NAIC moves closer to finalizing AG 49-A, new reinsurance guideline
A National Association of Insurance Commissioners’ group took another step Thursday toward finalizing a pair of key guidelines.
Judge: No evidence that Athene annuities hurt retirees in PRT deals
A New York judge tossed a pension risk transfer lawsuit filed by former employees of General Electric.
National Flood Insurance Program set to expire as shutdown looms
Along with a government shutdown looming, the National Flood Insurance Program is also set to expire tomorrow unless Congress extends it.
Consumer insights reveal how insurers can ‘plant a flag’ with agentic AI
When, how, and at what age are consumers most comfortable using the AI-based tech? A new study helps insurers answer those questions.
DOJ: California insurer kept $320M in surplus Medicaid funds
The Department of Justice is suing a California health insurer for allegedly diverting $320 million in leftover federal funds to other inappropriate expenses.
What to know about serving households with $5M to $10M in investable assets
Households with $5 to $10 million in investable assets have a high comfort level with market volatility, a recent study finds.
UnitedHealth execs deny securities fraud, blame ‘parroted bad news’
Accusing unhappy shareholders of compiling “scattershot allegations” from various newspaper reports, UnitedHealth Group executives denied securities fraud Tuesday.
Gen Z says insurance’s slow AI adoption fuels talent crisis
A new survey finds the insurance industry’s slower adoption of AI is keeping Gen Z from making insurance a top career choice.
Humana suit: 3 phone disconnects could cost insurer billions in revenue
The fate of three disconnected phone calls from the Centers for Medicare & Medicaid Services could cost Humana billions of dollars.
Indictment: Harvard grad preys on biz school alums for Ponzi scheme
A Harvard graduate who told investors he could time Warren Buffett’s investments to return huge profits was actually running a Ponzi scheme, authorities said.
Federal policy that agents said hindered ACA health enrollments is rescinded
After an outcry from health insurance agents and the associations that represent them, a new federal policy that they said hinders agents from enrolling people in coverage on the federal health insurance marketplace has been rescinded.
Copyright lawsuits highlight potential risks for agents using AI tools in marketing
Experts warn that the same artificial intelligence tools fueling efficiency may also carry significant copyright risks.
Swiss Re study: GLP-1 drugs could cut U.S. mortality a staggering 6.4% by 2045
The continued use of GLP-1 weight loss drugs could cut mortality rates by up to 6.4% by 2045, according to new research spearheaded by Swiss Re.
UnitedHealth subsidiary sued over $4.4M stolen by ex-employee
A San Diego-based bank is suing UnitedHealth Group over an embezzlement scheme perpetrated by one of its employees.
PacLife settles with Washington state plaintiffs in IUL illustration suit
Pacific Life settled a lawsuit brought by a Washington state couple who claimed they lost substantial retirement funds after being misled on an IUL.
Law firm launches national practice targeting IUL lawsuits
A pair of South Carolina lawyers are rebranding their firm to focus on IUL litigation. Robert Rikard says IUL abuses are getting worse.
Fed cuts rates 25 basis points as Powell warns of cooling jobs market
Federal Reserve cuts ratesby one quarter basis point, warning of slow job market as inflation stays stubbornly above target.
Life insurers’ superpower? Long-term promises says ACLI CEO David Chavern
ACLI CEO David Chavern discusses the industry’s “moment,” the annuity boom, and why a new vocabulary is needed for what life insurers do.
New York judge tosses terrorism charges against Luigi Mangione, lets murder count stand
—A judge on Tuesday dismissed terrorism charges against Luigi Mangione in New York state's case over the killing of UnitedHealthcare CEO Brian Thompson, but he kept the state's second-degree murder charges against the Ivy League graduate. Mangione's lawyers argued that the New York case and a parallel federal death penalty prosecution amounted to double…
