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For the average benefit recipient, currently receiving $1,543, that could amount to $94 per month. It’s a few years too late for a serious increase, but certainly better than the 1.3% bump we saw for 2021 and the 1.6% the year before.

Faegre Drinker attorneys say the Department of Labor has been listening to pleas from advisors and brokers to push back the PTE 2020-02 compliance deadline of Dec. 20, but the department is not showing any indication it will postpone.

Artificial intelligence could provide a big boost to the IMO sales process.

Ideally, you want to target your 10 best clients for referrals. Stephen Mathieu shared a few things he has learned about getting referrals during his 35 years in financial services.
A crypto mining investment was nothing more than a twist on a Ponzi scheme, authorities say.

The tech platform NYDIG is extending inroads into insurance with MassMutual and insurance-focused hires.

A new Michigan Department of Insurance and Financial Services agreement ensures unlimited Personal Injury Protection (PIP) medical coverage for uninsured vehicle occupants and pedestrians who were injured in auto accidents prior to the July 2, 2020 implementation of Michigan’s new auto insurance law.
An Ohio man is going to prison for fraud
Jason E. Adkins, 46, solicited victims from all over the country and world, authorities said.

Authorities say Martin Ruiz misappropriated more than $8 million of client funds, transferring those funds through a series of entities Ruiz also controlled, and spent the vast majority of the funds on personal expenses.
The LIBOR rate is going away.

LIBOR is the primary benchmark for short-term and variable interest rates used to determine interest rates on a variety of financial instruments. Those include not only investments held by insurers, but existing annuity contracts as well.