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December 13, 2022
Investors default to mobile apps first for financial info, study says.

Survey: Mobile investment apps are first stop for many – especially Gens Y, Z

A study by J.D. Power found that mobile apps have become the first resources investors consult to review their portfolios, make transactions, and conduct research. The trend is particularly noticeable among younger investors.

December 12, 2022
Retirement survey finds more than half retire earlier than planned.

Retirement survey finds more than half retired earlier than planned

More than half of current retirees aged 62 to 75 surveyed say they have retired from their jobs earlier than planned, according to EBRI’s 2022 Spending in Retirement Survey.

Automatic liability: New risk under California’s insurance lapse protection statutes

December 12, 2022

A pair of California court rulings means insurers must be diligent in complying with lapse protection statues before terminating policies for nonpayment.

2/3 of investors feel as though their financial safety net has been taken away

December 9, 2022

More than two-thirds of American investors (67%) feel like their financial safety net has been taken away from them as a result of the events of 2022, up drastically from 47% of people who said so one year ago.

December 9, 2022

Tips to wow clients and have a successful 2023

As the end of the year approaches, it’s easy for our clients to become distracted by the events of the last year rather than looking ahead to the possibilities the new year could bring.

Wisconsin releases enforcement actions for November

December 9, 2022

The Wisconsin Office of the Commissioner of Insurance recently released a list of administrative actions for November. The actions are…

December 9, 2022
Opening the life insurance illustration model could be a years-long process
Regulators are pondering a redo of the model life insurance illustration regulation.

Insurer: Add full in-force life insurance illustration to regulation remix

A state regulator panel has closed an initial comment period on potential changes to the overall life insurance illustration regulation.

December 8, 2022
Medicare open enrollment closes, setting new records.

Medicare open enrollment closes, setting new record of 65M enrollees

Another record-setting Medicare open enrollment period closed this week with more than 65 million Americans having to choose between Medicare or more than 40 different Medicare Advantage options.

December 8, 2022
"Brain training" is fastest growing Medicare Advantage fitness benefit.

‘Brain training’ is fastest growing Medicare Advantage fitness benefit, data shows

Now offered by more than 25 percent of plans that offer fitness benefits, federal data show that “brain training” is the fastest growing Medicare Advantage fitness benefit.

December 7, 2022
RILA Act clears Senate, one step closer to law.
The RILA Act is widely supported in the insurance industry

RILA Act clears Senate, one step closer to law

The Senate passed legislation Tuesday night to reduce market barriers for the sale of registered index linked annuities.

December 7, 2022

How to overcome market turmoil and make 2023 your best year ever

Join InsuranceNewsNet Publisher Paul Feldman on Dec. 7 as he and Tom discuss what to expect in 2023 and how to be prepared to overcome market challenges to ensure having the most successful year ever.

California probe leads to $23.8M settlement with Essilor Laboratories of America

December 7, 2022

Insurance Commissioner Ricardo Lara announced that Essilor Laboratories of America, Inc. (Essilor) has agreed to a $23.8 million settlement in…

December 7, 2022
GOP proposals would "flatten" Social Security benefits, increase retirement age.

GOP proposals would create flat Social Security benefit, up retirement age

Republicans poised to take control of the U.S. House say their plans will save Social Security by returning it to its antipoverty roots.

December 6, 2022
LIMRA says the need for life insurance combination products appears to be increasing.

LIMRA: Life combo products provide more options as LTCi market slows

As the market for long-term-care insurance (LTCI) slows, the need for life insurance combination products appears to be increasing, according to LIMRA.

December 6, 2022
Americans survey say they will need $1.25 million to retire. But is that possible for most Americans?

Anxious America says it takes $1.25M to retire – but what is the reality?

Americans recently surveyed said they would need $1.25 million to be able to retire. But is that possible for most Americans?

Northwestern Mutual expands disability insurance choices for medical professionals

December 6, 2022

Northwestern Mutual announced that it is introducing additional flexibility and choice into its lineup of disability insurance solutions for medical professionals, including physicians and dentists.

LIMRA: U.S. individual life insurance sales drop in third quarter 2022

December 6, 2022

Total U.S. individual life insurance new annualized premium fell 5% in the third quarter compared with prior year results, LIMRA found.

Hurricane Ian compounds Florida homeowners’ insurer vulnerability, Fitch reports

December 6, 2022

The Florida homeowners’ insurance market’s already precarious position will weaken further with the destruction generated by Hurricane Ian, a storm that is potentially the second largest hurricane in terms of insured losses, Fitch Ratings says.

Bill would remove agents and brokers from burdensome Medicare rule

December 6, 2022

A bill (S. 5149) introduced by Senator Mike Rounds (R-SD) would amend a definition that would currently result in burdensome requirements for insurance agents and brokers who assist consumers enrolling into Medicare.

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