F&G Annuities & Life lays off 192 in bid to ‘efficiently scale’ business
F&G Annuities & Life laid off 192 employees across both its home offices in Des Moines, Iowa and remote functions.
Free online tool helps insurers map out AI governance framework
Insurers now have a free resource to help develop their AI governance frameworks thanks to a new online assessment tool offered by SAS.
The Reshaping of Retirement: Volatility and the ‘sequence of returns’
As a record number of baby boomers retire, the convergence of market instability and geopolitical uncertainty is reshaping retirement.
FIA indices evolve as the interest rate environment changes
Insurance companies continue to add newly launched indices to their fixed indexed annuity products, leading to a growing need to educate on the difference between live and back-tested index performance to help properly set policyholder expectations.
Health agents prepare for potential class action suit against CMS
A Washington law firm is interviewing health advisors who were unfairly targeted by the Centers for Medicare and Medicaid Services in preparation for a potential class action lawsuit against the federal agency for its use of algorithms to punish agents who enrolled consumers in Affordable Care Act coverage.
Most financial advisors compensated using fee-based models
The movement to fee-based services is being driven by a move from commissions to asset-based fees among wirehouse and broker/dealer channels.
Is long-awaited insurance industry transformation arriving — finally?
According to two new reports, with a near-term market in flux, the moment of insurance industrty transformation may be arriving.
What do consumers think about the need for long-term care?
We often read about consumers’ need for long-term care, but what do consumers think about the need for such protection?
Jeffrey Cutter files appeal from guilty verdict on Advisors Act disclosures
Advisor Jeffrey Cutter is appealing the lone guilty verdict handed down last month in his trial in a Securities and Exchange Commission civil case.
Connecticut regulators court potential buyers for PHL Variable blocks
Thirteen companies are studying confidential financial information as Connecticut regulators pursue the sale or reinsurance of PHL, or its blocks of business.
A blind spot for younger Americans: Prioritizing investing over insurance
The majority of young Americans are placing too much emphasis on building wealth without dedicating enough to protecting those assets.
Prudential shareholders ask court to OK $10M derivative suit settlement
Prudential Financial shareholders are asking a New Jersey judge to approve a $10 million settlement to end a derivative lawsuit over allegedly withheld mortality data.
Insurance companies scrambling to support need for GLP-1 drugs
The overwhelming popularity of GLP-1 drugs – what President Trump calls “the fat shot” – has insurance companies scrambling to…
UnitedHealth asks shareholders to support CEO’s $60M stock options
UnitedHealth Group is urging shareholders to reject a proxy alert and support a compensation package, including $60 million in stock options, for returning CEO Stephen Hemsley.
UnitedHealthcare eliminating commissions on Medicare drug plans
UnitedHealthcare dealt another blow to its Medicare agents when it announced last week it will not pay commissions on Medicare prescription drug plans sold after June 1.
Retirement confidence and ‘the great decide’
Americans are on the precipice of huge financial choices as they prepare for retirement – a phenomenon described as “the great decide.”
Ex-employees sue UnitedHealth for alleged 401(k) chicanery
Four current and former UnitedHealth Group employees are suing the embattled insurer for allegedly using forfeiture funds to pay the corporate match for 401(k) plan participants.
Insurtech investment roars back in Q1
After several quarters of stagnant growth and investor fatigue, the insurtech sector roared into 2025 with renewed purpose.
SEC needs to show its hand on disclosures after Cutter verdict, analysts say
The Securities and Exchange Commission has some work to do following the recent guilty verdict against a Massachusetts advisor for insufficient disclosures.
