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November 21, 2022
Legislative inertia expected in Congress following midterm elections.

Divided government unlikely to bring big changes to Washington

Geoff Manville, partner and government relations leader with Mercer’s law and policy group, said that with Senate control in Democratic hands while the House of Representatives moves to Republican control, “the Democrats’ policy agenda – what’s left of it – will be on ice for the next two years.”

National Council of Insurance Legislators adopts bipartisan paid family leave model law

November 21, 2022

The “Paid Family Leave Insurance Model Act” makes family leave plans a type of insurance that employers can voluntarily purchase for their employees

November 21, 2022
A recent survey found nearly half of its respondents are very concerned about inflation, and a third of those respondents are holding more than 90% of their investable assets in cash.

Survey reveals consumer attitudes toward saving and investing

As Americans continue to grapple with high inflation, a new survey finds nearly half of its respondents are very concerned about inflation, and a third are holding more than 90% of their investable assets in cash.

November 18, 2022
Life insurance settlement market expected to rebound, grow, says researchers.

Life settlements drop 9%, but poised to pick up, Conning says

COVID concerns weighed on sales, which broke a five-year winning streak, but Conning researchers expect the market to pick up this year.

November 18, 2022
Why financial advisors should specialize.

How specialization leads to success

As professions such as medicine and law evolved, we saw greater specialization among their practitioners. The financial planning profession is a younger profession in comparison to medicine and law, but we are seeing an increasing shift toward specialization by financial professionals.

November 18, 2022
Gallup survey finds unhappiness on the rise.
Gallup survey finds unhappiness on the rise.

Unhappiness on the rise globally, Gallup says

Gallup has tracked positive and negative states since 2006 – and negative is winning, with a big spike last year.

November 17, 2022
Analyst cites need for action on fiduciary rule.

DOL needs to get moving on its fiduciary rule, analyst says

The Department of Labor better not wait too long to publish its redefinition of “fiduciary,” a leading expert on retirement plan rulemaking said today.

Corebridge Financial introduces Dimensional US Foundations Index

November 17, 2022

Corebridge Financial today announced the introduction of the Dimensional US Foundations Index, an index created by Dimensional Fund Advisors for use exclusively in The Power Series of Index Annuities, Corebridge’s family of fixed index annuities.

Market hardening and higher interest rates: the silver lining for insurers

November 17, 2022

Looking forward, Swiss Re Institute expects the insurance industry to return to premium growth of 2.1% annually on average in real terms in 2023 and 2024, supported by a combination of easing inflation, market hardening in property and casualty lines, as well as stronger life insurance demand.

No Surprises Act protects 9M Americans from surprise medical bills, study says

November 17, 2022

For millions of Americans, the No Surprises Act protects them from surprise medical bills they did not expect, at prices they could not afford.

November 17, 2022
Millennials, Gen Z using broad range of methods to save for retirement.

Millennials, Gen Z using wider range of retirement resources than previous generations

Young workers are relying on more than their 401(k) plans to save for retirement, as other types of investments are playing a greater role in their long-term wealth plans, according a Schwab Retirement Plan Services study.

Improving the P/C claims experience through digital transformation

November 17, 2022

If clients have to make a phone call, navigate a menu and sit on hold to file a claim, their overall experience will suffer and they won’t be happy.

November 16, 2022
Inflation causing Americans to skimp on health care.

Inflation causing Americans to skimp on critical health care expenses, study finds

High inflation is causing many Americans to skimp on everything from buying groceries to paying for critical health care expenses, according to a recent Nationwide Retirement Institute survey.

TransUnion report identifies Hurricane Ian’s effect on auto and property insurance markets

November 16, 2022

TransUnion’s Personal Lines Insurance Trends and Perspectives Report found auto insurance shopping rates ended down 2% compared to Q2 2022 and down 1% compared to Q3 2021.

November 16, 2022

Bank channel drives record 3Q annuity sales, LIMRA reports

Overall annuity sales were $80.7 billion in the third quarter, a 29% increase from prior year results, according to LIMRA’s U.S. Individual Annuity Sales Survey. This represents the highest quarterly annuity sales results ever.

Amid the war for talent, don’t forget the retirement plan

November 16, 2022

Voya Financial is releasing new findings from a consumer research survey revealing that, while the broad scope of workplace benefits and savings offerings for employees continues to evolve, the employer-sponsored retirement plan remains a critical component to attracting and retaining talent.

Assured Allies launches NeverStop for the 55+ market

November 16, 2022

Participants can enroll in NeverStop as early as age 55 and can be rewarded with additional insurance coverage based on level of participation.

November 16, 2022
Repeal and replace unlikely in new Congress.

Repeal and replace unlikely in new Congress, panel says

One that that will not be an issue in the new Congress is repeal and replacement of the Affordable Care Act, Jennifer Young, partner with Tarplin, Downs and Young, said during a Tuesday webinar held by KFF.

DPL partners with Corebridge Financial for commission-free annuities

November 16, 2022

DPL is collaborating with Corebridge as the annuity provider expands its outreach to the registered investment advisor community.

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