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Top Stories

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March 22, 2022
Insurance failures are dominating headlines in Louisiana.
Louisiana's guaranty association is overwhelmed with insurer failures.

Physical Therapist Pleads Guilty To Role In Insurance Fraud Scheme

A licensed physical therapist pleaded guilty in federal court in Boston in connection with an insurance fraud scheme.

March 21, 2022
Federal regulations are putting the "F" in fiduciary for health plans.
Federal regulations impact self-funded employer-sponsored health plans and how employers are required to act in a fiduciary capacity.

Advocates Demand No-Loophole Fiduciary Rule In DOL Letter

Dozens of consumer advocacy organizations send a letter to the Department of Labor to close what they call loopholes that allow unscrupulous sales with retirement funds.

March 21, 2022
Adventist and Anthem Blue Cross agreed to extend current deal.
Adventist and Anthem Blue Cross continue efforts to bridge the gap in negotiations.

The 5 Types Of Mentors Every Advisor Should Have In Their Life

As many professionals look for ways to move up the corporate ladder, a growing number of them are making use of a personal board of directors (PBDs) — a small group of people whose job is to advise, inspire, and guide them toward a successful and rewarding career.

March 21, 2022
Annuity sales recovered ground lost to the pandemic and then some in 2021.

Fed Rate Hike Sends Mortgage Rates Soaring Past 4%

Mortgage rates surged last week, with the 30- year loan surpassing 4% amid the Federal Reserve's decision to raise interest rates, according to the latest data from Freddie Mac.

March 18, 2022

Why Cryptocurrencies Shouldn’t Be Added To 401(k) Plans

The Labor Department essentially just warned the managers of workplace retirement plans: Don’t you dare think about adding cryptocurrency — it’s too risky.

March 17, 2022

As Health Policy Activity Slows, All Eyes Are On The Biden Administration

A group of policy experts gave their views on the policy changes we have seen so far, as well as what levers the administration might pull to advance its own priorities.

March 16, 2022

More Advisors Thinking About Succession Plans, Surveys Show

An increasing percentage of financial advisors plan to hand off their practices to their successors, surveys indicate.

March 15, 2022
COVID-19 is having a wide-ranging impact on the economy, but not so much on life insurance claims.

Health Policy Expert: Public-Private Efforts Needed In Future Pandemics

The best way for the U.S. to prepare for a future pandemic is one that combines private-sector leadership with government action, said Dr. Mark McClellan, founding director of the Duke-Margolis Center for Health Policy at Duke University.

March 15, 2022
Adventist and Anthem Blue Cross agreed to extend current deal.
Adventist and Anthem Blue Cross continue efforts to bridge the gap in negotiations.

E&Y: Insurers Need To Step Up And Meet Employee Needs Or Face Exodus

The pandemic impact on talent is just one trend explored in the EY 2022 Global Insurance Outlook. It takes into consideration three trends that are particularly important in the coming months.

March 15, 2022
Interest rate hikes are upon us.

Get Ready For The Fed To Hike Interest Rates

With its asset purchase programs fully winding down last week (the Fed was buying $120 billion a month of U.S. Treasury and mortgage securities), the Fed has signaled that it is ready to take the next step towards policy normalization.

March 14, 2022
Congress is grappling with several big-ticket items and it's an election year.

How Will Midterm Elections Impact Health Care Priorities In Congress?

Voters will choose a new Congress as the nation enters its third year of the COVID-19 public health emergency. What will it mean for health policies and priorities in Washington in the coming year?

March 14, 2022
Inflation is on the minds of many Americans.

Interest Rate Hikes To Tame Inflation Must Be ‘Measured,’ Unum Exec Says

Also, wage inflation could bring higher insurance premiums for customers of Chattanooga-based Unum, said Martha Leiper, the company’s executive vice president and chief investment officer.

March 14, 2022
Source: Haver/Commonwealth Financial Network

Sticker Shock: Assessing The Real Cost Of Gas

According to the Energy Information Administration, the price of conventional gasoline has risen 57 percent in the past year, and consumers are feeling the squeeze.

March 14, 2022
Financial education programs are proving beneficial for employees and employers both.

How Emotional Connections Can Elevate Your Business

According to a 2020 MDRT study, 85% of Americans would be more likely to trust recommendations from human advisors who demonstrate emotional intelligence, or EQ.

March 11, 2022
Georgia wants to set up its own health insurance marketplace.
The federal government says Georgia's health insurance marketplace plan does not meet regulations.

Actuarial Group Examines Racial Bias In P/C Pricing

The Casualty Actuarial Society published a series of reports on race and property/casualty insurance pricing.

March 11, 2022
Life insurance sales remained strong in 2022.
Indexed life drove record sales for the year.

‘Robust’ Life Insurance Industry Despite COVID, AM Best Reports

A strong equities market boosted life and annuity company bottom lines and supported product innovation, according to AM Best’s annual life/annuity market segment review.

March 11, 2022
The Federal Reserve is getting new leadership.

Will The Fed Curb Inflation, Or Will Politics Prevail?

If inflation persists and people expect it to remain high, many will spend and invest more rather than hold dollars that slowly lose purchasing power.

March 10, 2022
Regulators set future mortality rates today.
COVID-19 death rates will impact how insurers do business.

Mortality Crisis: Insurers See Rise In Non-COVID Deaths

LIMRA is parsing the data to determine the mortality impact across the demographic groups from COVID, deteriorating health and deaths of despair.

March 10, 2022
Are annuities the right play in the current economy?
Americans are socking money away in annuities again and sales are back to 2008 levels.

2021 Annuity Sales Highest Since The Great Recession, SRI Reports

Investors wary of increased market volatility and growing inflation drove total U.S. annuity sales to the highest levels since 2008, and the third highest recorded in history, according to results from the Secure Retirement Institute.

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