Commissioner attempts to address Calif. insurance crisis ‘head on’
California Insurance Commissioner Ricardo Lara has forged ambitious proposals to solve the crisis and calm the market.
Regulators: ‘frustrating and slow’ progress on climate data from insurers
Insurance companies are making improvements in reporting climate data points, but progress is “frustrating and slow,” as one Ceres researcher put it.
House committee votes to prohibit DOL spending on fiduciary rule
A House committee today approved a budget rider that would prevent the Department of Labor from spending any funds to implement its fiduciary rule.
Health care reforms likely to be punted to late this year
With Congress focusing on trying to pass 2024-2025 government spending bills, some bipartisan health care reforms will likely be punted to late this year.
AIG subsidiary insurers in legal fight over Hawaii climate-related claims
Hawaii’s top court will determine whether a pair of American International Group insurers must cover legal costs related to a climate change lawsuit.
Judge to decide if whistleblower can proceed with Globe Life lawsuit
A Michigan judge will decide whether an ex-Globe Life executive turned whistleblower can proceed with his lawsuit for wrongful termination.
Intense hurricane season could translate into ‘expensive year’ for American insurers
Insurers may need to brace for a significant amount of loss due to severe weather events expected this year, according to the experts.
NAIC urged to address issues related to use of AI in insurance
Consumer advocates have brought new concerns about how insurers are using AI to the attention of the NAIC’ technology committee.
Study looks at rising auto insurance costs, consumer trust
A new U.S. vehicle insurance study finds along with increased repair costs, other issues are placing an added financial burden on insurers.
Despite insurtech funding drop, stakeholders optimistic about way forward
While insurtech startup funding has declined recently, sector stakeholders suggest it is more of a balancing out than a cause for concern.
Private equity driving activity in insurance sector despite ‘lackluster’ deals market
Increasing interest from private equity is expected to support steady activity in the insurance deals market, during a time when other sectors are not experiencing comparable volume.
Are team-based advisory practices better positioned for growth?
Study looks at how team-based practices perform compared to other practices across key measures, including AUM and productivity.
With more people ‘living in harm’s way,’ auto, home rates soar
Extreme weather is playing a pivotal role in the rise of insurance premium, but it’s not the only reason for increases.
13 tips for financial advisors to overcome procrastination
Three professionals share some practical steps advisors can take to tackle their procrastination problems.
How will SCOTUS Chevron ruling impact DOL’s fiduciary rule?
SCOTUS’ overturning of the Chevron doctrine is likely to impact numerous financial regulatory bodies, including the DOL and its fiduciary rule.
Experts warn insurance industry to buckle up for AI regulation, litigation
Insurance companies are being urged to prepare for potential litigation as the use of AI grows within the industry.
Insurers, A.M. Best reach preliminary settlement in financial ratings case
Two insurers accusing A.M. Best of unfairly downgrading their ratings have reached a preliminary settlement with the credit rating agency.
Advisor starts ‘unbiased system for learning’ to aid young investors
How young people learn about money presents an interesting dichotomy: they have better access to information, but how good are those sources?
3 reasons for RILAs’ growing popularity
RILAs provide investors with a level of protection coupled with growth opportunities to help meet their long-term retirement investment and income needs.
