InsuranceNewsNet

1 week ago | insurancenewsnet.com | John Hilton

Nearly six months after a series of devastating wildfires, California’s property insurance crisis is far from stabilized. Many market participants are focused on the next climate-fueled disaster – be it more wildfires or an earthquake. The Golden State’s property insurance market simply cannot continue without major reforms, experts say. “The home insurance market is in a state of crisis,” reads a new report from Deep Sky, a Canadian carbon removal project developer.

1 week ago | insurancenewsnet.com | Susan Rupe

Professional associations representing the agent community have come out against United Healthcare's recent decision to eliminate agent commissions across more than 100 Medicare Advantage plans in more 20 states. The National Association of Benefits and Insurance Professionals said this move limits access to trusted, licensed guidance for Medicare beneficiaries and threatens the role of independent agents who serve as vital advocates for older Americans.

1 week ago | insurancenewsnet.com | Susan Rupe

Retirement is not a one-time event; it is a dynamic phase of life that requires a vision of what the post-employment years will look like for each individual and how that vision will be funded. Tamiko Toland, founder of IncomePath, discussed the process of individualized retirement planning and how annuities can help fund each individual’s retirement vision during a recent webinar by the National Association for Fixed Annuities.

1 week ago | insurancenewsnet.com | Susan Rupe

Birth rates in the U.S. have been declining since 1990, but there’s one population segment that is seeing a rise in births – women age 40 and older. The Centers for Disease Control and Prevention released a study that revealed more babies were born to women over 40 than teens for the first time in history. The increase in births to women in their prime wage-earning years coincides with a spike in interest in disability and paid leave benefits among women in that age group, MetLife found.

1 week ago | insurancenewsnet.com | John Hilton

The long-term care issue is receiving plenty of attention – both from the explosive growth of LTC riders attached to life insurance, as well as several state and federal proposals. Recenlty, the Senior Issues Task Force met to discuss long-term care trends, issues and long-term prognosis. The task force – a National Association of Insurance Commissioners’ group – is in information-gathering mode, members said.