIC logo over a photo of a crowd of people in an auditorium.
NAIC regulators approved a bulletin on the use of algorithms, predictive models, and artificial intelligence systems by insurers.

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.

December 4, 2023
Image of a senior citizen in a health care setting, with a younger caretaker by her side, with the words: "Not what we had hoped.-Society of Actuaries."

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.

December 4, 2023
Image shows a hand holding a compass in the woods.
NAIC regulators are collecting data on how insurers use artificial intelligence and machine learning.

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.

December 4, 2023

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.

December 1, 2023
Regulators are trying to establish a consistent rate review process.

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.

December 1, 2023

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.

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