Weather disasters break record and the industry is taking notice
Weather-related events are happening more frequently and in places they hadn’t traditionally occurred previously. The industry is taking notice.
DOL not done defending existing investment advice rules in court
The DOL filed a brief reiterating its defense of investment advice rules published during the Trump administration. Those rules were sued in Florida and Texas upon taking effect in February 2022.
Natural catastrophe insured loss jumps to record $133B
Rising exposure, replacement values spur annual average natural catastrophe insured losses to set record $133 billion.
DOL fiduciary rule likely to tinker with popular exemption, analysts say
The Department of Labor finished its fiduciary rule last week. Analysts say prohibited transaction 84-24 is the place to look for changes once the rule details are known.
John Hancock steps up redefining life insurance with ‘Longevity Symposium’
John Hancock continues its efforts to redefine the role of a life insurance company, hosting its first Longevity Symposium in Boston.
LIMRA: Record number of Americans plan to purchase life insurance
Just 52% of U.S. adults report having life insurance, down from 63% in 2011, LIMRA reported. Other sales data were much more positive during the second quarter.
Don’t let life insurance be the pumpkin spice of client financial planning!
The pumpkin spice season comes and goes, but advising clients about life insurance is always in season.
Industry accuses SEC of ‘outright hostile’ regulatory approach to technology
Industry trade organizations blasted the Securities and Exchange Commission’s “continued war on technology” in a comment letter addressing a new rule proposal.
As Medicare open enrollment approaches, questions abound
Choosing a Part D or C plan which involves private insurer during Medicare open enrollment can be overwhelming.
Insurance commissioner warns on false Calif. LTC plan information
California’s insurance commissioner puts long-term care insurers and agents on notice for spreading misleading marketing materials and emails.
DOL sends new fiduciary rule to the White House for review
The Department of Labor sent its long-delayed fiduciary rule rewrite to the White House Office of Management and Budget late Friday.
These claims adjusters work for Maui fire policyholders
Public insurance claims adjusters are in the business of representing insured residents and business owners.
Use of lifestyle spending accounts increases among businesses
Flexible Lifestyle Spending Accounts , or LSAs, have experienced double-digit increases across companies of all sizes, a recent study found.
NAIC: 70% of homeowner insurers are using AI, or are interested
Seventy percent of home insurers are either using or have an interest in using artificial intelligence in their businesses, mainly for claims-related activities.
Few will wait until 70 to receive maximum Social Security payments, study finds
Only 10% of non-retired Americans will wait until 70 to receive their maximum Social Security benefit payments, according to a recent survey.
12% of US homeowners foregoing home insurance, study finds
Weather-related disasters have caused insurance companies and customers to abandon coverage, with 12% of homeowners forgoing home insurance.
Digitizing payouts leads to better policyholder experience
Digitizing payouts leads to faster claims settlement and more satisfied policyholders.
‘Annuity King’ sentencing delayed a month to permit character witnesses
Sentencing for Phillip Roy Wasserman, the self-styled “Annuity King” convicted on fraud charges, was originally scheduled for this week.
Indexed life sales up 28%, drives strong Q2 for life insurance, Wink says
Second-quarter indexed life sales hit $812.6 million, up 27.8% from Q1 and up 18.5% compared to the same period last year.
