NY, NJ and Conn.: No Hurricane Deductibles After Sandy
New York, New Jersey and Connecticut officials say Sandy was a post-tropical cyclone at the time of landfall, and therefore insurers will not be permitted to apply hurricane deductibles.
Top 5 Annuity Trends to Watch in 2012 and 2013
As the annuity industry deals with unprecedented challenges, advisors must keep abreast of product changes to help their clients make prudent decisions.
Too Much of a Good Thing?
In mid-July, John Ryan of Ryan Insurance Strategy Consultants in Greenwood Village, Colo., advised clients that extensive changes were coming for Genworth’s long-term care insurance product line and for its underwriting.
New Hire Roundup: Benartzi to Serve as Achaean Academic Advisor
This week in new hires, Achaean Financial announced that Professor Shlomo Benartzi would become its first academic advisor, and Michele Wein Layne was named regional director of the SEC’s Los Angeles regional office.
On 5th Anniversary of FPA’s Win on ‘Merrill Rule,’ Fight Continues
Lawsuit whose victory surprised and delighted many changed the conversation in Washington while industry still awaits shape of a final fiduciary rule.
Swiss Re Says 2011 Was Second Costliest Year to Insurers
Swiss Re's study of disasters, both natural and manmade, in 2011 showed insured catastrophe losses that reached $116 billion.
In 2010, the insurance industry was the target of a lot of bad press regarding retained asset accounts (RAAs) that were provided to the beneficiaries of military service members killed in action.
Long-Term Care Insurers Launch Career Center
The American Association for Long-Term Care Insurance has launched a new Career Success Center to attract more producers to the full-time or part-time sales of LTC insurance policies. Access is free.
New Hire Roundup: Putnam Advances Sipple; Hewson Joins Citi Private Bank
This week in new hires, Scott Sipple moved up at Putnam Investments; Mark Hewson went to Citi Private Bank; Bradford Campbell joined Drinker Biddle; Kimberley Branch and John Forrest went to Symetra; and SNR Denton welcomed Lisa Ledbetter.
How Green Was My Policy
As the headlines over extreme weather conditions and the cost of natural disasters swell, some insurance companies are rising to the challenge.