Balancing human and digital processes across the insurance industry will be the key to enhancing services and delivering on customer expectations.
Field underwriting gathers all the pertinent information that may affect underwriting offers at the initial meetings between financial professionals and clients.
Ironically, most who have purchased life insurance say it’s worth the expense, while nearly half of those without it hesitated due to cost.
A survey conducted by Greenwald Research for the Society of Actuaries finds the Gen Z and millennials worry about early death but not as much about the real risks.
A South Carolina grand jury Tuesday charged convicted murderer Alex Murdaugh with two counts of tax evasion after prosecutors reviewed his final years of tax returns before he headed behind bars.
Between 60% and 80% of younger consumers are somewhat or very concerned about the financial impact of each of 12 financial and insurable risks, such as car accidents, damage to personal property or damage to residence.
Life carriers would love to trade their low-interest bond for new higher-rate ones, but an NAIC accounting standard dissuades them from taking the short-term hit, according to Conning.
While two-thirds of Americans report their lives have largely returned to normal following the COVID-19 pandemic, the 2023 Insurance Barometer Study shows a record-high proportion of consumers (39%) who say they intend to purchase life insurance coverage within the next year.
Suspended Beaufort County lawyer Cory Fleming will go on trial Sept. 11 for financial crimes he allegedly carried out with convicted killer and former lawyer Alex Murdaugh.
Insurers are showing hiring optimism as 67% of them have plans to increase their staff during the next 12 months.
The symposium will focus on the importance of promoting diversity, equity, and inclusion within the advocacy work that insurance and financial services professionals do on behalf of their profession and the clients that they serve.
The Bipartisan Working Group on Paid Family Leave invited members from numerous insurance companies to discuss the role of private industries as it relates to paid family leave policies.
Prudential has advised the department that they will voluntarily reprocess denied claims dating back to June 2019 and provide benefits for the claims previously denied based solely on lack of evidence of insurability.
Against a backdrop of economic challenges, adults are beginning to feel less positive about the current state of their finances in 2023, according to the latest findings from the New York Life Wealth Watch survey.
Prospects and clients come to the process with a set of prejudices and objections quite often fed by consumer media. Insurance professionals can use the LAER method to work through those preconceptions.
There are a record number of unfilled jobs in the industry, with one survey recently showing a 10-year low in layoffs and a 10-year high in the number of people quitting.
SPRINGFIELD, Mass., and BOSTON, April 13, 2023 – Massachusetts Mutual Life Insurance Company (MassMutual) today announced that it launched a second…
North Dakota Gov. Doug Burgum signed legislation Thursday making the plains state the 47th member of the Interstate Insurance Product Regulation Compact.
A coalition of insurance industry and healthcare leaders have formed a non-profit organization to help global insurers screen, test, and triage members to combat the baffling rise in excess mortality.
Dear Attorney: I am so confused. If the total face value of all the applicant's whole life policies is $1,500 or more, most states consider the total cash value of all policies as a countable asset that affects Medicaid eligibility. He has assets of less than $1,000, not counting his whole life insurance policy that has a face value of $5,000.
