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November 11, 2022
Cyberattacks impact 80 of firms surveyed.

Ransomware, cyberattacks impact 80% of firms surveyed

A new report from Delinea, an access management and security company, found that nearly 8 out of 10 companies it surveyed have had to use their cyber insurance and more than half of those have used it multiple times.

November 10, 2022
State regulators are tinkering again with illustration regulations
A "quick fix" proposal for IUL illustrations earned a nod from regulators Wednesday.

‘Quick fix’ concept for IUL illustrations advanced, with some dissent

A state insurance regulator subgroup came up with a “quick fix” Wednesday to address faulty illustration problems within the Actuarial Guideline 49-A.

AIMCOR acquires McQueen Kalligan Insurance Services

November 10, 2022

AIMCOR Consolidated, a joint venture between AIMCOR Group and AmeriLife Group, announced today that it has acquired brokerage general agency…

The Inflation Reduction Act creates urgency for clients to make large gifts

November 10, 2022

This new law’s provisions — along with the forthcoming sunset of the gift tax exemption levels that were part of the 2017 tax reform law — make this an attractive time for high net worth clients to consider making large gifts.

November 9, 2022
Passing on wealth.

Study finds passing on wealth planned, but not discussed

About 8 in 10 respondents to a recent study said they are taking steps to pass on wealth to their heirs, but are not discussing their plans with heirs – in some cases, in order to avoid any conflict such plans may evoke.

The magic trick to extrapolate client spending

November 9, 2022

By Emma Cramm Daily, financial planners answer their clients’ heart-wrenching question: “Am I on track?” The answer requires quantitative data…

1 in 3 made changes to investment portfolios in past 6 months

November 9, 2022

As inflation continues to pose challenges for American adults’ financial strategies, New York Life’s latest Wealth Watch survey has found that people are coping by adjusting debt management and investment strategies, although the financial guidance informing these strategy adjustments varies by generational cohort.

National Life approves $26.5M in dividends

November 9, 2022

The National Life Group Board of Directors has approved an estimated payment of approximately $26.5 million in dividends to eligible participating policyholders in 2023.

Give clients a 3C experience

November 9, 2022

An experience that impacts carriers and colleagues, as well as clients, creates maximum growth.

November 8, 2022
American Equity

American Equity FIA sales drop; reinsurer investor drops out

American Equity executives said fixed index annuity sales dropped in the third quarter because the carrier is being smart about pricing. Meanwhile, Brookfield Re abruptly announced it was selling its 16% share of the carrier.

Wisconsin releases enforcement actions for October

November 8, 2022

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

Former California insurance agent sentenced for theft from elderly consumer

November 8, 2022

Formerly licensed insurance agent Vincent Allen LaGrange, 66, of Seal Beach, was sentenced today in San Bernardino County Superior Court…

November 8, 2022
Brighthouse Financial suffers bad quarter despite strong annuity sales.

Brighthouse ratchets up annuity sales amid tough economic quarter

Brighthouse missed revenue estimates and posted a net loss available to shareholders of $702 million. Annuity sales were up significantly, however.

November 8, 2022
Study finds consumer satisfaction with auto insurance is declining.
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Customer satisfaction with auto insurance industry declines, study finds

Despite technological innovations and a growing emphasis on customer service, customer contentment with auto insurance industry is declining, according to a J.D. Power claims satisfaction study.

November 8, 2022
Americans fear recessions, study finds.

Survey: Americans fear recession, seek personalized financial advice

Many Americans fear the country may slide into recession, according to a new MDRT study, which also found that people would prefer personalized financial advice rather than relying on digital platforms or “universal rules.”

November 7, 2022
AmeriLife is acquiring TruChoice
The marketing world arms race continues with AmeriLife striking a blockbuster deal.

AmeriLife acquiring TruChoice to create ‘a force to be reckoned with’

AmeriLife Group, a national leader in marketing, and distributing life and health insurance products, will acquire TruChoice Financial Group in an industry altering deal.

November 7, 2022
Black Americans falling short on life insurance coverage.

Life insurance gap persists for Black Americans

With a life insurance gap still present among Black Americans, an MDRT member shares some critical insights agents should keep top-of-mind as they pursue the African- American market.

November 7, 2022

Static assumptions do not account for unforeseen risks

How do financial professionals incorporate conversations around the risk of long-term care into their planning?

November 7, 2022
For sixth consecutive year, number of uninsured women grows.

Number of uninsured women grows for sixth year, study finds

For the sixth consecutive year, the percentage of uninsured women has increased, according to the 2022 Insurance Barometer Study by LIMRA and Life Happens.

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