
Record-Breaking Q1 For US Life Insurance Activity
The MIB Life Index reported first-quarter life insurance application activity showed its highest year-over-year, year-to-date and quarter-over-quarter growth since before 2018.
The U.S. life insurance industry recorded its largest year-over-year increase in direct and net death benefits in at least 24 years as excess mortality due to COVID-19 triggered an unusual volume of claims during 2020, S&P Global Market Intelligence reported.
Read moreThe MIB Life Index reported first-quarter life insurance application activity showed its highest year-over-year, year-to-date and quarter-over-quarter growth since before 2018.
The number of uninsured in the United States would fall by 4.2 million if policymakers made a temporary provision in…
MINNEAPOLIS – April 13, 2021 – Although the economy is showing signs of rebounding from challenges brought on by the…
AUSTIN, TX – April 13, 2021 – Pensionmark Financial Group and Lion Street, Inc have entered a partnership focused on…
Even with increased interest, there are 102 million uninsured and underinsured Americans who believe they need to buy life insurance or to increase their coverage. This represents 40% the adult population. The question is why don’t they buy?
WASHINGTON, D.C.—The prospect of significant changes to tax policies across the board in 2021 is a stark reality. In preparation,…
Amit Jain told UPI in an email. Still, on average, people insured with ACA plans paid $1,148 in out-of-pocket costs in 2018, a 12% increase over the $1,028 spent in 2000, according to Jain and his colleagues. “Unfortunately, not all states chose to, resulting in persistent inequities in access, which contribute to increasing out-of-pocket costs,” said Jain, an…
For the season, which begins June 1, meteorologist Phil Klotzbach and other experts from Colorado State University– among the nation's top seasonal hurricane forecasters– predict 17 named tropical storms will form, eight of which will become hurricanes. The group said there's a 69% chance for at least one major hurricane to make landfall somewhere along the…
KING OF PRUSSIA, PA – March 31, 2021 – George Nichols III, President and CEO at The American College of…
MetLife’s 19th annual U.S. Employee Benefit Trends Study finds more than half of workers in their 20s (51 percent), including Gen Z and young millennials, say their work-life balance is better now than before the pandemic, while only one-quarter of baby boomers say the same.
Building on the firm’ s $30 billion commitment to advance racial equality, the strategy will include partnerships with Historically Black Colleges and Universities, initiatives to promote internal mobility, resources to allow diverse employees to grow their career over time and a goal of hiring 300 additional Black and Latinx advisors by 2025..
One of the world’s largest container ships is stuck in the Suez Canal, and the ship’s owner and insurers face…
A year into the COVID-19 pandemic, a Prudential survey finds that Americans are increasingly focused on near-term survival over planning…
Caesars Entertainment sued a group of insurance carriers, accusing them of declining to cover more than $2 billion in estimated…
New York– March 24, 2021: Anti-lockdown demonstrations in Germany, “Black Lives Matter” protests in the US or arson attacks on…
ARLINGTON, Va. and WINDSOR, Conn., March 23, 2021 – Nearly one third of consumers (31%) say COVID-19 has made it more…
Colorado Democrats introduced a bill in the state legislature that opens the door to a statewide health insurance public option if insurance carriers don’t reduce health care premium costs by 20% over the individual and small-group markets.
Many in the insurance industry are holding their collective breath as things get back to normal. A major worry is that deferred care will come crashing through the system by this summer, representing a flood of claims once people are willing to see a doctor again.
Washington, D.C. – March 11, 2021 – A new study conducted by the Employee Benefit Research Institute examining individual account…
COLUMBUS, Ohio, March 1, 2021 — As the COVID-19 pandemic persists, the impact has been felt by advisors and financial professionals, even the…
Radnor, Pa., March 8, 2021 – One-third of women say they are struggling to make ends meet, according to new…
ARLINGTON, VA, March 8, 2021 — U.S. commercial insurance prices again grew significantly in the fourth quarter of 2020, according…
Scheduled to take effect in October is a major overhaul of FEMA's National Flood Insurance Program– the biggest change to the program's methodology since 1968. Across New England, tens of thousands of residential properties are considered to have a substantial flood risk– defined as having a 1% annual chance of flooding, or a “100- year flood” risk.
Falls Church, VA (March 4, 2021) — Kevin Mayeux, CEO of the National Association of Insurance and Financial Advisors (NAIFA),…
CLEARWATER, Fla., March 2, 2021 — AmeriLife Group, a national leader in developing, marketing, and distributing annuity, life, and health…
NEW YORK–(BUSINESS WIRE)–Equitable, a leading financial services organization and principal franchise of Equitable Holdings, Inc., today announced enhancements to its…
AIG Retirement Services, a leading retirement plan provider for tax-exempt and public sector employers, today announced the results of a…
MINNEAPOLIS – Feb. 24, 2021 – As Americans continue to grapple with many aspects of COVID-19, the vast majority believe…
RADNOR, Pa. (BUSINESS WIRE), February 18, 2021 – COVID-19 has altered almost every aspect of daily life, yet a positive…
New York, February 23, 2021 – Wealthspire Advisors unveiled today a suite of impact investing solutions for clients seeking to…
BY ZEKE M ILLER The Associated Press. WASHINGTON- President Joe Biden announced changes Monday to target more federal pandemic assistance to the nation's smallest businesses and ventures owned by women and people of color. Biden's team also is carving out $1 billion to direct toward sole proprietors, such as home contractors and beauticians, the majority of…
Compensation rose between 8% and 14% year-over-year from 2019 to 2020. This was higher than the 3% increase in total revenue for these companies during that same period.
DENVER—Nearly seven in 10 U.S. adults (68 percent) say they experienced unexpected financial setbacks in 2020, according to a survey…
Consumer priorities have changed significantly as a result of the COVID-19 pandemic, with nearly half (45%) of consumers surveyed planning to save more and those most impacted financially seeking to mitigate future financial uncertainty.
The recent round of $600 stimulus checks was intended to help fuel the economy through consumer spending and discretionary spending. But many Americans who qualified for the second round of stimulus checks are using – or plan to use – the money for savings, to pay down debt or to handle everyday expenses.
Feb. 12— The state of Illinois will reopen the Affordable Care Act marketplace Monday as part of a national effort to help people get health insurance coverage during the ongoing COVID-19 pandemic. Pritzker said in a news release that providing this service now helps to make sure that more people in Illinois are covered as the pandemic continues to rage…
BETHESDA, MD.- President Joe Biden said Thursday that the U.S. will have enough supply of the COVID-19 vaccine by the end of the summer to inoculate 300 million Americans. He toured the Viral Pathogenesis Laboratory that created the COVID-19 vaccine now manufactured by Moderna and being rolled out in the U.S. and other countries. Biden announced on Thursday that…
KING OF PRUSSIA, PA – February 11, 2020 – George Nichols III, President and CEO at The American College of…
Radnor, Pa., Feb. 9, 2021 – The pandemic continues to create financial challenges for all Americans, but research from Lincoln…
DENVER (February 10, 2021) – The COVID-19 pandemic made the delivery of in-person pro bono financial planning services difficult in…
PARK RIDGE, Ill. (Feb. 9, 2021) — Throughout its nearly 100-year history, MDRT has evolved alongside the financial services profession,…
HARTFORD, CT – February 9, 2021 – According to Conning, high dividend equity strategies can serve institutional investors in this…
JERSEY CITY, N.J., February 8, 2021 — In the first nine months of 2020, the private U.S. property and casualty…
Arlington, Va. — Nearly six in 10 (59%) Americans are planning to make “carpe diem” their new mantra after the…
PORTLAND, Ore. — Feb. 2, 2021 — According to an updated study released today, nearly half (46%) of full-time American…
Matt Eyles, president and CEO of America’s Health Insurance Plans, said that his organization wants to assist the administration in its goals of COVID-19 relief and economic recovery, while calling for health equity in America’s communities.
NEW YORK, N.Y., January 26, 2021 – Managing workplace leave of absence has historically been a challenge for employers, and…
Although the Consolidated Appropriations Act was largely a spending and stimulus relief bill, it also contained a provision that changed the determination of a minimum interest rate used in certain tax-related calculations for life insurance contracts.
Women investors in 2020 reported significantly higher levels of concern about a U.S. economic recession in the next 12 months…
NEWARK, N.J., Jan. 25, 2021 – Prudential Financial, Inc. has appointed Caroline Feeney as CEO of its U.S. Insurance & Retirement…
–Roughly half of U.S. employees want more help from their employers to save for retirement, balance their work and life issues, and get the most value from their employee benefits, according to research from the Global Benefits Attitudes Survey by Willis Towers Watson.
New York– A trio of Covid-19 related risks heads up the 10th Allianz Risk Barometer 2021, reflecting potential disruption and…
CARMEL, Ind., Jan. 14, 2021 /PRNewswire/ — Washington National Insurance Company, a national provider of supplemental health and life insurance products for middle-income…
DES MOINES, Iowa–(BUSINESS WIRE)– The prolonged economic impacts of COVID-19 are wearing on small and medium-sized businesses as owners report…
—U.S. stocks are drifting Wednesday as Wall Street continues a pause from its big recent rally, and even Treasury yields are stalling following their rapid rise. Markets around the world have rushed higher recently on building optimism that a healthier economy is on the way because of the rollout of coronavirus vaccines and the prospect for more stimulus from a…
WASHINGTON, D.C., January 11, 2021 – Certified Financial Planner Board of Standards, Inc. (CFP Board) reported strong increases in the…
COLUMBUS, Ga., Jan. 12, 2021 /PRNewswire/ — Aflac, a leading provider of supplemental insurance products in the U.S., today announced the national…
PORTLAND, Ore. — Jan. 12, 2021 — Today, The Standard announces its first of several new annuity products launching this…
DENVER (January 5, 2021) – Skip Schweiss, CFP®, AIF® officially assumed the role of 2021 President of the Financial Planning…