Tag: insurance industry

New Legislation Targets Insurance Industry Consolidation in Healthcare

New Legislation Targets Insurance Industry Consolidation in Healthcare

New US legislation aims to prevent insurance companies from acquiring independent health clinics, addressing rising healthcare costs and market consolidation.

MetLife Transfers $10 Billion Variable Annuity Risk to Talcott Resolution

MetLife completes $10 billion variable annuity risk transfer with Talcott Resolution, reducing portfolio risk while retaining policy servicing, enhancing risk management in the life insurance sector.

Consumer Reports Petitions Major US Homeowners Insurers for Stronger Protections

Consumer Reports petitions top US homeowners insurers to adopt Homeowners Insurance Bill of Rights, aiming to enhance fairness, transparency, and consumer protections amid rising premiums and policy challenges.

AM Best Updates U.S. Homeowners Insurance Outlook to Stable Amid Market Resilience

AM Best revises U.S. homeowners insurance segment outlook to stable, citing improved reinsurance market dynamics, moderated premium growth, and enhanced catastrophe risk management in 2025.

Principal Financial Group CEO Details Growth Focus on Retirement, Small Business Benefits

Principal Financial Group CEO Deanna Strable outlines the company's growth strategy focusing on retirement solutions, small- to medium-sized business benefits, innovative annuities, and technology integration.

P/C Insurance Leaders Discuss Risk Strategies and National Catastrophe Planning

Property/casualty insurance executives review lessons from recent catastrophe losses, emphasizing risk management, national catastrophe planning, and industry resilience strategies.

IFRS 18 to Transform Insurance Financial Statements and Disclosure Requirements

IFRS 18 introduces new financial statement presentation and disclosure requirements for insurance companies, including operating profit subtotals and management-defined performance measures, effective 2027.

NAMIC Report Highlights Growing Commercial Demand for Mutual Insurance

NAMIC's 2025 Mutual Factor report reveals increased commercial market preference for mutual insurance companies and improved financial metrics.

California SB 766 CARS Rule Impacts Auto Finance Compliance

Explore how California SB 766, the CARS Rule, introduces new auto finance compliance requirements including changes to cancellation and record retention, affecting legal and operational practices.

Washington Advances Broader Access to Alternative Assets in 401(k) Plans

Washington regulators are advancing frameworks to expand 401(k) plan access to alternative assets including private equity, real estate, and cryptocurrencies, affecting fiduciary and insurance market dynamics.