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September 13, 2021
Credit card balances are in good shape for many Americans.

Revolving Credit Balances Reach Pre-Pandemic Levels

The last time revolving credit balances were over $1 trillion was in April 2020, before the COVID-19 pandemic slowed consumer spending.

September 9, 2021
A Maryland financial company allegedly sold insurance to clients who didn't ask for it.
Clients unwittingly bought insurance policies they didn't ask for, investigators said.

NAIC Report: Insurance Producers Rack Up Nearly 42,000 Fines In 2020

Insurance producers accounted for nearly 42,000 fines in 2020, while 1,275 licenses were suspended and another 1,468 licenses were revoked.

Maryland’s FineFix Program Ends With Nearly 20,000 Uninsured Motorists Paying Up

September 9, 2021

FineFix, Maryland’s uninsured motorist fine forgiveness program, officially ended on July 31, 2021.

Allianz Life Partners With iJoin And IPX On Guaranteed Income Option

September 9, 2021

Recordkeepers and advisors using iJoin will be able to offer the Allianz Lifetime Income+ Annuity with the Lifetime Income Benefit as a protected accumulation and decumulation option in 401(k)s and other defined contribution plans.

September 9, 2021
A group of Chicago restaurant owners say they have a strong case for business interruption insurance coverage.

Chicago Restaurant Owners Sue Insurers Over Pandemic Coverage Denial

A new lawsuit was filed Tuesday by a group of prominent Chicago restaurant owners. The group is suing insurers in state court, claiming that government pandemic restrictions caused the physical damage required to trigger coverage under their policies.

J.P. Morgan Partners With AIG On SmartRetirement Plus Income Option

September 9, 2021

SmartRetirement Plus will be delivered through an intuitive digital experience that provides participants with information on how to convert retirement plan savings into retirement income.

MDRT Seats A New Executive Committee Led By President Randy Scritchfield

September 9, 2021

The 2022 MDRT Executive Committee ushers in an integrated approach to supporting the financial services profession, as Randy Scritchfield takes his place as 96th president and Carol Kheng joins as secretary.

September 9, 2021
Inflation is hitting Black Americans hard
Inflation woes are making it more difficult for Black Americans to prepare for retirement.

More Americans Looking To Retire Early, Fed Survey Finds

According to a new survey from the New York Federal Reserve, 50.1% of respondents expect to keep working past the age of 62. That’s an almost 2% decline from the year before.

AIG CEO Peter Zaffino To Add Chairman Title

September 8, 2021

American International Group today announced that Peter Zaffino, president and CEO, will assume the additional role of chairman of the Board of Directors, effective Jan. 1, 2022.

September 8, 2021
Gen Xers are about to come into a whole lot of money, a new study confirms.

As Pandemic Saving Settles, Inflation Could Sap Surplus

In April 2020, as Americans were receiving their first relief checks and many businesses shuttered their doors to the public, the saving rate hit an all-time high of 33.7%. It peaked again in March 2021, as the latest round of relief payments were received. As of June, it was 9.4%.

Wisconsin Insurance Commissioner Reports August Enforcement Actions

September 8, 2021

The Wisconsin Office of the Commissioner of Insurance released August’s administrative actions on Tuesday.

LIMRA, Society Of Actuaries To Partner On Experience Study Data Collection

September 8, 2021

LIMRA and the Society of Actuaries (SOA) Research Institute announced today a new three-year partnership to collect and process data to be used in industry-wide experience studies.

Zurich North America Names Head of Distribution For U.S. Middle Market

September 8, 2021

Zurich North America has named Carl Sutter Head of Distribution for U.S. Middle Market.

September 7, 2021
Former NFL ran a health insurance fraud scheme, authorities say.

Former NFL Players Plead Guilty To Nationwide Health Care Fraud Scheme

Three former National Football League players have pleaded guilty for their roles in a nationwide scheme to defraud a health care benefit program for retired NFL players.

September 7, 2021
Annuity sales could get stronger with growth potential among young, affluent investors.

Will AI Take Over In The Post-Pandemic Life Insurance Boom?

According to the insurance industry research and analytics group LIMRA, life insurance policies were sold during the first quarter of the year at a pace unmatched in decades.

September 7, 2021
Young people can be helped make better financial choices if they get the right financial education early on, studies show.

The ABCs Of Building A Rewarding Client Base

Crafting your client base can be a daunting task, but simplifying it to a system that’s easy to digest will streamline your search process. The “ABC” system that I use is interlinked, as each component depends on, and thrives off one another.

September 3, 2021

An Alternative To A Life Settlement

Life insurance agents now can offer their existing clients a product that allows policy owners to keep their policies while eliminating their out-of-pocket premium payments.

The ABCs Of Building A Rewarding Client Base

September 3, 2021

Crafting your client base can be a daunting task, but simplifying it to a system that’s easy to digest will streamline your search process. The “ABC” system that I use is interlinked, as each component depends on, and thrives off one another.

September 2, 2021
Many clients are struggling to find certainty amid great uncertainty.

Column: Stop Sabotaging Your Prospecting!

There is no getting around it; to succeed, you must prospect consistently and comfortably.  When you are ready to make your appointment setting calls, does your heart rate speed up, does your mouth goes dry, and do you think, “I hate prospecting”?

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