INSURANCENEWSNET MAGAZINE
In this issue..
- Advising Women Through the Seasons of Their Lives
- ‘Unretiring’ CEO leads F&G to growth — With Chris Blunt
- Everyone has a money story: Win Havir tells the story that inspires her
- The OCEAN factors that contribute to successful personality traits
- Social Security planning is crucial to preparing clients for retirement
SPECIAL FEATURE
‘Unretiring’ CEO leads F&G to growth — With Chris Blunt
IUL — which F&G president and CEO Chris Blunt describes as “the Swiss Army knife” of life products — and annuities helped F&G ha.. Read More
From The Field
Estate planning and life insurance for the 99%
Estate planning and life insurance are not just for the ultra-wealthy.
Driving into the future: Navigating the evolution of auto insurance
Auto insurance is about to undergo a major transformation as artificial intelligence reshapes consumers’ relationship with their coverage.
Let’s help jumpstart educators’ financial strategies
Educators across the nation are focusing on the second half of the school year, and it’s a good time for financial professionals to find ways to help these educators build a sound retirement strategy.
LIFE INSURANCE NEWS
One-third of consumers unaware of life insurance tax benefits, says study
Nearly a third of Americans do not realize that they can save on taxes through life insurance, according to a new study.
- Life insurance premium growth sets another record in 2023, LIMRA finds
- Indexed life sales break records in fourth quarter, Wink reports
- ACLI’s Susan Neely retiring from association leadership
- Western & Southern announces record 2023 financial results
- Underwriters must guard against bias and discrimination, speaker says
ADVISOR NEWS
Column: Important moves to consider when interest rates change
A domino effect occurs each time the Federal Reserve changes interest rates. An increase leads to higher rates for consumers when they borrow, while paving the way to better returns for savings accounts. A decrease results in paying less interest when borrowing money, but also causes a drop in how much your savings can earn.
- This Week: Housing starts, Fed policy update and existing US home sales
- Editorial: Crypto’s improbable comeback is cause for cheer — and prudence
- Helping professional women grow and protect their wealth
- Women redefine financial advising as both leaders and clients
- My Social Security: It s not just for retirees
Annuity News
Athene takes over as annuity sales leader with 72% growth in 2023
Athene Annuity and Life stormed to the top of the annuity sales charts with a 72% year-over-year growth in 2023 sales, LIMRA rep.. Read More
Fiduciary
DOL fiduciary rule would bring ‘massive change’ to industry, analyst says
While the Department of Labor fiduciary rule proposal might be a long ways from becoming settled law, it brings the potential fo.. Read More
Insurance & Financial Fraud
San Jose insurance agent charged with ‘good student’ discount fraud
SANTA CLARA COUNTY– A former auto insurance agent has been charged with submitting fraudulent documents to obtain lower rates fo.. Read More
Embattled Belleville strip mall owner faces criminal securities fraud charge in New York
Now, Jonathan Moynahan Larmore, who owned a major section of Belleville Crossing shopping center at Illinois 15 and Frank Scott .. Read More
Buxton man sentenced for crop insurance violation
Mar. 14— GRAND FORKS— A Buxton, North Dakota, man was sentenced to one year of supervised probation for concealing a material fa.. Read More
The United Steelworkers’ long history of influencing Wall Street mergers
When President Biden spoke out Thursday against Japan-based Nippon Steel's planned $14.9 billion acquisition of U.S. St.. Read More
Student loan payments hinder retirement savings – Here's how employers are helping
Americans with student loan payments contribute at a lower rate and have smaller overall balances in their 401 accounts than tho.. Read More
JPMorgan Chase fined $348.2M over gaps in trade data reporting
The Office of the Comptroller of the Currency fined JPMorgan Chase $250 million Thursday, and the Federal Reserve added a .. Read More
Property and Casualty News
As storm season arrives, make sure you are not underinsured
from the Kansas Department of Insurance, Commissioner Vicki Schmidt. Many across Kansas have made plans for the arrival of storm.. Read More
‘Kia Challenge’ is still impacting Macon-Bibb. Thefts of Kia, Hyundai cars increasing
Mar. 17— A nationwide TikTok trend that triggered a spike in stolen Hyundai and Kia vehicles two years ago remains a problem for.. Read More
Lara unveils plan for home insurers to base California rate hikes on CAT models
In an effort to staunch the exodus of home insurers fleeing the state, California Insurance Commissioner Ricardo Lara on Thursda.. Read More
Health/Employee Benefits News
Highmark posts $533M profit in 2023, reversing dismal performance in 2022
After losing money in 2022, Pittsburgh's Highmark Health rebounded last year. The health insurance giant posted net income .. Read More
MetLife survey shows workers expect employers to care about their lives in and out of work
Released today, MetLife’s 22nd Annual U.S. Employee Benefit Trends Study finds employees are now more likely to experience negat.. Read More
Saving a life with a kidney? NC laws offer slim protection for living organ donors
In North Carolina, giving them a lifesaving organ such as a kidney or part of a liver can prove much more of a challenge. The st.. Read More