NAIC counters climate impacts with new working groups, risk dashboard
The National Association of Insurance Commissioners is retooling efforts to improve climate change modeling and be better prepared for its impacts on the insurance industry.
Flawed Social Security death data puts life insurance benefits at risk
Issues with the Social Security Administration’s death database have resulted in millions of delayed or lost life insurance benefits.
Iowa defends Athene pension risk transfer deal in Lockheed Martin lawsuit
Iowa submitted a brief Wednesday in support of Lockheed Martin Corp. in a lawsuit over its choice of Athene Annuity and Life Co. in a pension risk transfer deal.
NAIC’s 2026 AI evaluation pilot moves ahead as industry balks
State insurance regulators are committed to kicking off a pilot program in 2026 to test insurers’ use of artificial intelligence.
Senate votes down two plans to address expiring ACA tax credits
Congress is no closer to resolving the issue of expiring enhanced Affordable Care Act tax credits as the Senate failed to advance competing proposals to address the issue today.
‘Credit score penalty’ doubling the cost of insurance for some, CFA reports
In all but three states it’s often more expensive for homeowners to have poor credit than to live in an area with a high risk of natural disasters.
Health plan approved drug lists more complex, challenging consumers
Health plan prescription drug formularies continue to increase in complexity, and changes to those formularies are especially challenging for consumers to navigate.
Most insurance AI patents come from just 3 U.S. insurers, study finds
Artificial intelligence patenting in insurance is becoming a high-stakes, highly concentrated race dominated by a handful of U.S. carriers.
Insurance Compact warns NAIC some annuity designs ‘quite complicated’
In one product trend, regulators are seeing more guaranteed living withdrawal benefits attached to non-variable annuities.
Advocates warn of ‘significant time bomb’ with healthcare barriers
Advocates urged regulators Monday to focus efforts on health care coverage access during the National Association of Insurance Commissioners’ fall meeting.
Senate Dems to force ACA vote while competing plans float in the House
The Senate is expected to vote later this week on a Democratic proposal to extend expiring enhanced Affordable Care Act tax credits and prevent health insurance premiums from skyrocketing for millions of Americans.
New York Life continues to close in on Athene; annuity sales up 50%
New York Life sold 50% more annuities through three quarters than in 2024, LIMRA reported in its updated sales rankings.
Judge tosses Penn Mutual whole life lawsuit; plaintiffs to refile
A California judge granted motions to dismiss a lawsuit filed by a group of 29 plaintiffs who claim that Penn Mutual Life Insurance Co. and several co-defendants ran a tax-avoidance scam.
Are the holidays a good time to have a long-term care conversation?
Are the holidays a good time to have a long-term care conversation? OneAmerica Financial’s findings shed some light.
NAIC panel readies controversial RBC changes for fall meeting vote
Regulators discussed the purpose of risk-based capital data last week as work progressed on an at-times controversial set of RBC principles.
Bill that could expand access to annuities headed to the House
A bill with more than 20 measures to improve retirement and other investment options is headed to the House of Representatives next week.
Judge approves PHL Variable plan; could reduce benefits by up to $4.1B
A Connecticut judge signed off Tuesday on changes to a moratorium on benefits available to the financially troubled PHL Variable Insurance Co.
ACA marketplace allowed possible fraud through fake enrollees, GAO says
The Affordable Care Act marketplaces allowed fake enrollees to obtain coverage in 2024 and 2025, the General Accounting Office said in a report issued this week.
Prudential leads all life sellers as Q3 sales rise 3.2%, Wink reports
Prudential Financial ranked No. 1 in overall life insurance sales during the third quarter, with a market share of 5.7%, Wink, Inc. reported.
