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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.

December 6, 2022

Debt ceiling standoff could crash economy

As the days tick down to the end of this Congress’ term, hopes dim on raising the debt ceiling, which could set up a dangerous game of chicken next year.

December 5, 2022
Billionaire businessman Greg Lindberg faces a second trial on bribery charges
North Carolina Insurance Commissioner Mike Causey, left, and Greg Lindberg, right, are at odds over the future of Lindberg's financially troubled insurance companies.

NC regulators throw cold water on Lindberg deal to sell insurers

North Carolina Insurance Commissioner Mike Causey, left, and Greg Lindberg, right, are at odds over the future of Lindberg’s financially troubled insurance companies.

December 5, 2022

Big ideas that could generate lifetime retirement income

A panel of financial industry leaders looked at simple ways that retirement plans could generate lifetime paychecks for workers.

December 5, 2022

Economist predicts brief recession in 2023

Inflation will be the driving force behind a future recession, but it’s not all bad news for stocks.

December 5, 2022
Retirement saving is a big crisis in the U.S., experts say
An EBRI panel endorsed mandatory enrollment in retirement plans

EBRI panelist: Retirement plan mandate needed now to solve crisis

The solution to America’s retirement savings crisis is an obvious as mandating all employers provide a retirement plan, said Ed Murphy, president and CEO of Empower Retirement.

December 5, 2022

Could 2023 be the year of usage-based insurance?

By tracking driving habits such as braking, acceleration, mileage, etc., insurers can assess risk more accurately, giving them more control over who to take on as a policyholder.

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