MetLife vindicated in class-action lawsuit over LTC rate hikes
A federal appeals court declined to reinstate a class-action lawsuit Friday over long-term care insurance rate hikes by MetLife.
Moody’s: Commercial properties worth $425.9B in Hurricane Helene’s path
Approximately 161,849 commercial properties with a total estimated value of $425.9 billion are in the direct path of Hurricane Helene, according to Moodys.
Regulators issue draft guidance to test compliance with annuity rules
A state regulator group is circulating draft guidance on compliance expectations for its best interest standard for annuity sales.
Navigating the Hurdles: A guide to selling LTC insurance
There are many challenges in selling long-term-care insurance. So, what does it take to rev up sales of this much-needed product?
‘The court is troubled’: Judge tells Security Benefit, plaintiffs to work faster
It’s been nearly five years since plaintiffs sued Security Benefit Life Insurance Co. over the performance of a proprietary index and companion fixed indexed annuity.
Insurers, trade groups seek influence via donations in divisive election
The insurance industry donated more than $60 million during the current 2023-24 election cycle, according to Open Secrets, a nonprofit organization tracking campaign finance and lobbying.
Judge grants government $1.5M forfeiture from Greg Lindberg
A federal judge granted the government forfeiture of nearly $1.5 million in funds previously seized from disgraced financier Greg Lindberg after his bribery conviction.
Are all millionaires confident in their financial plans?
While nearly half of millionaires surveyed believe their financial plans need improvement, those with financial advisor feel more confident.
DOL appeals Texas court decision freezing its new fiduciary rule
Department of Justice attorneys filed an appeal Friday in Texas federal court, seeking to overturn a stay of its Retirement Security Rule.
777 Partners lawsuit: former IT employee stole laptops for lender
777 Partners, the high-profile investment firm at the center of a swirling controversy over missing funds, hit back with its own lawsuit last week.
Greg Lindberg appeals judgment awarding $166M to Dutch insurer
Troubled financier Greg Lindberg is appealing a $166 million award to a Dutch insurer in a dispute over solvency capital ratios.
Women and money: Learning the right language
Working with women is one of the biggest opportunities financial professionals have today. But they must understand how women view money and know the right language to be a trusted advisor to them.
Are consumers receptive to an in-plan, retirement-income solution?
New research reveals how consumer feel about retirement income solutions offered within an employer-sponsored retirement plan.
Insurance experts see good news after Fed cuts rates by a half-point
The Federal Reserve stunned economists today by slashing its benchmark interest rate by a whopping half-point.
Gen Z feels ‘overwhelmed’ and ‘anxious’ about insurance
Generation Z is the newest generation to reach adulthood and the thought of dealing with insurance makes them overwhelmed and anxious.
How much do Americans really know about Social Security?
More than half of Americans surveyed said that they do not know much about Social Security or how it will fit into their retirement plan.
AI potential vs. risks: What P/C insurers are doing
Artificial intelligence is poised to transform the insurance landscape, but the path forward remains uncertain.
Illinois biometric law amendment brings relief to carriers
A recent amendment to the Biometric Information Privacy Act in Illinois could help insurance carriers avoid heavy damages.
Senators debate Trump tax cuts: growth fuel or just a payoff to the rich?
The Senate Finance Committee hearing Thursday drilled down on the coming battle over whether to renew the tax cuts passed in 2017.
