Regulators deny life insurance industry's request to lower capital, surplus standards
Insurance regulators have denied a request from the life insurance industry to relax capital and surplus requirements. The National Association of Insurance Commissioners reached the...
Smoke and Mirrors?
The September turbulence surrounding the bailout of AIG has added to an ongoing debate: whether the Treasury Blueprint's plans for an Optional Federal Charter (OFC)...
While the American Council of Life Insurers (ACLI) and the American Insurance Association (AIA) are calling for a federal Office of Insurance Information, the National...
The Cobbler's Shoes
On Friday, June 13, Tim Russert, NBC News' Washington bureau chief and the moderator of "Meet the Press," died after suffering a heart attack. He...
Careful What You Wish For
Last month we talked with Sandy Praeger, president of the National Association of Insurance Commissioners (NAIC) about changes suggested for the insurance industry within the...
Help for the overly conservative retiree
AARP and the American Council of Life Insurers recently released a survey of 800 retirees between the ages 60 and 75 with investable assets of...
Opportunity of a Lifetime
Here's a wake-up jolt: The last generation of retirees couldn't manage to maintain their lifestyles beyond average life expectancy. With the right new approaches, though,...
DOL Shuns Stable Value as Default 401(k) Option
The Department of Labor (DOL) has decided to ban stable value funds as default options in 401(k) plans. The decision is a blow for the insurance industry, which lobbied Congress and the DOL to include stable value among qualified default investment alternatives (QDIAs).
Paying for LTC with Pre-tax Dollars
A bill was introduced just before Congress's summer recess that would amend the Internal Revenue Code to allow long-term care insurance to be paid for with pre-tax dollars. Under "The Long-Term Care Affordability and Security Act" (H.R. 3363), which was introduced by Reps. Earl Pomeroy (D-ND), Jim Ramstad (R-MN), Allyson...
ACLI Responds To New York Times On Long-Term Care Insurance
American Council of Life Insurers President and CEO Frank Keating made the following statement in response to the March 26 New York Times article "Aged,...