Amid ‘intensifying’ cost of care, UnitedHealth plans to exit markets
UnitedHealth Group is evaluating all of its operations, CEO Stephen Hemsley said, and exiting markets where rising medical costs threaten profits.
Annuity sales flip back to record-breaking mode in the second quarter
After taking a quarter to regroup, annuity sales soared to a new quarterly record during Q2, LIMRA reported.
Uncertain economy leaves Americans insecure about financial planning
Americans are becoming more careful – and insecure – about their financial planning as the economy seems to become less stable.
Why the sandwich generation may be underinsured
The sandwich generation – adults who are caring for older family members while raising children – are already stretching their funds to cover expenses across multiple generations.
AI adoption has dramatically changed insurance landscape, expert says
The adoption of AI into the insurance value chain is the biggest factor to transform the insurance industry in recent times, an expert says.
How are Gen Zers navigating their financial challenges?
Gen Z investors are exhibiting unexpected spending behaviors and digital strategies to navigate their financial challenges.
Globe Life touts underwriting, Bermuda efforts, mortality gains in Q2
The McKinney, Texas-based Globe Life reported solid underwriting improvement, and a return to better-then-pre-pandemic mortality rates.
UnitedHealth announces ‘review’ of Medicare practices amid DOJ probe
UnitedHealth Group announced an internal investigation on Thursday morning into its Medicare practices, confirming a Department of Justice investigation into the same matter.
Insurance industry retirement exodus creating a talent gap
With thousands of insurance professionals heading toward retirement, the looming talent gap could compromise performance and growth.
Judge approves distribution of $318M to Greg Lindberg victims
A North Carolina judge approved the distribution Tuesday of $318 million to various victims of Greg Lindberg’s financial fraud.
PHL rehabilitator: some policyholders ‘unlikely’ to ever get full benefits
Some PHL Variable policyholders are “unlikely” to ever receive their full benefits, Connecticut Insurance Commissioner Andrew Mais said.
Iowa judge grants partial injunction blocking parts of state’s PBM law
An Iowa judge partially and temporarily blocked the state’s controversial law regulating pharmacy benefit managers.
$18M policy owner denied ‘seat at the table’ in PHL Variable rehab effort
A high-dollar policyholder has no right to “full-party” status in the PHL Variable rehabilitation proceedings, a Connecticut judge ruled Friday.
‘Cash Flow King’ gets 70 months in prison for $7M Ponzi scheme
Matthew Motil, the so-called “Cash Flow King,” was sentenced to 70 months in federal prison for running a $7M Ponzi scheme.
New NAIC task force urged to update RBC to avoid more insurer failures
An NAIC task force is tackling risk-based capital ratio in an effort to better identify “potentially weakly capitalized companies.”
Trade group to appeal ‘mixed bag’ ruling on beleaguered fiduciary rule
The Federation of Americans for Consumer Choice will appeal a mixed ruling that keeps alive the Department of Labor’s fleeting attempts to reinterpret fiduciary duty.
ACA marketplace plans seeking double-digit premium increases for 2026
The 24 million Americans who obtain health insurance through the Affordable Care Act marketplace will have to dig deeper into their pockets for coverage next year.
Implementing best practices during the Great Wealth Transfer
In the face of The Great Wealth Transfer, it is important for wealth managers to follow best practices, according to The Cerulli Report.
How SECURE changed the rules for inherited IRAs
Even though SECURE took effect five years ago, advisors still receive questions from clients about IRS regulations that complicated the rules for certain classes of IRA beneficiaries.
