Athene remains king of annuity sales, but others catching up, LIMRA finds
Athene Life & Annuity remained king of the annuity sales mountain during the first half of 2024, but their pursuers are more numerous and closing the gap.
Appeals court upholds $524 million judgment against Greg Lindberg
Troubled financier Greg Lindberg’s bad year got worse Monday when a federal appeals court upheld a $524 million judgment against him.
‘Silent AI’: Consulting firm alerts insurers about risks
“Silent AI” refers to potential risks in traditional property and liability insurance policies that are associated with the use of artificial intelligence but are neither explicitly included nor excluded.
Cigna says 4th lawsuit still shows no evidence of improper claim denials
Plaintiffs have had four chances to make a case that Cigna improperly rejected medical claims, the health insurer said in a new court filing.
Does working with an advisor really provide benefits to the consumer?
Does having a financial advisor truly make a difference? A recent Northwestern Mutual study has some answers.
Time ‘to adjust’ on interest rates, Powell says, hinting at cuts to come
Federal Reserve Chair Jerome Powell confirmed what the financial markets and monetary policy watchers were expecting in a speech Friday: interest rate cuts are coming.
Lawsuit revived for man who lost $16M in life policies on a missed payment
A federal appeals court gave a partial win to a Connecticut man claiming that AXA Equitable allowed his life insurance policies to lapse without any payment reminder.
5 communication best practices for enhancing client retention
When it comes to retaining clients, client communication can prove an asset. What are best practices for client communication?
Next president might control fate of DOL fiduciary rule, analysts say
While likely not a top issue for them, either Donald Trump or Kamala Harris will likely end up deciding the fate of the DOL effort to extend fiduciary duty.
Will life insurance be the next product to go ‘green’?
With so much consumer interest in healthy living and sustainability, will the life insurance industry begin to offer “green” life insurance?
How to recognize – and get over – a sales slump
Sales slumps are inevitable, no matter your experience level. We talk to some experts who can help you break through.
Execs, regulators debate merits of illustration rules, areas that need work
State regulators hosted a panel looking into life insurance and annuity illustrations for flaws that can be corrected.
Achieving life insurance success with middle-income Americans
Recent study reveals middle-income Americans represent the largest market opportunity for the financial-services industry.
Are affluent Americans prepared to pass on their wealth?
While nearly all affluent Americans expect to pass down wealth to heirs, only half said they have a plan in place to do so.
Gen Z: What the insurance industry needs to know
Insurers who want to reach this age group must up their social media game while delivering an experience that meets the needs of these young adults.
Regulators take heat from all corners on new LTC rate review proposal
Long-term care insurance rate hike requests represent a longstanding headache for state insurance regulators who desire consistency.
Annuity integration initiative could help advisors build ‘superior client engagement’
Advisors could soon benefit from simpler integration of annuities if IRI is successful in developing a digital, standardized infrastructure.
Regulators debate need for proxy discrimination protections in insurance
Regulators hosted a lengthy debate on proxy discrimination’s meaning and cultural significance. Proxy discrimination occurs when a facially neutral trait is used as a stand-in for a prohibited trait.
Extreme weather could crack a retirement nest egg
Many Americans appear to have another financial risk to worry about: The negative effect that extreme weather could have on their financial future.
