INSURASALES

Osaic Launches Direct Billing for Fee-Based Variable Annuities

Osaic introduces direct billing for select fee-based variable annuities, simplifying annuity management and enhancing operational efficiency for financial advisors.

mea Platform and ACORD Integrate to Automate Insurance Underwriting and Data Exchange

mea Platform and ACORD Solutions Group partner to integrate AI-driven data extraction with ADEPT, automating insurance underwriting, policy administration, and claims processing.

Actuaries Consider Insured Population Data for Age 80+ Mortality Accuracy

Regulators and actuaries evaluate shifting to insured population data to better capture mortality trends in individuals aged 80+, addressing rising mortality deterioration and socioeconomic impacts on longevity.

LIMRA Reports Decline in Workplace Insurance Sales Amid Early 2025 Economic Softening

LIMRA's Q1 2025 report shows a 16% decline in workplace life insurance and a 15% drop in disability insurance premiums, reflecting early 2025 economic softening.

Saifr Launches AI Agent to Streamline Life Insurance Advertising Compliance

Saifr introduces an AI-driven compliance agent for life insurance and annuity advertising, enhancing regulatory adherence and operational efficiency for insurers.

National Insurance Awareness Day Promotes Coverage Review and Industry Education

National Insurance Awareness Day on June 28 highlights the importance of reviewing insurance policies, understanding coverage, and staying compliant with evolving regulations for individuals and insurance professionals.

Variable Universal Life Insurance: Market Role, Features, and Considerations

Explore comprehensive insights on variable universal life insurance (VUL) including its structure, flexibility, risks, fees, and market share in the U.S. life insurance industry.

NY State Audit Reveals $1.5M Anthem Overpayments in Empire Plan Claims

New York State audit finds over $1.5 million in Anthem Blue Cross overpayments for physician-administered drugs under the Empire Plan, highlighting ongoing oversight and claims management challenges.

NAIC AI Data Definition Efforts Spur Debate on Regulatory Clarity and Innovation

NAIC's initiative to define third-party data in AI models raises regulatory clarity concerns amid calls for flexible governance to support insurance innovation.

Tennessee Genetic Testing Owner Sentenced for $129M Medicare Kickback Scheme

Fadel Alshalabi, owner of Crestar Labs in Tennessee, sentenced to five years for orchestrating a $129M Medicare and Medicaid kickback and billing fraud scheme involving unauthorized genetic tests.