INSURANCENEWSNET MAGAZINE
SPECIAL FEATURE
The need for speed — With Esfand Dinshaw
Sammons Chairman and CEO Esfand Dinshaw sees “instant” underwriting decisions as the key to increasing life insurance sales — an.. Read More
From The Field
What to include in a digital estate plan
What does this mean when it comes to estate planning and what information should we include for the loved ones we’ll leave behind?
How insurance companies can speak their customers’ language
Language barriers make it difficult for people with limited English proficiency to file claims.
Strategic philanthropy: A look at charitable lead annuity trusts
The CLAT provides a structured framework to craft a narrative of purposeful philanthropy.
LIFE INSURANCE NEWS
$80M verdict for 3 workers fired for taking ‘off the record’ time off in California
Three former workers in a Northern California office of the Zurich American Insurance Co. who were fired after taking“ off-the-record” paid time off were awarded more than $80 million in damages by a Sacramento jury Thursday, Sacramento attorney Lawrance Bohm announced. The case stemmed from a lawsuit originally filed in 2018 that went to trial after Zurich…
ADVISOR NEWS
Understanding IRA Required Minimum Distributions
In 2019, IRAs represented one-third of total U.S. retirement assets, providing an important income source for retirees.1 But, just as you formed a strategy and adhered to rules for investing in your IRA, you must also understand when and how to take your required minimum distributions. You are permitted to delay the first distribution until April 1 of the year…
- American women report economic stress, worry about future health care costs and retirement
- Trade groups express concern about regulatory process on DOL fiduciary rule
- 7 in 10 preretirees say ‘no way’ they can retire at age 65
- Women share their challenges in the financial services industry
- Working backward to move forward: Debt management strategies
Annuity News
How much of the $1.33 billion Powerball jackpot is left after taxes?
TAMPA, Fla.— Sunday morning, Powerball announced that the estimated $1.33 billion jackpot had been won by a lucky tickethold.. Read More
Industry fears impending DOL action will target pension transfer market
There is concern in the life insurance industry that a forthcoming Department of Labor report could target group annuity contrac.. Read More
New product: Guardian Life moves to crack the RILA market
Guardian Life Insurance Co. is taking its shot at one of the hottest annuity segments in the market with its first registered in.. Read More
Fiduciary
OMB completes review of Labor Department’s polarizing fiduciary rule
The White House Office of Management and Budget announced that it has concluded a review of the Department of Labor’s controvers.. Read More
Insurance & Financial Fraud
Texas man who claimed to be concert promoter for Beyonce, other artists charged with fraud
A man who claimed to be a concert promoter for music artists such as Beyonce and Nicki Minaj has been charged with fraud, U.S. A.. Read More
Insurance agent faces fraud charges
A Monroeville insurance agent is accused of taking $60,000 from customers by offering services that didn't exist, accor.. Read More
Alabama city councilman indicted on 4 more insurance fraud charges
MOBILE COUNTY, Ala.— A Prichard City Councilman has been indicted on four insurance fraud charges, according to the Mobile Count.. Read More
Texas families could lose at-home nursing under stricter Medicaid rule
JaReen Williams adjusts an iPad for her 16-year-old daughter, Lydia, so she can watch one of her comfort shows "Charlie Bro.. Read More
Insurers at risk: three companies on the brink
Due to numerous irregularities detected by the National Superintendence of Insurance and, after several millionaire sanctions fr.. Read More
Atlanta residents have a retirement ‘magic number’; many are far from it
Atlanta residents have a“ magic number” in mind when planning for their retirements, but many are having a tough time saving up... Read More
Property and Casualty News
Why do so many Minnesota homeowners get free roofs after a hailstorm?
As soon as summer hail storms pass, roofing contractors arrive in Erik Neu's Woodbury neighborhood. After living in Indiana.. Read More
Drivers billed thousands of dollars for tows under a mile, cops say. Tow operator charged
Vincent G. Fannick, 56, was charged on April 18 with“ 27 counts each of insurance fraud, theft by deception, theft by unlawful t.. Read More
California insurers give discounts for wildfire mitigation. Have homeowners benefited?
Take Farmers, which was California’ s second largest home insurer in 2022, the most recent year available, according to the Depa.. Read More
Health/Employee Benefits News
Catherine Rampell: The Great Medicaid Purge was even worse than expected
This week marks one year since the Great Medicaid Purge began. Early during the pandemic, in exchange for additional funds, Cong.. Read More
More people in Oregon buy private health insurance plans as thousands lose Medicaid coverage
The number of people buying private health insurance policies on the federal marketplace rose slightly this year in Oregon as th.. Read More
Prudential introduces workforce benefits that support mental health and growing families
Prudential has introduced new voluntary workplace insurance offerings that help support family building and mental health, inclu.. Read More