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
Video: The ‘excess mortality’ phenomenon: What does the future hold?
During the pandemic, mortality rates rose. When the pandemic wound down, mortality rates didn't return to pre-pandemic levels. W.. 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
What will the DOL rule mean for advisors?
The main thing, an attorney said, is that almost everyone will become a fiduciary and must satisfy a prohibited transaction exemption.
- Pacific Life brings new indexed universal life product to market
- 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
ADVISOR NEWS
Money dates help couples to navigate their finances
Reviewing your bank statements and retirement account balances might not sound romantic, but the purpose of a money date transcends these tasks. These regular meetups build trust and intimacy, saysBariTessler, a financial therapist and author of "TheArt ofMoney." Money dates allowyou and your partner to understand each other’ s financial perspectives,…
- Jill On Money: What's your retirement number?
- Miami mayor subpoenaed to testify in SEC’s case against developer who paid him
- Inflation is still the top financial challenge for many Americans
- Shark Tank brand goes viral for all the wrong reasons
- A red-hot job market that’s defied Fed rate hikes is cooling (finally)
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
Trade group files first lawsuit against the DOL fiduciary rule
The Federation of Americans for Consumer Choice filed a lawsuit in a Texas federal court Thursday to stop the Department of Labo.. Read More
Insurance & Financial Fraud
Woman pleads guilty, forfeits local properties in $150 million fraud case
Lijuan Chen, who has been in federal custody since May 2023, pleaded guilty to one count of conspiracy to defraud the United Sta.. Read More
Delta Junction man sentenced in 'bud and breakfast' fraud scheme
A Delta Junction man was sentenced to serve two years in prison and to pay $580,000 in restitution for defrauding more than .. Read More
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
Medicare fund's outlook improves on stronger economy, but long-term challenges persist
Once the program's reserves are depleted, it would only be able to cover 89 percent of scheduled benefits, according to the.. Read More
New span may open by fall '28 Could cost up to $1.9B, official says
Maryland transportation officials said Thursday that they expect to replace the Francis Scott Key Bridge with a new span in just.. Read More
Central Florida lawmakers say Special Session must address homeowners insurance
As chatter persists that a Special Session will be called within weeks, Central Florida lawmakers say it must address insurance... Read More
Property and Casualty News
One of California’s largest home insurance companies is raising rates by 15%
Travelers Insurance, the state "s sixth-largest home insurer as of 2022, plans to update rates for roughly 320,320 homeowne.. Read More
Crop insurance has evolved with changing needs
"The Crop Insurance Reform Act of 1994 came on the heals of the extreme flooding and excess moisture conditions of 1993,&q.. Read More
Small insurers are growing in Louisiana. Will more go insolvent after the next big storm?
The dozen insurers that failed after two busy hurricane seasons left hundreds of thousands of Louisiana homeowners scrambling fo.. Read More
Health/Employee Benefits News
Study: Montana has largest drop in childhood Medicaid coverage
The study, authored by researchers at the Center for Children and Families at Georgetown University, finds that childhood Medica.. Read More
New rules expand access to health care for DACA recipients
Last week, President Joe Biden's administration finalized a rule, through the Centers for Medicare& Medicaid Services, whic.. Read More
Fred L. Goldenberg: Medicare 2025 starting to bloom
May 5— Over the last few weeks, I've been involved in several meetings, both in-person and online, regarding anticipated ch.. Read More