PHL rehabilitator: some policyholders ‘unlikely’ to ever get full benefits
Some PHL Variable policyholders are “unlikely” to ever receive their full benefits, Connecticut Insurance Commissioner Andrew Mais said.
Iowa judge grants partial injunction blocking parts of state’s PBM law
An Iowa judge partially and temporarily blocked the state’s controversial law regulating pharmacy benefit managers.
$18M policy owner denied ‘seat at the table’ in PHL Variable rehab effort
A high-dollar policyholder has no right to “full-party” status in the PHL Variable rehabilitation proceedings, a Connecticut judge ruled Friday.
‘Cash Flow King’ gets 70 months in prison for $7M Ponzi scheme
Matthew Motil, the so-called “Cash Flow King,” was sentenced to 70 months in federal prison for running a $7M Ponzi scheme.
New NAIC task force urged to update RBC to avoid more insurer failures
An NAIC task force is tackling risk-based capital ratio in an effort to better identify “potentially weakly capitalized companies.”
Trade group to appeal ‘mixed bag’ ruling on beleaguered fiduciary rule
The Federation of Americans for Consumer Choice will appeal a mixed ruling that keeps alive the Department of Labor’s fleeting attempts to reinterpret fiduciary duty.
ACA marketplace plans seeking double-digit premium increases for 2026
The 24 million Americans who obtain health insurance through the Affordable Care Act marketplace will have to dig deeper into their pockets for coverage next year.
Implementing best practices during the Great Wealth Transfer
In the face of The Great Wealth Transfer, it is important for wealth managers to follow best practices, according to The Cerulli Report.
How SECURE changed the rules for inherited IRAs
Even though SECURE took effect five years ago, advisors still receive questions from clients about IRS regulations that complicated the rules for certain classes of IRA beneficiaries.
Tips to help advisors sell long-term care insurance to younger prospects
Some helpful tips that financial professionals can use to increase their chances of selling LTCI to their younger prospects and clients.
‘We lost a great one’: longtime life insurance educator Joe Belth dies at 95
Dr. Joseph Belth wrote and edited The Insurance Forum for 40 years, and authored several books on the life insurance industry.
Advisors: Guidance, policy changes needed to support caregivers
Most financial advisors are working with clients who have caregiving responsibilities. Most believe caregivers require more support.
New technology uses AI to help insurers detect fraudulent activity
A new AI-powered solution helps insurers detect fraud by flagging unusual user activity directly on an insurance company’s website.
Could the insurance industry trigger a new financial crisis?
A series of alarming reports and dire headlines have raised the specter of a new financial crisis — this time triggered not by banks or exotic securities, but by the insurance industry.
NAIC committee unanimously passes reinsurance asset-testing guideline
A new asset-testing guideline for reinsurance deals will result in no direct action, even if regulators uncover negative numbers.
Charitable giving: Cash ‘bad;’ everything else ‘good’
The holy grail of charitable planning is donating a long-term capital gain asset that has appreciated the most.
SEC: Cutter Financial press release on verdict ‘inaccurate and misleading’
The SEC wants to further investigate Cutter Financial Group, including the press release CFG issued in response to an April verdict on SEC charges.
Mayors, liberal groups sue to stop CMS rule cracking down on Obamacare
A coalition of Democratic mayors, liberal advocates and physicians are suing the Trump administration over new rules designed to “undermine”…
Tariffs upend Q3 economic outlook
Tariffs have impacted Morningstar’s third-quarter economic outlook, with predictions that they will push gross domestic product forecasts downward while increasing inflation.
