INSURANCENEWSNET MAGAZINE
In this issue..
- IUL illustrations: That was then; this is now
- Standing on the shoulders of giants — With Bryan Simms
- A man on a mission — With Foresters Financial’s Matt Berman
- Saving for college can impact your clients’ retirement
- 5 growth opportunities for the life insurance industry
SPECIAL FEATURE
A man on a mission — With Foresters Financial’s Matt Berman
Matt Berman says he’s in a unique position as president and CEO of Foresters Financial, a 150-year-old fraternal organization wi.. Read More
From The Field
Ensuring compliance for PDF provider directories
Current laws mandate that customer communications for health care companies be accessible for people with disabilities.
Safeguard staff to safeguard the organization from hackers
More insurers are taking proactive steps to combat would-be scammers and thieves.
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.
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.
- Term vs. Perm: Which is right for your clients?
- 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
ADVISOR NEWS
Inflation is still the top financial challenge for many Americans
Although inflation is down significantly from its four-decade high in 2022, it is still the leading financial challenge for many Americans.
Annuity News
Revol One Financial retools with new annuity products, big goals
The new regime at Revol One Financial say they have a strategy to compete against big-time life insurers: speed and customer ser.. Read More
Fiduciary
‘Major changes’ required of producers under DOL fiduciary rule: analyst
It will require "major changes" from insurers on down for independent producers to get into compliance with the Department of La.. Read More
Insurance & Financial Fraud
Fraud investigator for NYC Dept. of Homeless Services charged with COVID fraud
Brooklyn resident Olabanji Otufale, 41, abused his position by accessing names, dates of birth, Social Security numbers and phot.. Read More
Beavercreek insurance agent accused of defrauding clients out of $235,000
May 1— A Beavercreek insurance agent is facing dozens of charges after she reportedly convinced clients to invest at least $.. Read More
Utah gave $40M in tax breaks to a solar company accused of fraud.
The Utah Investigative Journalism Project. "I guess you could call me a tree hugger," said Washington state resident .. Read More
How far does the power of interest rates go in the fight against inflation in the US?
The string of higher than expected inflation figures in the United States has rattled the markets, and investors have been const.. Read More
Consumers see higher auto payments in exchange for better borrowing rates
Higher interest rates have dimmed the appeal of longer-term loans even for borrowers with good credit, according to a recent Exp.. Read More
Calumet City man sentenced to 4 years for bank fraud
A Calumet City man was sentenced to 4 years in prison and 2 years probation after pleading guilty to defrauding banks of more th.. Read More
Property and Casualty News
DeSantis expands program helping Floridians shore up their homes against hurricanes
REDINGTON SHORES, Fla.-- Florida Gov. Ron DeSantis held a news conference in Redington Shores on Wednesday, where he signed a bi.. Read More
Woman injured in stolen-car crash wins $726,000 from insurer, lawyer says
May 2— NEW BRITAIN— A woman who was injured when a stolen car crashed into her car while she was stopped at a New Britain inters.. Read More
‘Hurricane Season from Hell’ could drive up insurance costs on vulnerable coastline
The U.S. could see five to eight hurricane impacts, three to five of those major, according to the forecasting service WeatherBE.. Read More
Health/Employee Benefits News
Biden administration says 100,000 new migrants expected to enroll in Obamacare next year
—Roughly 100,000 immigrants who were brought to the U.S. as children are expected to enroll in the Affordable Care Act's he.. Read More
Over 10,000 Premera-insured patients in Spokane at risk of losing in-network care
May 2— Thousands of patients in Spokane are at risk of losing access to their MultiCare primary physician if they are covered by.. Read More
Medicare and retirement planning
Budgeting for health care coverage is something we have to do– or should do if we don't. As we get older, and closer to ret.. Read More