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Regulators approved a list of “regulatory considerations” Tuesday for the Macroprudential Working Group. Many items on the list deal with the unknowns surrounding private equity control of insurers.
How high will 2023 ACA rates go?
Connecticut insurers seek big rate hikes.

It is unclear whether a pair of lawsuits filed recently will do anything to slow down the Department of Labor’s push to extend the fiduciary standard. A Faegre Drinker panel debated the legal impact Tuesday.

Even prior to the onset of the pandemic two years ago, a major trend had been emerging which transcends all demographics. It is the side hustle, and the economic upheaval brought on by the pandemic has only expanded its prevalence.
Crypto currency is an investment area advisors need to be familiar with, a consultant says.

More and more clients have money in the $2.5 trillion digital asset space, but their advisors are not paying attention to them, says a McKinsey wealth management report.
Financial education programs are proving beneficial for employees and employers both.

We’re often overloaded with clients, which makes it difficult to cultivate strong, personal relationships with each one. When you have less time to meet with each client, there isn’t much room to build those deeper connections.
More than just insurance is needed to fight off cyber criminals, one expert says.
Cyberattacks can cost customers dearly.

One of the most promising areas of growth for wealth managers is a larger segment of younger wealthy investors who are already using digital platforms for their own investing, but they still want advice from humans, says a McKinsey report.

Given the current heightened awareness of long-term care, financial advisors are having more prospects reach out to them to begin proactive conversations around what a long-term care event might mean for them and their families.
The NAIC executive committee recently approved a new process for long-term care rate review.

An NAIC regulator group is refining a draft regulation to better regulate the popular and unique indexed-linked annuities.
The insurer celebrated a successful IPO for its life and retirement division.
AIG reported strong third-quarter financial performance.

AIG’s Life & Retirement segment reported adjusted pretax income of $969 million in the fourth quarter, down 5.6% from the year-ago quarter. Officials discussed 2021 results with analysts this morning.
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.

However unintentional or well-meaning they may be, microaggressions in the workplace should not be ignored or go unaddressed, said a diversity and inclusion expert at American Family Insurance.