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
KKR’s Henry McVey: Insurance CIOs to increase allocations to non-traditional assets
KKR, a leading global investment firm, today released“ No Turning Back,” a new Insights piece by Henry McVey, CIO of KKR’ s Balance Sheet and Head of Global Macro and Asset Allocation. Based on a proprietary survey of nearly 50 Chief Investment Officers who collectively oversee over more than $8 trillion dollars in assets, the report examines how leading insurance…
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
‘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
AIG violated unfair practices, but cleared of acting in bad faith
A Florida jury has cleared AIG of acting in bad faith, but awarded an unspecified amount of compensatory damages in storm damage.. Read More
He ran one of the most 'brazen and egregious' health care frauds in RI. Now he's going to prison.
Michael Brier was accused running "drive-by" treatment centers and then falsely billing insurers. Read More
MassHealth cuts 358,000 from rolls since April 2023 Overall caseload remains higher than it was before COVID-19
The caseload for the state’ s combination of Medicaid and Children’ s Health Insurance Program fell to about 2.04 million people.. Read More
Biden plan to reduce Medicaid appointment wait times faces pushback
The Biden administration wants to make sure Medicaid enrollees don't have to wait too long to see a doctor, but state offic.. Read More
Property and Casualty News
Growing wildfire risk leaves Idaho trying to keep property insurers from fleeing
“I think most of the insurers, you know, I’ m very grateful that they’ re committed to the Hawaii market, so we haven’ t seen wh.. Read More
Investors are suing one of the 12 failed home insurers in Louisiana. See why.
Now, the people who poured more than $60 million into the company just before it went belly-up are suing the firm and its ex.. Read More
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
Health/Employee Benefits News
NC health plan discriminates against transgender workers, federal court rules
The 4th Circuit U.S. Court of Appeals sided with the workers on Monday, finding that the exclusion violated the Equal Protection.. Read More
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