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From the Field: Expert Insights RSS Get our newsletter
July 20, 2023
Image shows the Lincoln Financial logo
A lawsuit over a Lincoln Financial fixed indexed annuity will head to a mediator.

Lincoln, ex-agent, settle on mediator for lawsuit over FIA returns

Lincoln Financial and nine plaintiffs – including a former Lincoln agent – suing over fixed indexed annuity performance agreed on a mediator to settle the dispute.

July 19, 2023
Image of harried looking man with the word "COMPLAINT" stamped across the image. Vehicle insurance claims complaints through the roof as problems mount.

Vehicle insurance claims complaints through the roof as problems mount

The Washington Office of the Insurance Commissioner reports a historic volume of insurance claims complaints since 2021.

July 19, 2023
Financial brands must tell their stories to stand out with the advisors who represent their products.

Don’t let your financial brand be the invisible hero

Financial companies have more reasons than ever to talk directly to consumers.

July 19, 2023
Illustration of a stamp that reads "Official Notice" and is set against the New York skyline. N.Y. regulators hit insurance companies for multiple policy versions.

N.Y. regulators hit insurance companies for multiple policy versions

New York regulators put insurance companies on notice for selling multiple versions of the same policies, saying the practice is discriminatory.

July 18, 2023

Financial planning for young adults ‘not a straight line’

Financial planning for young adults is more like a winding road, said an advisor who works with multigenerational clients.

July 18, 2023
Friday Health

Colorado shuts down Friday Health Plans

Colorado regulators are pulling the plug on Friday Health Plans Colorado, a move that means more than 30,000 residents of that state must find other health coverage.

July 18, 2023
Stop sign positioned in front of a row of wheelchairs. Despite need, many advisors don’t recommend LTC protection to clients.

Despite need, many advisors don’t recommend LTC protection to clients

While most Americans will need some type of long-term care, a recent survey revealed that only 54% of financial professionals recommend or offer LTC protection to their clients.

July 17, 2023

The replacement cost endorsement dilemma

Replacement cost endorsements help homeowners protect the full value of their home and personal property. However, after a loss, most homeowners discover this coverage is not sufficient to replace like-items or restore unique features in their homes.

July 17, 2023
Image shows Jeffrey Cutter and the SEC logo.
Industry trade groups do not think the SEC should be trying to regulate fixed products.

Advisor says SEC has no authority to regulate his insurance sales

The SEC claims that Jeffrey Cutter, who is both an advisor and an insurance agent, made improper annuity sales. In a motion to dismiss, Cutter says he was acting as an agent and the SEC has no authority.

July 17, 2023

Gen Z and the future of life insurance: Adapting to a new generation

Most Gen Z adults are hesitant to purchase life insurance because they see it as either too expensive or too complicated.

July 17, 2023
SECURE
Will Congress take up more legislation related to retirement savings?

Secure 3.0: What would a successor to SECURE look like?

One financial industry trade association has urged the Biden administration to work with Congress to take up legislation that would further alleviate workers’ and retirees’ retirement anxiety. Meanwhile, a representative from another industry association said he believes any further iteration of SECURE must address America’s growing long-term care crisis.

July 14, 2023

Pre-loss disaster planning: Providing value to clients

Pre-loss emergency disaster planning allows insurance professionals and the property owners they serve to prepare for disasters before they occur.

July 14, 2023
Image shows the words "Annuity King" over a crown picture.
Kenneth Rossman was sentenced Wednesday for his role in a Florida fraud scheme.

Kenneth Rossman, ‘Annuity King’ sidekick, avoids prison in fraud plea

Kenneth Rossman, who participated in a $6.3 million financial fraud, avoided jail time for his role in helping to convict self-styled “Annuity King” Phillip Roy Wasserman.

July 14, 2023
Image of a man holding a briefcase, parachuting with a parachute in the shape of a piggy bank. Inflation cools in June, raises hope for 'soft landing'.

Inflation cools in June, raises hope for ‘soft landing’

While parts of the country bask in sweltering heat, inflation significantly cooled in June, raising hopes that the Federal Reserve might be able to curb rising interest rates and make that “soft landing” it wants to avert a recession.

July 13, 2023

Life settlements: A new generation of solutions helps seniors fund future care

Life settlement annuities and long-term care life settlements can be effective in helping seniors fund future long-term care needs.

July 13, 2023
Image shows the American Equity logo
American Equity is selling record numbers of annuities and it prepares to be taken over by Brookfield Re.

American Equity moves $2B in second-quarter annuities as sale nears

American Equity reported second-quarter FIA sales up 94% compared to the first quarter of 2023 and 141% compared to the second quarter of 2022.

July 13, 2023
Image shows a car and water rushing down Wall Street.
ESG investing drew the attention of Congress with a hearing today.

Sparks fly as House members debate ESG investment regulations

House members on both sides of the aisle argued for nearly three-and-a-half hours today as the House Financial Services Committee hosted a hearing on ESG investing.

July 13, 2023
Image of a hand holding a glowing screen with the letters 'AI.' Flyreel founder talks present, future of AI and the insurance industry.

Flyreel founder talks present, future of AI in the insurance industry  

Founder of Flyreel talks about use of how artificial intelligence in the insurance industry and what the future of AI might hold.

July 12, 2023

3 ways life insurers can use technology to attract and retain young clients

Life insurers must recognize that today’s young consumers are digital natives.

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