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
Fitch monitoring Globe Life following short seller’s allegations
Fitch Ratings continues to monitor the impact to Globe Life’s financial and operational performance following last week’s short seller report that included allegations of insurance fraud and misconduct that led to a material decline in the company’s share price.
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
Iowa advisor schemed to defraud clients, making FBI Most Wanted list
An advisor wanted for allegedly ripping off clients for $1.5 million was captured by the FBI last week after a short time on the.. Read More
Aetna sued by group of western PA hospitals
A consortium of eight Western Pennsylvania hospitals and more than 400 doctors who collaborate in improving care and holding dow.. Read More
Ex-Army man admits to swindling nearly $10M from Gold Star families
Caz Craffy, 41, a onetime financial advisor in the U.S. Army from New Jersey, has pleaded guilty to swindling grieving Gold Star.. Read More
‘Provider burden’ bill pits health care providers against insurance companies
The overwhelming burden of time, effort and paperwork needed to make sure insurers will cover procedures and medication for pati.. Read More
Property and Casualty News
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
70% of Florida homeowners have seen rise in insurance costs or changes in coverage
Nearly three-quarters (70.3%) of Florida homeowners and over half (51%) of California homeowners say they or the area they live .. Read More
California spent $3.7B reducing wildfire fuel
Insurers in California have sounded the alarm: A warming climate has dramatically raised the risk of devastating wildfires, and .. Read More
Health/Employee Benefits News
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
False offers of cash subsidies used to ‘capture’ health insurance customers, lawsuit alleges
A health insurance operation used internet ads that falsely promised cash subsidies to sign up clients across the country and re.. Read More
Juno introduces first-ever child disability insurance in the U.S.
New insurance category provides working parents with long-term financial support if their child becomes severely ill, injured, o.. Read More