LIMRA: 2024 life insurance premium sets $15.9B sales record
Annualized individual life insurance in 2024 set a sales record for the 4th consecutive year, according to LIMRA’s survey results.
Critics multiply as state regulators attempt to rein in offshore reinsurance
Regulators are trying to get a handle on offshore reinsurance once investment firms took an ownership stake and deals boomed.
What is ‘explainable AI,’ and why must insurers address it now?
American insurers are being urged not to drag their feet on ensuring their use of AI is “explainable” to regulators and consumers.
How well do consumers anticipate retirement healthcare, LTC costs?
A Jackson National Life’s study has revealed a gap between individual’s perceptions of retirement costs and their financial preparedness.
Michigan Republican urges Chavez-DeRemer to rescind fiduciary rule
Michigan Republican urges the Trump administration’s newly confirmed Department of Labor Secretary to rescind the fiduciary rule.
5 essential lessons insurtechs can learn from past failures
New insurtechs can help ensure success by learning essential lessons from the failures of past companies, say experts.
Cut to ACA enrollment period could cost 1M Americans coverage
The Trump administration proposed shortening the annual enrollment period for Affordable Care Act health insurance by one month, a move that one group warned could lead to more than 1 million Americans at risk of losing coverage.
OneAmerica panel: 3 trends will shape long-term care in 2025
There are three trends that will shape the long-term care market in 2025, according to a recent OneAmerica webinar panel.
Northwestern Mutual: Many Americans still struggling with inflation
A recent survey reveals consumers’ continuing struggles with high inflation are having a “large impact” on their finances.
Special master to complete review of Lindberg finances by mid-May
The special master assigned to untangle Greg Lindberg’s finances and arrive at a restitution number is expected to complete his work by mid-May.
Industry associations blast MedPAC view of Medicare agents
Two professional associations representing health agents and brokers came out against the Medicare Payment Advisory Commission’s view of those who enroll consumers in coverage.
LIMRA launches new tools to help life insurers adopt AI
LIMRA’s AI Governance Group launches tools and resources to help life insurance companies effectively adopt AI.
Offshore reinsurance: Rising popularity. Rising risk?
Offshore reinsurance gives life insurers more options to invest their capital, with access to increased scale and new business volumes. But is it financially sound?
Most experts advise insurers not to expect federal AI guidelines
Most legal and insurance industry experts aren’t expecting federal AI guidelines anytime soon under the Trump administration.
EBRI: When it comes to decumulation, RMD rules are a ‘default strategy’
RMD rules are more than just guidelines, according to EBRI research released last week, but are clearly a defacto default strategy.
Insurance industry faces 4 possible future scenarios
Insurance executives are optimistic about the major trends influencing their industry, but remain aware of critical risks to their organization.
Group of 29 plaintiffs sue Penn Mutual over whole life tax-avoidance ‘sham’
A group of 29 plaintiffs claim that Penn Mutual Life Insurance Co. and several co-defendants ran a tax-avoidance scam around whole life insurance policies.
N.Y. AG files complaint in Allstate data breach
New York accuses Allstate Insurance and its affiliates of failure to build proper data security protection against serious data breaches.
Utah judge: Sentinel Security is back in business until May 12 trial start
A Utah judge paused an emergency order banning Sentinel Security Life Insurance Co. from writing new business nationwide.
