State insurance regulator on pace of AI rules: ‘We must go faster’
Artificial intelligence is developing fast, maybe too fast for state insurance regulators. But some say they have to move faster.
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As number of wildfires explode, expert says mitigation is possible
The growth of destructive wildfires is a sign that their frequency and intensity has become the “new normal.”
Goldman Sachs survey identifies top threats to insurer investments
While inflation once again topped the list of concerns among insurers, a Goldman Sachs survey found other top concerns.
Political turmoil outstrips inflation as Americans’ top financial worry
While more than 4 in 10 Americans named inflation as a major financial concern, the U.S. political environment was their top economic worry.
What is the average 55-year-old prospect worth to an advisor?
A financial advisor’s lifetime relationship with a 55-year-old client can be highly valuable. But what is the average worth in dollars and cents?
Utah regulators ask court to place Sentinel Security Life into rehab
Utah Insurance Commissioner Jonathan Pike is asking a judge to order rehabilitation for Sentinel Security Life Insurance Co. and a pair of reinsurers.
American National to exit the life insurance business
American National Insurance Co. will stop writing new life insurance policies in order to focus on other products.
State regulators want insurers to downplay key financial strength figure
State insurance regulators resumed discussions Tuesday on a proposal to make a key measure of insurance companies’ financial health confidential.
LIMRA: 2024 life insurance premium sets $15.9B sales record
Annualized individual life insurance in 2024 set a sales record for the 4th consecutive year, according to LIMRA’s survey results.
Critics multiply as state regulators attempt to rein in offshore reinsurance
Regulators are trying to get a handle on offshore reinsurance once investment firms took an ownership stake and deals boomed.
What is ‘explainable AI,’ and why must insurers address it now?
American insurers are being urged not to drag their feet on ensuring their use of AI is “explainable” to regulators and consumers.
How well do consumers anticipate retirement healthcare, LTC costs?
A Jackson National Life’s study has revealed a gap between individual’s perceptions of retirement costs and their financial preparedness.
Michigan Republican urges Chavez-DeRemer to rescind fiduciary rule
Michigan Republican urges the Trump administration’s newly confirmed Department of Labor Secretary to rescind the fiduciary rule.
5 essential lessons insurtechs can learn from past failures
New insurtechs can help ensure success by learning essential lessons from the failures of past companies, say experts.
Cut to ACA enrollment period could cost 1M Americans coverage
The Trump administration proposed shortening the annual enrollment period for Affordable Care Act health insurance by one month, a move that one group warned could lead to more than 1 million Americans at risk of losing coverage.
OneAmerica panel: 3 trends will shape long-term care in 2025
There are three trends that will shape the long-term care market in 2025, according to a recent OneAmerica webinar panel.
Northwestern Mutual: Many Americans still struggling with inflation
A recent survey reveals consumers’ continuing struggles with high inflation are having a “large impact” on their finances.
Special master to complete review of Lindberg finances by mid-May
The special master assigned to untangle Greg Lindberg’s finances and arrive at a restitution number is expected to complete his work by mid-May.
Industry associations blast MedPAC view of Medicare agents
Two professional associations representing health agents and brokers came out against the Medicare Payment Advisory Commission’s view of those who enroll consumers in coverage.
