The experts have looked at some figures and peered into their crystal balls, and if what they see in the life insurance and financial services sectors is more than just a hiccup, we might see some good trends.
Applications filed for individually underwritten life insurance increased 2.1% in July, an “unprecedented” increase for the month, according to the MIB Life Index.
The Certified Financial Planner Board of Standards’ has opened public comment periods for its proposed amendments to its experience requirement for initial CFP certification and changes to its disciplinary rules.
Securian Financial Group’s credit protection business with increase by about 25% after it completes its acquisition of American Modern Life Insurance Co. (AMLIC) and its subsidiary, Southern Pioneer Life Insurance Co. (SPLIC).
Consumers can access the “best” insurance information from state insurance department websites in California, Georgia, Kansas, Ohio, Texas and Utah, while other states’ insurance regulatory websites must improve, according to consumer advocates.
Life insurance seems to get short shrift in discussions among clients and financial advisors, perhaps because of its complexity, a new survey and industry expert suggest.
California officials predict that Standard & Poor’s (S&P) recent downgrade on the credit rating of U.S. government securities will not affect life insurers’ dealings with their consumers in the state.
Unitrin announced its new name will be Kemper Corp., effective Aug. 25, when the company also will begin trading on the New York Stock Exchange under the KMPR ticker symbol.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.