Insurance
Top stories summarized by our editors
3/22/2019

The National Weather Service forecasts that half of the US could experience moderate to major flooding this spring, while people in many parts of the Midwest are working to recover from the recent severe flooding. On Thursday, President Donald Trump declared the flooding in Nebraska a major disaster, while Missouri Gov. Mike Parson issued an emergency declaration for his state.

3/22/2019

Crash-related emergency room visits fell 4% on average from 2007 to 2014 in states that prohibit texting while driving, according to a study published in the American Journal of Public Health. Crash-related injuries dropped 8% in states that placed primary bans on texting while driving, the study found.

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CNN
3/22/2019

A creditor group consisting of insurers and a hedge fund is working to recover billions of dollars in insurance payments as Pacific Gas and Electric goes through bankruptcy proceedings, according to court documents. "Insurance companies and owners of insurance claims will play a very important role in the ultimate value of the PG&E enterprise and determining how much is left for other unsecured claim holders and equity based on how much they settle for," said Dov Gertzulin of DG Capital Management, which is a PG&E bondholder.

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Pacific Gas
3/22/2019

The UK has an extended deadline of April 12 to propose a new plan for leaving the EU or to proceed with a no-deal Brexit. EU leaders say the new deadline is Britain's final opportunity for an orderly Brexit, and some are still expressing optimism amid planning for the possibility of a no-deal Brexit.

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Reuters
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EU
3/22/2019

Insurers and brokerages are likely to pursue further mergers and acquisitions as many companies are still looking to grow, executives said at an industry event. "From my perspective, we haven't seen any slowdown -- in fact, our M&A pipeline is more full today than it's ever been," said Greg Williams of Acrisure.

3/22/2019

The New York effort to legalize recreational marijuana is facing more vocal opposition as well as disagreements over revenues and licensing. Meanwhile, New Jersey Gov. Phil Murphy said on Thursday that he lacks enough votes among lawmakers for a recreational marijuana legislation to succeed in a vote on Monday.

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marijuana, Gov. Phil Murphy
3/22/2019

Sales of individual nonvariable annuities hit $33 billion in the fourth quarter, a 54% increase compared with Q4 of 2017, according to survey data from Wink. Among types of nonvariable annuities, sales of multiyear guaranteed annuities increased the most, rising 81% year over year.

3/21/2019

Retirees who delay taking Social Security beyond full retirement age are eligible to receive up to six months of benefit payments in a lump sum in addition to their monthly payments, writes Mary Beth Franklin. However, she notes there are several trade-offs, including increased tax liability and the possibility of increasing income to a level that triggers high-income surcharges on Medicare premiums.

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Mary Beth Franklin, Medicare
3/21/2019

Accenture's Global Financial Services Consumer Study finds consumers largely willing to provide more personal data to reduce what they pay for financial services, while 64% of respondents said they are open to safe-driving discounts for auto insurance. Companies that expand their data collection "need to have the right trust dynamic" and seek consumers' permission for gathering information, said Accenture's Jean-Francois Gasc.

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Digital Insurance
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Accenture
3/21/2019

Get a return on your marketing investment by customizing content to fit your niche, recommends content marketing expert Jordan Fromholz. He offers seven tips for advisors, including being authentic and specific, and ending all articles with a call-to-action.

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Advisor Perspectives
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Jordan Fromholz