Regulators push for draft reinsurance guideline by summer meeting
A state insurance panel plans to preview a draft actuarial guideline aimed at tightening oversight of offshore reinsurance assets at its August summer meeting in Chicago.
Second stay granted to defendants suing the DOL over its fiduciary rule
A second federal judge granted a stay of the effective date Friday halting the Department of Labor’s Retirement Security Rule until the full case can be heard.
DOL unrepentant after fiduciary rule plaintiffs prevail on injunction
One day after a Texas judge granted a preliminary injunction freezing its current fiduciary rule, a DOL spokesperson said regulators continue to believe in the strategy.
1 in 7 Floridians lacks homeowners insurance despite major climate risks
About 1 in every 7 Floridian homeowners is choosing to go without property insurance, despite the risk of catastrophic weather events.
Texas court stays DOL fiduciary rule
Saying the plaintiffs were likely to succeed on the merits of their claim, a Texas court has stayed the DOL’s 2024 fiduciary rule.
Bill filed to reinstate recently overturned Chevron doctrine
Saying the courts and corporations have hijacked the government, a group of senators have filed a bill to reinstate the Chevron Doctrine.
Regulators discuss the benefits of updated IRMA language for receivership
An insurance panel reminded state regulators that updated rules are available to help consumers get more funds from a receivership case.
Annuity sales set another record in first half of 2024
Total annuity sales hit a whopping $215.2 billion in the first half of 2024, a 19% jump from prior year results, according to preliminary results from LIMRA’s U.S. Individual Annuity Sales Survey.
Texas judge weighs ‘party restrictive’ injunction to halt DOL fiduciary rule
A Texas judge could decide this week on a preliminary injunction request to freeze the Department of Labor’s latest fiduciary rule.
Brighter outlook seen for insurance industry Q2 earnings
As insurers prepare to release Q2 financial earnings, some, if not many, of the negative factors they’ve faced recently have diminished.
Regulators hear industry ire over proposals to toughen reinsurance deals
Life insurers are unhappy with proposed tougher reinsurance oversight and let regulators know Monday during a working group call.
Despite expectations, insurance industry M&As continue to decline
An expected pickup in insurance industry mergers and acquisitions has not yet materialized with a decrease in the first half of this year.
Insurers’ lawsuit over AM Best ratings delayed again amid settlement talks
A New Jersey judge granted another extension Friday to give AM Best and two life insurers more time to finalize an agreement to end a lawsuit over negative ratings.
Health insurers likely to feel impact of SCOTUS Chevron ruling
Health insurers and the broader health care industry brace for impact from the recent landmark SCOTUS Chevron deference doctrine ruling.
Fifth Circuit overturns DOL’s ESG rule, cites recent SCOTUS ruling
The Court of Appeals for the Fifth Circuit tossed out the Biden administration’s ESG rule in a decision posted this morning.
5 ways to get meaningful feedback from clients
Client feedback helps identify what you are doing well and what needs improvement. But how best to collect this valuable information?
With cyber attacks on the rise, what can businesses do about it?
Increasingly frequent and costly cyber attacks could have major implications for insurance providers and their clients.
Prosecutors urge judge to reject Greg Lindberg petition for a new trial
Federal prosecutors say the second prosecution of Greg Lindberg on bribery charges was free of errors and the court should reject the defendant’s request for a new trial.
How early cancer screening benefits life insurers and policyholders
A health care company is teaming up with life insurers to help solve what it calls “a $201 billion problem in America” – late-stage cancer treatment.
