SB 263 expected to bring chaos to Calif. insurance, annuity sales come Jan. 1
California’s new best-interest insurance sales bill (Senate Bill 263) could bring chaos to consumers and agents come Jan. 1.
UnitedHealth Group agrees to $69 million settlement in 401(k) suit
UnitedHealth Group will pay $69 million to settle a class-action lawsuit brought by an employee alleging mismanagement of their 401(k) plan.
Sen. Ron Wyden takes on private placement life insurance with new bill
New legislation from Sen. Ron Wyden, D-Ore., would reclassify and tax life insurance primarily used by the ultra-wealthy.
Ohio, Oklahoma push back on ESG investing
The pushback against ESG investing continues as two more states took action to quash progressive factors in financial decision-making.
Yes, the fiduciary rule is probably history, Capital Group analysts say
Despite nominating a moderate to head the Department of Labor, President-elect Donald Trump isn’t likely to be passionate about keeping the latest fiduciary rule around, analysts say.
Health care and Trump 2.0: Disruption ahead
There is no precedent to what the U.S. could see in health care under a second Trump presidency, a health care policy analyst said.
Centene reacts to ‘unprecedented times’ with abbreviated investor day
Centene Corp. CEO Sarah London acknowledged “unprecedented times” Thursday morning as the healthcare giant held an abbreviated virtual investor day just days after UnitedHealthcare CEO Brian Thompson was killed.
Post-COVID 19 ‘excess mortality’ rates could remain high for another decade
COVID-19 might seem like a distant memory but for life insurance executives lagging mortality rates remain a stubborn reminder.
Health insurers enhance security following UnitedHealthcare CEO shooting
The New York shooting that targeted a UnitedHealthcare executive has spurred health insurance companies to ramp up security procedures.
Middle-income households exceeding retirement savings expectations
Middle-income households are generally applying strong retirement savings habits and behaviors, according to a recent survey.
Widow of NYC man who jumped to his death sues brokers, insurers over annuity sales
The widow of a New York City man who committed suicide last summer by jumping off a building is suing three brokers and five companies for allegedly selling him improper annuities.
Police announce arrest in connection with murder of UnitedHealthcare CEO
Police announced an arrest today in connection with the brazen midday shooting death of UnitedHealthcare CEO Brian Thompson Wednesday in Manhattan.
LTCi: Growing number of options available to fit client needs
Life insurance with either long-term care riders or chronic illness riders are picking up steam in the marketplace.
How SECURE impacts inherited IRA beneficiaries
Americans held $33 trillion in individual retirement accounts in 2022, and many of those IRA holders have yet to withdraw their funds and pay taxes on them.
Building vs buying an AI solution: What should insurtechs consider?
Insurtechs and insurers leveraging AI are considering whether to build or buy their solutions. What’s the best answer?
LIMRA: Annuity sales on track to set new record in 2024
Total annuity sales increased 23% to $331.2 billion in the first nine months of the 2024, on pace for another record-breaking year.
Anthem BCBS backs down on plan to limit anesthesia coverage
Anthem Blue Cross Blue Shield is backing down from a plan that would have set limits on the amount of time it will pay for anesthesia in certain surgeries.
Thompson, UnitedHealth kept probe secret and misled investors, lawsuit claims
UnitedHealthcare and late CEO Brian Thompson are named in a new amended complaint alleging that executives sold stock while keeping a DOJ probe from investors.
California teachers: In-plan annuity rider fees unfair; lawsuit in mediation
Several California teacher lawsuits over in-plan annuity costs has been consolidated into one case involving rider fees.
