Articles
PHL Variable liquidation: Regulators, investors pivot legal fire to Nassau
A group of large PHL Variable policyholders, and the Connecticut insurance commissioner both took aim at Nassau Financial Group in separate court filings this week. Both the policyholders and interim Commissioner Joshua Hershman, serving as the rehabilitator in the proposed liquidation of the financially troubled PHL, are after the same thing: Money. Hundreds of millions […]
Why experts are calling this the ‘golden age’ of underwriting
Advancements in technology are ushering in what experts on a recent InsTech panel have dubbed the “golden age of underwriting,” a period expected to be marked by greater speed, efficiency and managing general agency activity. “I think now, with the evolution of technology, that we can move into this golden age because the technology allows, […]
Younger generations experience serious health issues earlier in life
Younger generations are going through serious health issues earlier in life, with substantial implications for employer-sponsored health plans. That was the word from UnitedHealthcare and Health Action Council, which published a white paper on their findings. The report pointed out that costs for employer-sponsored health care benefits are rising more quickly than general inflation and […]
Fiduciary Rule funeral: DOL joins industry in move to vacate Biden-era rule
The Department of Labor said in court documents this week that it supports a district court motion to vacate its Retirement Security Rule, the department’s most recent attempt to extend fiduciary duty. The motion was filed jointly with a group of industry trade groups that initially filed a lawsuit to prevent the RSR from taking […]