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June 13, 2022
5 strategies to preserve retirement buying power during an inflation spike

5 strategies to preserve retirement buying power during an inflation spike

We talk to experts who look at 5 strategies for dealing with inflation pressure on retirement savings to help preserve retirement buying power during this record period of inflation.

June 10, 2022
Inflation reaches record high.

As inflation hits 40-year high of 8.6%, experts look ahead

The US said Friday the Consumer Price Index rose to 8.6%, a level not seen for 40 years.

June 10, 2022
Alex Murdaugh fraud case reached a key conclusion with a $4.3 million judgment.

Alex Murdaugh’s $4.3M judgment for alleged fraud may fund charity

A $4.3 million confession of judgment signed by suspended and accused South Carolina attorney Richard "Alex" Murdaugh may help fund a future charitable foundation to benefit families in need.

June 9, 2022

Survey: Millennials lead in having a financial advisor, stress saving

Survey finds 75% of U.S. Millennials have a professional financial advisor—a higher percentage than either Generation X (67%) or Baby Boomers (70%)— and 86% have clear financial goals.

June 9, 2022
Hand businessman putting pin money into pig. Future needs loan education or mortgage credit spend vacation of dream effective buying financial risk and safety concept

Experts: 4 retirement income strategies to match any client’s style

There’s a role for retirement income investments based on a client’s retirement income style.

June 9, 2022
Medicaid expansion in North Carolina passed one more hurdle.

North Carolina Senate passes ‘monumental’ Medicaid expansion

In addition to Medicaid expansion, the bill contains the repeal of some certificate-of-need (or CON) laws and expands practice authority for nurses.

June 9, 2022
The economic upheaval is unsettling for those nearing retirement.

Market slump unsettles those eyeing retirement

Americans on the cusp of retiring are facing a tough choice as they watch their nest eggs shrink: Stay the course or keep working.

June 8, 2022
Security Exchange Committee SEC. Independent agency of the United States federal government.

SEC’s proposed private equity rule receives pushback, added time for comment

With days left in the comment period, more 230 letters have been submitted on the SEC’s wide-ranging private funds rule changes.

June 8, 2022
The Centers for Medicare & Medicaid Services says the eliminating or reducing commissions violates a provision of the Affordable Care Act.

CMS speaks: Failing to pay agent commissions violates ACA

Health insurance agents have complained for years that some insurers have reduced or eliminated commissions on individual health coverage sold through the marketplaces during special enrollment periods. CMS addressed the issue this week.

June 8, 2022
New Connecticut health rules will provide more care for new mothers.

Connecticut expands maternal health coverage, adds undocumented

The slew of new initiatives includes expanding prenatal coverage under the state’s public health program to all women who qualify regardless of immigration status.

June 7, 2022
A Clearwater pharmacy owner was convicted of healthcare fraud.

Florida pharmacy owner to pay $865k after healthcare fraud conviction

EBSA’s investigation found that – between November 2014 and June 2018 – Nitesh Patel engaged in the healthcare fraud with a Louisville, Kentucky physician.

June 7, 2022
Folder with close up on the word claims and a note where it is written under investigation. Concept of insurance fraud, 3d Illustration

As insurance fraud attempts rise, LIMRA beefs up FraudShare

LIMRA is partnering with Verisk to add greater data and analytic capability to its FraudShare program as account takeover and other fraud attempts increase.

June 7, 2022
The Surfside condo collapse killed 96 people in Florida.

Top female CEO pay jumps to $16M in 2021, but still lags behind men

Pay packages for the women who run S&P 500 companies jumped in 2021 as the economy recovered and stock prices and profits soared.

June 6, 2022
Centene Corp. owns a luxurious hotel near St. Louis, a fact it has kept under wraps.

More US households feel pinch in finances as inflation lingers

Seventy-eight percent of households said they were “doing okay” financially or “living comfortably,” according to the Federal Reserve’s “Economic Well-Being of U.S. Households in 2021” report.

June 6, 2022

Inflation can hurt homeowners with taxes, home insurance

Millions of American homeowners have seen the value of their properties escalate during this period of inflation. Home prices historically tend to increase when the Consumer Price Index is pushing higher, as is the case now.

June 6, 2022
Alex Murdaugh fraud case reached a key conclusion with a $4.3 million judgment.

Alex Murdaugh insurance fraud case concludes with $4.3M judgment

Murdaugh has been indicted in a slew of criminal charges and sued in civil court in relation to an insurance fraud scheme involving his late housekeeper, Gloria Satterfield, who died in 2018 after an incident at his Colleton County estate, Moselle.

June 3, 2022
Source: Wink, Inc.

Traditional universal life is withering on the vine, says Wink CEO

Fixed UL sales for the first quarter were $107.4 million, down 21.4% compared to the previous quarter and down 10.9% as compared to the same period last year, according to Wink’s Sales and Market Report.

June 3, 2022
Authorities say nearly two dozen people participated in a complex life insurance scam.

Feds: Fake death certificates part of macabre $26M insurance fraud scam

Federal authorities uncovered a macabre $26 million fraud scheme that supplied phony information to first responders, funeral parlors and cemeteries about recently deceased individuals to illegally collect life insurance payments.

June 2, 2022
Hurricane Warning - traffic sign information

Florida, Louisiana battered insurance markets brace for hurricane season

Emergency legislation approved last week to stabilize Florida’s property insurance market is akin to applying a Band-Aid to a ruptured artery, said an official with the Insurance Information Institute.

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