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May 26, 2023
Image of a large crown with the words "Annuity King, New Trial?" superimposed over it. 'Annuity King' asks Florida judge to acquit fraud conviction, grant new trial.

‘Annuity King’ asks Florida judge to acquit fraud conviction, grant new trial

Phillip Roy Wasserman, convicted earlier this month of scamming seniors out of $6.3 million, is asking a Florida judge for acquittal on all charges.

May 26, 2023
Image of a liability insurance policy surrounded by bullets. Could solving the tragic issue of gun-related deaths lie with the insurance industry?

Could solving the tragic issue of gun-related deaths lie with the insurance industry?

Homeowners get discounts for some home safety measures. So, perhaps the insurance industry could be a catalyst for stricter firearms safety.

Pan-American Life acquires Encova’s life insurance affiliate

May 25, 2023

New Orleans-based Pan-American Life Insurance group said it has acquired the life insurance arm of Encova Mutual Insurance Group of Columbus, Ohio.

May 25, 2023

Workplace benefits still strong despite inflation, looming recession

Despite inflation and a looming recession, employers continue to invest in workplace benefits.

May 25, 2023
Image of the Capitol in Washington, D.C., with dollar bills blowing all around the building. Study: insufficient retirement savings could add $1.3 trillion government burden.

Study: insufficient retirement savings could add $1.3 trillion government burden

The chronic problem of Americans insufficiently saving for retirement could cost state and federal governments trillions of dollars.

May 25, 2023
An image of the Capitol building with a large red X overlapping. Debt ceiling ‘X-Date’ is coming. What should an investor do?

Debt ceiling ‘X-Day’ is coming. What should an investor do?

What should investors be doing to cushion whatever economic blow might come their way from a a debt ceiling government default?

May 24, 2023
Image of a map with a pushpin stuck in the center of Tennessee.

Tennessee regulators search for Southland policyholders after liquidation

Tennessee officials are searching for policyholders as regulators and courts continue to unwind the tangled finances of troubled insurance magnate Greg Lindberg.

Colorado panel looks at capping some prescription drug prices

May 24, 2023

Colorado’s Prescription Drug Affordability Board will spend the summer beginning the process of determining which prescription drugs will be made affordable for its states residents by capping the prices on those drugs.

May 24, 2023
Photo shows a mouth screaming into a megaphone.
A Utah-based financial advisor allegedly ripped off about 50 families with a long-running scam.

Florida man fighting to get back $850K invested with Madoff-style advisor

Stephen Romney Swensen allegedly conned up to 50 families out of $30 million with his fraudulent Crew Capital Group.

May 24, 2023
Illustration of a upward fever graph line with flowers growing out of it being watered by a figure holding a watering can. I the word "Income" labels the graph line. Annuity buyers look for income, not accumulation or low fees, survey shows.

Income tops annuity buyers’ reasons for purchase, study says

Annuity buyers wanted access to their funds and ways to withdraw more than they cited interest rates or low fees, according to a buyer study conducted by LIMRA.

May 24, 2023

How insurers can profit amid inflation

Inflation and the higher interest rates driven by central banks’ attempts to tame it are causing trouble among insurers.

May 23, 2023

NAIFA discusses financial security issues on Capitol Hill

NAIFA members visit the U.S. Capitol today to spread the message that Americans need access to reliable advice and affordable products to reduce risks and protect assets.

May 23, 2023

Preventive care coverage still in question as appeals court pauses decision

Some employers said they are unsure whether they will cover preventive care in their workplace health plans as a federal appeals court temporarily paused a decision impacting coverage of certain kinds of preventive care.

May 23, 2023

Overcoming common misconceptions about group DI

Although disability insurance is critical, it remains a misunderstood and underused product.

May 23, 2023
Image shows horses racing with the words "Record-Breaking 1Q" superimposed.
Nearly all annuity sellers did well in the first quarter.

Annuity sellers jockey for position in a record-breaking 1Q, LIMRA reports

Several insurers recorded big sales in a first quarter that saw total fixed annuity sales increase 101% to $70.9 billion compared with prior-year results.

May 23, 2023
Image of a car smashed into a giant cell phone with texts on the screen. Distracted driving continues to spiral, with estimated costs in billions.

Distracted driving continues to spiral, with estimated costs in billions

Auto accidents and distracted driving fatalities continue to spiral, a contributing factor making U.S. roadways the most dangerous since 2007.

Talking about DEI and doing it are not the same, NAIFA members told

May 22, 2023

Talking about diversity, equity and inclusion and doing it are not the same, a keynote speaker said at today’s National Association of Insurance and Financial Advisors DEI Symposium in Washington.

May 22, 2023
Note pad with "Get It Done!" sticky note, with "Secure Act 2.0" superimposed above it. SECURE 2.0 is passed but there's still some work to do.

SECURE 2.0 is passed but there’s still some work to do

SECURE 2.0 was signed into law on Dec. 29, 2022, but there is still some work to be done in interpreting more than 90 provisions of the bill.

May 22, 2023
Vintage Fireman's Fund Insurance Company illustration surrounded by COVID-19 virus images. Fireman’s Fund wins Calif. COVID-19 physical damage lawsuit.

Fireman’s Fund wins Calif. COVID-19 physical loss lawsuit

Attorneys for Fireman’s Fund Insurance Company claimed a significant victory this month in a lawsuit filed by a California hotel chain claiming the COVID-19 virus physically transformed its insured properties that resulted in damages.

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