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August 19, 2022
Insurance ads among top seen.

Insurance industry ads continue to be among top watched

Since Jan. 2021, insurance brands – life, health, auto & general – have accounted for 9.32% of estimated national TV ad spend and 6.25% of TV ad impressions during new-airing programming. Also, four of the five most-seen brands in that timeframe were insurance brands.

August 18, 2022
SECURE 2.0 would make it easier to save for retirement, backers say
Many Americans are concerned about their retirement security.

Key retirement legislation could secure legacy for some powerful DC backers

During a Faegre Drinker webinar Thursday, Brad Campbell projected passage odds at 70% for SECURE 2.0, well above what he called the general 50-50 consensus.

August 18, 2022
John Hancock was cited by New York regulators for LTC violations.
New York consumers are due for compensation under a deal regulators struck with John Hancock.

John Hancock to return $21.6M to New Yorkers after state LTCi probe

John Hancock will also pay a $2.5 million dollar penalty for violations of New York Insurance Law following a compliance review with state requirements for long term care (LTCi) insurance.

National Health Insurance Co. to pay over $1.9M for prescription drug practices

August 18, 2022

California Insurance Commissioner Ricardo Lara announced a major settlement with National Health Insurance Company (National Health). The California Department of…

August 17, 2022
Biometric data lawsuits test insurer’s coverage limits.

Biometric data lawsuits test insurer’s coverage limits

Illinois courts will soon decide a pair of biometric data cases and potentially establish important precedents in the next round of data privacy exposure for insurance companies.

Weston, UPC policyholders have 60 days to place policies with Louisiana Citizens

August 16, 2022

Insurance Commissioner Jim Donelon announced today that Louisiana Citizens will provide an additional 60 days after cancellation for insurance agents…

Sammons names Tyler Brown new government affairs director

August 16, 2022

Sammons® Financial Group, Inc. has named Tyler Brown to the role of director, Government Affairs. In this strategic role, Brown…

August 16, 2022
Life insurance sales remained strong in 2022.
Indexed life drove record sales for the year.

Task force weighs ‘limited’ revision of life insurance illustrations model

The overall life insurance illustration model regulation was an acrimonious process that took years before the NAIC adopted it in 1995.

Commentary: CMS Medicare recording requirement could risk senior data

August 15, 2022

What is meant to protect Medicare beneficiaries could end up hurting them.

August 12, 2022

Inflation Reduction Act contains ‘unprecedented’ health care provisions

The bill makes major changes to Medicare as well as extends the enhanced tax credits that enable Americans to buy health insurance through the Affordable Care Act exchanges.

UnitedHealthcare introduces new business unit Surest

August 12, 2022

MINNETONKA, Minn. (Aug. 11, 2022) — UnitedHealthcare’s Surest offers a new approach to health benefits that removes deductibles and provides clear…

August 11, 2022
Diversity efforts need continual attention, panelists said during a Wednesday webinar.
Companies need to make a greater long-term commitment to diversity, panelists said during a Monday web event.

DEI efforts stymied by lack of mentoring, sponsorship

The need to diversify participation of women and people of color in financial services has never been greater and can directly impact a company’s bottom line, webinar presenters agreed.

69% of Americans concerned about their current financial situation

August 11, 2022

ATLANTA – Aug. 11, 2022: New consumer data shows a greater need for financial advice across generations. intelliflo, the leading…

Businesses increasingly concerned about meeting ransomware demands

August 10, 2022

WATERLOO, ON, Aug. 10, 2022 /PRNewswire/ — BlackBerry Limited (NYSE: BB) (TSX: BB) and Corvus Insurance today released the BlackBerry Cyber Insurance Coverage study, showing businesses are…

August 10, 2022
Sales of annuities inside retirement plans is growing.
Annexus Retirement Solutions has a leg up on retirement plan annuities.

Annexus company finding retirement plans receptive to annuities

It has been a very busy 2022 for Annexus Retirement Solutions, a critical year for taking advantage of opportunities created when Congress passed the Setting Every Community Up for Retirement Enhancement Act, or Secure Act, in 2019.

August 10, 2022

DEI Success: From making a great hire, to serving a wider audience

The financial services industry has made progress in attracting a diverse field force as well as in serving a diverse population. What has worked and what are the next steps? Our panelists will provide their unique insights.

August 10, 2022
'Soft' fraud is growing, Transunion says
Fraud of all kinds is hurting the insurance industry despite efforts to crack down.

Insurance industry still victimized by growing number of scammers

TransUnion said the insurance industry is seeing more “soft fraud” because some consumers may be representing their policies incorrectly to save money.

August 9, 2022
Principal execs touted strong second-quarter results
Principal Financial Group is in transition after finding a buyer for its traditional insurance business.

Principal Financial’s benefits business jumps while AUM slumps in 2Q

Principal Financial sees its pivot to the small- and medium-sized businesses pay off in its specialty benefits segment, but its assets under management sagged in the quarter.

Middle market businesses continue to thrive despite macroeconomic pressures

August 9, 2022

WHITEHOUSE STATION, N.J., Aug. 9, 2022 /PRNewswire/ — New data released from Chubb and the National Center for the Middle Market (NCMM), housed at…

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