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How insurance professionals can get into trouble with AI

We have all learned that AI can be wrong, but individuals assume liability if they propagate that information.

Sydney , New-south-wales , Australia , New-york , United-states , Kevin-roose , Juliana-neelbauer , Stevena-morelli , Monica-minkel , Holmes-murphy , Davida-schweidel , Gil-appel

Income tops annuity buyers' reasons for purchase, study says

Income tops annuity buyers' reasons for purchase, study says
insurancenewsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancenewsnet.com Daily Mail and Mail on Sunday newspapers.

Matthew-drinkwater , Stevena-morelli , Marc-rowan , Society-of-actuaries , Greenwald-research , Retirement-income-research , Vice-president , Deferred-annuity , Younger-generations ,

FINRA boots SW Financial in first Reg BI expulsion

New York-based Salomon Whitney Financial did not disclose fees and failed to monitor churning despite a long history of violations, according to a FINRA order.

Connecticut , United-states , State-of-connecticut , New-york , Stevena-morelli , Thomas-diamante , Christopherj-kelly , Department-of-enforcement , Regulation-best-interest , Whitney-financial , Securities-act , Exchange-act

Apollo expects to pull wealthy investors into alternatives with new annuity, investment vehicle

Apollo Global Management has high hopes for two new products it expects will interest high-net-worth investors in alternative investments.

Stevena-morelli , Marc-rowan , Scott-kleinman , Global-management , Apollo-aligned-alternatives , President-scott-kleinman , Athene-altitude ,

Will AG 49-B be a May Day or meh day for IUL illustrations?

As Actuarial Guideline 49-B takes effect, some predict a indexed universal sales hit while others don’t see much change in illustrated rates.

Stevena-morelli , Eversheds-sutherland , Gregory-rohtstein , Sheryl-moore , National-association-of-insurance , Wink-inc , National-association , Insurance-commissioner-actuarial-guideline , Insurance-illustrations-model-regulation , Model-regulation ,

'Third rail' heats up as Social Security reform talk increases

Sen. Bill Cassidy, R-La., says the reason Social Security will be the deadly third rail of politics is not avoiding its impending insolvency.

Maine , United-states , Phillip-swagel , Angus-king , Bill-cassidy , Joe-biden , Barack-obama , Stevena-morelli , Georgew-bush , National-committee-to-preserve-social-security , Bipartisan-policy-center , Security-trust-fund

Blue Cross reorganizations in N.C., N.J. prompt fears on premiums, service

North Carolina commissioner raises red flag over Blue Cross change to a not-for-profit mutual; New Jersey activists sue to stop conversion.

Missouri , United-states , California , Georgia , Virginia , New-jersey , North-carolina , Asbury-park , Mike-causey , Marka-hall , Maura-collinsgru , Christopherj-conover

Study: Young people buying insurance worry about wrong risk

A survey on buying insurance finds the Gen Z and millennials worry about early death but not as much about the real risks.

Latino-latinx , Stevena-morelli , Eric-sondergeld , Society-of-actuaries , Young , Greenwald-research , Life-insurance , Annuity-conference , Younger-generations ,

Accounting standard dampens life insurers' interest in high-interest bonds

Life carriers would love to trade low-interest bonds for new higher-rate ones, but an NAIC accounting standard dissuades them, study finds.

United-states , American , Leslie-scism , Stevena-morelli , National-association-of-insurance , American-council-of-life-insurers , Rates-rise , Investment-strategies-must-meet , National-association , Insurance-commissioner , American-council , Life-insurers

Life insurance companies would love higher-rate bonds, but accounting standard would not, Conning reports

Life carriers would trade their low-interest bond for new higher-rate ones, but an NAIC accounting standard dissuades them.

United-states , American , Stevena-morelli , Leslie-scism , National-association-of-insurance , American-council-of-life-insurers , Rates-rise , Investment-strategies-must-meet , National-association , Insurance-commissioner , American-council , Life-insurers