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August 11, 2021
Lawmakers are debating a $3.5 trillion budget proposal.

$3.5T Budget Deal May Take Pressure Off Long-Term Care Insurance

While insurance companies try limiting their losses, legislators try different proposals to support services outside overburdened and expensive institutional settings.

August 11, 2021

The Regulation of Annuities

Bruce Ashton, partner, Employee Benefits and Executive Compensation Practice Group at Faerge Drinker Biddle & Reath, will discuss the latest news on the state and federal regulation of annuities.

Climate Change Means Premiums No Longer Cover Claims Paid Out

August 11, 2021

The regularity of severe weather and fire events across the US last year led to the US natural hazard & fire…

August 11, 2021
Image shows a computer graph projections.
Fitch Ratings showed some optimism in its 2024 credit outlook for personal auto and life insurance.

LIMRA Sees A More Robust 2021 Life Insurance Sales Forecast

The government response to COVID-19, coupled with stronger economic conditions and unprecedented consumer interest in life insurance, have led LIMRA to improve its 2021 sales forecast.

August 11, 2021
More than just insurance is needed to fight off cyber criminals, one expert says.
Cyberattacks can cost customers dearly.

76% Of Workers Worry About Retirement Money

Retirement plan participants are worried about running out of money, losing income or not being able to afford medical expenses, according to an American Century survey.

Former Trinity Healthshare Ministry Files For Bankruptcy

August 10, 2021

Sharity Ministries, Inc., formerly Trinity Healthshare, Inc. has filed for bankruptcy and has ceased operating, Connecticut Insurance Commissioner Andrew N. Mais announced today.

August 10, 2021

July Life Insurance Activity Drops After 2020 Spike, MIB Says

This decrease is largely attributable to a spike in activity that occurred in July 2020 as the industry rebounded from the impact of the COVID-19 pandemic.

August 10, 2021
Former NFL ran a health insurance fraud scheme, authorities say.

California Charges 2 With 36 Counts Of Felony Insurance Fraud

California regulators have charged two people with 36 felony counts of insurance fraud and grand theft for collecting long-term health care benefits allegedly as a result of fraudulent claims.

Pandemic Forces Women To Step Back From Their Finances, Allianz Life Says

August 10, 2021

MINNEAPOLIS – Aug. 10, 2021 – After the disproportionate economic and career impacts that the COVID-19 pandemic dealt women, an…

Northwestern Mutual Announces $100M Fund For Inequality, Racial Wealth Gap

August 10, 2021

Northwestern Mutual announced today a new $100-million impact investing fund to deliver on the company’s commitment to addressing inequality and the racial wealth gap in the U.S.

Louisiana Reports $20B In Insurance Claims For 2020 Hurricane Season

August 10, 2021

The amount of money that insurers expect to pay for the 2020 hurricanes continues to grow, albeit more slowly, as Louisiana gets further away from last year’s historic storm season.

NLPC Blasts Board Diversity Rule

August 9, 2021

Washington, DC | The National Legal and Policy Center (NLPC) blasted the Securities and Exchange Commission (SEC)’s for its recent approval on Friday, August…

August 9, 2021
Americans used more stimulus money to pay down debt as time went on.

Spenders Into Savers: The Great American Shift

The data shows Americans saved more of their money during the pandemic, largely because they could not spend it. But studies are showing that Americans might be changing their identity from consumers to savers.

Idaho Posts Preliminary Health Insurance Premium Rates

August 9, 2021

The Idaho Department of Insurance (DOI) received preliminary health insurance premium rates from health insurance carriers for plans sold starting January 2022.

August 9, 2021
Jonathan Adam Schlue of Davenport, Iowa and Whitney Michelle Roth of Clinton, Iowa.

Iowa Insurance Producers Plead Guilty To Health Insurance Fraud

Insurance producers Jonathan Adam Schlue of Davenport, Iowa and Whitney Michelle Roth of Clinton, Iowa, were recently sentenced in Scott County District Court after pleading guilty to their parts in a healthcare insurance fraud scheme.

Delaware The 45th State To Join The Insurance Compact

August 9, 2021

Gov. John C. Carney signed legislation last week making Delaware the 45th state, plus Puerto Rico and Washington D.C., to join the Interstate Insurance Product Regulation Compact.

August 9, 2021
Brookfield has a deal to acquire American National.

Brookfield Acquires American National Group In $5.1B Deal

Brookfield Asset Management Reinsurance Partners is acquiring American National Group in a $5.1 billion deal announced this morning.

August 6, 2021

Annuities Help Boost AIG To 2Q Surprise

New AIG CEO Peter Zaffino fleshes out details of the company’s spin-off of its life and retirement business, which it plans to sell in an initial public offering in the first quarter of 2022, with Blackstone being a minority owner.

August 6, 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.

Idaho Suspends Radio Host’s Producer License For String Of Violations

The insurance producer license of Daniel Van Patten, the host of Safe Money Radio Show and president of Assure Financial Service, was revoked effective July 27, 2021 by the Idaho Department of Insurance.

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