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July 26, 2021

Colorado Law Bars Insurance Discrimination By Data

The new law requires insurance companies to monitor and correct biases against protected classes in their use of third-party data and analytics, but does not ban using data such as credit history in setting individual rates.

P/C Insurers’ Net Income Grows In 1Q

July 26, 2021

JERSEY CITY, N.J., July 26, 2021  — Private property/casualty insurers in the United States saw their net income after taxes…

July 26, 2021

Willis Towers, Aon, Call Off Blockbuster Merger After DOJ Lawsuit

Aon and Willis Towers Watson are abandoning their $30 billion merger plan, terminating an agreement that could have made the combined company the world’s largest insurance broker.

July 23, 2021

Build A Client Portfolio That Suits Your Strengths

By identifying your ideal client, thinking outside the box, and playing to your strengths, you’ll be working smarter, not harder, to build your business. The result: a client pool tailored to your preferences and strengths, allowing you to boost your portfolio long-term.

Change Your Website Without Frustrating Your Clients

July 23, 2021

Website updates and redesigns are an inevitable part of doing digital business. Here are some tips on how to update your sign without alienating your clients.

July 22, 2021
The pro-union bill being debated in Congress does not fit the financial services industry, officials say.

Sen. Braun: Biden Could Bypass Congress On PRO Act Details

The Senate Committee on Health, Education, Labor and Pensions held a hearing today on the PRO Act, which is opposed by the financial services industry.

July 22, 2021

Start Me Up: Annuity Group To Sponsor Rolling Stones’ Tour

The annuity focused Alliance for Lifetime Income has again signed on as the sole sponsor of The Rolling Stones’ 2021 “No Filter” U.S. stadium tour.

Allianz Launches Annuity Product For DC Market

July 22, 2021

Allianz Life Insurance Company of North America (Allianz Life) announced today that it is entering the defined contribution market with the launch of its Allianz Lifetime Income+ Annuity.

July 21, 2021

Prudential Sells Retirement Business To Empower In $3.55B Deal

Empower, a Great-West Life company, plans to consolidate the two companies’ retirement business on a platform the Empower built with the help of last year’s $1 billion acquisition of Personal Capital.

California Woman Charged With Felony Identity Theft In Insurance Scam

July 21, 2021

Christina Mejia, 31, was arraigned today on nine felony counts of insurance fraud and identity theft after she allegedly stole multiple victims’ identities to purchase an insurance policy and filed a fraudulent claim involving a 2020 Cadillac.

If the Democratic Tax Bill Passes, Will It Be Retroactive To January 1, 2021?

July 21, 2021

When Joe Biden won the 2020 presidential election there was a belief among a wide swath of tax pundits that…

July 21, 2021

Lincoln The Latest Carrier To Pull Life Products From New York

Although the state’s Supreme Court overturned Regulation 187, many major carriers have already pulled out of the state, which is appealing the court’s ruling.

July 20, 2021

US Attorney: NY Man’s Scams Included The Theft Of 420K In Life Insurance

A New York man was sentenced Monday to 46 months in federal prison for participating in business email compromise scams.

‘Annuity King’ Partner Takes Plea Deal; Florida Fraud Trial Expected In Fall

July 20, 2021

According to court documents, Kenneth Murry Rossman pleaded guilty to one count of  conspiracy to commit mail fraud and wire fraud, and one count of “aiding and assisting the preparation and filing of fraud and false tax returns.”

Final Expense, Pre-Need Life Insurance Show Mixed Sales Results In 2020

July 20, 2021

ATLANTA, July 20, 2021—Total final expense life insurance premium was $480 million among the 19 companies providing sales for both…

NAIC Committee Passes Annuity Sales FAQs

July 19, 2021

A key state insurance regulator group adopted a list of FAQs today in an effort to persuade more states to adopt new annuity sales rules.

July 19, 2021

Your Clients Are Likely Underestimating Their Lifespan By 5 Years

A Capital Group blog post cites Society of Actuaries data to show that Americans are routinely underestimating their lifespan, and may be overestimating their resources.

July 16, 2021

Fact Or Fiction: Dispelling Employer Myths About Institutional Income Annuities

Here are three misunderstandings that can often develop surrounding income annuities, as well as insights that can help employers leverage these benefits to promote long-term financial wellness in a post-pandemic world.

Elderly Took A Pandemic Financial Hit, But Remain Resilient

July 16, 2021

WASHINGTON – July 15, 2021 – The Employee Benefit Research Institute has released a new study examining the impact of…

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