Insurance regulators vow to have a single LTC rate review plan by the fall
State regulators promise to develop a single rate review process for long-term care rate requests by the end of the year.
Regulators proceed with asset testing proposal for reinsurance deals
State insurance regulators are seeking comments on a proposal to further regulate insurers involved in often multi-billion-dollar reinsurance deals with offshore companies.
Calls to end LNG investment draw silence
A letter demanding insurance companies and others end underwriting new LNG terminals mostly was met with silence from the industry.
Level of financial insecurity remains high, study finds
While Americans have a more optimistic view of U.S. economy than they once did, their feelings of financial security have hit a record high.
Three money moves to help women minimize financial stress
Research identifies three financial behaviors to help women of all ages and income levels reduce their financial stress.
Survey: Life insurers want to be better at meeting technology challenges
Life insurers know that technology is one of their biggest challenges to capitalizing on the enormous market appetite for life insurance and annuities.
One-third of consumers unaware of life insurance tax benefits, says study
Nearly a third of Americans do not realize that they can save on taxes through life insurance, according to a new study.
Life insurance premium growth sets another record in 2023, LIMRA finds
For the third consecutive year, total life insurance new annualized premium set a new sales record, rising 1% to $15.7 billion, according to LIMRA’s U.S. Life Insurance Sales Survey.
Maryland commissioner on NAIC climate effort: It’s time to take action
State insurance regulators are moving ahead with a “National Climate Resilience Strategy” but industry lobbyists are not sure what it means.
Workers seeing financial wellness benefits as a ‘must-have,’ study finds
Workers are increasingly seeing financial wellness benefits as a ‘must-have,’ according to findings in a recent study.
Roth catch-up contribution provision poses challenges for many plans
In response to plan administrator concerns following SECURE 2.0 Act passage, the IRS has delayed the Roth catch-up contribution requirement,
Indexed life sales break records in fourth quarter, Wink reports
Life insurance sales closed 2023 with a very strong fourth quarter, according to Wink’s Sales & Market Report.
Athene takes over as annuity sales leader with 72% growth in 2023
Athene Annuity and Life stormed to the top of the annuity sales charts with a 72% year-over-year growth in 2023 sales, LIMRA reported today.
Underwriters must guard against bias and discrimination, speaker says
Data scientists know that artificial intelligence and predictive modeling leads to some biased underwriting. But more studies are needed to determine the full impact.
LIMRA, SPARK Institute gear up to launch fraud-fighting strategy
With criminals seeking to plunder American retirement accounts, LIMRA and SPARK Institute are joining forces to address this rising threat.
Labor Department sends new fiduciary rule to OMB
The Department of Labor sent its new and controversial fiduciary rule to the Office of Management and Budget late Friday afternoon.
NAIC regulators pushed by Feds into climate data collection, advocates say
The Treasury Department settled a long-running dispute with state insurance regulators over climate data collection, announcing Friday that they will partner to compile the data from insurers.
How might a presidential election impact investment decisions?
What impact might the choice of a president have on investment decisions? One way to view that question is through the lens of history.
Greg Lindberg ponders appeal as policyholders await June funds release
Embattled entrepreneur Greg Lindberg is weighing options after a North Carolina Court of Appeals decision this week clears the way for his former insurance companies to be liquidated.
