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June 29, 2023
long-term care

Long-term care: Washington state’s payroll tax takes effect July 1

Washington state is the first to enact a payroll tax to pay for long-term care. Could some other states be far behind?

Industry numbers show growing life settlement market

June 29, 2023

The life settlement market has shown consistent expansion, with 2022 demonstrating a strong rebound after a brief COVID induced slowdown…

June 29, 2023

Don’t overlook the LGBTQ+ population

The LGBTQ+ community has been the subject of recent legislation and executive orders that shed light on this population segment’s financial planning and insurance challenges.

June 29, 2023
Image shows a cartoon man in a vise
Insurance adjusters say they are working longer for less pay and less authority.

Insurance adjusters battle low pay, long hours, declining authority, trade groups say

Compensation, working conditions, dwindling responsibility and increased regulations are all thorny issues for insurance adjusters.

June 28, 2023
State legislators want federal regulators to stay out of insurance issues.

State legislators to IRS: Stay out of the insurance business

The National Council of Insurance Legislators is not happy with a proposed federal regulation to crack down on micro-captive insurance companies.

June 27, 2023
Image shows money with the Brookfield and American Equity logos overlayed.
Brookfield Reinsurance is closer to fully acquiring American Equity.

‘Business as usual’ if Brookfield Reinsurance acquires American Equity

Brookfield Reinsurance unveiled details this morning of its offer to acquire partner American Equity, a major seller of fixed annuities.

June 27, 2023
Image shows Jeffrey Cutter beside the SEC logo
The SEC is pursuing enforcement of an advisor for selling allegedly improper annuity replacements.

SEC accused of ‘overreach’ with complaint targeting annuity sales

A fraud case against a Massachusetts advisor has many in the annuity industry concerned about federal regulatory overreach.

June 26, 2023
Image shows a judge's gavel over an old California flag design
The California Assembly appears ready to pass an annuity sales regulation update.

California’s annuity sales update on track after trade groups sign off

An annuity sales bill updating California’s suitability standard is expected to be presented Wednesday to the state Assembly Committee on Insurance.

June 26, 2023
Image of a well-dressed person next to a large number "9" made out of gold coins. 9 reasons wealthy clients should reconsider self-funding long-term care.

9 reasons wealthy clients should consider LTCi

Although some high-net-worth individuals might want to self-fund their long-term-care needs instead of buying a long-term care insurance policy, self-funding is not always their best option.

June 26, 2023
Image shows a judge pounding a gavel
Lincoln Financial and nine plaintiffs suing the insurer have been ordered to find an acceptable mediator.

Lincoln ordered to mediate FIA illustration lawsuit filed by former agent

A Texas judge ordered Lincoln Financial and nine plaintiffs suing over fixed indexed annuity performance to agree on a mediator.

June 23, 2023
Image of open book with the words "Other Post Employment Benefits" written in marker. Poor funding for OPEBs may lead to crisis.

Poor funding for OPEBs may lead to crisis

According to Pew Charitable Trusts, states collectively reported $749 billion in OPEB liabilities with only about $69 billion in assets to pay for them, possibly setting up a crisis situation.

June 23, 2023

The rise of low-code/no-code in insurtech

Low-code/no-code software enables insurance companies to customize their website while making the user experience easier.

June 22, 2023
Image of a map of California, with a red push pin stuck in it, with the word "Annuity" superimposed on the map. California annuity sales rule on hold after industry outcry.

California annuity sales rule on hold after industry outcry

California legislators are debating a tough new annuity sales rule. But it could have been much tougher, according to one industry analyst.

June 22, 2023
Image of the state flag of Colorado with a medical caduceus superimposed. Colorado seeks rehabilitation order for Friday Health Plans.

Colorado seeks rehabilitation order for Friday Health Plans

Friday Health Plans has been in the crosshairs of the Colorado Division of Insurance since June 2022, and now the department has petitioned the Denver District Court for an order for rehabilitation of the troubled health insurer.

June 22, 2023

How life insurance companies can leverage chatbots

Chatbots promise big changes in the coming years to both customer support and the underwriting process.

June 22, 2023

Medicaid unwinding: At least 1.3M enrollees lose coverage

At least 1.34 million Medicaid enrollees have been disenrolled as of June 20,  based on the most current data from 22 states, KFF reports.

June 21, 2023
Illustration of a gavel slamming downward. Greg Lindberg loses appeal and could lose much more.

Greg Lindberg loses appeal and could lose much more

Troubled financier Greg Lindberg lost again in court Tuesday, and the North Carolina Court of Appeals ruling could be very costly.

June 21, 2023
Image of the Dept. of Labor building with large calendar page superimposed, with the date of Aug. 1.Analysts doubt DOL can produce a new fiduciary rule by August.

Analysts doubt DOL can produce a new fiduciary rule by August

The Department of Labor claims it will produce its long-awaited fiduciary rewrite in August. But analysts say that is highly unlikely.

June 21, 2023

Contents claim handling: avoiding common bottlenecks

The claims process can slow down if the insured doesn’t have an adequate content inventory.

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