Articles
Health insurers used hidden online tracking tools, lawsuits allege
In less than a year, four claims filed against major health insurers allege the companies used hidden tracking tools on their websites to record users’ most sensitive health queries in real time, then transmitted that data to third-party firms. “These practices are, as alleged, we believe, quite widespread and concerning,” said Andrew Schlichter, co-managing partner […]
Life insurance tips: 5 underwriting concerns for clients living abroad
Digital nomadism and cross-border living is more popular than ever before. As a result, advisors are increasingly asked how to structure life insurance for those whose careers, families, and finances span multiple countries. “The key is designing coverage that remains valid, tax-efficient, and flexible no matter where life takes them,” said Bruce Parker, president at […]
Prudential extends Japan sales ban another 6 months at a total $1B loss
Prudential of Japan is not ready to resume sales after a 90-day ban following widespread misconduct, Prudential Financial CEO Andy Sullivan said Tuesday. The insurer is extending the sales moratorium for another 180 days, for a total financial impact of about $1 billion. The extended sales ban “reflects Prudential’s conclusion that the scope and complexity […]
Life insurance for gig economy power earners: what advisors need to know
The U.S. gig economy is made up of roughly 57 million workers, according to the latest data from Deloitte. By 2027, the global accounting firm predicts freelancers and gig workers will become most of the workforce. Insurance advisors would do well to recognize the growing presence of this demographic and meet the unique needs and […]