Verisk estimates that on an annual average basis, catastrophes around the world are expected to cause about $123 billion in insured losses compared to an average of $74 billion in actual losses over the past 10 years.
Americans look for retirement income protection in the face of recession
WASHINGTON, September 28, 2022 – As the drumbeat of a potential recession grows louder and Americans continue to face the…
Kane’s term will begin Jan. 1, 2023, succeeding incoming 2023 FPA President James Lee
Groups press states to reduce barriers to insurance agent licensing
In a move to boost the number of insurance agents and make licensing exams easier to pass, life and annuity industry groups are asking states to update licensing rules and remove unnecessary barriers.
Demand for broker assistance has increased in recent years as human resource teams become increasingly resource constrained.
Senate scrutinizes ultrawealthy life insurance strategy
Senate Finance Committee Chairman Ron Wyden, D-Ore., demands answers from three insurance companies and an association on private placement life insurance.
Sarah Iselin looks ahead to new role leading Mass. BCBS
Early next year, Sarah Iselin, 51, will become the first female CEO of Blue Cross Blue Shield of Massachusetts, the…
Is popular financial advice all wrong? A Yale economist weighs in
: Yale professor James Choi reviewed 50 of the top financial advice books by non-economists and finds a lot that contradicts economics. But is that a bad thing?
While classified as variable annuities, indexed-linked products do not fit into Model 250, which includes the nonforfeiture rules that determine how much money a contract holder can get back if they give up the annuity.
How a whole life insurance policy can complement their other asset classes and provide an alternative source of funds at retirement.
Study examines how financial advisors can help clients weather market volatility
Investors – and their advisors – are looking for strategies on how to stay calm and focused on financial goals during volatile markets.
In-plan lifetime income solutions can put employees on the path to retirement confidence and play a valuable role building retirement security and peace of mind.
Regulators adopt mortality tables reflecting decade of COVID-19 loss
Mortality tables are used by insurance companies to calculate reserves for claims and benefits and cash surrender value of life insurance policies. The adjustments are needed due to the 1.08 million COVID-19 deaths in the United States since 2020.
Employers should continue to provide a base amount of employer-sponsored group term life. However, employers should provide employees with access to individual life insurance.
Rethinking the senior market: A look at new products, Medicare challenges
Today’s older consumers don’t want to do things the same way their parents did – and the senior advice market is taking notice. Needs are becoming more complex and seniors want more choices. The industry is responding with new products and new ways of reaching today’s seniors.
With another rate increase from the Federal Reserve and midterm elections taking place in November, market volatility remains high. With…
COLUMBUS, OH – Small businesses are more likely to be the target of a cyberattack than larger companies, but a…
Trade associations to House: It’s time to hold a vote on the RILA Act
A group of industry trade associations beseeched the House Finance Committee this week to bring stalled legislation to reduce market barriers for the sale of registered index linked annuities to the House floor for a vote.
Outrunning the bear – How to escape cyberfraud
The key to avoiding being the victim of cyber-fraud is not being the easiest prey, said fraud expert Michael Skiba during the NAIC Insurance Summit.
