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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.

June 21, 2023
Image of a piggy bank swimming in a street full of mud. ‘Dark data’ muddies picture, holds promise for insurance industry.

‘Dark data’ muddies picture, holds promise for insurance industry

While the amount of unused information, or ‘dark data’, collected by the insurance industry is significant, this data holds promise for increasing safety, reducing claims.

June 20, 2023

States where people spend the most, least on insurance

People who live in Mississippi pay the highest percentage of their annual income toward insurance while Utah residents pay the least, according to an Assurance survey.

June 20, 2023

Financial professionals still favor tried and true investments

Financial professionals are interested in recommending alternative investment vehicles for their clients but are concerned about the lack of liquidity and overall cost associated with those investment vehicles.

June 19, 2023
Department of Labor logo against an American flag. ESG rule needed to counter 'chilling effect,' DOL says.

ESG rule needed to counter ‘chilling effect,’ DOL says

The Department of Labor’s ESG rule is needed to correct the “chilling effect” a previous Trump administration rule placed on those environmental, social and corporate governance investment options, U.S. attorneys argue.

June 19, 2023

High-tech ways to identify insurance fraud

How to prevent fraud without driving customers away.

June 19, 2023

North Carolina places Friday Health Plans in receivership

North Carolina became the latest state to put Friday Health Plans in receivership and coverage for policyholders in that state will end Aug. 31.

June 19, 2023
Man sitting in car looking unhappy. Nearly one-third of auto insurance customers see rate increase, study finds.
Auto insurers lost an average of 12 cents on every dollar of premium they collected in 2022—the worst performance in more than 20 years, according to a new study.

Nearly one-third of auto insurance customers see rate increase, study finds

Nearly one-third of U.S. auto insurance customers have experienced a rate increase during the past year, according to the J.D. Power 2023 U.S. Auto Insurance Study.

June 16, 2023
Image shows the letters "P&C" against a paint-chipped wall.
California regulators face difficult decisions regarding P&C insurers who seek rate hikes.

California agent group says state facing a P&C insurance rate crisis

A group representing independent agents say there is a brewing crisis in the California property & casualty market over rates and the delays getting hikes approved.

June 16, 2023

The benefits of engaging through philanthropy

The direction of my life has been forever changed by the relationships I’ve made through work with charitable initiatives.

June 16, 2023
Illustration of figures riding rockets with the words "Helpul tips." How to generate leads, develop prospects in insurance industry.

How to generate leads, develop prospects in the insurance industry

InsuranceNewsNet talked to numerous insurance agents and finacial advisors to find out what strategies had worked for generating leads.

June 15, 2023
Image shows the Geico logo with a woman carrying office belongings in a box.
Geico is mandating employees return to the office two days a week.

Geico joins some competitors in mandating a return to the office

Geico is the latest property and casualty insurer to mandate a return to the office as insurers split on how and whether to end remote work.

June 15, 2023

New Medicare marketing rules won’t change agent advocacy and value

New Medicare Advantage marketing guidelines reinforce the importance of working with a trusted advisor.

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