About a half-million people who had their Medicaid and Children’s Health Insurance Program coverage terminated were reinstated into coverage after computer errors in many states were corrected, the Centers for Medicare and Medicaid Services announced.
Insurance industry well positioned to use AI, panelists say
The insurance industry is already expert in assessing risk, and that makes the industry well positioned to use generative artificial intelligence such as ChatGPT.
Succession Planning: mentorship and strategic planning
By Danielle J. Genier and Ryan J. Perkins This article is a summary of part of the 2023 MDRT Annual…
Navigating the marketing rule: Lessons from recent SEC enforcement action
The SEC’s Modernized Marketing Rule is complex. What advisors must know in order to be compliant.
Allstate, other insurers among those facing robocall lawsuits
Lawsuits seeking class-action status allege marketers, particularly insurance companies, are guilty of cold-calling millions of consumers.
Big rules are coming; Prudential exec hopes they aren’t ‘overly conservative’
Rules and regulation is top of mind now in financial services as artificial intelligence, climate change, fiduciary duty and private equity are all drawing attention.
ProPublica investigation examines insurance claim appeals
ProPublica investigates the difficulties in appealing insurance claims, which have produced a difficult process.
Holistic approach for financial advice valued by consumers, study finds
A recent LIMRA surveyed revealed that consumers choosing to work with a financial professional value a holistic approach.
Fed: No interest rate change, but future tweak possible
The Fed, said it will maintain its target range for the federal funds rate but would consider a future hike depending on data.
Accelerated underwriting analysis shows increased outreach to Black, Hispanic life insurance applicants
The life insurance industry has a new tool to identify mortality risk among applicants.
MGAs: the driving force behind a mature cyber insurance market
The cyber insurance market depends on marketing general agencies to manage policyholders’ risks.
U.S attorney alleges obstruction, seeks stiffer sentence for ‘Annuity King’
Government prosecutors and Phillip Roy Wasserman are waging an escalating battle of obstruction charges as a Florida judge prepares to sentence the former “Annuity King” on fraud charges.
MAPFRE Insurance faces lawsuit for data breach
MAPFRE Insurance, which was hit with a data breach in July impacting more than 300,000 customers is now facing a federal lawsuit.
Low financial literacy may be costing consumers money
Low levels of financial literacy could be costing the average U.S. household over $5,000 every year, according to a recent study.
SEC cracks down on 9 firms for Marketing Rule violations
In a significant crackdown on misleading financial industry marketing, the SEC moved against nine registered investment advisers.
California legislators fall short on deal to stabilize P&C insurance market
California lawmakers fell short in a bid to reform the state’s insurance market last week through a legislative package.
Unharness your business’s epic ascension with life settlement superhero power
Be a superhero to your clients by offering life settlements.
NC regulators release $1.2B from former Lindberg insurers in receivership
North Carolina regulators are releasing funds to long-suffering policyholders who own life insurance and annuities with insurers formerly controlled by Greg Lindberg.
Some Medicare recipients could save money on 34 prescription drugs
The Centers for Medicare & Medicaid Services announced the list of 34 prescription drugs that may have a lower cost for Part B beneficiaries between Oct. 1 and Dec. 31.
