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March 9, 2022
Alex Murdaugh fraud case reached a key conclusion with a $4.3 million judgment.

Former Lawyer Gets 8 Years In Prison For Cheating Social Security

A former Arkansas lawyer falsified information in order to receive Social Security disability payments by lying to the Social Security Administration about her employment status.

March 9, 2022
Inflation is on the minds of many Americans.

Survey Finds Inflation Concerns Are Top Of Mind Among Consumers

Today, ICSC released the results of its Economic Event Sensitivity Survey, which found that inflation is the predominant economic concern among adults at present, with 50% saying it has impacted their financial situation over the past 24 months. The survey also found that a plurality of Gen Z and Millennials indicated their financial situation had improved…

March 9, 2022
Can the U.S. find enough oil to avoid a recession?

Oil Prices, Ukraine War Could Tip U.S. Into Recession, Economist Warns

Mark Zandi, the chief economist for Moody’ s Analytics, told a House committee on Tuesday that elevated prices for oil and other commodities, partly due to Russia’ s invasion of Ukraine, could force the Federal Reserve into“ no good choice” on interest rates.

March 9, 2022
Many women are falling short when it comes to retirement planning.

How Life Insurance Might Solve Women’s Estate-Planning Issues

Life insurance can help protect women and their families in a tax-advantaged way while also providing income for retirement or benefits for long-term care.

March 8, 2022
2021 U.S. single premium buy-out sales were the highest since 2012.

Single-Premium Pension Buy-Out Sales Jump 37% In 2021, SRI Finds

U.S. single premium buy-out sales totaled $34.2 billion in 2021, up 37% from 2020 sales, according to the Secure Retirement Institute (SRI) U.S. Group Annuity Risk Transfer Sales Survey.

March 8, 2022
Investing in Russia's growth has been good business in recent years.

Pension Funds Consider How To Divest From Russia

Selling off investment holdings in Russian companies to show support for Ukraine is easier said than done. The Russian stock market is closed, hindering trading.

March 7, 2022
The Allianz Global Investors unit fabricated reports to hide risks that left it vulnerable to the 2020 market shock, regulators say.

Montana Man Conned An Investor Into Funding Fake CIA Missions

Matthew Anthony Marshall, 51, pleaded guilty last November to an indictment charging him with wire fraud, money laundering and tax evasion. He was handed a six-year prison sentence.

March 7, 2022
Inflation is hitting Black Americans hard
Inflation woes are making it more difficult for Black Americans to prepare for retirement.

Is Generation X Truly Ready For Retirement?

New research by the Society of Actuaries Research Institute finds that Gen Xers do not appear to be as well prepared as older generations for retirement.

March 7, 2022
The economy can handle higher rates, a Fed official says
The Federal Reserve is expected to begin raising interest rates soon.

Fed Banking On Interest Rate Hikes To Keep Inflation In Check

You may think Inflation is like the weather: Everyone complains, but can’ t do anything about it. Except the Federal Reserve doesn’t believe that.

March 4, 2022
On stage for a 2011 MDRT meeting, Robelynn Abadie stands between Soles4Souls CEO Wayne Elsey and musician Michael Franti.

Trade Associations Line Up In-Person Conferences For The Rest Of 2022

Meeting in person provides better opportunities for attendees to network, meet influencers and industry experts face-to-face, and stay connected with friends and colleagues, association executives say.

March 3, 2022
Employer-sponsored disability insurance is proving to be a popular benefit.

COVID-19 Fueled Greater Interest In Long-Term DI, Survey Shows

The COVID-19 pandemic apparently fueled an interested in long-term disability insurance, according to a survey by DI insurtech Breeze.

March 3, 2022
Inflation is on the minds of many Americans.

Column: Sidelined Workers Help Fuel Inflation

A CNN survey, for example, asked respondents to choose the two issues they deemed “most important for the U.S. government to address.” Inflation was the top or second choice of 42% of respondents.

March 2, 2022
The NAIC executive committee recently approved a new process for long-term care rate review.

Regulators Wary Of Disruptions To Hot RILA Market With New Rules

The Indexed Linked Variable Annuity subgroup is attempting to tweak nonforfeiture rules to better fit the unique ILVA products, also known as registered indexed-linked annuities or structured annuities.

March 2, 2022
Insurers are returning to the Obamacare exchanges.

Agents, Brokers Had A Big Role In 2022 ACA Open Enrollment

The 2022 open enrollment period for health insurance under the Affordable Care Act was one of the strongest years for agents and brokers who assisted consumers in buying coverage through the health insurance marketplace.

March 2, 2022
How high will ACA rates go in 2023?
Connecticut insurers seek big rate hikes.

Wisconsin Plan To Create Retirement-Like Accounts For Kids Wins Support

In a rare show of bipartisanship, state lawmakers are in support of an effort that would create a retirement-style savings account for every child from birth in Wisconsin.

March 2, 2022
A Missouri sexual assault allegation has been settled by the accused's insurance company.

Broker Comp Disclosure ‘Will Change The Game,’ NAHU Members Told

Compensation transparency will have a bigger impact on health insurance brokers over the next few years than the Affordable Care Act did, an insurance industry veteran told members of the National Association of Health Underwriters.

March 1, 2022
COVID-19 tests were supposed to be free under federal legislation.
Kaiser is accused of improperly charging patients for COVID-19 tests.

Life Insurance Claim Denied For Nevada Lawman Who Died Of COVID

The widow of a Nevada sheriff’s deputy who died of COVID-19 in October is reeling from another setback: an expected life insurance payout is not coming.

March 1, 2022
The pandemic has made it harder to engage with new clients.

How The Industry Can Bridge The Income Gender Gap

Women face a number financial planning challenges, led by an income gender gap that leads to a retirement savings gap. Add the caregiving challenges brought on by the COVID-19 pandemic, and you have a population group at financial risk.

March 1, 2022
Gen Xers are about to come into a whole lot of money, a new study confirms.

Gen X? Make It Gen $: Boomers Set To Funnel Big Bucks To Heirs

Over the next 20 years, $84 trillion is expected to transfer between generations, with Gen Xers reaping the most over the next decade or so. Advisors will need to change how they do business to get the attention of younger investors.

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