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NAIC Expected To Defer Mortality Data Collection To 2021
John Hilton
April 17, 2020
The National Association of Insurance Commissioners is expected to delay collection of key insurer mortality data until 2021.
Mutual Of Omaha In A Good Place To Weather COVID-19: CEO
Press Release
April 16, 2020
Mutual of Omaha CEO James Blackledge says the company is very strong and will survive the pandemic.
Let’s Talk Risk: Insurers In A Good Place … For Now
John Hilton
April 16, 2020
A new assessment of insurers’ financial strength ratings by DBRS Morningstar finds that capitalization will be the first area of impact if the recession continues. Insurers are going to lose the flexibility that comes with a strong capital cushion, the report concluded.
COVID-19 Blamed For 2.2% Decline In March Life Insurance Activity
Press Release
April 13, 2020
The COVID-19 pandemic is being blamed for a -2.2% year-over-year decline in U.S. life insurance application activity for March, according to the MIB Life Index. The poor month interrupted a strong two-month growth trend.
Life Insurers: COVID-19 Changing How Consumers Apply
Press Release
April 13, 2020
Consumers are turning to online life insurance applications as a result of the ongoing COVID-19 pandemic, a new LIMRA survey found. A third of companies reported a decline in face-to-face applications while a quarter reported an increase in online applications in March.
What COVID-19 Could Mean For The Insurance Sector
user
April 10, 2020
COVID-19 is impacting the insurance industry in multiple ways—from employee and business continuity issues to client service considerations to the financial outlook. Here are some key issues insurers face and potential action steps they could take.
Prudential Suspends 30-Year Term Life Insurance Until June
John Hilton
April 6, 2020
Prudential Financial Inc. will temporarily suspend taking applications for 30-year term life insurance policies, effective April 13, a spokeswoman confirmed today. The insurer cited “unprecedented market volatility over the past month and the anticipated low interest rate environment.”
Billionaire Insurer Greg Lindberg Seeks New Trial In Bribery Case
John Hilton
April 3, 2020
Billionaire insurance magnate Greg Lindberg’s lawyers filed a motion Thursday for acquittal and for a new trial in the Western District of North Carolina. His attorneys submitted a 69-page document, claiming court errors, the government failed to meet the standard of “beyond reasonable doubt,” and that Lindberg was entrapped.
Virtual Selling Isn’t The Same As Phone Selling
user
April 3, 2020
Virtual selling may take you out of your comfort zone, but it’s an effective way to reach clients and prospects in the time of stay-at-home orders and social distancing.
Industry Groups Urge States To Temporarily Ease Licensing Requirements
Press Release
April 1, 2020
Leaders of four insurance industry organizations have sent letters to every state insurance licensing authority requesting temporary licensing accommodations for producers who
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