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May 8, 2023
The image shows Phillip Wasserman and a picture of a crown. 'Annuity King' begins defense after judge denies acquittal motion.
Sentencing for Phillip Roy Wasserman was continued until Jan. 31.

‘Annuity King’ begins defense after judge denies acquittal motion

A Florida judge denied a defense motion for acquittal last week in the fraud trial of the self-styled “Annuity King.”

May 8, 2023
Image of family members talking over a cup of coffee. The key to financial freedom? Open conversations, survey finds.

The key to financial freedom? Open conversations, survey finds

It’s time we had the money talk, say 66% of Americans, who say conversations about money are the key to financial freedom. But taboos remain.

May 8, 2023
Image of Equitable Holdings logo superimposed over a downward fever graph. Equitable Holdings' earnings fall 22% in Q1, but remains strong in liquid assets.

Equitable Holdings’ earnings fall 22% in Q1, but remains strong in liquid assets

Equitable Holdings Inc., the global diversified financial services company, said its operating earnings fell 22% in the first quarter of…

May 5, 2023

Did Biden sign the trifecta of long-term care?

It remains to be seen how these changes will be implemented and what the full effects will be, but the executive order represents a step towards improving the health care system in the United States.

Rochelle Walensky to step down as CDC chief

May 5, 2023

Rochelle Walensky, the head of the Centers for Disease Control and Prevention announced she will resign on June 30,  saying the waning of the COVID-19 pandemic was a good time to make a transition.

May 5, 2023

WHO ends COVID-19 global health emergency: What to expect next

The COVID-19 public health emergency in the U.S. is scheduled to end May 11, but the World Health Organization jumped in today to declare that COVID-19 is no longer a global health emergency.

May 5, 2023
AIG logo sitting atop a downward fever chart. Strong commercial helps AIG withstand shaky Life & Retirement results in Q1.

Strong commercial helps AIG withstand shaky Life & Retirement results in Q1

American International Group celebrated strong first-quarter financials today, bottom-line results that were depressed by inconsistent sales in its Life and Retirement business.

May 5, 2023
Image of woman in a business suit celebrating amid confetti. Tips for financial advisors: What it takes to be a winner.

Tips for financial advisors: What it takes to be a winner

We asked two award-winning advisors to share their tips for financial advisors who want to join the ranks of the winners.

May 4, 2023
Image of a car turned upside down on top of cash, the Allstate logo in the background. Allstate earnings suffer $320M Q1 hit on inflation, claims costs.

Allstate earnings suffer $320M Q1 hit on inflation, claims costs

Catastrophe losses, higher auto claims costs, and inflation all contributed to Allstate Corp.’s first quarter loss of $320 million – compared to a profit in the same period last year – company executives said this week.

May 4, 2023
Image of the seal of New Hampsire with health symbols superimposed above it. New Hampshire consumers saved millions using health transparency website.

New Hampshire consumers saved millions using health transparency website

New Hampshire was the first state in the nation to create a health cost website where consumers can compare prices on medical services.

May 4, 2023
Image of person sitting with images of a smiley face, unhappy face and neutral face in front of him, with the unhappy face highlighted. Study: Investor satisfaction with advisors falls along with markets.

Study: Investor satisfaction with advisors falls along with markets

Investor satisfaction with investment advisors dropped in year-over-year financial advisor ratings, a recent study found.

May 3, 2023
Image of two people having a tug of war in front of the Federal Reserve building. The Fed continues its tug-of-war with inflation, raises rates again.

The Fed raises rates again, continues tug-of-war with inflation

The Fed’s tug-of-war against inflation continued this week as the central bank again raised interest rates to ward off rising prices while crossing its fingers that it won’t wreck the economy by pushing joblessness to new heights.

May 3, 2023
Image of the Prudential Insurance logo. Prudential falls short of earnings forecasts, execs stress long-term focus.

Prudential falls short of earnings forecasts, execs stress long-term focus

Prudential Financial continues to make moves to shake off the earnings malaise and reverse a stock decline. The first-quarter results are mixed at best.

May 3, 2023
Image of the Progressive logo with their spokesperson "Flo" holding a stack of cash. Progressive bolsters reserves, raising rates, will cut advertising.

Progressive bolsters reserves, raising rates, will cut advertising

The new Florida litigation reform is likely to cost insurers more in the short term, and Progressive Corp. hiked its…

May 3, 2023
Washington State Insurance Commissioner Mike Kreidler announces he will not seek re-election.
Washington state Insurance Commissioner Mike Kreidler.

Washington insurance commissioner Kreidler won’t seek re-election

Washington state Insurance Commissioner Mike Kreidler, having rejected calls to resign last year over racist remarks and his leadership style, announced Monday he will not seek re-election.

May 3, 2023
Image showing a very happy senior couple. Survey identifies leading disruptors of the retirement industry.

Survey identifies leading disruptors of the retirement industry

An aging workforce, Generation Z, the growing demand for personalized investment advice, and financial wellness were cited as top disruptors of the retirement industry in a recent survey.

May 2, 2023
Image of two hands, one in a red jacket and the other in blue, putting together two interlocking puzzle pieces. Health care policies have bipartisan support in DC.

Health care policies have bipartisan support in DC

Bipartisan support for health care policies exists in Congress, even though it’s uncertain whether any major health care legislation will be passed this year.

May 2, 2023

The portfolio challenges of 2023 – and a path forward

Conning offers its views on the major insurance portfolio challenges, the risks they pose, and how insurers might address them.

May 2, 2023
Image of the word "Annuities" with a large trophy bearing the inscription of "Q1 Sales." Annuity sales record set in Q1, says LIMRA.

Q1 annuity sales the highest on record, LIMRA says

Following record-high sales in 2022, total first quarter annuity sales were $92.9 billion, a 47% increase from the prior year.

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