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
State genetic information bans not necessary, life insurance lobbyists say
A 2020 Florida law banning life insurers from using genetic information prompted industry trade groups to educate lawmakers on how life insurance works.
- 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
- Fitch monitoring Globe Life following short seller’s allegations
- Woman’s Life Insurance Society to merge with Trusted Fraternal Life
ADVISOR NEWS
Goldman Sachs revamps Fed interest-rate bets for 2024 after surprises
A strong economy and higher inflation numbers so far this year have surprised investors, leading them to push back expectations for Federal Reserve interest rate cuts. Interest-rate futures positions indicate the Fed won't act until July or September, according to the CME FedWatch tool. David Solomon, CEO of vaunted investment bank Goldman Sachs.
- 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
- Will the Federal Reserve still cut rates this year?
- What to do about Medicare and Social Security when you move
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
The fate of emergency abortion care rests with the Supreme Court
It also meant that Memorial Regional, flagship of a public health system, had violated a federal law requiring hospitals to prov.. Read More
'A well mounted fraud', say investors of Grupo Peak, which declared 'bankruptcy'.
According to versions of former employees, the financial group, which described itself as a diversified investment portfolio wit.. Read More
'A little bit of blood': Mississippi tech company settles welfare scandal suit
Lobaki is one of the first defendants in Mississippi's civil suit against dozens of alleged welfare fraudsters to exit the .. Read More
Property and Casualty News
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
Surging auto insurance rates squeeze drivers, fuel inflation
—Relentlessly rising auto insurance rates are squeezing car owners and stoking inflation. Auto insurance rates rose 2.6% in Marc.. Read More
Florida small businesses prepare for an "extremely active" hurricane season
If you're an insurance producer or small business owner in Florida, or anywhere along the Gulf or Atlantic coast, you can g.. Read More
Health/Employee Benefits News
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
Doctors and patients loathe ‘step therapy’ rules, but insurers say they’re necessary
Kim Albin has lost count of the number of times she’ s had to battle health insurance companies over medications. Albin, who has.. Read More
The high cost of millions of Texans losing health insurance coverage
Apr. 24— Since the expiration of COVID-19-related provisions requiring states to keep residents enrolled in Medicaid, an estimat.. Read More