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
The definition of insurance and why it matters for captives
The IRS declines to adhere to a coherent definition of insurance and leverages byzantine case law against taxpayers in an arbitrary and capricious manner.
Best practices for identifying compliance risks
Compliance incident management involves identifying, evaluating and mitigating incidents that might constitute breaches of laws, regulations or company policies.
Help parents of special-needs children plan for their financial future
Parents of a child with special needs are haunted by one question: “Who will take care of my child when I’m gone?”
LIFE INSURANCE NEWS
Pacific Life brings new indexed universal life product to market
Pacific Life Insurance Co. is out with a new flagship indexed universal life insurance product.
- State genetic information bans not necessary, life insurance lobbyists say
- MassMutual partnership with Insurify enables advisors to help clients comparison shop for P/C
- $80M verdict for 3 workers fired for taking ‘off the record’ time off in California
- NY lawsuit over premium financing tests oversight promised by Reg 187
- Fitch monitoring Globe Life following short seller’s allegations
ADVISOR NEWS
Retirement confidence hasn’t rebounded from 2023
A new report published from the 34th annual Retirement Confidence Survey finds workers’ and retirees’ confidence has not yet fully recovered from the significant drop seen in 2023, but majorities remain optimistic about their retirement prospects and the lifestyle they envisioned.
- Goldman Sachs revamps Fed interest-rate bets for 2024 after surprises
- Veteran fund manager updates outlook for stocks after correction
- Wife of Par Funding founder pleads guilty to hiding millions in tax fraud case
- Savvy Senior: Healthy travel tips for older travelers
- Will the Federal Reserve still cut rates this year?
Annuity News
Nationwide's annuity president announces retirement
Nationwide Mutual Insurance issued the following news:. After a nearly four-decade transformative career at Nationwide, Eric Hen.. Read More
Strategic philanthropy: A look at charitable lead annuity trusts
The CLAT provides a structured framework to craft a narrative of purposeful philanthropy. Read More
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
Fiduciary
Fiduciary rule to take effect Sept. 23, setting stage for major changes, legal battle
Department of Labor officials ushered in what is sure to be a fierce, and lengthy, legal battle today with a preview of its long.. Read More
Insurance & Financial Fraud
Santa Fe's 'mini-Madoff' to serve four years in federal prison on fraud charges
Apr. 23— ALBUQUERQUE— An unregistered Santa Fe investment adviser dubbed a "mini-Madoff" by his victims was sentenced .. Read More
Former HGTV star gets jail time for real estate fraud
--Charles "Todd" Hill, who starred on the HGTV show "Flip It to Win It," was sentenced to jail in California.. Read More
Richfield construction subcontractor sentenced for insurance fraud
Fabian Espinosa, owner of Richfield- based Fabian Espinosa Construction LLC, was originally charged in Hennepin County District .. Read More
The fate of emergency abortion care rests with the Supreme Court
It also meant that Memorial Regional, flagship of a public health system, had violated a federal law requiring hospitals to prov.. Read More
'A well mounted fraud', say investors of Grupo Peak, which declared 'bankruptcy'.
According to versions of former employees, the financial group, which described itself as a diversified investment portfolio wit.. Read More
'A little bit of blood': Mississippi tech company settles welfare scandal suit
Lobaki is one of the first defendants in Mississippi's civil suit against dozens of alleged welfare fraudsters to exit the .. Read More
Property and Casualty News
Major insurer vows increase in California home policies if risk estimation rules change
Gerald Zimmerman, a government relations representative at Allstate, shared a bold claim during a public hearing Tuesday: If the.. Read More
Surging auto insurance rates squeeze drivers, fuel inflation
—Relentlessly rising auto insurance rates are squeezing car owners and stoking inflation. Auto insurance rates rose 2.6% in Marc.. Read More
Florida small businesses prepare for an "extremely active" hurricane season
If you're an insurance producer or small business owner in Florida, or anywhere along the Gulf or Atlantic coast, you can g.. Read More
Health/Employee Benefits News
Kaine, Warner urge coverage of IVF treatment
Tim Kaine and Mark Warner, both Virginia Democrats, joined lawmakers from the House and Senate to urge the Office of Personnel M.. Read More
Her grandfather helped bring Medicaid to Mississippi 55 years ago. Today, she's pushing for expansion.
Supporters of Medicaid expansion would argue that it is wholly appropriate that Leah Hendrix has recently been a featured speake.. Read More
Doctors and patients loathe ‘step therapy’ rules, but insurers say they’re necessary
Kim Albin has lost count of the number of times she’ s had to battle health insurance companies over medications. Albin, who has.. Read More