The Artificial Intelligence Working Group voted unanimously to adopt principles governing artificial intelligence last month, including the phrase “AI users should proactively avoid proxy discrimination against protected classes.” A task force is deciding whether or not to keep that language going forward.
2Q Earnings To Reveal Accuracy Of Life Insurers’ COVID-19 Estimates
Globe Life estimates $45 million of COVID-related life claims for 2020, nearly double its first-quarter projection. Globe Life is one of the first life insurance companies to report second-quarter earnings. The quarter offers the first glimpse at how well insurers are countering the financial impacts of the worldwide pandemic.
Prior to COVID-19, the insurance sector was already facing a series of big changes, including the fact that a large population of its workforce is nearing retirement age.
Build The Conversation On Race With The 5 Pillars Of Emotional Intelligence
Emotional intelligence is where “80% of you success lives,” according to Jamar Cobb-Dennard, a business broker at Indiana Business Advisors, who spoke about racial bias in the workplace in a webinar for the National African-American Insurance Association.
The National Association of Insurance Commissioners announced a special committee on race in a news release today. The new committee comes as insurance regulators on several committees and task forces continue to discuss whether “proxy discrimination” needs further attention.
Several life insurers are reversing COVID-19 restrictions on underwriting, even as the pandemic continues to infect record numbers of Americans. Most insurers placed temporary age caps on underwriting in April as COVID-19 spread across the U.S. But policy sales suffered during the ensuing months.
Mentorship is the key in recruiting the next generation of Black advisors, and in helping them build their careers and eventually take over existing practices when the older generation of advisors is ready to retire.
Despite falling unemployment and a strong economy in 2017-18 the number of uninsured rose during the same time period, according…
The New York State Department of Financial Services today filed charges against First American Title Insurance Co., claiming the company exposed millions of documents containing personal information of clients.
Senate Panel Approves Trump’s Controversial Fed Nominee
The Senate Banking Committee on Tuesday approved President Donald Trump’s choice of Judy Shelton for the Federal Reserve board of governors on a party-line vote, overcoming widespread questions about her qualifications for the Fed.
Financial planning is moving from advisors being the beholders of the right answers, towards planners being the guides of helping people make confident, informed choices throughout the uncertainties of life.
Critics Rip DOL Over Short Comment Period For Advice Rule
Critics claim the DOL is departing from precedent in a bid to push the reworked former fiduciary rule through quickly. Legislators and consumer advocates seek both a longer comment period and a public hearing.
Social media has grown into a crucial platform that allows financial professionals to deliver insurance product information, provide timely product updates and, more importantly, notify clients that you are open for business.
You have an opportunity to extend your brand. This means you will need to introduce your product or service as well as identify your target market. Here are some crucial marketing tips to help build your brand and grow potential sales opportunities.
NEW YORK, July 21, 2020 — American International Group, Inc. (NYSE: AIG) today announced that it will relocate its global…
If you have clients who are concerned about what market volatility might mean for their loved ones, life insurance can provide peace of mind that generational wealth won’t get lost in the storms.
Nonprofit Clients Face Unique Risk Exposures
Many nonprofit organization leaders are under the impression that they can’t afford the range of insurance coverages needed to adequately provide protection against their unique risk exposures. In reality, the absence of these protections may place the organization in jeopardy and be far more costly in the long run.
Eating, Drinking, Ouching: Working From Home
Although most people working remotely hope to continue doing so after the pandemic, many of them are already starting to feel some of the ill effects from working from home, according to a Chubb survey.
COVID Forces Business Owners To Ask Tough Health Questions
As businesses have had to adapt their operations due to the COVID-19 pandemic, employee duties also may have changed. Some of business owners’ prior concerns are still there, of course, but possibly heightened or altered. Those concerns might include questions about what would happen if the virus infected an owner.
