Insurance
Top stories summarized by our editors
1/17/2020

WeLeakInfo.com, which sells data exposed in breaches, has been seized by the FBI in an operation coordinated with European partners. The FBI said the site claimed to have 12.5 billion records from 10,000 breaches on its searchable database, which users could access by purchasing subscription plans, one of which offered three months of unlimited access for $70.

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BleepingComputer
1/17/2020

The Treasury Department will start selling a 20-year bond during the first half of this year. The product is being introduced to help with the budget deficit, which is expected to exceed $1 trillion this fiscal year and might continue at that level during the next 10 years.

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The Associated Press
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Treasury Department, Treasury
1/17/2020

Robert Jackson Jr. says he will leave Feb. 14 as a member of the Securities and Exchange Commission to return to teaching at New York University's law school. President Donald Trump is expected to nominate SEC lawyer Caroline Crenshaw to replace Jackson.

1/17/2020

The S&P 500 has risen 27% during the past 12 months, and it has delivered that gain by climbing steadily, rather than soaring. The index has risen or fallen less than 1% since mid-October, marking one of the longest periods without significant volatility.

1/17/2020

A number of advisors discuss the retirement savings options available to those who are self-employed. Among them are fixed index annuities and universal life insurance linked to stock indexes.

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PlanAdviser online
1/17/2020

A judge has approved an Insys Therapeutics bankruptcy plan that court records estimate will provide most creditors eight cents for every dollar they are owed. Court documents show the company's product-liability insurance will help cover personal-injury claims stemming from the opioid crisis, which has led to litigation against the company and the conviction of its former CEO.

1/17/2020

The new trade agreement between the US and China could help US life insurance companies boost sales in China. As part of the deal, China would stop requiring life and health insurers to be at least 49% Chinese-owned.

1/17/2020

The National Association of Insurance Commissioners' Long-Term Care Insurance Task Force has hired a consultant to collect pricing data from long-term-care insurers in 19 states. The task force's goal is to create a uniform rate review process for long-term-care insurance premiums.

1/17/2020

Jill Froment, director of the Ohio Department of Insurance, has been selected to serve as chair of the National Association of Insurance Commissioners Life and Annuity Committee. The committee plays a major role in shaping the standards that govern the sale of life insurance and annuities.

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Annuity Committee
1/17/2020

There are five common mistakes financial planners make when running their businesses, says consultant Craig Hersch. They include trying to do too much, not upgrading technology and failing to utilize modern marketing techniques.

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WealthManagement