When McCauley assumes the leadership role, she will be the first female president and CEO in the organization’s history.
As Fed eyes hike, businesses cry ‘Uncle!’
The Federal Reserve is expected to raise interest rates another 0.75% in November in an effort to slow the economy, but a Nationwide poll found that small business owners are not prepared to deal with an economic slowdown.
Here are some fraudulent schemes that target insurance professionals and could compromise privileged information.
There were 627 announced insurance agency mergers and acquisitions during the first three quarters of 2022, down from 668 in 2021, according to OPTIS Partners’ M&A database. It was the second-highest recorded total for this nine-month period.
The state has the highest number of deaths per 100,000 people.
Geopolitical risks come in second place, overtaking cyber and pandemic risks.
IRS increases 401(k) limits, allowing savings lift in face of inflation
The IRS announced the largest ever increase in contribution limits to 401(k) plans and other federal savings programs, raising the amount individuals can contribute to 401(k) plans to $22,500 in 2023, from $20,500 in 2022.
Increasing costs of litigation and medical expenses continue to impact auto insurance losses.
The total damage and economic loss caused by the Mississippi River’s historically low water levels and related supply chain impact are estimated to be around $20 billion, according to AccuWeather.
This program pairs the risk management acumen of actuaries with the interdisciplinary expertise necessary to manage the complexity of climate risk.
Clients are looking for stability through their financial plans.
This will enable faster group connection and processing times, as well as decreasing operational overhead for benefits administration.
NY Court of Appeals reinstates tough standard for life insurance, annuities
The New York State Court of Appeals sided with regulators in a Thursday decision to reinstate the toughest state annuity sales standard in the nation.
A recent Agency Forward survey from Nationwide reveals that few see relief in the near term and are taking alarming measures to protect their business as they anticipate a recession in the coming months.
Study examines Gen Z financial priorities, challenges and barriers
As a follow-up to its Better Money Habits’ Gen Z 2021 research, Bank of America took a deeper dive into that generation’s distinct approach to money, financial priorities, behaviors and challenges.
Do your clients have the right coverage and do they have an overall preparedness plan in place to help ensure the safety and protection of their family and assets?
Experts weigh in on how homeowners should react to softening home values
We asked real estate agents and other experts to weigh in on how homeowners should react to softening home values in the face of rising interest rates and inflation.
Improving the First Notice of Loss process can help keep clients from jumping to another carrier.
J.D. Power studies: Customer satisfaction drops after life, annuity purchases
Customer satisfaction with individual life and annuity products starts declining relatively soon after purchase, resulting in low likelihood of the purchase of other insurance and financial services products, according to two recent studies from J.D. Power.
