Running Your Business
Insights on how to run an insurance agency, along with coverage of agency management and agency technology news.
Retirement Savings Ideas: Annuities; Auto-Enrollment; 401(k) Plan Loans
By Allison BellInsurers, the Employee Benefit Research Institute and two U.S. senators - Herb Kohl, D-Wis., and Mike Enzi, R-Wyo. - have been talking about ideas for increasing U.S. workers' retirement savings rate.
May 19, 2011
California Court: STOLI Law Not RetroactiveThe judges on a California Court of Appeal panel have ruled 2-1 that a 2009 state law that is supposed to stop stranger-originated life insurance transactions does not apply to policies written before the law took effect.
May 19, 2011
McCarty: Unclaimed Property Probe Could Bring in "North of $1 Billion"The current probe of life insurers' death benefits payment practices could help beneficiaries and state unclaimed property funds recoup "north of $1 billion," Florida Insurance Commissioner Kevin McCarty said today.
May 18, 2011
PricewaterhouseCoopers: PPACA Reduces Employer FlexibilityThe Patient Protection and Affordable Care Act has not had much effect on the price of medical care, but it has affected employers' ability to save money by changing their benefits packages, consultants say.
May 18, 2011
Hancock Negotiates Unclaimed Property Settlement (CORRECTED)John Hancock Life Insurance Company says it has negotiated a global resolution agreement relating to life insurance unclaimed property practices with officials in 29 states.
May 18, 2011
Annuity Sales Keep RisingTotal U.S. individual annuity sales climbed to $60 billion during the first quarter, up 16% from the total for the first quarter of 2010, according to LIMRA.
May 18, 2011
PPACA: Could Navigators Be Temporary?A company that helps states administer Medicaid programs says it thinks navigators may have only a temporary role in the new health insurance exchange system.
May 18, 2011
SEC Proposes Rating Agency Rule ChangesThe U.S. Securities and Exchange Commission has proposed new regulations that could change the way rating agencies do business.