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March 30, 2023
Image of U.S. District Court Judge U.S. District Court Judge Reed O’Connor, Northern District of Texas, alongside the ACA logol

ACA ruling hits preventive care, but ‘isn’t a fatal blow,’ analyst says

A U.S. District Court judge’s ruling that strikes down free HIV drugs and some cancer screenings under the Affordable Care Act isn’t a fatal blow to the health care act, although it does have implications.

March 30, 2023
The photo shows a man seemingly dreaming about private equity.
Life insurers are adding risk and ratings agencies have taken notice, AM Best officials said Wednesday.

AM Best will be ‘all over’ life insurers if high-risk assets escalate

Life insurers are increasingly compiling higher risk assets and AM Best is watching closely, two directors assured a federal Department of the Treasury committee Wednesday.

March 30, 2023
Image of giant drug bottle, with large pills spilling out and tiny figures running toward the pills.

Health panel: How to improve prescription drug prices, accessibility

Prescription drug prices hurt those who can’t afford to take them, and there is a lack of transparency around what patients actually pay for drugs.

March 30, 2023
Illustration of a nicely dressed man sitting in a giant $100 bill folded, origami-style, like a boat, sitting atop a pile of cash and coins. What a financial advisor needs to know to serve high-net-worth clients.

What financial advisors need to know to serve high-net-worth clients

Top financial professionals share advice on what a financial advisor needs to know to serve high-net-worth clients.

March 29, 2023
Illustration showing the words "State of the Life Insurance Industry" with the stripes of the American flag in the background.

Life insurance industry sales focus change cited in falling policy counts

The number of families reporting any life insurance coverage peaked at 85.4% in 1971. That number declined nearly every year since and is expected to decline in 2022.

March 29, 2023

Economists expect recession and persistent inflation this year, survey shows

Economists think the United States will see a recession and persistent high inflation this year, according to a recent survey.

March 28, 2023
Image showing a cracked screen showing a health ad.

State insurance regulators resume effort to clean up misleading health ads

State insurance regulators are looking to crack down on misleading advertising and marketing of health plans, often found in TV commercials featuring celebrity endorsers urging viewers to call a toll-free number to sign up for Medicare Advantage plans.

March 28, 2023
How long before regulators open up the overall life insurance illustration rules?
New guidelines for IUL illustrations take effect May 1.

Life insurance illustration rules on the clock as full rework looms

But it won’t be too long before the National Association of Insurance Commissioners reopens the overall life insurance illustration regulation, an industry executive said Monday.

March 28, 2023
Illustration of many small figures walking across a giant $100 bill. Clear pricing is what Americans want most from financial services firms.

‘Clear fees’ cited as most important for financial services firms

Americans cite “clear and understandable fees” as the No. 1 thing they want from financial-services firms, with a higher importance placed on pricing considerations than at any time since 2010.

March 28, 2023
Why Monte Carlo simulations can sell retirement investors short

Commentary: Why Monte Carlo simulations can sell retirement investors short

Never lose a client to an advisor who uses Monte Carlo simulations.

March 27, 2023
Illustration of bank building structure tumbling with money and coins littering the landscape.

Investors, regulators, legislators anxious as banking system faces another shaky week

Lawmakers look to question regulators as banks reinforce the dikes protecting the system.

March 27, 2023
Regulators want more information on insurers use of AI and big data.
Surveys are going out this week to life insurers on their use of AI and machine learning.

State insurance regulators pursue more data on industry use of AI

A state insurance regulator group is finishing up its next industry survey to learn how home insurers are using artificial intelligence and machine learning.

P/C insurers faced with accelerating churn and switching behaviors

March 27, 2023

Property/casualty insurers had one of their worst years in 2022 as runaway inflation, shortages and higher prices drove up claim costs. As we look at the year ahead, insurers must not overlook the impact of the turbulent economic environment on consumer behaviors.

March 24, 2023
5 Minute Finance logo

How a defined process eases client concerns

I have found that having a transparent financial planning process helps clients shake-off those first meeting jitters and helps us focus on finding ways to improve their financial well-being.

Study shows significant growth in 401(k) balances for younger workers who consistently participate

March 24, 2023

Account balances for consistent 401(k) plan participants rose from year-end 2016 through year-end 2020, according to a new study from the Employee Benefit Research Institute (EBRI) and the Investment Company Institute (ICI) titled “What Does Consistent Participation in 401(k) Plans Generate? Changes in 401(k) Plan Account Balances, 2016–2020.”

March 24, 2023
Private equity interest in insurance assets is generating concerns.
Many Americans are concerned about risky assets.

Private equity insurance investors facing higher capital charges for CLOs

State insurance regulators held a robust discussion Thursday on an interim proposal to increase capital charges for insurers who invest in riskier collateralized loan obligations (CLOs).

The dos and don’ts of discussing market volatility on social media

March 24, 2023

Many advisors see the potential in social media to build their personal brands, and social selling is a powerful strategy for creating trust.

March 24, 2023
Image showing symbols for male and female, with the male symbol sitting on a taller stack of coins.

Study finds gender gap in financial, retirement security

While 41% of men say their financial situation has improved over the past year, the same holds true for only 26% of women, according to Corebridge Financial’s survey.

March 23, 2023
Graphic figures illustrating a variety of personality traits.

When it comes to investment decisions, 2 personality traits stand out, study says

Although there are five major personality traits, only two directly relate to investing style, according to a recent report.

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