DOL fiduciary rule proposal to restrict, ban some producer compensation
Department of Labor regulators are targeting producer compensation with their latest attempt to establish a blanket fiduciary standard.
NAIC regulators fire up dormant accelerated underwriting proposals
State insurance regulators got back to work Wednesday on accelerated underwriting, and set a goal to adopt guidance by August.
Economic challenges spur need for employer-sponsored lifetime income options
Inflation is raising fears among employer-sponsored retirement plan participants that they will run out of money when they retire.
A third of young investors looking to switch advisors, study finds
Almost one in every three millennial investors plans to switch advisors within the next year, according to new research.
Black Americans financially stressed, but optimistic, study finds
Although Black consumers frequently report facing financial stress, many report optimism that their financial health will improve.
$1.6 trillion in U.S. homes uninsured, mostly among Hispanic and African-American families
One in 13 American homes – equivalent to $1.6 trillion in uninsured home value – does not have home insurance coverage, a new report finds.
Supreme Court takes on life insurance as a corporate asset
The Supreme Court to weigh in on whether the proceeds of a life insurance policy taken out by a corporation on a shareholder is a corporate asset.
P&C insurers using consumer laws to sue service providers, says AEPI
The Automotive Education and Policy Institute cites trend of P&C insurance providers using consumer protection laws to sue service providers.
Change Healthcare, medical providers still reeling from cyberattack
Change Healthcare is still recovering from the massive cyberattack that jeopardized treatment and payments for millions of patients.
Francis Scott Key Bridge collapse likely to result in billions in losses, insurance claims
The tragic collapse of the Francis Scott Key Bridge Tuesday morning will eventually trigger insurance claims that will likely cost billions, AM Best said.
Medicaid unwinding: More than 18M disenrolled from coverage so far
The Medicaid Unwinding is nearly a year old, and more Medicaid recipients than expected have been disenrolled from the public health insurance program, statistics show.
Feds allege that former NJ man funded high-flying life via investor fraud
A former New Jersey man used “a litany of fraud schemes” to steal millions of dollars from investors, the state U.S. Attorney’s Office said.
Many Americans have no plans to discuss wealth transfer with families
More than a third of Americans (35%) do not plan on discussing transfer of wealth with their families, according to recent research.
State Farm, plaintiffs trade barbs in lawsuit over total loss values
State Farm is scheduled to argue for a partial summary judgment Thursday before a federal judge in Illinois as it defends another class-action lawsuit over vehicle loss assessments.
Regulators adopt first climate strategy in bid to boost insurance markets
State insurance regulators adopted their first climate strategy in the hopes of stabilizing chaotic insurance markets.
Insurance industry to be impacted by 3 trends in 2024, says expert
The insurance industry will be impacted by three trends in 2024.
What do consumers want from financial services firms?
A new report is shedding light on consumer wants, including the need for clear and understandable fees and unbiased service.
Colorado gears up to add AI regulations for health insurance
Colorado has opened a public commentary period for its proposal to introduce regulation to govern the use of AI in health insurance.
Regulators consider guideline to best-interest rule to address ‘deficiencies’
State insurance regulators plan to issue guidance on its best-interest annuity sales model after reviews turned up “deficiencies” in producer monitoring.
