Francis Scott Key Bridge collapse likely to result in billions in losses, insurance claims
The tragic collapse of the Francis Scott Key Bridge Tuesday morning will eventually trigger insurance claims that will likely cost billions, AM Best said.
Medicaid unwinding: More than 18M disenrolled from coverage so far
The Medicaid Unwinding is nearly a year old, and more Medicaid recipients than expected have been disenrolled from the public health insurance program, statistics show.
Feds allege that former NJ man funded high-flying life via investor fraud
A former New Jersey man used “a litany of fraud schemes” to steal millions of dollars from investors, the state U.S. Attorney’s Office said.
Many Americans have no plans to discuss wealth transfer with families
More than a third of Americans (35%) do not plan on discussing transfer of wealth with their families, according to recent research.
State Farm, plaintiffs trade barbs in lawsuit over total loss values
State Farm is scheduled to argue for a partial summary judgment Thursday before a federal judge in Illinois as it defends another class-action lawsuit over vehicle loss assessments.
Regulators adopt first climate strategy in bid to boost insurance markets
State insurance regulators adopted their first climate strategy in the hopes of stabilizing chaotic insurance markets.
Insurance industry to be impacted by 3 trends in 2024, says expert
The insurance industry will be impacted by three trends in 2024.
What do consumers want from financial services firms?
A new report is shedding light on consumer wants, including the need for clear and understandable fees and unbiased service.
Colorado gears up to add AI regulations for health insurance
Colorado has opened a public commentary period for its proposal to introduce regulation to govern the use of AI in health insurance.
Regulators consider guideline to best-interest rule to address ‘deficiencies’
State insurance regulators plan to issue guidance on its best-interest annuity sales model after reviews turned up “deficiencies” in producer monitoring.
Regulators resolve to check up on products for illustration integrity
Instead of further rulemaking to tamp down unrealistic illustrations, regulators are going directly to the products.
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.
