Insurance
Top stories summarized by our editors
9/20/2018

The Securities and Exchange Commission wants to hear from a wide range of market participants at a roundtable on protecting retail investors from fraud. The event is scheduled for Wednesday at the SEC's headquarters in Washington, D.C.

9/20/2018

A 14-year study by RAND examined older Americans' employment and retirement decisions in conjunction with personality and cognition tests. The study found connections between retirement decisions and cognitive ability, extroversion, conscientiousness and agreeableness.

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Rand
9/20/2018

Allocating a portion of a retirement portfolio that is holding bonds to a single-premium annuity offers several advantages, according to an analysis by John Walton. "Deferred annuities, especially longer than 10 years, provide the opportunity for guaranteed equity-like returns," he writes.

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Seeking Alpha
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John Walton
9/20/2018

A white paper from MassMutual reviews the issues defined-benefit plan sponsors should address when considering the transfer of pension liabilities to an annuity purchased from an insurance company. Because pension risk transfer is a "fiduciary act," the plan sponsor must consider the "quality and diversification of the annuity provider's investment portfolio, and level of the insurer's capital and surplus," the paper says.

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PlanAdviser online
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MassMutual
9/20/2018

Bonnie Lee of Allstate said drones have helped expedite response to customers by helping the insurer examine areas affected by disasters such as hurricanes Irma and Harvey, wildfires in California and volcanic eruptions in Hawaii. The Federal Aviation Administration estimates that the number of commercial drones will rise from the current 110,000 to 450,000 by 2022.

9/20/2018

Leigh Anne Tuohy, whose story of becoming the legal guardian of football player Michael Oher inspired the book and movie "The Blind Side," was a featured speaker at NAIFA's annual conference. The Women's Leadership Panel featured Ameritas CEO JoAnn Martin and Colleen Bell of Cambridge Investment Research.

9/20/2018

NAIFA's annual conference featured Braindate, a social media tool that let attendees share knowledge and schedule online or in-person meetings. "NAIFA is committed to being a thought leader and forum to sharing ideas," President-elect Jill Judd says.

9/19/2018

AIR Worldwide estimates that insured losses resulting from Florence, which hit the US as a Category 1 hurricane, could range from $1.7 billion to $4.6 billion, while Karen Clark & Co. says insured losses from the storm could total about $2.5 billion. Neither estimate includes losses covered by the National Flood Insurance Program.

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Karen Clark & Co., AIR Worldwide
9/19/2018

Proactive measures need to be taken to protect cities from cyberattacks as more devices are connected and cities get smarter, Will Ash and Britt Norwood write. A multitiered approach and a response plan are critical, they add.

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Britt Norwood
9/19/2018

A lawsuit seeking class status was filed Tuesday against the operator of gas pipelines after last week's series of explosions in Massachusetts, where the complaint alleges overpressurization resulted from "antiquated" gas lines. The state's US senators said the pipelines registered 12 times their usual pressure shortly before the blasts.