AI in financial services presents opportunities, challenges
The American College sponsored a recent webinar in which experts on financial technology and policy discussed how artificial intelligence could influence financial services.
Better identity verification: The key to combatting the industry’s $300B fraud problem
Fraud and cyber-attacks in the insurance industry have risen dramatically over the past few years. Companies that deal in sensitive data must be prepared.
Is worksite LTCi dead or alive?
Life insurance with guaranteed issue long-term care rider can be an option as a workplace benefit.
As regulation lags, panel urges actuarial AI frameworks
Actuarial businesses should implement their own AI governance frameworks, as official regulation is lagging, a panel of experts recommended.
How permanent life insurance provides income protection
By David E. Appel Market fluctuations impact retirement assets, sometimes costing clients thousands once they need to tap into their…
Spontaneous family wealth discussions can lead to regrets
Nearly four in five wealthy families have had unplanned discussions about wealth, with 26% later regretting it, according to a recent study.
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.
