Articles
Prudential announces more layoffs as insurer continues to restructure
Prudential Financial is undergoing another round of layoffs as the company continues to evolve in Year Two under CEO Andrew Sullivan. According to a filing with the New Jersey Department of Labor and Workforce Development, Prudential is laying off 53 employees on July 17. That follows previous layoff notices in March (54 employees), November (63), […]
Why advisors should be talking about life settlements
The life settlement market is often described as niche, but recent five-year data from the Life Insurance Settlement Association tells an interesting story. Since 2021, more than $20 billion in life insurance policy value has changed hands through the secondary market, with LISA members paying consumers $3.6 billion for policies they no longer needed. This […]
NAIC regulators continue pushing for annuity illustration updates
State insurance regulators are seeking to reopen a key annuity illustration model regulation as they consider a significant overhaul of how illustrations are used in the sales process. The National Association of Insurance Commissioners’ Annuity Illustration Working Group held conference calls last week and this week in an attempt to forge a consensus path forward […]
The Super El Niño Effect on insurance and what it means for clients
Forecasters are warning that Super El Niño is expected to make its debut soon and will likely continue through winter and early 2027, according to the National Oceanic and Atmospheric Administration. Though Atlantic hurricane activity may be reduced, insurance carriers will still feel its impacts. Elevated losses from flooding, severe convective storms, winter storms, wildfires, […]