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August 17, 2021
Technology can help pull in potential customers who remain in limbo, but want to buy.

A Good CRM A Crucial (And Overlooked) Part Of An Agent’s Tech Toolbox

Everyone knows that technology will remain a growing part of the insurance sales business. The pandemic only speeded up the…

August 17, 2021
A new court decision reinstates New York's tough annuity standard.

Rhode Island AG Objects To Rate Requests Filed By Health Insurers

Rhode Island Attorney General Peter Neronha has filed objections to rate increases sought by Blue Cross Blue Shield of Rhode Island, Neighborhood Health Plan and other insurers that offer polices to state residents.

August 17, 2021
A crypto mining investment was nothing more than a twist on a Ponzi scheme, authorities say.

MassMutual To Offer Bitcoin Fund Through NYDIG

The tech platform NYDIG is extending inroads into insurance with MassMutual and insurance-focused hires.

August 16, 2021
Insurance brokers are prepared to offer more benefits' options.

Report: 90% Of Insurance Agencies Prepared For More Benefits’ Options

The COVID-19 pandemic forced agencies and companies alike to reassess employee benefits. As employers continue to face a hiring shortage, attracting talent will almost certainly be contingent upon being able to offer employee benefits that cover a full spectrum of needs.

August 16, 2021
An Ohio man is going to prison for fraud
Jason E. Adkins, 46, solicited victims from all over the country and world, authorities said.

New York Advisor Charged With Defrauding Clients Of $8 Million

Authorities say Martin Ruiz misappropriated more than $8 million of client funds, transferring those funds through a series of entities Ruiz also controlled, and spent the vast majority of the funds on personal expenses.

August 13, 2021
The Federal Reserve is getting new leadership.

NY Reports 3.7% Health Insurance Rate Hike For Individual Market

The New York State Department of Financial Services reduced health insurers’ 2022 requested rates to a 3.7% hike, despite health care costs increasing to pre-pandemic levels.

August 13, 2021
Gov. Mike DeWine called the decision by the Biden administration "disappointing."

Feds Withdraw Approval For Ohio Medicaid Work Requirements

Two years ago, the U.S. Centers for Medicare and Medicaid Services under the Trump administration approved Ohio’s request to make the changes, which hadn’t been implemented due to the ongoing pandemic.

August 12, 2021
The LIBOR rate is going away.

Transition From LIBOR Will Impact Existing Annuity Contracts

LIBOR is the primary benchmark for short-term and variable interest rates used to determine interest rates on a variety of financial instruments. Those include not only investments held by insurers, but existing annuity contracts as well.

August 12, 2021
Principal execs touted strong second-quarter results
Principal Financial Group is in transition after finding a buyer for its traditional insurance business.

Principal Completes Integration Of Wells Fargo Retirement Business

Principal acquired the Institutional Retirement and Trust business in July 2019 to enhance its retirement and income capabilities, achieve greater scale and balance, and drive business growth, the company said in a news release.

August 12, 2021
The Florida property insurance market has been floundering for years
Florida insurance rates are on the rise.

Florida Insurer’s Liquidation Leaves 33,000 Customers Scrambling

The liquidation is saddling the state with an estimated $60 million to $65 million in unpaid claims and premium refunds, according to Florida Insurance Guarantee Association Executive Director Thomas Streukens.

August 11, 2021
Lawmakers are debating a $3.5 trillion budget proposal.

$3.5T Budget Deal May Take Pressure Off Long-Term Care Insurance

While insurance companies try limiting their losses, legislators try different proposals to support services outside overburdened and expensive institutional settings.

August 11, 2021
Image shows a computer graph projections.
Fitch Ratings showed some optimism in its 2024 credit outlook for personal auto and life insurance.

LIMRA Sees A More Robust 2021 Life Insurance Sales Forecast

The government response to COVID-19, coupled with stronger economic conditions and unprecedented consumer interest in life insurance, have led LIMRA to improve its 2021 sales forecast.

August 11, 2021
More than just insurance is needed to fight off cyber criminals, one expert says.
Cyberattacks can cost customers dearly.

76% Of Workers Worry About Retirement Money

Retirement plan participants are worried about running out of money, losing income or not being able to afford medical expenses, according to an American Century survey.

August 10, 2021

July Life Insurance Activity Drops After 2020 Spike, MIB Says

This decrease is largely attributable to a spike in activity that occurred in July 2020 as the industry rebounded from the impact of the COVID-19 pandemic.

August 10, 2021
Former NFL ran a health insurance fraud scheme, authorities say.

California Charges 2 With 36 Counts Of Felony Insurance Fraud

California regulators have charged two people with 36 felony counts of insurance fraud and grand theft for collecting long-term health care benefits allegedly as a result of fraudulent claims.

August 10, 2021
Plenty of employers are still unable to fill jobs.

5 Key Takeaways From The July Jobs Report

—Even in a July jobs report that was nearly universally hailed as a good one, pockets of weakness and concern are still clouding the celebration.

August 9, 2021
Americans used more stimulus money to pay down debt as time went on.

Spenders Into Savers: The Great American Shift

The data shows Americans saved more of their money during the pandemic, largely because they could not spend it. But studies are showing that Americans might be changing their identity from consumers to savers.

August 9, 2021
Brookfield has a deal to acquire American National.

Brookfield Acquires American National Group In $5.1B Deal

Brookfield Asset Management Reinsurance Partners is acquiring American National Group in a $5.1 billion deal announced this morning.

August 9, 2021
America's roads, bridges and IT infrastructure could be rebuilt under the $1 trillion plan.

Senate Inching Closer To Passing $1 Trillion Infrastructure Bill

The measure would provide what Biden has called a “historic investment” in public works programs, from roads and bridges to broadband internet access, drinking water and more.

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