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April 25, 2023

What a bank failure means for consumers and retirees

Your clients have two questions they need you to answer in the wake of the recent bank failure news.

Peter Woo named Asian American Insurance Network chairperson, president

April 24, 2023

Peter J. Woo has been appointed board chairperson and president of the Asian American Insurance Network (AAIN), a non-profit organization dedicated to the professional development and growth of Asian-Pacific Islander professionals in the insurance and business industries.

April 24, 2023
Image of woman looking over a details on a piece of paper with a car parked in the background. Inflation, pandemic spur change in property and casualty insurance shopping, study finds.

Study: inflation, pandemic spur change in P&C insurance shopping

The property and casualty industry, frequently considered a dependably unexciting business , is undergoing rapid change, a new study finds.

LIMRA study shows interest in life insurance at an all-time high

April 24, 2023

While two-thirds of Americans report their lives have largely returned to normal following the COVID-19 pandemic, the 2023 Insurance Barometer Study shows a record-high proportion of consumers (39%) who say they intend to purchase life insurance coverage within the next year.

April 24, 2023

Telehealth, PBM reform legislation among health care issues pending in DC

Some legislation relating to health care still has a chance of getting through Washington even with a divided Congress.

April 24, 2023

Help clients avoid short-sighted mistakes in today’s economic environment

This is a great time for financial professionals to shine, offering advice that helps clients build confidence with the right protection solutions.

April 22, 2023

Advisors face 4 digital challenges

Advisors are slow to embrace digital transformation, despite investing more than other segments. So, unless they quickly embrace change, hard-won progress could stall.

April 21, 2023

Women of color are creating a positive financial outcome

Women of color in the U.S. are committed to writing their own financial narratives to create better outcomes than those who came before them, according to new research from Edelman Financial Engines.

April 21, 2023

Insurers optimistic about hiring, revenue

Insurers are showing hiring optimism as 67% of them have plans to increase their staff during the next 12 months.

April 21, 2023

Cyber insurance: Is your business prepared for the second wave?

The cyber insurance market has matured rapidly over the past two years in the face of ever-evolving risk.

April 20, 2023
Image showing an impressive home being transported on wheels, with a large ribbon. Increasing number of U.S. households prioritizing wealth transfer.

Increasing number of U.S. households prioritizing wealth transfer

Nearly two thirds of U.S. households are now involved in intergenerational wealth transfer, with growth seen in both wealthy and lower-asset households.

April 20, 2023

Trust influenced by consumer experience, relationships

Why do consumers trust some financial institutions more than others? And what leads to that trust?

April 20, 2023
Image showing piggy bank wearing a graduation cap aside stacks of money. Study finds most Americans want to achieve financial literacy.

Study finds most Americans want to improve their financial literacy

More than three-quarters of Americans wish they had more financial literacy in topics like saving, investing, retirement, and budgeting, a recent study finds.

April 19, 2023
Image shows the Department of Labor logo over a press conference scene.
The Department of Labor announced a settlement with a major life insurer over claims.

DOL: Prudential improperly denied group life insurance claims

Prudential has advised the department that they will voluntarily reprocess denied claims dating back to June 2019 and provide benefits for the claims previously denied based solely on lack of evidence of insurability.

April 19, 2023
Image shows Taylor Swift in front of an FTX sign.
Taylor Swift is the lone celebrity to ask whether FTX was peddling unregistered securities.

Taylor Swift the only celebrity to ask if FTX was pushing ‘unregistered securities’: attorney

Singer and megastar Taylor Swift is the lone celebrity pursued by disgraced cryptocurrency developer Sam Bankman-Fried who asked the right questions about FTX, an attorney suing SBF said Tuesday.

April 19, 2023
Image shows a man behind a chart graph.
Interest rate fluctuations are having plenty of implications for life insurers.

Life insurance companies would love higher-rate bonds, but accounting standard would not, Conning reports

Life carriers would love to trade their low-interest bond for new higher-rate ones, but an NAIC accounting standard dissuades them from taking the short-term hit, according to Conning.

April 19, 2023
Image showing well-dressed Asian men and women. Study looks at motivators, challenges of affluent Asian Americans.

Study looks at motivators, challenges of affluent Asian Americans

A recent report by Merrill Wealth Management is shedding light on the unique motivators, priorities and challenges faced by affluent Asian American and Pacific Islanders (AAPI) in the U.S.

April 18, 2023
Tech image outline of a digital truck.

Autonomous trucking – and related insurance – still down the road

Despite the expectation by now we’d be whizzing around in self-driving cars hasn’t lived up to predictions. A similar hope for automated trucking industry is waiting for the technology to catch up.

April 18, 2023
Photo shows the Department of Labor logo overlayed on a court image.
The Department of Labor appeals a February ruling striking down part of its investment advice rule.

Department of Labor to appeal decision striking down portion of rollover guidance

The Department of Labor filed a notice of appeal Friday from a February federal court ruling striking down a portion of guidance issued in 2021 that expanded the definition of a retirement plan fiduciary.

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