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INN Daily Newsletter Hot Off The Wires

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Consumers See Annuities As Answer To Top Retirement Worry: Survey

October 31, 2018 Top Stories No comments.

A new LIMRA Secure Retirement Institute study of annuity owners finds the top two reasons consumers buy annuities are to supplement Social Security/pension income and to receive guaranteed income payments for life.

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Life Insurers Set Records For Payouts, Coverage, Investments In 2017

October 30, 2018

The American Council of Life Insurers issued the following news release:. These and other industry highlights are included in the American Council of Life Insurers 2018 Life Insurers Fact Book released today. “The new data tells a familiar but important story- life insurers provide invaluable assistance to American families and the U.S. economy,” said ACLI…

Analysis: Most U.S. Jobs Don’t Pay Enough To Sustain Middle-Class Life

October 30, 2018

Third Way said in its report three of four key battleground states President Donald Trump won in 2016– Michigan, Pennsylvania and Florida– struggled to provide enough middle- and upper-class opportunity. Minnesota and Iowa also ranked in the top 20.. Rochester is close to the Mayo Clinic, and Cleveland is near the Cleveland Clinic.

Halloween Continues To Haunt Auto Owners

October 30, 2018

Halloween 2017 continued the year-over-year trend of delivering more tricks than treats for auto owners as a report for the days leading up to and after the holiday revealed an increase in auto claims, according to Mercury Insurance.

US Consumer Confidence Hits 18-Year High

October 30, 2018

U.S. consumer confidence rose again this month, hitting a new 18-year high. The Conference Board says its consumer confidence index climbed to 137.9 in October from 135.3 in September. Both readings are the highest since September 2000. The index measures consumers’ assessment of current economic conditions and their outlook for the next six months.

Silicon Valley Companies Ramp Up Health Care Efforts

October 30, 2018

Apple Inc.’ s new watch is the latest proof: Big Tech is trying to remake health care in its own image. Apple has already pushed the use of its mobile devices for health tracking and medical research, and recently added a feature that can connect to some hospital medical-records systems. Tech giants such as Apple, Amazon.com Inc., Microsoft Corp. and Google have to…

Employers Jump Into Providing Care As Health Costs Rise

October 30, 2018

Fiat Chrysler is offering free health care for most of its employees and their families-about 22,000 people-through a clinic the carmaker opened this summer near one of five factories it operates in the area. The idea: Spend more now to improve care and eventually pare the more than $100 million Fiat Chrysler Automobiles pays annually for health care, just in…

October 30, 2018

Nearly Half Of Consumers Abandoned A Prescription Because Of Cost

–Nearly half of consumers have abandoned a medication prescribed by their physician because it was too expensive, according to a survey released today by DrFirst, the nation’s leading provider of e-prescribing and patient medication management solutions. According to the findings, as little as $10 in savings would motivate 38 percent of respondents to…

Aetna Puts Up Strong 3Q Numbers

October 30, 2018

Aetna, which got a step closer this month to completing its $69 billion merger with CVS Health this month, is reporting better-than-expected profits and revenue. The company on Tuesday reported third-quarter net income of $1 billion, or $3.03 per share. Earnings, adjusted for non-recurring gains, were $2.96 per share, or 12 cents better than Wall Street had expected, according to a survey by Zacks Investment Research.

2 Trump Moves That Could Reshape Health Insurance

October 30, 2018

Health analysts say that at least one of the efforts, coupled with previous changes initiated by the administration, could help transform the insurance market to be much more like it was before the 2010 federal health law took effect – when regulation, coverage and consumer protections varied widely across the United States.

Premiums Cut But Patients’ Options Fewer

October 29, 2018

Insurance shoppers likely will have several choices for individual health coverage this fall. There’ s no guarantee they will cover certain doctors or prescriptions. “People understand that things are kind of screwed up,” said Chicago- area broker Robert Slayton.“ My objective is to give them what reality is, to give them options.

Economy Grew At 3.5% Rate In 3Q

October 26, 2018

The U.S. economy grew at a 3.5 percent annual growth rate in the third quarter, considered strong but lower than the 4.2 percent rate at which it grew in the second quarter, according to a U.S. Bureau of Economic Analysis report.

LPL Financial: 3Q Earnings Snapshot

October 26, 2018

—LPL Financial Holdings Inc. on Thursday reported third-quarter net income of $106.9 million. Three analysts surveyed by Zacks expected $1.3 billion. LPL Financial shares have fallen 5 percent since the beginning of the year.

Hurricane Michael Recovery Split Between East And West

October 23, 2018

For years, the gulf between the tourist destination Panama City Beach and its eastern counterpart Panama City has steadily widened, the Hathaway Bridge the crossing point between two cities growing further apart. Dave Rickell, executive vice president of the chain known for staying open during natural disasters, is at the Panama City Beach location that day…

October 23, 2018

Picturing Life In Retirement Can Motivate Increased Savings

–A large majority of Americans agree they need to save more and invest better to prepare for retirement, but new research reveals an action that may make all the difference: When people envision how they want to live in their retirement years, they are motivated to save more. The research, based on a survey of 1,202 American adults conducted by Capital Group, home of…

October 23, 2018

American Integrity Insurance Offers Boat Owners Insurance

Every season is boating season in the Sunshine State, and American Integrity Insurance, a premier Florida property insurance company, has just launched its new Boat Owners Insurance to provide the state’ s boaters and personal watercraft owners with the comprehensive and affordable protection they need and deserve. “Our new boat insurance is designed to…

Louisiana Law Attempts To Prevent Elder Financial Abuse

October 22, 2018

“When people prey on the elderly, they are preying on our most vulnerable, when they should be enjoying that time in their life,” Attorney General Jeff Landry said during a meeting Thursday in Baton Rouge, which hosted the acting leader of the nation’s consumer watchdog agency, Mick Mulvaney. The Louisiana Legislature this year enhanced its laws regarding…

October 22, 2018

TD Ameritrade Reports Record Fiscal 2018 Earnings

TD Ameritrade Holding Corporation has released results for its 2018 fiscal year. “Fiscal 2018 was a landmark year for TD Ameritrade as our powerful momentum and financial strength grew across all core metrics. We also gathered a record $92 billion in net new client assets in the midst of a major client integration, driven by record asset gathering from our…

October 22, 2018

Women Lag Men In Retirement Savings, Prudential Finds

Women on average have saved 43 percent less for retirement than men, finds new data from Prudential Financial, Inc.. Kent Sluyter, President, Prudential Annuities. “More needs to be done to help women develop a retirement income strategy to not only put them on a parity with men, but to ensure they are financially secure,” said Kent Sluyter, president of Prudential…

Trump Administration Makes It Easier For States To Sidestep ACA Rules

October 22, 2018

Under this new policy, states will be able to pursue waivers to improve their insurance markets, increase coverage options for their residents, and ensure that people with pre-existing conditions are protected.

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