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.
- 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
Thought the Fed would give us an interest-rate break in '24? Think again
Everybody, including the Federal Reserve, is caught in a bind. The Fed's key rate is the federal funds rate, which has been at 5.25% to 5% since July 2023. That was the lesson contained in the first-quarter Gross Domestic Product report economic report released Thursday by the Commerce Department.
- 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
- Wife of Par Funding founder pleads guilty to hiding millions in tax fraud case
- Savvy Senior: Healthy travel tips for older travelers
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
Noncompete agreements would be banned under FTC rule; legal challenges likely
WASHINGTON- The Federal Trade Commission on Tuesday voted to ban employees from enforcing noncompete agreements, which bar worke.. Read More
Northern Kentucky doctors appeal after prison sentences handed down for health care fraud
Their convictions stem from a scheme to bill health insurers for “medically unnecessary” drug testing for patients receiving opi.. Read More
Breaking ground on accountability: It’s time to address NJ construction tax fraud
As taxpayers, we shouldn’t be supporting businesses that cheat their workers and dodge their taxes. New Jersey must address cons.. Read More
Property and Casualty News
California bill could change how companies insure, renew policies
Josh Becker, a Democrat who represents the Menlo Park area, said during a hearing that the proposal will help evaluate if work b.. Read More
Florida insurance rates stabilizing, but homeowners still feeling pain
Lawsuits against property insurers declined by more than 20% in the first quarter of 2024 compared to the previous quarter, and .. Read More
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
Health/Employee Benefits News
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
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