Regulators discuss the benefits of updated IRMA language for receivership
An insurance panel reminded state regulators that updated rules are available to help consumers get more funds from a receivership case.
Annuity sales set another record in first half of 2024
Total annuity sales hit a whopping $215.2 billion in the first half of 2024, a 19% jump from prior year results, according to preliminary results from LIMRA’s U.S. Individual Annuity Sales Survey.
Texas judge weighs ‘party restrictive’ injunction to halt DOL fiduciary rule
A Texas judge could decide this week on a preliminary injunction request to freeze the Department of Labor’s latest fiduciary rule.
Brighter outlook seen for insurance industry Q2 earnings
As insurers prepare to release Q2 financial earnings, some, if not many, of the negative factors they’ve faced recently have diminished.
Regulators hear industry ire over proposals to toughen reinsurance deals
Life insurers are unhappy with proposed tougher reinsurance oversight and let regulators know Monday during a working group call.
Despite expectations, insurance industry M&As continue to decline
An expected pickup in insurance industry mergers and acquisitions has not yet materialized with a decrease in the first half of this year.
Insurers’ lawsuit over AM Best ratings delayed again amid settlement talks
A New Jersey judge granted another extension Friday to give AM Best and two life insurers more time to finalize an agreement to end a lawsuit over negative ratings.
Health insurers likely to feel impact of SCOTUS Chevron ruling
Health insurers and the broader health care industry brace for impact from the recent landmark SCOTUS Chevron deference doctrine ruling.
Fifth Circuit overturns DOL’s ESG rule, cites recent SCOTUS ruling
The Court of Appeals for the Fifth Circuit tossed out the Biden administration’s ESG rule in a decision posted this morning.
5 ways to get meaningful feedback from clients
Client feedback helps identify what you are doing well and what needs improvement. But how best to collect this valuable information?
With cyber attacks on the rise, what can businesses do about it?
Increasingly frequent and costly cyber attacks could have major implications for insurance providers and their clients.
Prosecutors urge judge to reject Greg Lindberg petition for a new trial
Federal prosecutors say the second prosecution of Greg Lindberg on bribery charges was free of errors and the court should reject the defendant’s request for a new trial.
How early cancer screening benefits life insurers and policyholders
A health care company is teaming up with life insurers to help solve what it calls “a $201 billion problem in America” – late-stage cancer treatment.
Ameritas lawsuit: $5M New Jersey policy hid a STOLI connection
Ameritas Life Insurance Co. is challenging another life insurance policy under New Jersey’s ban on stranger-originated life insurance (STOLI).
4 ways to retain your client’s high net worth children
With only one in five affluent investors using the same advisor as their parents, we get some advice on how to engage your client’s children.
Critics worry about personal data in NAIC accelerated underwriting effort
Regulators rushing to finish a new accelerated underwriting guidance need to be wary of privacy concerns and the potential for discrimination, advocates said Thursday.
DOL may review ‘derisking’ pension risk transfers, says congressional report
The DOL says it may review the controversial practice of transferring pension risks to life insurers, commonly known as “derisking.”
Bill to kill fiduciary rule heads for full congressional vote
A bill to kill the new fiduciary rule is headed for a full vote in Congress after two committees this week resoundingly approved it.
Regulators criticized for allowing industry wording on new privacy model
How much input to allow the insurance industry to have on new privacy model rules divided some regulators and consumer advocates during a confusing conference call Wednesday.
