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Insurance CEOs leaning into AI, M&As, survey finds

September 30, 2024 Top Stories No comments.
Photo illustration of an insurance executive standing next to a robot. Insurance-CEOs-leaning-into-AI-MAs-survey-finds.

Insurance carrier CEOs are more energized about AI and M&As than their counterparts in other industries, a recent KPMG survey finds.

Read more
September 27, 2024
Image shows a man filling out a form with the MetLife logo in front.
An appeals panel sided with MetLife in a class-action lawsuit over long-term care rates.

MetLife vindicated in class-action lawsuit over LTC rate hikes

A federal appeals court declined to reinstate a class-action lawsuit Friday over long-term care insurance rate hikes by MetLife.

September 26, 2024
Image of a hurricane taken from outer space, with the number "$425.9B" overlaying the image. Commercial-properties-worth-425.9B-in-Hurricane-Helenes-path.

Moody’s: Commercial properties worth $425.9B in Hurricane Helene’s path

Approximately 161,849 commercial properties with a total estimated value of $425.9 billion are in the direct path of Hurricane Helene, according to Moodys.

September 26, 2024
Image shows a man in a trenchcoat and fedora and the word "Annuity."
State insurance regulators are concerned about "deficiencies" in producer monitoring.

Regulators issue draft guidance to test compliance with annuity rules

A state regulator group is circulating draft guidance on compliance expectations for its best interest standard for annuity sales.

September 26, 2024
Photo illustration of a young man easily jumping over a hurdle labeled "LTC". Navigating-the-Hurdles-A-guide-to-selling-LTC-insurance,

Navigating the Hurdles: A guide to selling LTC insurance

There are many challenges in selling long-term-care insurance. So, what does it take to rev up sales of this much-needed product?

September 25, 2024
Image shows the Security Benefit logo against a court backdrop.
A lawsuit against a Security Benefit annuity is nearly five years old.

‘The court is troubled’: Judge tells Security Benefit, plaintiffs to work faster

It’s been nearly five years since plaintiffs sued Security Benefit Life Insurance Co. over the performance of a proprietary index and companion fixed indexed annuity.

September 24, 2024
Image shows an American flag in the background with a dollar symbol in a ballot box.
Insurers are getting involved in the election via political donations.

Insurers, trade groups seek influence via donations in divisive election

The insurance industry donated more than $60 million during the current 2023-24 election cycle, according to Open Secrets, a nonprofit organization tracking campaign finance and lobbying.

September 23, 2024
Image shows an upside down Greg Lindberg and money floating around
A $1.5 million forfeiture ruling went against Greg Lindberg Monday.

Judge grants government $1.5M forfeiture from Greg Lindberg

A federal judge granted the government forfeiture of nearly $1.5 million in funds previously seized from disgraced financier Greg Lindberg after his bribery conviction.

September 23, 2024
Illustration of a wealthy looking individual looking concerned as financial forms and papers swirl around him. Are-all-millionaires-confident-in-their-financial-plans.

Are all millionaires confident in their financial plans?

While nearly half of millionaires surveyed believe their financial plans need improvement, those with financial advisor feel more confident.

September 23, 2024
Image shows the Texas flag and the Department of Labor logo.
The government is appealing a stay of its Retirement Security Rule.

DOL appeals Texas court decision freezing its new fiduciary rule

Department of Justice attorneys filed an appeal Friday in Texas federal court, seeking to overturn a stay of its Retirement Security Rule.

September 23, 2024
Image shows the 777 Partners logo and a man in the darkness.
777 Partners says a former IT worker stole company information.

777 Partners lawsuit: former IT employee stole laptops for lender

777 Partners, the high-profile investment firm at the center of a swirling controversy over missing funds, hit back with its own lawsuit last week.

September 20, 2024
Photo illustration of Greg Lindberg against a backdrop of the Dutch flag and standing in front of a pile of cash. Greg-Lindberg-appeals-166-million-judgment-in-favor-of-Dutch-insurer.

Greg Lindberg appeals judgment awarding $166M to Dutch insurer

Troubled financier Greg Lindberg is appealing a $166 million award to a Dutch insurer in a dispute over solvency capital ratios.

September 20, 2024
Illustration of woman talking to a man with a speech bubble that says: "$$." Women-and-money---know-the-right-language.

Women and money: Learning the right language

Working with women is one of the biggest opportunities financial professionals have today. But they must understand how women view money and know the right language to be a trusted advisor to them.

September 19, 2024
Photo illustration of a consumer considering an in-plan retirement solution against a back drop of $100 bills. Are-consumers-receptive-to-an-in-plan,-retirement-income-solution.

Are consumers receptive to an in-plan, retirement-income solution?

New research reveals how consumer feel about retirement income solutions offered within an employer-sponsored retirement plan.

September 18, 2024
Image shows the a building the 0/0
The Federal Reserve is content enough with inflation to cut interest rates.

Insurance experts see good news after Fed cuts rates by a half-point

The Federal Reserve stunned economists today by slashing its benchmark interest rate by a whopping half-point.

September 18, 2024
Photo illustration of a group of Gen Z age people anxiously discussing insurance. Gen-Z-feels-overwhelmed-and-anxious-about-insurance.

Gen Z feels ‘overwhelmed’ and ‘anxious’ about insurance

Generation Z is the newest generation to reach adulthood and the thought of dealing with insurance makes them overwhelmed and anxious.

September 17, 2024
Photo illustration of an American Bald Eagle in front of the Social Security Administration building. How-much-do-Americans-really-know-about-Social-Security.

How much do Americans really know about Social Security?

More than half of Americans surveyed said that they do not know much about Social Security or how it will fit into their retirement plan.

September 16, 2024
Illustration of a automobile with all of it's computer circuitry displayed. AI-potential-vs-risks-What-PC-insurers-are-doing.

AI potential vs. risks: What P/C insurers are doing

Artificial intelligence is poised to transform the insurance landscape, but the path forward remains uncertain.

September 13, 2024
Photo illustration showing a persons head surrounded by biometric data, wht the state seal of Illinois overlaying the image. Illinois-biometric-law-amendment-brings-relief-to-carriers.

Illinois biometric law amendment brings relief to carriers

A recent amendment to the Biometric Information Privacy Act in Illinois could help insurance carriers avoid heavy damages.

September 13, 2024
Image shows the words, "Tax Policy."
Senators waded into the coming tax debate today with a Finance Committee hearing.

Senators debate Trump tax cuts: growth fuel or just a payoff to the rich?

The Senate Finance Committee hearing Thursday drilled down on the coming battle over whether to renew the tax cuts passed in 2017.

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