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5 financial wellness behaviors that help build wealth

February 28, 2023 Top Stories No comments.
Image of the numeral 5 made from gold coins, with stacks of gold coins in the background.

U.S. households that adopt five financial wellness behaviors build more wealth than other households, according to a research report by Hearts & Wallets, which has been tracking these behaviors.

Read more
February 28, 2023
Image of man looking bored and exhausted seated in front of large stacks of documents.

Insurtech takes on tedious task of obtaining probate surety bonds

While insurtech primarily has focused on the top-level needs of the insurance industry, a North Carolina company says it has automated the cumbersome and time-consuming process of obtaining probate surety bonds.

February 28, 2023
Image of figure in a paper boat about to go over relatively shallow waterfall.

Economist predicts a ‘short and shallow’ recession

Why the U.S. could be in a brief recession characterized by negative demand and a continued tight labor market.

February 27, 2023
Image of figure surrounded by clouds indicating glloom and doom.

NABIP: Eliminating the employer tax exclusion would spell disaster for employer-based health market

Eliminating or capping the employer tax exclusion could be disastrous for the employer-based health insurance market, forcing many employers to exit the market, says NABIP.

February 27, 2023
Image of a paper boat floating safely over a waterfall attached to a balloon, while other boats plunge into the falls.

Insurtechs move to take on lagging business insurance market

Despite the high rates of failure and litigation, relatively few small business and start-ups carry business insurance, according to recent polls. Two insurtechs – LegalZoom and Counterpart – are forming partnerships to take advantage of this lagging market.

February 24, 2023
Greg Lindberg
Greg Lindberg

New indictment accuses Greg Lindberg of misappropriating millions

Beleaguered North Carolina billionaire Greg Lindberg, already facing retrial on accusations that he tried to bribe a state official, was indicted Friday on a rash of new criminal charges that further threaten his freedom.

February 24, 2023
Image of handicap icon on parking space.

Advice for selling disability and critical care insurance

With disability insurance and critical illness insurance both experiencing recent growth, two industry executives recently shared some helpful hints for selling these two products.

February 23, 2023
Image of two people pulling on a rope in a tug of war in front of the U.S. Department of Labor building.

‘Neutral’ ESG rule draws GOP fire in court and Congress

Faegre Drinker analysts said the Biden administration’s final Department of Labor ESG rule found middle ground when it became effective on Jan. 30 but Republicans are still taking aim.

February 23, 2023
Senior man in sunglasses relaxing, laying on a bed of money.

Older Americans richer than previously thought, Census says

A new project corrected data from 2018, showing that Americans over 65 were 27.3% richer in that year than previously thought.

February 22, 2023
Image of Northwestern Mutual logo superimposed over a graph and arrows pointing upward.

Northwestern Mutual revenue reaches all-time high at $35B

Northwestern Mutual again reported annual record sales , earnings, and dividends for 2022, in a year that saw many of its peers struggle to post mediocre returns.

February 22, 2023

Helping Black Americans bridge the racial wealth gap

Helping clients create generational wealth is crucial to helping close the racial wealth gap, says one advisor passionate about educating Black clients on ways they can attain financial security.

February 22, 2023
Senior citizen passing the time.

Vanishing retirement with more workers pushing past 65, survey shows

: By 2030, a third of those over 65 expect to be working, but few are factoring in the real threats to retirement security, according to a survey from Voya and Easterseals.

February 21, 2023

9 steps toward digging out of the national debt crisis

How do we deal with the debt crisis without tanking the economy? A group of analysts shared some thoughts and a plan.

February 21, 2023
Image of dental tools sitting atop money.

Group hits MLR requirements for dental insurance plans as ‘bad policy’

Forcing dental insurance plans to adopt Medical Loss Ratio requirements similar to healthcare plans is “bad public policy’ says the National Association of Dental Plans, while the ADA fires back.

February 20, 2023
Image of red-colored cash with the graph lines and the word "Corebridge" overlaying.

Corebridge execs upbeat despite reporting $566M Q4 loss

Despite a $566 million net loss in the fourth quarter, Corebridge Financial Inc. executives are upbeat about the newly branded company’s prospects for the year.

February 20, 2023
American Equity had a high rate of surrenders in the fourth quarter.
Fixed indexed annuities are selling very well, which bodes well for American Equity.

American Equity annuity sales high, as are surrenders, in a dicey 4Q

A leading seller of fixed indexed annuities, American Equity reported fourth-quarter sales of $900 million, of which 87%, or $783 million, were in fixed index annuities.

February 17, 2023
Image of Department of Labor Building with caution tape surrounding it.

Analysts: DOL rollover ruling ‘a big deal,’ but don’t get carried away

A federal court ruling this week tossing out a portion of the Department of Labor’s advice rule governing rollovers is “a big deal,” according to a leading analyst, but it is also just one step in a very long process.

February 17, 2023

Presley beneficiary battle sets example of poor estate planning practices

The messy estate of Lisa Marie Presley, which is likely leading to a protracted legal battle, sets a tragic example of estate planning issues that can lead to stress and heartache for surviving family members.

February 16, 2023
AIG is continuing with the separation of its life and retirement business.
AIG took a revenue hit in the fourth quarter due to winter storms.

AIG balances strong underwriting with storm-related CAT losses in 4Q

American International Group celebrated plenty of success in the fourth quarter, exceeding many of the targets set in its revitalization plan, with strong sales of many products and some of its best underwriting.

February 16, 2023
Image showing the words NAIC, Privacy and National Association of Insurance Commissioners.

Strict new privacy proposal would limit how insurers could use data

A state insurance regulator group is proposing a sweeping overall of privacy rules that would significantly restrict what insurers could do with the private information of consumers.

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