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Wordle, Investing, And Russia/Ukraine: What’s The Connection?

February 16, 2022

Three hot topics at once. Talk about efficiency! Beyond efficiency, though, I do think there is a fairly deep connection here—and one that is worth talking about right now.

California Couple Sentenced In Insurance Fraud Case Totaling Nearly $1M

February 16, 2022

Carmen Hall Soruco, 70, and her husband Antonio Soruco, 75, both of Novato, Calif., were sentenced last week after pleading…

February 16, 2022

Strongest Life-Annuity Market In 20 Years, Conning Says

Conning researchers say that consumers are looking for more annuity opportunities as they near retirement and seek better returns in a low-interest rate environment.

February 15, 2022
The NAIC executive committee recently approved a new process for long-term care rate review.

Regulators Split On Plan For Insolvent Pennsylvania Health Insurer

Senior Health Insurance Company of Pennsylvania was put into rehabilitation in 2021 by the Commonwealth Court of Pennsylvania after regulators said it was “statutorily insolvent.”

RetireOne And Midland National Announce Constance CDA

February 15, 2022

San Francisco, CA – February 15th, 2022 – RetireOne, an independent platform for fee-based insurance solutions, today announced they have…

New Legislation Would Allow Lifetime Income Products As Default Retirement Plan Investment

February 15, 2022

WASHINGTON, D.C. – Bipartisan legislation to eliminate a barrier preventing lifetime income products as default investment choices in retirement plans…

February 15, 2022
Inflation is on the minds of many Americans.

Raising Interest Rates To Curb Inflation: What Could Go Wrong?

It’s part of the mandated job of the U.S. Federal Reserve to prevent inflation from getting out of hand – and lowering it back to its preferred pace of about 2%. To do that, the Fed has signaled it plans to raise interest rates several times this year.

February 15, 2022
How high will 2023 ACA rates go?
Connecticut insurers seek big rate hikes.

Businesses, Individuals Face Onerous Insurance Disclosure Obligations In NY

A quiet bill passed in New York on the final day of 2021 threatens to have major consequences for the…

California Issues 14 Cease And Desist Orders Over Unlicensed Health Coverage

February 15, 2022

The California Department of Insurance has issued a Cease and Desist Order against First Continental Life & Accident Insurance Company…

Americans Split On State Of The Economy, Edward Jones Survey Finds

February 15, 2022

ST. LOUIS – February 15, 2022 – According to a new study from financial services firm Edward Jones and Morning…

P/C Insurers See $5.6B Net Underwriting Loss In 1st 9 Months Of 2021

February 15, 2022

JERSEY CITY, N.J., Feb. 15, 2022 (GLOBE NEWSWIRE) — Private U.S. property/casualty insurers saw a $5.6 billion net underwriting loss…

Boost Insurance Powers First Crypto Wallet Insurance Product For Retail Investors

February 15, 2022

New York, February 15, 2022 – Boost Insurance (“Boost”) alongside go-to-market partner, Breach Insurance (“Breach”), an insurtech that provides insurance…

February 15, 2022
Technology can help pull in potential customers who remain in limbo, but want to buy.

Technology Can Help Insurers Snag Potential Buyers Who Remain ‘Stuck’

Every year, more than 17 million life insurance policy applications die on the vine – each one a “stuck shopper” who begins an application but does not complete the process.

California Man Steals $120K From Brother’s Annuity Policy, Authorities Say

February 14, 2022

Randall Smith, 64, of Oceanside, Calif., was convicted on one felony count of forgery after misusing his power of attorney…

February 14, 2022
Investing through apps is up since the pandemic, a study finds.

Investment App Usage Bloomed As COVID-19 Spread, Survey Finds

According to a poll of nearly 2000 investment app users by The Penny Hoarder, two out of three (66%), said they started investing during the pandemic, and 67% said the pandemic was the reason they became more serious investors.

February 14, 2022
MetLife is courting buyers for a variable annuity block, Reuters reports.

MetLife Considering Sale Of Variable Annuity Block, Reuters Reports

MetLife is just starting to work with an investment bank on selling the VA business to focus on higher-growth segments, according to Reuters.

Ohio National Pays $1.5B In Dividends To Policyholders In 2021

February 14, 2022

CINCINNATI, Feb. 11, 2022 (GLOBE NEWSWIRE) — Ohio National Financial Services, Inc. announced today it finished 2021 with $1.5 billion…

February 11, 2022

Brighthouse Boosts Sales On Growing VA, SmartCare Sellers

Brighthouse Financial showed strong sales in its Shield Level index-linked annuities and in its SmartCare indexed universal life insurance with a long-term care component, although some losses dragged on the company’s bottom line

February 11, 2022
A new partnership among leading insurers aims to investment in communities of color.

The 3 Buckets To Attract And Retain Minority Job Candidates

Black professionals are seeing increased opportunities, but the insurance and financial services industry has more to do in attracting Black job candidates, according to a presenter at a National African American Insurance Association event.

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