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March 19, 2021

Chubb Offers To Buy Hartford For $23 Billion

If Chubb absorbs Hartford in the $23 billion deal, it will mark the final stage for a company known to many over the decades as The Hartford, a favorite across the life insurance and property/casualty markets.

How To Manage Post-COVID-19 Office Changes

March 19, 2021

By adopting best practices now and having an open mind to the future, advisors can ensure that their post-COVID work policies contribute to a productive, fair and growth-oriented office culture.

March 18, 2021

Allianz Plans New Products, Deeper Push Into Advisor Space, Says New CEO Jirele

Jasmine Jirele was named president and CEO of Allianz Life Insurance Company of North America this week. She spoke with InsuranceNewsNet about the company’s plans in the annuity space, where Allianz is a market leader is registered index-linked and fixed index annuity sales.

Rescue Plan Could Have Lasting Impact On Health Care

March 18, 2021

In addition to providing funding to carry out the Biden administration’s COVID-19 response plans, the American Rescue Plan contains what Manatt Health called “the most significant changes to health care coverage and access policies since the passage of the Affordable Care Act.”

Life Insurance Premium Down, Policy Sales Up In Mixed 2020 Data

March 18, 2021

In the fourth quarter, total life insurance new premium dropped 8%, compared with the record-breaking sales results in fourth quarter 2019. Total policy sales were up 2% in the fourth quarter, according to LIMRA’s U.S. Individual Retail Life Insurance Sales Survey.

March 17, 2021

$1.9T Stimulus Bill Includes Good News For Financial Services, Too

President Joe Biden signed the sweeping $1.9 trillion coronavirus relief package last week, and $1,400 checks are already arriving in individual bank accounts. When the checks are getting the most attention, several items in the bill will help small-employer agencies and advisor businesses, trade association executives say.

Industry Veteran Charlie Gipple Launches The Retirement Academy

March 17, 2021

Des Moines, IA:  Charlie Gipple, owner of CG Financial Group and long-time industry expert on annuities, life insurance, long-term care,…

Replace Fear With Imagination In Implementing DEI, Panelist Says

March 17, 2021

Despite Corporate America’s interest in diversity, equity and inclusion, the workforces, board rooms and C-suites of many financial services companies are not representative of the communities they serve. Members of a conference panel gave their thoughts on how to turn that situation around.

COVID-19 ‘Mucked Up’ Insurance Marketplace, Analyst Says

March 16, 2021

Many in the insurance industry are holding their collective breath as things get back to normal. A major worry is that deferred care will come crashing through the system by this summer, representing a flood of claims once people are willing to see a doctor again.

March 16, 2021

The ‘Napkin Concept’ Showing LTCi’s Impact On Tax Planning

Think about clients who have money in IRAs, annuities or other brokerage accounts that they are using for emergency funds. Instead of leaving the money in a taxable account, consider repositioning those tax-inefficient dollars into a tax-free solution that offers additional leverage.

Oregon Broker, Raymond James, Fined For ‘Churning’ Claims

March 16, 2021

The Oregon Division of Financial Regulation issued $220,000 in civil penalties, and Raymond James Financial Services, Inc. agreed to pay $123,279 in restitution to the victims of the excessive trading practices of Gary Dodds.

California Presses Auto Insurers To Give Rebates; What About Other States?

March 15, 2021

The insurance industry overcharged California drivers by hundreds of millions of dollars in past year amid less driving and accidents, Insurance Commissioner Ricardo Lara said. Lara ordered a refund plan by April 30.

Investment Advice Rule Could Still End Up Back In Court

March 12, 2021

There could be plenty more changes in store before the investment advice rule is finally in place, said Brad Campbell, a partner at Faegre Drinker Biddle & Reath, during a Thursday webinar sponsored by the National Association for Fixed Annuities.

Improve Employer-Sponsored Health Insurance To Preserve It, AHIP Members Told

March 11, 2021

The employer sponsored insurance system “has been popular and resilient” and is here to stay, a policy think tank expert told attendees at America’s Health Insurance Plans’ virtual National Health Policy Conference on Thursday. But he added that it needs to be improved to ensure preservation.

IRA Account Balances On The Rise

March 11, 2021

Washington, D.C. – March 11, 2021 – A new study conducted by the Employee Benefit Research Institute examining individual account…

Public Option, Medicare Buy-In ‘Don’t Have A Chance,’ AHIP Members Told

March 10, 2021

With Democrats holding a razor thin majority in Congress, and with some Democrats having misgivings on expanding the government’s role in health care, there is not enough support in Congress for a public option or Medicare buy-in, a consultant said during America’s Health Insurance Plans’ virtual National Health Policy Conference.

March 10, 2021
FILE PHOTO: Then-Commodity Futures Trading Commission Chair Gary Gensler testifies at a Senate Banking, Housing and Urban Affairs Committee hearing on Capitol Hill July 30, 2013. REUTERS/Jose Luis Magana/File Photo

SEC Nominee Gary Gensler Wins Key Senate Committee Vote

Gensler was chair of the Commodity Futures Trading Commission (CFTC) from 2009 to 2014, and since November has led Biden’s transition planning for financial industry oversight. At the CFTC, Gensler implemented dramatic new swaps trading rules mandated by Congress.

March 10, 2021

Women in Insurance and Finance

In this rapidly diversifying country, the insurance and financial services industries are trying to catch up and diversify in advisors and clientele. Women are growing in percentage of agents and advisors, but progress has been slow. In this webinar, we will discuss the challenges women face in doing business in what has been a male-dominated business.

AHIP Launches Initiative To Vaccinate 2M At-Risk Seniors

March 10, 2021

America’s Health Insurance Plans, along with the Blue Cross Blue Shield Association, launched the Vaccine Community Connectors initiative.

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