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Former California insurance agent sentenced for embezzlement

December 23, 2022

Formerly licensed insurance agent Anaiza Villarreal Lopez, 30, of McFarland, Calif., was sentenced in Kern County Superior Court on one…

December 23, 2022
InsuranceNewsNet's top life insurance stories for 2022.

Top life insurance stories of 2022 focused on COVD-19, business case for buying life insurance

The most popular life insurance stories in 2022 ranged from record-setting indexed life sales to re-thinking the “buy term and invest the difference” strategy. Here’s a look at the most-read life insurance articles in InsuranceNewsNet in 2022.

December 23, 2022

How to have a breakthrough in 2023

Make a commitment that you will keep and that will help you move past anxiety and fear to reach your goals.

December 22, 2022
While winter storm damage was mild in early 2022, more severe weather is expected.

Winter damage in first half of 2022 is mild, but US braces for harsher weather

Winter weather caused an estimated $64.1 million in property damages in the first half of 2022, which ranks it as a relatively mild season compared to previous years. Nevertheless, the U.S. is bracing for another destructive winter season as climate change is making winter weather worse.

How insurance brokers can ensure consent and compliance in marketing

December 22, 2022

In a crowded market with declines in premiums and fewer guaranteed renewals, it’s critical to cultivate a sense of trust with your consumers. That starts with marketing compliance.

December 21, 2022
New regulations are on the way from the Labor Department.
The Department of Labor is fighting a pair of lawsuits against its investment advice rule.

DOL investment advice lawsuit could be decided soon

Not much has happened since a pair of lawsuits were filed in February against the Department of Labor’s investment advice regulation. But at least one of the courts could rule early in 2023.

December 21, 2022
The majority of U.S. companies surveyed say they plan to improve health care and benefits in 2023 to help attract and retain employees.

Employers surveyed plan to enhance benefits in 2023 to attract, retain talent

Over two-thirds of the 708 organizations responding to a recent survey said they plan to enhance health and benefit offerings in 2023, with the clear objective of supporting hiring and retention.

How data automation can help insurance companies with data conversion

December 21, 2022

Insurance carriers are seeing value in implementing digital transformation across their business ecosystem. However, digital transformation efforts are often challenged by the complexities of existing legacy information technology infrastructure.

Equitable research looks at financial protection as an asset class

December 20, 2022

Research commissioned by Equitable examined attitudes toward retirement in light of increased inflation and the impact of the COVID-19 pandemic.

December 20, 2022
Image shows a row of shadowed people
Proponents of retirement legislation say workers need greater opportunities to save and more access to protected lifetime-income solutions. (AI-generated image)

Congress reaches deal on historic retirement saving changes

Congress has reached agreement on historic retirement saving changes Monday, tucked inside a massive $1.7 trillion spending plan expected to pass in the coming days.

Commentary: The global insurance industry will undergo an exciting shift in perception

December 20, 2022

Let’s break down silos and shift to a more exciting, people-centered business.

December 19, 2022
Insurers have long gamed life insurance illustrations, critics say
Regulators are unsure about opening the life insurance illustration model at this time.

NAIC regulators decline to move life illustration rework forward

A state insurance task force passed on a chance to endorse reopening the overall life insurance illustration model law, leaving the effort in limbo going forward.

Gen Z plans to retire earlier than any other generation before them

December 19, 2022

The nation’s youngest adults are taking significant steps to improve their financial wellbeing with the goal of retiring at age 59 – years ahead of the generations that preceded them.

December 19, 2022

J.P. Morgan and Lincoln Financial merge insurance trust funds

Shareholders of four JPMorgan Insurance Trust Portfolios will be asked to approve a proposal to merge the JPM VITs into four corresponding, newly formed series of Lincoln Financial Variable Insurance Products Trust.

December 19, 2022
Marketing your practice: 7 tips for financial advisors in 2023.

Marketing your practice: 7 tips for financial advisors in 2023

Forward-thinking advisors are embracing a variety of high-tech solutions even as they revisit the older, tried-and-true strategies. Here are 7 ideas advisors can use to boost their marketing plans as they search for growth in the year ahead.

This overlooked asset could help optimize your clients’ financial plan

December 19, 2022

Incorporating cash value VUL insurance into a securities-only portfolio has the potential to increase the strength and resilience of your clients’ portfolios.

Paid family leave model law one of four adopted by NCOIL

December 16, 2022

The NCOIL Paid Family Leave Insurance Model Act provides a framework for states to create a new line of insurance in which any insurer licensed to transact life insurance or disability income insurance will also be able to provide coverage for paid family leave.

December 16, 2022
AIG is being sued by a group of former executives
An AIG subsidiary filed for bankruptcy in Delaware this week.

AIG subsidiary files bankruptcy amid ongoing lawsuit by former execs

A subsidiary of insurer American International Group Inc. filed for Chapter 11 bankruptcy Tuesday, a move panned by a group of former executives suing the insurer.

How vehicle insurers can leverage AI and data analytics to determine accident liability

December 16, 2022

With innovations in artificial intelligence and data analytics, there may finally be a way to streamline claims management and produce better outcomes for everyone involved.

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