INSURANCENEWSNET MAGAZINE
SPECIAL FEATURE
The need for speed — With Sammons CEO 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.
- 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
Trump's potential plan for Fed raises alarms
Former President Trump's potential plan to exert more influence over the Federal Reserve is alarming experts and investors. Even so, experts say Trump's attempts could seriously harm the U.S. and its role as the center of the financial world. "If it becomes clear that there's going to be a Fed chair that answers to the president, I would expect a dramatic reaction…
- Business owners have new choices in retirement plans
- Thought the Fed would give us an interest-rate break in '24? Think again
- Retirement confidence hasn’t rebounded from 2023
- Goldman Sachs revamps Fed interest-rate bets for 2024 after surprises
- Veteran fund manager updates outlook for stocks after correction
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
Former Army financial counselor guilty of ripping off Gold Star families
Caz Craffy, former financial adviser in the Army, pleaded guilty last week to scamming grieving Gold Star families out of millio.. Read More
Why has my Medicare prescription drug premium increased?
Recently, I received a letter from Social Security telling me that my monthly Medicare Part B premium of $174.70 would doubl.. Read More
One year later, no answers on inquiry into alleged fraud at Stockton Unified
The arrest of Stockton Unified Trustee AngelAnn Flores reignited demands for information about the progress of the investigation.. Read More
Two former loan officers at NJ Lenders Corp. charged for role in mortgage fraud
Both of the loan officers appeared before Newark's federal court and were released on $200,000 bond each. Read More
Property and Casualty News
Citizens Insurance’s letters broil frustrated customer in a ‘depopulation’ stew
How badly does state-owned Citizens Property Insurance Corp. want to depopulate? State officials make no secret of the fact they.. Read More
Some Hawaii residents pursue member-owned insurance cooperative
When the last major home insurer announced last year that it would be leaving the Hawaii market by August of this year, homeowne.. Read More
Wildfire-preparedness workshop tackles difficulties insuring New Mexico homes
"We're primed to burn; we've been primed to burn for a long, long time," said Schaum, owner of the Santa Fe.. Read More
Health/Employee Benefits News
Mississippi Medicaid expansion could include some Arkansas-style policy, but hurdles remain
Mississippi could be next, where an expansion measure continues to advance in the state Legislature— with a plan perhaps partly .. Read More
Health plan costs to rise for some Virginia state workers
Some Virginia state employees will pay more for health insurance beginning July 1, following the state's latest review and .. Read More
Analysts revisit Humana stock price targets amid Medicare Advantage hit
Related: U.S. growth slowdown, with inflation spike, raises early stagflation risks. Earlier this month, shares of Humana, Unite.. Read More