AI-created images in insurance fraud and the impacts on clients, advisors
As AI use grows, insurance companies are increasingly questioning whether photos submitted during the claims process are real.
Judge allows UnitedHealth 401(k) forfeiture lawsuit to proceed
A federal judge has allowed portions of a class-action lawsuit against UnitedHealth Group over its use of 401(k) forfeiture funds to proceed.
What advisors need to know about the life settlement boom
As the cost of living puts greater pressure on household budgets, the market for life settlements continues to grow as well.
Avoid the ‘summertime slump:’ Strategies to remain productive
Two financial professionals shared some of the strategies that you can use to make sure that your summer months are productive as you try to move your practice to a higher level of success.
CareFirst accuses Maryland insurance brokers of overseeing $50M fraud
A Maryland insurance broker and his associates are accused of orchestrating a years-long international health fraud scheme.
What advisors and clients must know about Roth conversions
Roth conversions are among the most popular retirement planning strategies, but the rules surrounding them are increasingly complex.
Worker retirement confidence dips to lowest level in a decade
Worker confidence in their retirement readiness reached its lowest level since 2017, and healthcare concerns, along with a decrease in savings, are driving that decline in confidence.
Insurance sector braces for impact after State Farm comp changes
State Farm’s sweeping overhaul of agent compensation could be the beginning of a broader transformation of the property & casualty industry.
What’s behind private equity investment in insurance brokerages
U.S. insurance brokerage deal volume has increased dramatically over the past 10 years, and that increase is primarily driven by private equity investment.
Advisors get a win as NJ Senate passes independent contractor bill
The New Jersey Senate is considering legislation to clarify the choice of independent contractor status for certain professionals, including financial advisors.
Industry experts warn NAIC: Fix flawed IUL illustrations now
Current IUL illustrations are likely to leave consumers with unrealistic expectations about policy performance and retirement income potential, experts say.
Why federal retirement benefits are more complex than advisors realize
Federal retirement benefits can be far more complex than those in the private sector, advisors say.
Advocates: Life insurers potentially missing millions of deaths annually
Consumer advocates are urging life insurance regulators to strengthen death-claim searches, warning that the Death Master File isn’t what it used to be.
Why timing the market is still a retirement mistake and what to do instead
Financial experts agree that clients should forget trying to time the market and instead focus on solid planning and risk tolerance.
Greg Lindberg slams ‘vindictiveness’ in fight for prison computer access
Lindberg, sentenced to 12 years in prison last month, said investigators are suddenly playing hardball with elements of his plea agreement.
Forget taxes: Insurance scarcity redefines wealth migration paths
Insurance availability has become the determining factor of not only where people live, but also where they store their assets.
Appeals court rejects investor payouts in latest decision against STOLI
A federal appeals court upheld a lower court ruling last week that voided two life insurance policies with a combined face value of $8 million.
Agent groups speak out against congresswoman’s call to limit MA compensation
The Medicare agent community is speaking out against a bill by Rep. Alexandria Ocasio-Cortez, D-N.Y., that would limit broker compensation for Medicare Advantage Plans.
Oklahoma’s insurance reform: What it means for advisors nationwide
New Oklahoma legislation requires insurers to file proposed rate changes and supporting information before rates take effect.
